February, 2022

• 27 February

  Twitter pauses ads in Russia, Ukraine

  Bloomberg Twitter Inc said it suspended all advertising in Russia and Ukraine, seeking to ensure that promotional posts don’t detract from public safety information sent via the social network. The San Francisco-based company won’t show advertising in those markets, and also will curb tweet recommendations that appear in users’ timelines from accounts that they don’t already follow in an effort …

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• 25 February

  Oil pulls back from $100 amid report ‘Putin is open to talks’

  

    Bloomberg Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment. Brent futures rallied above $105 a barrel as Russia launched an attack on its neighbour, though prices subsequently retreated as it emerged that Western governments wouldn’t impose sanctions …

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• 25 February

  China’s Tencent unveils goal to run on 100% green energy by 2030

  

    Bloomberg Tencent Holdings Ltd is stepping up the use of renewable energy with a goal of zeroing out emissions by 2030, acknowledging the damage wrought by its data centers while heeding Beijing’s call to protect the environment. The Chinese social media and gaming giant plans to use all but renewable energy by the same timeframe and has already purchased …

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• 25 February

  British Airways owner IAG sees return to profit in Q2

  

  Bloomberg British Airways owner IAG SA said it should turn profitable from the second quarter, joining other European carriers in predicting a travel rebound in coming months. While IAG, which also owns Spain’s Iberia and Aer Lingus of Ireland, sees a “significant” loss this quarter, bookings are now running at 85% of pre-pandemic levels as concerns about the omicron variant …

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• 25 February

  Omicron costs Qantas Air $470mn in profit

  

    Bloomberg Qantas Airways Ltd said Omicron is delaying the airline’s recovery and eating into earnings, with international travel wallowing at less than half normal volumes for months to come. While demand has picked up since Australia’s border reopened this month, the impact of the fast-spreading Covid variant will cost Qantas A$650 million ($470 million) of operating profit in the …

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• 25 February

  Air Canada in talks to add Airbus A321s as coronavirus gloom lifts

  

    Bloomberg Air Canada is in talks with Airbus SE about adding longer-distance A321neo jets alongside its fleet of Boeing Co 737 narrowbodies as travel demand rebounds, people with knowledge of the matter said. The carrier is looking at ordering 10 to 20 aircraft, one of the people said. The negotiations are preliminary and may not lead to a deal, …

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• 25 February

  Home Depot falls most since 2020 as margins bogle investors

  

    Bloomberg Home Depot Inc shares fell the most in almost two years after fourth-quarter profitability missed Wall Street’s expectations amid supply-chain investments and higher costs. While sales remained robust for the home-improvement retailer, much of the growth appeared to be driven by higher prices as customer transactions declined and the cost of sales increased. Gross margin, a closely watched …

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• 25 February

  Rolls-Royce CEO East to step down

  Bloomberg Rolls-Royce Holdings CEO Warren East will step down at the end of this year, after leading the engine maker through a punishing period capped by the Covid-19 pandemic. The board will conduct a search for a successor for East, a former technology executive who struggled to make Rolls a more efficient operation even before the virus hit in 2020. The …

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• 25 February

  Ukraine row: US stock futures pare losses, oil prices steady

  

    Bloomberg US equity futures dropped as the Ukraine conflict and Western sanctions on Russia muddied the outlook for markets and the global economic recovery. Crude prices steadied after briefly halting a rally. Contacts on the S&P 500 were down about 0.3% after paring earlier declines of more than 1%. Oil fluctuated, with benchmark West Texas Intermediate flipping to a …

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• 25 February

  Russian stocks, ruble halt slide as traders digest key sanctions

  

  Bloomberg The ruble and stocks paused their historic slump as Western sanctions on Russia appeared less severe than some had expected. The benchmark MOEX index was up 15% after losing as much as 45% the day before in the wake of Russia’s attack on Ukraine. The ruble gained 2.1% against the dollar after sinking to a record low. Still, new …

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