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STOCKHOLM (Reuters) – Sweden’s Ericsson on Tuesday reported first-quarter core earnings that beat expectations as stronger sales of 5G equipment in countries such as India offset lower sales in high-margin countries. The company’s quarterly adjusted operating earnings, excluding restructuring, fell to 4 billion Swedish crowns ($386.77 million) from 4.8 billion crowns a year earlier, beating analysts’ mean forecast of 3.28 billion, according to Refinitiv data. Ericsson, which announced plans to […]

ROME (Reuters) -AS Roma said on Monday they have sacked chief executive Pietro Berardi, a decision taken days after prosecutors seized documents at the Serie A club as part of a probe into possible financial irregularities in transfer deals. Roma, who are in third place in the Italian top flight, said in a brief statement that they had “terminated all relations” with Berardi “with immediate effect.” The statement did not […]

By Joe Skipper and Steve Gorman BOCA CHICA, Texas (Reuters) -Elon Musk’s SpaceX called off the highly anticipated debut launch of its newly combined Starship cruise vessel and Super Heavy rocket in the final minutes of countdown due to a frozen valve, delaying the uncrewed test flight for at least two days.     The two-stage rocketship, standing taller than the Statue of Liberty at 394 feet (120 m) high, was […]

By Kevin Yao and Joe Cash BEIJING (Reuters) – China’s economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead. More than a year-long sweeping streak of global monetary policy tightening to rein in red hot inflation has dented world economic growth, […]

PESHAWAR, Pakistan (Reuters) -A landslide during a thunder and lightning storm on the main road through northwest Pakistan’s Khyber Pass buried more than 20 trucks on Tuesday, killing at least two people, with dozens more feared trapped, officials said. “Twenty to twenty five containers are buried in the wreckage,” Abdul Nasir Khan, deputy commissioner of the Khyber district, told Reuters. “The wreckage is quite extensive and our rescue operation is continuing […]

By Kevin Yao and Joe Cash BEIJING (Reuters) -China’s economy grew at a faster-than-expected pace in the first quarter, as the end of strict COVID curbs lifted businesses and consumers out of crippling pandemic disruptions, although headwinds from a global slowdown point to a bumpy ride ahead. More than a year-long sweeping streak of global monetary policy tightening to rein in red hot inflation has dented world economic growth, leaving […]

By Kane Wu and Julie Zhu HONG KONG (Reuters) -State-owned China Mobile Ltd is exploring a buyout of Hong Kong’s leading telecoms company HKBN Ltd, four people with knowledge of the matter said, which could spark a bidding war for the firm currently valued at $1 billion. China Mobile in recent weeks sent a request for proposal (RFP) to a small group of banks to advise on acquiring and taking-private […]

JERUSALEM (Reuters) -A gunman opened fire on a vehicle in East Jerusalem on Tuesday, wounding two people, Israeli emergency services said. The attack comes after a year of escalating Israeli Palestinian violence and high tension during the Muslim holy month of Ramadan which coincided this year with the Jewish Passover holiday. Israeli police said the suspected attacker opened fire on a vehicle in the Sheikh Jarrah area of East Jerusalem, […]

PESHAWAR, Pakistan (Reuters) -A landslide during a thunder and lightning storm on the main road through northwest Pakistan’s Khyber Pass buried more than 20 trucks on Tuesday, killing at least two people, with dozens more feared trapped, officials said. “Twenty to twenty five containers are buried in the wreckage,” Abdul Nasir Khan, deputy commissioner of the Khyber district, told Reuters. “The wreckage is quite extensive and our rescue operation is continuing […]