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Maersk raises 2024 guidance on strong demand, Red Sea disruptions Jun 3, 2024 02:32PM

(Reuters) -Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and disruptions caused by the crisis in the Red Sea.

Maersk now expects its underlying earnings before interest, tax, depreciation and amortisation in the range of $7 billion to $9 billion.

The shipping group said it now sees signs of further port congestions, especially... (continue reading...)


Portugal toughens migration rules after swing to the right Jun 3, 2024 02:31PM

By Catarina Demony and Patricia Vicente Rua

LISBON (Reuters) - Portugal announced on Monday a new plan that will toughen some rules for migrants, following in the footsteps of other EU countries and days before Europeans head to the polls in an election set to tilt the bloc's politics to the right.

The new rule will require migrants to have an employment contract before moving to Portugal.

"We need people in Portugal willing... (continue reading...)


Why Biden's campaign isn't celebrating Trump's felony conviction Jun 3, 2024 02:28PM

By Jarrett Renshaw and Stephanie Kelly

(Reuters) - In the wake of Donald Trump's historic hush-money conviction, Democrats are wrestling with how central Trump's felonies should be to President Joe Biden's reelection campaign.

So far, the answer is "not very."

While most Democrats were thrilled to see Trump convicted last Thursday on 34 felony counts, many - including top officials in Biden's campaign - are taking a "wait... (continue reading...)


Former TD employee in Florida accused of opening fraudulent accounts, Bloomberg News reports Jun 3, 2024 02:17PM

(Reuters) -A former TD Bank employee falsified documents to open dozens of accounts and provided concierge-like services to help cash flow across borders, Bloomberg News reported on Monday.

Gerry Aquino Vargas, the now-former retail banker in Hollywood, Florida, an outpost of TD Bank, took a series of $200 bribes to help clients move millions to Colombia by skirting anti-money-laundering defenses, the report said, citing American prosecutors.

... (continue reading...)
Four more Israeli hostages died in Gaza captivity, Israel's military says Jun 3, 2024 02:03PM

JERUSALEM (Reuters) -The Israeli military said on Monday that four more of the Israeli hostages abducted by Hamas on Oct. 7 have died in captivity and that their bodies are being held by the Islamist group.

The military identified the four men as Chaim Peri, Yoram Metzger, Amiram Cooper, and Nadav Popplewell, all of whom were filmed alive in hostage videos posted by Hamas.

Military spokesperson Rear Admiral Daniel Hagari said that new... (continue reading...)


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