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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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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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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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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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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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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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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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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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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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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