February, 2022

• 14 February

  UK Conservatives have a bigger problem than PM

    When, not if, has been the growing consensus on Boris Johnson’s departure as prime minister. He’s unpopular, untrusted and no longer seen as an authority — a man in office but only barely in power. His former aide and now arch-enemy Dominic Cummings has hinted that there are more damaging party pictures and other kompromat to emerge. And the ...

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• 14 February

  Boeing not to rush process of resuming 787 deliveries

  

    Bloomberg Boeing Co said it’s not racing to resume deliveries of its 787 Dreamliner as the company played down the risk that customers waiting for the jet might switch to rival planemaker Airbus SE. Stan Deal, president and chief executive officer of Boeing Commercial Airplanes, said the company is in talks with all the affected airlines and indicated he ...

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• 14 February

  JD Sports hit by $5.8m fine over ‘banned deal’

  

    Bloomberg JD Sports Fashion Plc was fined 4.3 million pounds ($5.8 million) after Britain’s merger watchdog said the retailer broke confidentiality rules during its vetoed bid for rival Footasylum. The Competition and Markets Authority (CMA) said that the two sports retailers failed to put sufficient safeguards in place to avoid sharing commercially sensitive information. The CMA said that in ...

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• 14 February

  PepsiCo falls with higher costs overshadowing revenue gains

  

  Bloomberg PepsiCo Inc gave a full-year sales outlook that was ahead of estimates as the company looks to pass the burden of higher costs onto consumers. Organic revenue is projected to rise 6% this year on an adjusted basis, compared with the 5.4% average estimate, after fourth-quarter growth exceeded analysts’ expectations. The company said that core earnings per share were ...

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• 14 February

  Airlines rise on optimism travellers returning to skies

  

  Bloomberg Airline stocks recorded their first back-to back weekly gains gain since early October, potentially marking the beginning of a long-overdue recovery, amid growing signs that a reopening of the economy is gaining pace. The S&P Supercomposite Airlines Industry Index closed up 6.1%, after a 3% gain, as investors continue to shun higher-risk growth stocks given expectations for aggressive interest-rate ...

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• 14 February

  TAG Heuer’s CEO says prices to increase for most watches

    Bloomberg TAG Heuer, the maker of luxury watches worn by tennis star Naomi Osaka and actor Ryan Gosling, plans to boost prices for most of its watches later this year. The Swiss brand, part of luxury giant LVMH SE, plans increases in April of about 5% to 6% for most timepieces, except smart watches, Chief Executive Officer Frederic Arnault ...

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• 14 February

  Hong Kong fresh food supplies hit again

    Bloomberg Hong Kong’s supplies of vegetables and chilled poultry will be affected “to a certain extent” after some vehicle drivers tested positive for the coronavirus, prompting authorities to suspend a border transport interchange, the government said. The facility for goods vehicles was temporarily closed for disinfection and mainland drivers who stayed at the interchange venue on that day are ...

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• 14 February

  Putin signals talks with US, Nato to continue amid crisis

  

    Bloomberg Russia should continue talks with the US and its allies on its demands for security guarantees in Europe, Foreign Minister Sergei Lavrov told President Vladimir Putin, suggesting the Kremlin will extend efforts to reach a diplomatic solution to surging tensions with the West. Putin said “all right” in response to Lavrov’s proposal, made in comments shown on state ...

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• 14 February

  Russia sentences man who claimed to hack Clinton

  

  Bloomberg A Russian court sentenced the leader of a hacking gang to 14 years in prison, RIA Novosti reported, bringing an end to a trial in which the man claimed to have helped the country’s security service to hack Hillary Clinton’s presidential campaign. Konstanin Kozlovsky was convicted of organising a criminal ring and large-scale fraud after the Lurk gang stole ...

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• 14 February

  Libyan PM vows to lay out vote plan

    Bloomberg Libyan Prime Minister Abdul Hamid Dbeibah dug in after parliament picked a rival premier, vowing to lay out later this week a plan for holding delayed presidential elections in the war-torn Opec member. “The election train has set off,” Dbeibah said in a televised address. Lawmakers last week selected Fathi Bashagha, a former interior minister, as premier, saying ...

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