February, 2023

• 25 February

  Solar industry faces whiplash from volatile material prices

  

    Bloomberg Even as solar power grows into one of the world’s largest sources of new energy, the industry behind it is facing unprecedented volatility as a battle for profits intensifies. The roller-coaster ride is best seen through the lens of polysilicon, the key material in solar panels. Prices fell more than 40% over the course of a few weeks ...

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• 25 February

  UK needs to raise ‘green finance game’ or may fall behind EU, US

  

    Bloomberg The UK needs to advance its green finance agenda or risk falling behind as rivals pursue ambitious regulatory and subsidy programs, according to an expert panel advising the government. The nation’s Green Technical Advisory Group (GTAG) said the government should provide clarity to investors on what a green investment is through a so-called taxonomy. The UK’s rules should ...

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• 25 February

  DOJ seeks Google sanctions over deleted texts in antitrust suit

  

    Bloomberg Alphabet Inc’s Google urged employees to discuss sensitive topics via chats that would be automatically deleted after 24 hours and the company should face penalties for failing to preserve records needed for an antitrust suit, Justice Department lawyers told a federal court. Google assured the government’s lawyers that it was maintaining all records starting in November 2019, according ...

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• 25 February

  United Launch Alliance delays Vulcan debut flight

    Bloomberg Space-launch company United Launch Alliance (ULA) delayed the debut flight of its next-generation rocket, Vulcan, by at least a month to early May. Vulcan will be ready by mid-April but the mission’s main payload, a lunar lander built by Astrobotic Technology, can only launch within short, specific time windows each month, the company said in a press conference. ...

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• 25 February

  Beyond Meat stock jumps on lower costs, higher-than-expected sales

  

    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 ...

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• 25 February

  Ericsson to slash 8% of its workforce

    Bloomberg Ericsson AB, one of the world’s biggest providers of 5G networking equipment, plans to cut 8,500 staff worldwide to reduce expenses after the market for its telecommunications gear stopped growing. The bulk of the cuts at the Swedish maker of mobile networks will take place during the first half of the year, although some will be in 2024, ...

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• 25 February

  Domino’s pizza delivery woes drag down Papa John’s shares

  

    Bloomberg Domino’s Pizza Inc tumbled the most in more than a decade as delivery woes and softening demand caused fourth-quarter sales to fall short of Wall Street expectations and led management to cut targets for revenue growth. Shares of the pizza chain fell 12%, the steepest slide since 2010, while Papa John’s International Inc, which also reported soft North ...

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• 24 February

  China’s ceasefire proposal for Ukraine falls flat with US, allies

  

  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 ...

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• 24 February

  Poland delivers four Leopard tanks to Kyiv at one-year mark

  

  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 ...

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• 24 February

  Lula intensifies Brazil diplomatic push for peace in Ukraine

  

  Bloomberg President Luiz Inácio Lula da Silva is intensifying his campaign to mediate an end to Russia’s war in Ukraine as he seeks to reinsert Brazil in the global political stage. Russian Deputy Foreign Minister Mikhail Galuzin was quoted by Russia’s Tass news agency as saying Moscow is studying Lula’s proposal to end the conflict as it continues to assess ...

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