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Lebanese Minister: Israeli Strike Closes Off Road Used to Flee Lebanon to Syria

Masnaa border crossing between Lebanon and Syria, Lebanon November 1, 2018. Picture taken November 1, 2018. REUTERS/Jamal Saidi
Masnaa border crossing between Lebanon and Syria, Lebanon November 1, 2018. Picture taken November 1, 2018. REUTERS/Jamal Saidi
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Lebanese Minister: Israeli Strike Closes Off Road Used to Flee Lebanon to Syria

Masnaa border crossing between Lebanon and Syria, Lebanon November 1, 2018. Picture taken November 1, 2018. REUTERS/Jamal Saidi
Masnaa border crossing between Lebanon and Syria, Lebanon November 1, 2018. Picture taken November 1, 2018. REUTERS/Jamal Saidi

An Israeli strike on Friday morning near Lebanon's Masnaa border crossing with Syria cut off a road used by hundreds of thousands of people to flee Israeli bombardments in recent days, Lebanon Transport Minister Ali Hamieh told Reuters.
Hamieh said the strike hit inside Lebanese territory near the border crossing, creating a four-meter (12 feet) wide crater.
An Israeli military spokesman had accused Lebanese armed group Hezbollah on Thursday of using the crossing to transport military equipment into Lebanon.
Israel “will not allow the smuggling of these weapons and will not hesitate to act if forced to do so, as it has done throughout this war," Israeli army spokesman Avichay Adraee said on X.
Hamieh had said at a press conference on Thursday that the crossing was subject to the authority of the Lebanese state.
According to Lebanese government statistics, more than 300,000 people - a vast majority of them Syrian - had crossed from Lebanon into Syria over the last 10 days to escape escalating Israeli bombardment.

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Fashion

Estee Lauder Beats Quarterly Sales Estimates, to Cut More Jobs

Estee Lauder beat Wall Street estimates for third-quarter sales on Friday. (Getty Images via AFP)
Estee Lauder beat Wall Street estimates for third-quarter sales on Friday. (Getty Images via AFP)
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Estee Lauder Beats Quarterly Sales Estimates, to Cut More Jobs

Estee Lauder beat Wall Street estimates for third-quarter sales on Friday. (Getty Images via AFP)
Estee Lauder beat Wall Street estimates for third-quarter sales on Friday. (Getty Images via AFP)

Cosmetics maker Estee Lauder beat Wall Street estimates for third-quarter sales on Friday, driven by improving sales in China ‌and Europe ‌as CEO ‌Stephane ⁠de La Faverie's turnaround ⁠plan takes hold, sending its shares up 16% premarket.

The company, which has ⁠been in talks ‌to ‌merge with Jean ‌Paul Gaultier-owner Puig, posted ‌quarterly sales of $3.71 billion, compared with analysts' estimates of $3.69 billion, according to ‌data compiled by LSEG.

The company ⁠also ⁠revised its job cut target to a range of 9,000 to 10,000 from the previously estimated range of 5,800 to 7,000.

World

US Navy Turns to AI Firm Domino for Options to Counter Iranian Mines

Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. REUTERS/Stringer
Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. REUTERS/Stringer
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US Navy Turns to AI Firm Domino for Options to Counter Iranian Mines

Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. REUTERS/Stringer
Ships and boats in the Strait of Hormuz, Musandam, Oman, May 1, 2026. REUTERS/Stringer

The US Navy is ramping up its AI capabilities to hunt for Iranian mines in the Strait of Hormuz, one of the world's most critical shipping lanes, a recently awarded contract shows.

President Donald Trump has said the US Navy is clearing Iranian mines from the strait, a vital sea route for oil shipments, whose disruption is increasingly threatening the global economy.

Sweeping for underwater explosives could take months despite a tenuous ceasefire between the US and ⁠Iran in their weeks-long ⁠war.

The up to $100 million contract for the San Francisco artificial intelligence company Domino Data Lab could quicken this process with software that can teach underwater drones to identify new types of mines in a matter of days.

