Britain
Rolls-Royce Holdings, an aerospace and defence company, said that its full-year 2024 guidance is unchanged, with a broadly balanced weighting for both profit and cash flow across the year. At the Annual General Meeting on Thursday, Rolls-Royce's Chief Executive Tufan Erginbilgic said the company has had a strong start to the year, despite continued industry-wide supply chain challenges. This builds on the British company's record performance in 2023. The company announced proposed organizational changes in October 2023 and said it is on track to deliver the annualized sustainable benefit of ar...
DPA
The popular chatbot ChatGPT will be able to access articles from the Wall Street Journal and the London Times in future, ChatGPT developer OpenAI announced on Wednesday. OpenAI has concluded a multi-year agreement with media mogul Rupert Murdoch's News Corp group, allowing ChatGPT to display information to users and use the content to train the software. The deal will also grant ChatGPT access to current and archive material from other News Corp titles, including the New York Post and The Sun. In recent months, OpenAI has struck deals with various media organizations, including the German Axel...
DPA
Jenny Erpenbeck has become the first German author to win the International Booker Prize, a prestigious British literary award. "I'm really surprised," she said as she collected the prize on Tuesday evening in London, adding that she had not even prepared a speech. The 57-year-old from East Berlin won the award for her novel "Kairos," which tells the love story between a student and an older author in 1980s East Germany. Erpenbeck and her translator Michael Hofmann will split the £50,000 ($63,600) prize. She is widely recognized as one of the most important stars of German literature, and has ...
DPA
One person has died and more than 30 others have been injured in severe turbulence during a flight from London to Singapore, Singapore Airlines said. The Boeing 777-300ER departed from London on Monday and encountered severe turbulence en route. It had to be diverted to Bangkok where it landed on Tuesday, the airline said in a post on Facebook. There were 211 passengers and 18 crew on board. The airline extended "its deepest condolences" to the deceased's family. The airline said it is working with the local authorities in Thailand to provide medical assistance. A team is also on its way to Ba...
DPA
Austria will campaign in the European Union for a new migration policy in which asylum procedures would take place in African countries if necessary, Austria's Chancellor Karl Nehammer said on Tuesday. He made his comments after a working meeting in Vienna with British Prime Minister Rishi Sunak, who is behind a UK plan to send migrants without the required immigration papers to Rwanda and have them apply for asylum there. Nehammer said the British plan played an important and pioneering role in the discussion. "The United Kingdom is thus paving the way for this path, which will also be import...
DPA
Austria will campaign in the European Union for a new migration policy in which asylum procedures would take place in African countries if necessary, Austria's Chancellor Karl Nehammer said on Tuesday. He made his comments after a working meeting in Vienna with British Prime Minister Rishi Sunak, who is behind a UK plan to send migrants without the required immigration papers to Rwanda and have them apply for asylum there. Nehammer said the British plan played an important and pioneering role in the discussion. "The United Kingdom is thus paving the way for this path, which will also be import...
DPA
A range of organizations including Just Stop Oil and Palestine Action could be banned in the UK as "extreme protest groups" under new proposals tabled by a senior government adviser. The approach currently applied to terrorist organizations should be used as a model, according to adviser on political violence John Woodcock, also known as Lord Walney, the BBC reported on Sunday, citing extracts from the report. In recommendations now due to be presented to the Cabinet, Woodcock backs proscribing groups that "routinely use criminal tactics to try to achieve their aims." "Militant groups like Pal...
DPA
British hospitality giant InterContinental Hotels Group (IHG) on Friday said its revenue per available room (RevPAR) rose by 2.6% year-over-year in the first quarter of 2024. The increase was primarily driven by 8.9% growth in its Europe, Middle East, Africa and Asia regional unit. RevPAR rose 2.5% in its China division, while it dropped 0.3% in the Americas region. IHG's average daily rate increased 2.3%, and occupancy rose by 0.2 points. Net system size grew 3.4% from last year.
DPA
Shares of British multinational bank Standard Chartered were gaining more than 5% on the London Stock Exchange after the lending major reported Thursday higher profit in its first quarter, despite weak net interest income. The company further maintained its fiscal 2024 guidance. Standard Chartered reported first quarter profit before tax of $1.91 billion compared to $1.81 billion, prior year. Earnings per ordinary share, in cents, was 45.4 compared to 39.8. Underlying operating income was $5.15 billion, up 17%. Underlying earnings per share, in cents, was 51.7 compared to 36.8. First quarter n...
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Britain-based oil company Shell on Thursday reported that its first-quarter income before tax fell to $11.04 billion from last year's $14.35 billion - and also said it has started repurchasing shares. Income attributable to shareholders declined to $7.36 billion from last year's $8.71 billion. Earnings per share were $1.13, down from $1.25 a year ago. Adjusted Earnings per share were $1.20, compared to $1.39 in the prior year. Analysts on average expected the company to report earnings of $1.86 per share. Analysts' estimates typically exclude special items. Adjusted EBITDA was $18.71 billion, ...
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