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Analog Devices forecasts quarterly revenue above estimates May 22, 2024 07:05AM

(Reuters) - Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its automotive and industrial chips after a prolonged slump.

The company expects revenue of $2.27 billion, plus or minus $100 million, compared with estimates of $2.16 billion, according to LSEG data.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)


Cubans put Asian silkworms to work for artisans in experimental project May 22, 2024 07:08AM

By Alien Fernandez

INDIO HATUEY, Cuba (Reuters) - Cuban biochemist Dayron Martin, dressed in a white lab coat and jeans, looks over a table swarming with silkworms with the admiration of a proud father.

Hundreds of the cream-colored caterpillars squiggle across a bed of dark green mulberry leaves - the worm's preferred food - freshly plucked from bushes just outside his laboratory.

This is the payoff, he says: The worms... (continue reading...)


Americans keep vehicles for record 12.6 years on average despite easing supplies, S&P says May 22, 2024 07:03AM

SAN FRANCISCO (Reuters) - Automobile owners in the United States are holding on to their vehicles longer, according to a new study, even as major supply disruptions caused by the COVID pandemic ease and availability at dealerships rise.

The average age of U.S. cars and light trucks this year rose to a record 12.6 years, according to the report by S&P Global Mobility on Wednesday, up by two months from 2023.

Though the rise in the average... (continue reading...)


An Argentine railway builder suffers in the shadow of Milei's cuts May 22, 2024 07:03AM

By Lucinda Elliott

LA PLATA, Argentina (Reuters) - Argentine laborer Pablo Vazquez was finishing a day's shift laying track for a train line near La Plata on the outskirts of Buenos Aires when the foremen called a dozen members of the team together to share bad news. The workers were all being let go.

In a shed at the site entrance, the managers said the project had been put on ice as part of a crackdown on public-funded construction... (continue reading...)


Analysis-Israel's allies grapple with bid for ICC warrant against Netanyahu May 22, 2024 07:02AM

By Anthony Deutsch, Andreas Rinke and Andrew MacAskill

THE HAGUE/BERLIN/LONDON (Reuters) - International Criminal Court Prosecutor Karim Khan's request for an arrest warrant against Israeli Prime Minister Benjamin Netanyahu has created a diplomatic quandary for some key member states: How to be supportive of both Israel and the ICC?

Khan's move on Monday, the first attempt to go after a sitting, Western-backed head of state, has yet to be... (continue reading...)


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