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WASHINGTON, May 6 (Reuters) – U.S. private payrolls posted their largest increase in 15 months in April, pointing to continued labor market stability even as the conflict in the Middle East clouds the economy’s outlook. The labor market remains in a “low-hire, low-fire” state, though economists are warning of downside risks as the U.S.-Israel war with Iran fans inflation. The latest sign of labor market stability in the ADP’s national […]

May 6 (Reuters) – Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. Shares of the company fell over 12% in early trading. The company, which was spun off from IBM in 2021, has been restructuring a number of low- or no-margin contracts it inherited from the tech giant to improve profitability.  • […]

By Leo Marchandon May 6 (Reuters) – Genesis AI, a French robotics startup backed by former Google CEO Eric Schmidt and telecoms tycoon Xavier Niel, on Wednesday unveiled an AI model designed to make robots more adaptable, along with a human-like robotic hand. Co-founded by former Mistral researcher Theophile Gervet, the company said its GENE-26.5 model can run a range of robots, including those made by other companies. It is […]

May 6 (Reuters) – Wall Street’s main indexes opened higher on Wednesday, extending their strong run on hopes of a potential U.S.-Iran peace agreement and sustained enthusiasm around artificial intelligence. The Dow Jones Industrial Average rose 143.9 points, or 0.29%, at the open to 49,442.19. The S&P 500 rose 34.9 points, or 0.48%, at the open to 7,294.14​, while the Nasdaq Composite rose 169.0 points, or 0.67%, to 25,495.166. (Reporting […]

Disney exceeded most expectations for the second quarter, driven by strength in streaming and its U.S. theme parks that offset fewer visits by international travelers. The Walt Disney Co. had cautioned in February that in the second quarter its Experiences division, which includes its theme parks, would likely see modest operating income growth due in part to a decline in visits from international tourists to the U.S. There’s been a […]

BEIRUT (AP) — Pope Leo XIV surprised 13 priests from southern Lebanon, near the border with Israel, by joining a video call from Rome on Wednesday, telling them they were in his prayers and that he hoped peace would soon prevail along the tense frontier. The Lebanese Catholic and Maronite priests were asked to attend an online morning meeting with the Vatican’s ambassador to Lebanon, Archbishop Paolo Borgia. Once online, […]

THE HAGUE, Netherlands (AP) — Venezuela insisted Wednesday that a disputed mineral-rich region of Guyana was “fraudulently” taken in a 19th-century example of colonialism, arguing that a 1966 agreement and not the United Nations’ highest court should finalize ownership of the territory. The International Court of Justice is holding a week of hearings between the South American neighbors who both lay claim to the Essequibo region, which is rich in […]

ROME (AP) — Pope Leo XIV will inaugurate the soaring central tower of Barcelona’s famed Sagrada Familia basilica when he visits Spain next month in a weeklong trip that will also take him to a migrant reception center in the Canary Islands, the Vatican said Wednesday. The June 6-12 visit will first bring Leo to Madrid for meetings with the government, Parliament and King Felipe VI and Queen Letizia. He’ll […]

HONG KONG (AP) — China’s diplomatic role in the Iran war has come into sharper focus following talks between Chinese and Iranian foreign ministers on Wednesday, days before U.S. President Donald Trump is expected to meet his Chinese counterpart Xi Jinping. Beijing’s profile in international diplomacy has risen in recent years. Long reluctant to get involved in conflicts far from its borders, it has nevertheless emerged as a major player […]