Port of Rotterdam core profit up 6% despite lack of Russian cargo

Port of Rotterdam core profit up 6% despite lack of Russian cargo

AMSTERDAM, Feb 23 (Reuters) – Core profits at the Port of Rotterdam rose 6.1% last year despite a slight decline in cargo turnover, it said on Thursday as Russian coal, LNG and oil were replaced by other energy sources. Europe’s largest port said throughput fell 0.3% to 467.4 million tons, but earnings before interest, taxes, … Read more

A Russian fighter plane crashed in the Belgorod region near Ukraine.

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

Feb 23 (Reuters) – A Russian Su-25 fighter jet crashed Thursday in Russia’s Belgorod region near the border with Ukraine, killing the pilot, the Russian Defense Ministry said. The cause of the crash was a “technical malfunction”, according to preliminary information, TASS reports with reference to the ministry. According to him, the plane crashed in … Read more

A Russian fighter plane crashed in the Belgorod region near Ukraine.

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

Feb 23 (Reuters) – A Russian Su-25 fighter jet crashed Thursday in Russia’s Belgorod region near the border with Ukraine, killing the pilot, the Russian Defense Ministry said. The cause of the crash was a “technical malfunction”, according to preliminary information, TASS reports with reference to the ministry. According to him, the plane crashed in … Read more

Campari sales in Italy up 9.6% in fourth quarter despite supply restrictions

Campari sales in Italy up 9.6% in fourth quarter despite supply restrictions

MILAN, 21 Feb. (Reuters) – Italian spirits group Campari (CPRI.MI) reported fourth-quarter same-store sales growth of 9.6% on Tuesday despite supply constraints. Bitters maker Aperol and Campari said its three-month adjusted operating income increased 7.6% on a like-for-like basis, with production cost inflation almost entirely offset by positive pricing initiatives. “Looking into 2023… we will … Read more

Spain’s Cepsa has signed an agreement with the Netherlands to increase the use of clean fuel

Spain's Cepsa has signed an agreement with the Netherlands to increase the use of clean fuel

The agreement provides for the supply of green ammonia to Rotterdam Dutch minister says Spain and Portugal are needed as hydrogen suppliers Port of Rotterdam plans to produce 4.6 megatons of hydrogen by 2030 MADRID, Feb 20 (Reuters) – Spain’s Cepsa on Monday signed an agreement with three Dutch companies to supply green ammonia to … Read more

Russian government approves sale of IKEA factories – Deputy Minister

Russian government approves sale of IKEA factories - Deputy Minister

MOSCOW, Feb 16 (Reuters) – A Russian government commission has approved the sale of Swedish furniture maker IKEA’s three factories in Russia to two local buyers, paving the way for a deal, a government official said Thursday. Western companies have announced plans to leave Russia after it sent tens of thousands of troops to Ukraine … Read more

Russian bombers intercepted by NORAD near Alaska

Russian bombers intercepted by NORAD near Alaska

Feb 15 (Reuters) – North American air defense forces intercepted several Russian strategic bombers and fighter jets as they flew over international airspace near Alaska, the North American Aerospace Defense Command (NORAD) said. The plane, which was identified on Monday, did not enter US or Canadian airspace and did not pose a threat, the joint … Read more

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

The best day in the last 13 weeks Profit for the first half of the year after tax increased by more than 14% Profit for the first half of the year increased in all segments Earnings beat analysts’ expectations Feb 15 (Reuters) – Australia’s largest conglomerate Wesfarmers Ltd. (WEIGHT.AX) posted higher-than-expected interim profits as the … Read more

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

Kmart pushes Australian Wesfarmers to boost profits due to lockdown

The best day in the last 13 weeks Profit for the first half of the year after tax increased by more than 14% Profit for the first half of the year increased in all segments Earnings beat analysts’ expectations Feb 15 (Reuters) – Australia’s largest conglomerate Wesfarmers Ltd. (WEIGHT.AX) posted higher-than-expected interim profits as the … Read more

In the UK, a law has been passed that regulates credit on the principle of “buy now, pay later.”

In the UK, a law has been passed that regulates credit on the principle of "buy now, pay later."

LONDON, Feb 13 (Reuters) – The UK will introduce a bill on Tuesday to regulate “buy now, pay later” credit, saying the sector could harm consumers without thorough affordability testing. BNPL companies are largely unregulated and typically offer interest-free short-term loans on the spot that spread payments for retail items such as clothing. The sector … Read more