DUBAI (Reuters) -China, Russia and Iran will hold joint naval drills on Friday, a public relations official from Iran’s armed forces told semi-official ISNA news agency on Thursday. The “2022 Marine Security Belt” exercise will take place in the north of the Indian Ocean and is the third joint naval drill between the three countries, …
Trilateral naval drills between China, Russia and Iran start on Friday Read More »
By James Davey LONDON (Reuters) -Associated British Foods said on Thursday the lifting of COVID-19 restrictions in England had boosted prospects for its Primark clothing business after December sales were dented by the rapid spread of the Omicron coronavirus variant. The group said Omicron had interrupted an improving trend in Primark’s customer numbers but it …
Primark sees improving UK outlook after Omicron dented Christmas Read More »
BENGALURU (Reuters) -India’s blue-chip stock indexes saw hefty losses for a third straight session on Thursday as inflation and policy tightening fears continued to pressure technology stocks, while heavyweight Bajaj Finserv dropped after reporting a lower quarterly profit. The blue-chip NSE Nifty 50 index ended 1.01% lower at 17,757 and the S&P BSE Sensex fell …
Indian shares tumble on declines in tech firms, Bajaj Finserv Read More »
WASHINGTON (Reuters) – The transition to clean energy required to prevent temperatures from rising swiftly could shave 2% off global GDP by 2050 but is likely recoverable before the end of the century, a report by natural resources consultancy Wood Mackenzie said on Thursday. While investments in technologies like solar and wind farms, advanced batteries …
Global energy transition to cause short-term economic pain -report Read More »
By Eric M. Johnson and Tim Hepher SEATTLE/PARIS (Reuters) – Boeing Co’s steady climb out of successive crises – among the worst in U.S. corporate history – gained momentum last week when it won the 2021 jet order race https://www.reuters.com/business/aerospace-defense/boeing-wins-annual-jet-order-race-adjusted-basis-2022-01-11 against rival Airbus SE on an adjusted basis with a 737 MAX sales blitz. But …
Boeing recovery sidetracked by regulatory tussles on big jets Read More »
By Sachin Ravikumar (Reuters) -British gambling firm Entain’s online betting revenue fell in the fourth quarter after nearly six years of double-digit growth, though activity at its shops bounced back as COVID restrictions were lifted, it said on Thursday. Entain, which owns Ladbrokes and Coral betting shops and the bwin and partypoker online brands, also …
Entain’s online gambling growth slows but betting shops rebound Read More »
BERLIN (Reuters) – German sportswear maker Puma reported stronger-than-expected preliminary quarterly sales and core profit on Thursday, as strong global demand helped offset the effects of the COVID-19 pandemic and supply chain constraints. Puma had previously warned supply bottlenecks and manufacturing disruptions would mean a shortage of products well into 2022. Factories in Vietnam, a …
Puma tops quarterly forecasts despite supply chain problems Read More »
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) – President Joe Biden and congressional Democrats suffered twin legislative defeats late on Wednesday in their push to toughen voting rights protections in the run-up to this November’s mid-term elections that will determine control of Congress in 2023. In back-to-back votes late on Wednesday, Senate Republicans first …
U.S. Senate Democrats fail in bid to pass voting rights bill Read More »
By Muhammed Husain (Reuters) -Premier Foods, the maker of Mr Kipling and Cadbury cakes, said on Thursday its annual profits would surpass market expectations after a stellar holiday season that saw households splurge on its cakes, sauces and other sweet treats in family gatherings. Shares of the London-listed company rose 6.7% in early trade after …
Exceedingly good Christmas for Mr Kipling cakes spurs Premier Foods’ outlook Read More »
By Clare Jim HONG KONG (Reuters) -Stocks and bonds of Chinese property developers stretched their gains into Thursday on hopes a slew of recent government measures would help ease a funding squeeze in the embattled sector, even as another developer warned of default. Beijing unexpectedly lowered borrowing costs on its medium-term loans for the first …
China property shares, bonds rally on hopes govt measures will aid liquidity Read More »
