February, 2022

• 14 February

  Twitter gains as ad revenue holds up

    Bloomberg Twitter Inc’s sales jumped 22% in the fourth quarter, signalling that the social network’s digital advertising business has held up even as changes to Apple Inc.’s data-collection rules hurt some larger rivals. Sales in the holiday quarter rose to $1.57 billion, compared with $1.58 billion analysts had predicted. Revenue in the current period will be $1.17 billion to …

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• 12 February

  Green fuels to replace diesel from Indian farms by 2024

  

    Bloomberg India, the world’s third-biggest energy consumer and a top grower of grains and sugar, targets to end the use of diesel in the farming sector in less than three years. The nation will focus on renewable fuels to achieve its aim of zero diesel use in agriculture by 2024, according to a government statement. India is working toward …

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• 12 February

  Denmark agrees to energy subsidies for poorest households

  

    Bloomberg Denmark’s government will pay a subsidy totaling 1 billion kroner ($153 million) to some of the country’s poorest households in compensation for higher energy costs. Under the Social Democrat minority cabinet’s deal with support from leftist parties, the Nordic country will pay the one-time subsidy to about 320,000 households with an annual income below 550,000 kroner to help …

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• 12 February

  South Africa to open power grid to competition

  

    Bloomberg South Africa published proposed changes to the electricity regulation act that will facilitate the opening of the national power grid to private generators. State-owned Eskom Holdings SOC Ltd. has been the dominant supplier of power to Africa’s most industrialized economy for nearly a century, but its inability to meet demand from its poorly maintained coal-fired plants has resulted …

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• 12 February

  Hong Kong extends flight ban as virus cases top 1,000 again

  

    Bloomberg Hong Kong reported another record number of coronavirus cases, as well as two more deaths, with the worsening outbreak straining health-care resources and ramping up pressure on the government’s steadfast push for Covid Zero. Authorities announced 1,325 infections on Friday, alongside more than 1,500 preliminary positive cases. That’s up from just 614 on Monday. The city said it …

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• 12 February

  Gatwick Airport to reopen second terminal in March

  

    Bloomberg London’s Gatwick Airport will reopen its second terminal as easing Covid-19 restrictions give airlines confidence to add flights amid a budding travel rebound. The south terminal, mothballed nearly two years ago to cut costs, will help meet expected strong demand this summer, Gatwick said in an emailed statement. It will open on March 27, three weeks before Easter, …

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• 12 February

  Ryanair CEO Michael O’Leary sees ‘dramatic’ jump in ticket bookings

  

    Bloomberg Ryanair Holdings Plc has seen a “dramatic recovery” in bookings over the past two weeks as the easing of pandemic travel curbs across Europe encourages people to fly again. The Irish low-cost carrier’s planes are flying about 75% full and could reach 90% of capacity by the peak of the summer high season, Chief Executive Officer Michael O’Leary …

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• 12 February

  Frontier-Spirit Air deal expands Franke’s sphere in discounting

  

    Bloomberg Frontier Group Holdings Inc.’s planned $2.9 billion purchase of Spirit Airlines Inc., positions Bill Franke, the self-proclaimed father of ultradiscounting, to expand his global network of carriers that offer bargain-basement fares while maintaining a laser focus on low costs. The deal comes as the industry’s recovery from the Covid-19 pandemic leans on domestic markets and leisure travelers —the …

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• 12 February

  Italian piazzas go dark as energy bills bite

    Bloomberg Thousands of Italian cities shut off power at some of their biggest tourist attractions to protest spiraling energy costs. Municipal authorities from across the political spectrum banded together to highlight their call for 550 million euros ($627 million) in energy-cost relief from the government, as gas and electricity bills have risen by more than 30% this year. Italy …

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• 12 February

  Stocks, futures extend losses; sovereign bond selloff eases

  

    Bloomberg Stocks extended declines on Friday along with American index futures as red-hot US inflation stoked bets on faster Federal Reserve interest-rate hikes amid febrile speculation about the monetary-policy outlook. The Stoxx Europe 600 index dropped more than 1%, with technology and real-estate shares leading the decline. Carmakers outperformed after strong results from Mercedes-Benz AG. The benchmark remains on …

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