Airbnb posts higher profits on global travel demand
(Reuters) - Vacation rental company Airbnb reported a higher quarterly profit on Wednesday, boosted by an increase in travel in international markets as North American bookings decelerated during the period. Shares of the company were up 3% after t...
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Robinhood swings to profit from year-ago loss
(Reuters) -Robinhood Markets reported a profit in the first quarter on Wednesday compared with a loss last year, helped by strong trading volumes and rate hikes that boosted its net interest revenue. The company reported a profit of $157 million or 18 ...
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Mexico heat wave triggers 'exceptional' power outages, president says
By David Alire Garcia and Adriana Barrera MEXICO CITY (Reuters) - Widespread recent power outages in Mexico were caused by unseasonably hot weather, the country's president said on Wednesday, assuring consumers that the national grid has sufficient...
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Oklahoma anti-ESG law blocked by state judge
By Clark Mindock and Ross Kerber (Reuters) - A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas industry. Oklahoma County District Court Judge Sheila S...
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Argentina industrial output sinks 21% amid Milei austerity, worst since pandemic
BUENOS AIRES (Reuters) - Argentina's industrial output plunged 21.2% in March from a year ago, the INDEC statistics agency said on Wednesday, the worst slide since the depths of the Covid-19 pandemic as libertarian President Javier Milei pushes a t...
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Ex-correctional official sent to US prison for payments from Galleon's Rajaratnam
By Nate Raymond BOSTON (Reuters) - A former correctional counselor at a federal prison in Massachusetts was sentenced on Wednesday to two years in prison for corruptly accepting tens of thousands of dollars from a wealthy inmate identified by a sou...
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Golf-Korda keeping it simple ahead of LPGA record attempt
NEW YORK (Reuters) - American Nelly Korda is keeping it simple as she vies for a record sixth consecutive LPGA win this week at the Cognizant Founders Cup on a tricky course at Upper Montclair Country Club. Korda clinched her second major title and...
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Microsoft to shut Africa development centre in Nigeria
LAGOS (Reuters) - Microsoft is closing down its Africa Development Centre in the continent's most populous nation Nigeria, which will lead to job losses, a spokesperson said on Wednesday. The centre, based in the commercial capital Lagos was opened...
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Ghana's top court postpones hearing on challenge to anti-LGBTQ bill
ACCRA (Reuters) - Ghana's Supreme Court said on Wednesday that lawyers battling over the legality of one of Africa's most restrictive anti-LGBTQ bill must amend their motions due to insulting language in their submissions and then postponed the cas...
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US paused Israel weapons shipment due to Rafah: US defense secretary
By Phil Stewart and Idrees Ali WASHINGTON (Reuters) - President Joe Biden's decision to hold up delivery of high payload munitions to Israel was taken over a possible Israeli offensive in Rafah that Washington believes could put Palestinian civili...
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