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Markets
Alphabet shares jump as Google Search advertising boosts growth
Alphabet shares jumped following strong quarterly earnings, as Google Search advertising delivered better-than-expected growth. Google Cloud, its key growth driver, also saw a sharp rise in profit as demand continued to outpace capacity.
Business
Trump claims China meeting despite Beijing denying trade talks
Trump insisted that a meeting with China had taken place regarding tariff negotiations, despite Beijing denying any such talks. Investors, however, saw signs of a de-escalation in the trade war, as global stock markets recovered most of the losses in April.
Europe
Trump says Russia made 'big concession' by not seizing all of Ukraine
Trump says he believes both Russia and Ukraine want peace, adding that he has his own deadline for ending the war, but warning that Washington’s attitude could drastically change if an agreement fails to materialise by then.
Business
Tesla earnings decline as anti-Elon Musk sentiment hampers sales
Tesla’s first-quarter automotive revenue dropped 20% year-on-year due to reduced deliveries affected by anti-Musk sentiment, factory retooling, and seasonal factors. The company also faces supply chain and cost challenges linked to the US–China trade war.
