US Business

British Airways owner International Consolidated Airlines said it ordered the planes to bolster its long-haul fleet after earnings rose.

The telecomms-infrastructure company reported a larger net loss for the first quarter due to costs from job cuts, but confirmed its outlook for the year.

Earnings topped market expectations after revenue gains in most divisions as the Italian lender seeks to acquire peer Banca Generali while fending off an unsolicited bid itself.

Earnings and revenue for the first quarter exceeded analyst expectations, after higher commission income offset a decline in interest income.

Due to the uncertainty around levies, the company didn’t quantify the potential hit at this stage, but had already reduced U.S. imports from China, its CFO said.

OpenAI said Instacart’s chief executive is joining the company to lead its applications business as the ChatGPT maker looks to scale its operations and drive growth.

The Japanese videogame maker is betting on solid sales of the long-awaited Switch 2 console that will go on sale next month.

Germany’s biggest arms manufacturer continues to expect an increase of 35% to 40% in sales, but said guidance could be upgraded if an expected surge in demand for military equipment was confirmed.

The shipping giant confirmed its full-year outlook even as it moderated expectations around global container demand this year as macroeconomic and geopolitical uncertainty increase.

The Danish company won’t continue the Hornsea 4 offshore wind project in the U.K. due to rising costs.