Airbus First-Quarter Profit, Sales Slip on Slow Deliveries
Airbus SE reported a drop in first-quarter profit as the European planemaker paid a price for stubborn gaps in its supply chain that have held back jet deliveries.
Bloomberg Top News
Treasury Yields Drop as Stocks Waver in Fed Run-Up: Markets Wrap
Stocks fluctuated, with traders expecting the Federal Reserve to signal a pause in its aggressive hiking cycle after a potential rate hike in May.
Zelenskiy Denies Ukraine Sent Drones to Attack Putin in Kremlin
Ukrainian President Volodymyr Zelenskiy denied Russian allegations that his government organized an attack on Vladimir Putin’s residence in the Kremlin by a pair of drones.
Russian Billionaire Timchenko Says Knowing Putin Doesn’t Make Him Ally
Russian billionaire Gennady Timchenko attacked the European Union’s decision to sanction him, saying his close ties to President Vladimir Putin don’t mean he’s an ally in the war in Ukraine.
NATO Warns That Russia Is Mapping EU, US Critical Assets
NATO’s intelligence chief said that Russia is mapping critical undersea systems and warned of a significant risk that Moscow could target infrastructure in Europe and North America.
Czechs Warn Rates May Rise Further as Inflation Risks Persist
The Czech central bank warned it may have to raise borrowing costs if home-grown inflation risks escalate, calling investors’ bets on monetary easing “premature.” The koruna gained.
Future of Key German Refinery in Limbo as Pipeline Plans Stuck
Reviving a key German refinery that was cut off from Russian crude supplies this year will take even longer as plans for upgrading an essential pipeline are stalling.
Busted Banks Wipe Out $54 Billion of Stocks, Bonds During Turmoil
The collapses that claimed four US lenders this year have stuck investors with more than $54 billion of losses, after First Republic Bank’s demise added to the pile of nearly worthless securities and sent some peers into a new tailspin.
Goldman Sachs Names Kim Posnett as Global Head of TMT
Goldman Sachs Group Inc. has named Kim Posnett global head of its technology, media and telecommunications investment banking group, according to a company memo.
EVs Are Cleaning Up California’s Air, But Mostly for the Affluent
Disadvantaged communities received just 7% of California’s EV incentives between 2010 and 2021, and saw substantially smaller reductions in particulate emissions.