February, 2023

• 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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• 24 February

  Race to replace Scottish leader Sturgeon tightens

  

  Bloomberg The race to succeed Scottish First Minister Nicola Sturgeon tightened, the health service and where to go next in the push to break away from the rest of the UK. As nominations closed for the post of Scottish National Party leader, bookmakers continued to make Health Secretary Humza Yousaf the favourite. But his closest rival, Kate Forbes, who is ...

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• 24 February

  UK’s junior doctors to strike next month for more pay

  

    Bloomberg Junior doctors in England will walk out for three consecutive days next month after voting overwhelmingly to take industrial action over pay, claiming the government has refused to engage. The British Medical Association (BMA) said trainee doctors will not report for work starting from March 13 as they push for a higher than 2% raise for the current ...

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• 24 February

  Deutsche Bank studied Credit Suisse deals before overhaul

  

  Bloomberg Deutsche Bank AG looked at buying parts of Credit Suisse Group AG assets as recently as last fall after the Swiss firm became engulfed by a series of scandals and financial hits, according to people with knowledge of the matter. The German lender analysed individual businesses such as the Swiss firm’s asset management and wealth management units, people familiar ...

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• 24 February

  Goldman discloses probe into its credit-card unit

  

    Bloomberg Goldman Sachs Group Inc said that investigations and inquiries into its credit-card business has expanded beyond the Consumer Financial Protection Bureau (CFPB) to include other government agencies. The bank, which has card tie-ups with Apple Inc and General Motors Co, made the disclosure in a regulatory filing. It had said last year that the CFPB is looking into ...

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• 24 February

  Market signals point to rand’s revival after weeks of losses

  

    Bloomberg South Africa’s rand is on track for a sixth consecutive week of declines versus the dollar — but there are indications the selloff may be about to ease. One of this year’s worst emerging-market performers, the rand has carried a heavy risk premium amid concerns about the nation’s growth as state-owned power company Eskom Holdings SOC Ltd deploys ...

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• 24 February

  Fed may need to hike to 6.5% to cool prices, says new study

    Bloomberg Federal Reserve officials may need to raise interest rates as high as 6.5% to defeat inflation, according to new research that was sharply critical of the central bank’s initially slow response to rising prices. In a paper presented at a conference in New York, a quintet of Wall Street economists and academics argue that policymakers still have an ...

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