"Mine-hunting used to be a job for ships," Thomas Robinson, Domino's chief operating officer, said in an interview with Reuters. "It's becoming a job for AI.

⁠The Navy is paying for the platform that lets it train, govern, and field that AI at a speed required for contested waters that block global trade and imperil sailors."

Last week, the US Navy awarded the up to $99.7 million contract to expand Domino's role as the AI backbone of the Navy's Project AMMO - Accelerated Machine Learning for Maritime Operations - a program to make underwater mine detection faster, more accurate, and less dependent on human sailors.

The software integrates data from multiple sensor types, including side-scan sonar and visual imaging systems, and allows the Navy to monitor how well various AI ⁠detection models ⁠are performing in the field, identify failures, and push corrections to improve performance.

The core of Domino's pitch - and the Navy's wager - is speed. Before the company's involvement, updating the AI models that power the Navy's unmanned underwater vehicles (UUVs) to recognize new or previously unseen mines could take up to six months. Domino says it has cut that cycle to days.

Robinson illustrated the relevance to the Middle East crisis: "If there were UUVs in the Baltic Sea trained on Russian mines, and then they needed to be deployed to the Strait of Hormuz to detect Iranian mines, with Domino's technology, the Navy could be ready in a week rather than a year."

A Navy spokesman was not immediately able to provide comment.

Technology

Apple Shares Rise on Strong Quarterly Sales in Run-up to CEO Change

The Apple logo is seen at an Apple store in the Barton Creek Square mall on April 30, 2026 in Austin, Texas. (Getty Images via AFP)
The Apple logo is seen at an Apple store in the Barton Creek Square mall on April 30, 2026 in Austin, Texas. (Getty Images via AFP)
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Apple Shares Rise on Strong Quarterly Sales in Run-up to CEO Change

The Apple logo is seen at an Apple store in the Barton Creek Square mall on April 30, 2026 in Austin, Texas. (Getty Images via AFP)
The Apple logo is seen at an Apple store in the Barton Creek Square mall on April 30, 2026 in Austin, Texas. (Getty Images via AFP)

Apple shares jumped 3% in premarket trading ‌on Friday after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as it prepares to hand over the reins to a new CEO.

Its latest iPhone 17 Pro series and the newly launched low-cost MacBook Neo laptop are both drawing buyers at a time of low overall demand in the consumer electronics industry due to price hikes forced by the memory chip shortage.

Even though Apple's margins for the January-March quarter and its fiscal third-quarter forecast were above Wall Street estimates, outgoing CEO Tim Cook warned that ‌higher memory costs would ‌increasingly weigh on the business from June.

Limited ‌supply ⁠of the advanced ⁠processors for iPhone have already hampered Apple's ability to capitalize on strong demand. The chips are made by Taiwan's TSMC, the leading producer of AI processors.

Analysts say Apple's clout with long-time suppliers could position it better than rivals in securing memory chips but it might have to raise prices later this year.

"The key question will be deciding the perfect balance strategically ⁠between increasing prices and maintaining profitability or focusing on ‌gaining share by not increasing prices," said ‌Nabila Popal, a senior research director at IDC.

"I think Apple will increase ‌prices of the Pro and ProMax in upcoming fall launch, however ‌even if they don't, with the super high-end iPhone fold coming up - which we expect to be well over $2,200– will help balance some of the increased costs."

RESULTS BODE WELL FOR NEW CEO

The results, including a forecast of ‌14% to 17% sales growth for the current quarter that was above estimates, bode well for the company ⁠before hardware ⁠chief John Ternus takes over as CEO in September. Cook will stay on as executive chairman.

The change comes as Apple looks to close the gap with rivals Microsoft and Alphabet, which have moved faster to roll out AI features and infrastructure.

Investors are expected to get more details about its AI plans at it annual software developer conference in June.

Some analysts said Apple's decision to no longer aim to bring its net cash - cash minus debt - to a net neutral position may help it manage its financial position better in the AI era.

The move gives it greater balance-sheet flexibility, allowing it to absorb higher costs, support share repurchases and deploy capital more strategically, TD Cowen analysts said.