Volkswagen’s ID.7 Electric Sedan Debuts

Richard “Richie” Lovato, 18, fatally shot in west Denver

The shooting death of a teenager in west Denver is being investigated as a homicide, police said.

The shooting happened about 11:30 p.m. Monday in the 1400 block of Meade Street, in the West Colfax area, police said.

The victim, identified by police as 18-year-old Richard “Richie” Lovato, was taken to a hospital where he died.

Anyone with information on the shooting is asked to call Metro Denver Crime Stoppers at 720-913-7867 (STOP).

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Santos Q1 Production Down 15%

Oil and gas producer Santos Ltd. (STOSF.PK,SSLTY.PK,STO.AX) reported that its first-quarter production declined about 15% to 22.2 million barrels of oil equivalent or mmboe from 26.0 mmboe in the same quarter last year. Total sales volume was 23.8 mmboe down 15% from 28.1 mmboe in the prior year.

Sales revenue for the first quarter declined to US$1.63 billion from US$1.89 billion in the prior year.

The company maintained its 2023 guidance. It still expects production to be in the range of 89 mmboe -96 mmboe and sales volumes of 90 mmboe – 100 mmboe.

Brambles 9-month Sales Revenue Up 9%; Upgrades FY Guidance

Brambles Ltd. (BXB.AX,BMBLF.PK), a pooling solutions company, reported that its sales revenue from continuing operations for the first nine months of the financial year ending 30 June 2023 were US$4.48 billion, representing an increase of 9% at actual FX rates on the prior corresponding period.

At constant FX rates, sales revenue growth of 15% reflected contributions from both current and prior-year pricing initiatives to recover cost-to-serve increases, including input-cost inflation and the impact of global supply chain dynamics, which have driven increased cycles times and pallet prices in all regions.

Group volumes were broadly in line with the prior year, despite pallet availability challenges in the first half.

Brambles has upgraded its fiscal year 2023 guidance.

For the year ended 30 June 2023, Brambles now expects sales revenue growth to be between 14% and 15% at constant currency compared to the previous guidance of 12%-14%.

The company now expects annual underlying profit growth to be in the range of 17%-19% at constant currency compared to the previous guidance of 15%-18%.

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Nokia Q1 Profit Climbs, Backs FY23 Outlook – Quick Facts

Finnish critical networks and communications company Nokia Corp. (NOK) reported Thursday that its first-quarter profit climbed 32 percent to 289 million euros from last year’s 219 million euros.

Earnings per share were 0.05 euro, up 25 percent from 0.04 euro a year ago.

Comparable profit was 342 million euros or 0.06 euro per share, compared to 416 million euros or 0.07 euro a year ago.

Net sales increased 10 percent to 5.86 billion euros from last year’s 5.35 billion euros. Net sales grew 9 percent year-over-year in constant currency.

The Board resolved to distribute a dividend of 0.03 euro per share. The dividend record date is on April 25 and the dividend will be paid on May 4.

Looking ahead for fiscal 2023, the company maintained its outlook in constant currency. Full-year net sales would be 24.6 billion euros to 26.2 billion euros, a growth of 2 percent to 8 percent growth in constant currency.

Comparable operating margin guidance remains at 11.5 percent to 14.0 percent.

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Trong Foods Recalls Madras Curry Powder For Undeclared Peanuts

Santa Ana, California-based Trong Foods International is recalling Madras Curry Powder as they may contain undeclared peanuts, a known allergen, the U.S. Food and Drug Administration said.

The recall involves 4 ounce bottles, 16 ounce bottles, and 4 ounce bags of “Madras Curry Powder” (CA RI NI AN DO “KIM TU THAP”).

The 4 ounce bottle bears UPC code 3960600152, the 16 ounce bottle UPC Code 3960600154, and the 4 ounce bag UPC Code 3960600154. All three packages subject to the recall are labeled BEST BY 05052026TF.

The recalled items were distributed within New York State in retail stores and through mail orders and possibly in Maryland, New Jersey, and California.

The recall was initiated after routine sampling by New York State Department of Agriculture and Markets Food Inspectors and subsequent analysis by Food Laboratory personnel revealed the peanut-containing product was distributed in packages that did not reveal the presence of peanuts.

People who have allergies to peanuts may get serious or life-threatening allergic reaction if they consume these products.

However, the company has not received any reports of illnesses related to the recalled items to date.

Consumers who have purchased the affected products are urged to return them to the place of purchase for a full refund.

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Volkswagen’s ID.7 Electric Sedan Debuts

On Monday, April 17, 2023, Volkswagen unveiled its new ID.7 electric sedan in Berlin.

The German carmaker is expanding its lineup of electric cars as it transitions away from the combustion engine.

Some glimpses from ID.7’s debut:











Photographs curated by Manisha Kotian/
Feature Presentation: Aslam Hunani/