Ukraine Q1 GDP shrinks 0.5% year-on-year, statistics service says
May 5 (Reuters) - Ukraine's economy shrank 0.5% year-on-year in real terms in the first quarter of 2026, the statistics service said on Tuesday. Gross domestic product was down 0.7% compared with the fourth quarter, it added. The Ukrainian economy co...
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Cummins raises revenue outlook on robust power generation demand
May 5 - Cummins lifted its annual revenue growth forecast on Tuesday, supported by resilient demand for its power-generation equipment and expectations from improving North America on-highway vehicles markets. Shares of the U.S. truck engine maker we...
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US not looking for a fight with temporary operation to protect ships from Iran, Pentagon chief says
WASHINGTON, May 5 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Tuesday that a U.S. operation to protect commercial ships from Iran in the Strait of Hormuz is temporary and Washington is not looking for a fight. "Project Freedom is defensi...
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Novartis to cut 220 jobs as it closes German site
May 5 (Reuters) - Swiss drugmaker Novartis said on Tuesday that it is set to cut around 220 jobs in Germany as part of the planned closure of a production site by the end of 2028. The production site in Wehr, Germany, which manufactured ta...
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Huntington Ingalls posts lower quarterly margin as costs weigh
May 5 (Reuters) - U.S. military shipbuilder Huntington Ingalls posted a lower first-quarter operating margin on Tuesday, hurt by higher costs amid inflation and volatility in global trade. Shares of the company were down nearly 3% in premarket tradin...
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