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  Bloomberg Beyond Meat Inc surged in late trading after reporting fourth-quarter sales that exceeded expectations and the plant-based meat maker showed progress towards its goal of becoming profitable. Fourth-quarter revenue of $79.9 million was above the average estimate of $75.7 million compiled by Bloomberg. It surpassed expectations in US sales to retailers and restaurants, as well as in international ...

Bloomberg China called for a ceasefire between Russia and Ukraine in a position paper on ending the war that offered some reprieve to Moscow but was quickly dismissed by Kyiv’s allies as the conflict enters its second year. Several of the 12 points outlined by China in the document would, if carried out, offer clear benefits to Russian President Vladimir ...

Bloomberg Poland sent its first four Leopard 2A4 battle tanks to Ukraine, a symbolic gesture to mark one year since Russia’s invasion as western allies rush to arm the embattled nation’s forces amid intensified Kremlin-ordered attacks. Prime Minister Mateusz Morawiecki announced during a visit to Kyiv that the delivery of the remaining batch of its 14 German-made combat vehicles will ...

  Abu Dhabi / WAM Adnoc Gas on Thursday announced the offer price range and the opening of the subscription period for its IPO on the Abu Dhabi Securities Exchange (ADX). The price range for the offering has been set between AED2.25 to AED2.43 per share, implying an equity value of $47.0 billion to $50.8 billion (AED172.7 billion to AED186.5 ...

  Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said that the UAE-Azerbaijan economic and trade relations are witnessing steady development, noting that the value of their non-oil trade increased by over three times during the past five years. In a statement to the Emirates News Agency (WAM), Al Zeyoudi stated that ...

LATAKIA / WAM The UAE medical delegation, headed by Dr Salem Alfalasi, made a field tour and inspected the Martyr Major General Hamza Nofal National Hospital, the AlBasel Heart Hospital and the Maternity and Children Hospital in Latakia Governorate, Syria. During the visit, which is part of operation “Chivalrous Knight / 2”, the delegation was received by Dr. Hawazen Makhlouf, ...

  Dubai / WAM Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business groups within the F&B industry for HORECA traders, meat and poultry, bakeries, organic food, groceries as well as hypermarkets and supermarkets sectors. “We are on track to reach our goal of setting up 100 business groups by March 2023. ...

Bloomberg Taiwan will offer 500,000 tourists a cash or discount incentive this year as it tries to shore up its post-pandemic travel industry and boost spending. The incentives, worth NT$5,000 ($165) each, were announced as part of a NT$5.3 billion package to attract international tourists. The total value of the perks comes to NT$2.5 billion ($82.4 million). A spokesperson for ...

  Bloomberg Data centre operator GDS Holdings Ltd is considering selling a minority stake in its international business for about $300 million to $400 million to a strategic partner, according to people familiar with the matter. The Shanghai-based digital infrastructure company is working with an adviser and is weighing selling about a 30% to 40% stake in the assets, the ...

  Bloomberg Singapore’s core inflation, the gauge closely-watched by the central bank, rose to a 14-year high, even after the central bank has tightened policy five times since October 2021. The measure, which excludes private transport and accommodation, rose 5.5% in January from a year earlier, the fastest pace since November 2008 according to a statement. That compares with a ...