2019.05.30

News Headlines - 30 May 2019

Uber’s First Earnings Report After I.P.O.: $1 Billion Loss - The New York Times

In its first earnings report since listing its shares on the stock market this month, the ride-hailing giant on Thursday reported its slowest growth in years and steep losses for the first three months of 2019.
Uber’s loss totaled more than $1 billion for the quarter, compared with a profit a year ago that was driven by divestitures. Revenue rose 20 percent to $3.1 billion, slower than the 25 percent annual growth it had recorded in the prior quarter. It was the company’s lowest quarterly growth rate since it began disclosing its results in 2017.

MUFG offers all London managing directors redundancy - Financial News

Mitsubishi UFJ Financial Group has offered all of its 500 directors and managing directors in London voluntary redundancy as part of an initiative being overseen by John Winter, who only arrived to run its European securities business five weeks ago.
A spokeswoman for the Japanese bank confirmed those managers leading both back- and front-office teams were informed of the move on May 30. Those who do not take redundancy will have to wait until the summer to discover whether or not they will remain at the bank.

Japan to buy 105 F-35 U.S. stealth warplanes: Trump - Japan Today

Japan plans to buy 105 U.S.-made stealth warplanes, Donald Trump said on Monday, which the U.S. President said would give Tokyo the largest F35 fleet of any US ally... Trump appeared to be referencing a deal first announced by the F35's manufacturer, Lockheed Martin, in December.
Japan's government announced in its latest defense budget in December plans to buy 105 units of the F35A, which performs conventional take-off and landings.
Local media said at the time that the purchases could total more than one trillion yen ($9.1 billion).

White House Wanted USS John McCain ‘Out of Sight’ During Trump Japan Visit - WSJ

The White House wanted the U.S. Navy to move “out of sight” the warship USS John S. McCain ahead of President Trump’s visit to Japan, according to an email reviewed by The Wall Street Journal.
The ship was named after the father and grandfather of the late senator-a war hero who became a frequent target of Mr. Trump’s ire-and the senator’s name was added to the ship in 2018.

Hungary boat capsizes: Seven South Koreans die on Danube - BBC News

Thirty South Korean tourists and three tour guides, as well as two Hungarian crew, were on the tour boat when it collided with another vessel.
The incident occurred just after 21:00 local time (19:00 GMT) on Wednesday.
Seven people have been rescued, and a massive search operation is continuing on a river swollen by heavy rainfall.

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