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Key points (Q1 2025)Revenue: US$33.5 million (-7.7%)Operating profit: US$9.3 million (-12.8%)[SINGAPORE] Acrophyte Hospitality Trust’s revenue for the first quarter of 2025 fell 7.7 per cent to US$33.5 million, from US$36.2 million in Q1 2024. In a business update on Wednesday (May 7), the managers attributed this to an 8.3 per cent year-on-year reduction in portfolio size. The stapled group now operates 33 hotels across 17 states in the US. The managers also reported 12.8 per cent lower Q1 operating profit at US$9.3 million, from US$10.7 million in the previous corresponding period.Its net property income dropped 18.1 per cent to US$5.3 million,…
The New Zealand Defence Force currently operates eight SH-2G(I) Seasprite maritime helicopters. Credit: New Zealand Defence Force/New Zealand Government. New Zealand has allocated NZ$2bn ($1.19bn) to replace its SH-2G(I) Seasprite maritime helicopter fleet to enhance defensive and offensive capabilities and improve surveillance range of naval frigates. The new helicopters will have extended range and increased capacity for carrying weapons, personnel, and equipment. This funding is a portion of a larger NZ$12bn investment aimed at enhancing the capabilities of the nation’s defence forces over a four-year period. New Zealand Defence Minister Judith Collins said: “The replacement of the Seasprite helicopters will…
The San Francisco Giants made three offers to Shohei Ohtani, including a final proposal that president of baseball operations Farhan Zaidi called “very comparable if not identical” to the record $700 million, 10-year contract the Japanese two-way star agreed to with the rival Los Angeles Dodgers.Ohtani spent two hours with the Giants for a ballpark meeting with Zaidi, Greg Johnson, former catcher Buster Posey and new manager Bob Melvin on Dec. 2. Zaidi said San Francisco increased and adjusted its offers to meet Ohtani’s requests.”The proposal that was made was very comparable if not identical to what he wound up…
Most of BMW’s rivals, including Mercedes-Benz, Ford and Stellantis, have all pulled their 2025 forecastsPublished Wed, May 7, 2025 · 03:18 PM[FRANKFURT] German premium carmaker BMW on Wednesday (May 7) confirmed its 2025 outlook and said it expected some of US tariffs on car imports to decline from July, but warned the duties will have a “notable” second-quarter impact on its business.“The geopolitical and macroeconomic uncertainty has reached a level we have rarely seen before,” BMW’s chief financial officer Walter Mertl told journalists during a first-quarter earnings call, adding that the carmaker was “closely monitoring” the impact on consumer sentiment.Most…
macOS Sequoia has been available for compatible Macs since September 2024, but further updates to Sequoia are expected over the next few months, with the latest major update being macOS 15.4, which arrived on Monday, March 31. If you want to know what the new features are, whether you will be able to enjoy all of them, and if your Mac is even compatible with Sequoia, read on. We are also tracking any problems, the latest updates, and what’s new in the beta. The latest version of macOS is called Sequoia, named after the California National Park and, more specifically,…
LONDON :European online fashion retailer Zalando is using generative artificial intelligence to produce imagery faster for its app and website, it said on Wednesday, as AI shakes up the fashion industry and cuts costs.Zalando, which sells branded clothes, shoes, and accessories across 25 markets in Europe, is using AI to produce imagery quickly enough to respond to short-lived fashion trends spread on social media. It is also developing AI-generated “digital twins” of models to use in its marketing.”We are using AI to be able to be reactive,” Matthias Haase, vice president of content solutions at Zalando, told Reuters in an…
MADRID — Thousands of rail passengers in Spain were hit with delays after copper cables used in the signaling system of a high-speed line traveling south from Madrid to Seville were stolen at five locations, authorities said Monday. The theft, which happened late Sunday, affected dozens of trains traveling between Madrid and the southern Andalusian cities of Seville, Malaga and Granada as many people were returning home to Spain’s capital after a holiday weekend.Copper prices are high on global markets, meaning criminals stand to collect big sums of cash from selling the material.Transport Minister Oscar Puente said in an X…
Just a heads up, if you buy something through our links, we may get a small share of the sale. It’s one of the ways we keep the lights on here. Click here for more. On May 5, 2025, Microsoft officially shut down Skype, marking the end of an era for one of the internet’s first communication platforms. While the news may not have shocked those who had long moved on to newer apps like Zoom, FaceTime, or WhatsApp, it brings nostalgia among those who remember Skype’s boom. For many Millennials and Gen Z users, Skype was the first real…
Video Details The New York Knicks beat the Boston Celtics 108-105 in overtime in Game 1 of the Eastern Conference Semifinals. Craig Carton, Danny Parkins, Mark Schlereth, and Eddie House discuss the win and if the Knicks can go on to win the series. 14 HOURS AGO・breakfast ball・2:52
👉Listen to Politics At Sam And Anne’s on your podcast app👈Sky News’ Sam Coates and Politico’s Anne McElvoy preview how the day will play out in British politics. As the fallout continues to grow following the local elections, Keir Starmer faces a challenge to his plan for change from his own MPs – are things going to get worse for Labour, before they get better?And while Number 10 thought the India trade deal was going to be a good news story for them, Sam and Anne disagree on its value.