The German logistics group said it made a quarterly net profit of 911 million euros ($1 billion) compared with EUR1.35 billion in the year-earlier period, on revenue that declined 7.4% to EUR20.92 billion.
Ukraine Seeks to Bolster Air Defenses After Russian Missile Barrages
Ukrainian President Volodymyr Zelensky said further steps were being taken to shield the country's skies after Russia killed scores of people in two deadly missile barrages, seeking to weaken Ukraine ahead of a planned offensive to retake territories occupied by Moscow.
Ukraine's air defenses responded to the two deadly Russian missile barrages over the past week by shooting down all but five of the 41 missiles.
Gaza Militants Fire Rockets at Israel After Palestinian Hunger Striker Dies
TEL AVIV-Militants in Gaza fired a barrage of rockets at Israel on Tuesday after the death of a Palestinian on hunger strike in Israeli custody, raising fears of an escalation during a particularly violent period between the two sides.
Late Tuesday night, Israel's military said it struck targets in Gaza in response to the rocket attack. The airstrikes sparked another round of militant rocket launches toward Israeli cities near the blockaded Palestinian enclave. No deaths were immediately reported on either side.
GLOBAL NEWS
With Fed Set to Raise Rates, Executives Watch Consumers for Signs of Stress
Executives are watching the Federal Reserve's latest policy meeting for clues on its inflation-fighting campaign and the potential for a so-called hard landing that could cramp consumer spending on everything from airline tickets and cars to furniture and snacks.
The Fed this week is on track to increase interest rates by a quarter percentage point while deliberating whether that will be enough to then pause the fastest rate-raising cycle in four decades. The central bank's benchmark rate stands at a range between 4.75% and 5%, and another quarter-point increase at the meeting that concludes Wednesday would lift it to a 16-year high.
What Another Fed Rate Increase Means if You Want to Buy a House
Home buyers dreading another rate increase by the Federal Reserve on Wednesday can take heart: The move is probably already priced into current mortgage rates.
The Fed is expected to raise interest rates another quarter-percentage point, lifting the benchmark federal-funds rate to a 16-year high as part of its continuing campaign to stamp out inflation. The Fed doesn't set mortgage rates, but rate increases push up the yield on the Treasury note higher, which in turn pushes up the cost of a mortgage.
Warren Buffett's 'Secret Sauce' Involves One of Investing's Most Basic Strategies
What has made Warren Buffett's stock portfolio so successful over time?
One answer is an uncanny knack for picking good businesses. Another, according to Mr. Buffett, is something more understated: an appreciation of dividend-paying stocks.
House Democrats Try to Force Vote on Debt Ceiling
WASHINGTON-House Democrats took a step Tuesday toward trying to force a vote on a debt-ceiling increase if they can win over some Republicans, as GOP leaders and the White House remained in a standoff with just weeks to go until the U.S. faces a possible default.
Democrats said they would seek to use a discharge petition, which allows a majority of House lawmakers to bring a bill directly to the floor without the cooperation of leadership. But it is time-consuming and rarely successful, and Democrats earlier this year said they had shelved the idea as too difficult.
On Biden's Second-Term Agenda: Unmet Goals From His First Term
WASHINGTON-President Biden wants American voters to give him another four years in office to "finish the job"-a signal that his second-term agenda would be driven largely by efforts to reach policy goals left undone in his first term.
Mr. Biden still has 18 months before the election to unveil some new proposals. And he won't be the only one on the ballot in November 2024-both the House and Senate majorities will be at stake, and the fate of much of Mr. Biden's agenda would depend on whether Republicans again end up in control of one or both chambers of Congress. A second Biden administration would also spend significant time continuing to implement the big-ticket bills passed in his first term.
Biden to Send 1,500 Troops to Mexican Border as Fears of Migrant Surge Grow
WASHINGTON-President Biden is sending 1,500 active-duty troops to the southern border, while cities across the country are declaring states of emergency and asking for federal support as the country prepares for a surge of migration expected to accompany the lifting of Title 42 border restrictions next week.
A large number of migrants have already been illegally entering El Paso, Texas, in recent days. Hundreds unable to find spots in shelters gathered in the past few days around downtown churches in the border city looking for help, according to photos and videos of the scene.
World Press Freedom Day Is Marked by Rising Threats Against Reporters
On the 30th World Press Freedom Day, journalists are set to discuss solutions on how to report in countries where press freedoms are eroding.
The number of journalists imprisoned worldwide has reached a 30-year high as of the end of last year, according to the Committee to Protect Journalists.
Lawmakers Grapple Over Whether Supreme Court Needs an Ethics Code
WASHINGTON-Senate Democrats on Tuesday faulted the Supreme Court's ethics rules following news reports that Justice Clarence Thomas accepted luxury vacations from and sold real estate to a billionaire friend, as Republicans said that scrutiny of the justices was grounded in the court's conservative supermajority overturning precedents such as Roe v. Wade.
The forum was the Senate Judiciary Committee, where Chairman Richard Durbin (D., Ill.) moved ahead with a hearing on Supreme Court ethics even after Chief Justice John Roberts declined an invitation to testify. The chief justice instead sent a statement signed by all nine justices saying that while they have no binding code of conduct or internal compliance office, they nonetheless "follow the same general principles and statutory standards as other federal judges."
CEOs of Microsoft, Alphabet called to AI meeting at White House: reports
Vice President Kamala Harris will reportedly host the chief executives of Alphabet GOOG GOOGL, Microsoft MSFT, OpenAI and Anthropic at the White House on Thursday to discuss artificial-intelligence issues.
Reuters and CNBC reported Tuesday that Harris seeks a "frank discussion" of the risks and ethics in developing AI technology, and "other ways we can work together to ensure the American people benefit from advances in AI while being protected from its harms."
Write to ina.kreutz@wsj.com
Write to us at newsletters@dowjones.com
We offer an enhanced version of this briefing that is optimized for viewing on mobile devices and sent directly to your email inbox. If you would like to sign up, please go to https://newsplus.wsj.com/subscriptions.
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
05-03-23 0618ET
