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Olympics-Beijing closes curtain on ‘closed loop’ Games
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Airbus restarts dividend after sharply higher profits
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UK seven-day COVID-19 infections down nearly 27% on week before
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WHO recommends seven day quarantine for COVID-19 exposed after negative test
Profit at Portugal’s biggest utility down 18% on one-off costs
Date: February 18, 2022
By Sergio Goncalves LISBON (Reuters) -Portugal’s largest utility, EDP-Energias de Portugal, on Thursday reported an 18% drop in 2021 net profit to 657 million euros ($747 million) due mainly to one-off costs, including impairments on thermal assets in Iberia. It said such non-recurring negative effects totalled 169 million euros. Its recurring net profit rose 6%...
Gold jumps, stocks slide on Ukraine tensions mount
Date: February 18, 2022
By Herbert Lash NEW YORK (Reuters) – Gold prices jumped to an eight-month high and safe-haven debt rose on Thursday after U.S. President Joe Biden said there was every indication Russia planned to attack Ukraine, while Moscow accused Washington of ignoring its security demands. A gauge of global equities fell more than 1% despite strong...
‘Assassin’s Creed’ maker Ubisoft sees FY results at lower end of guidance
Date: February 18, 2022
By Valentine Baldassari (Reuters) -Ubisoft, the maker of the blockbuster “Assassin’s Creed” video game franchise, said on Thursday it expected to post full-year results at the lower end of its guidance despite seeing growth in its current fourth quarter. “We can still achieve the high side of (the guidance) because we have a lot of...
Worker shortage jeopardises Spain’s EU-funded recovery plan
Date: February 17, 2022
By Corina Pons and Belén Carreño MADRID (Reuters) – When Spain’s decade-long housing boom spectacularly bust in 2008, some 1.8 million jobs vanished and a nation littered with cranes and building sites slid into brutal recession. Now those construction workers are urgently needed back: an unprecedented labour shortage is jeopardising multi-billion euro building and renovation...
Exclusive-Biden to seek more than $770 billion in 2023 defense budget, sources say
Date: February 17, 2022
By Mike Stone WASHINGTON (Reuters) -President Joe Biden is expected to ask Congress for a U.S. defense budget exceeding $770 billion for the next fiscal year as the Pentagon seeks to modernize the military, according to three sources familiar with the negotiations, eclipsing the record budget requests by former President Donald Trump. Ongoing budget talks...
UK foreign minister to visit Ukraine, tells Russia to end military buildup
Date: February 17, 2022
LONDON (Reuters) – British foreign minister Liz Truss will reaffirm support for Ukrainian sovereignty on a trip to Kyiv this week as part of efforts to deter a possible Russian invasion, urging Moscow to end its military buildup along the border. The United States and NATO said on Wednesday that Russia was still building up...