Japanese banks sound caution for earnings as Omicron highlights bad loan risks
Japan’s biggest lenders on Wednesday all sounded alarm about the risk the Omicron variant could have on their earnings, reviving concerns that a resurgent pandemic could trigger more bad loans.
Countdown to central bank meetings caps stocks’ advance
Shares rose in Europe on Wednesday as investor sentiment continued to steady after a rout last month, but the advance was capped by concerns over how fast central banks will raise interest rates to quell soaring inflation.
Tesco is ending night-time restocking, putting 1,600 jobs at risk
Tesco has warned that 1,600 jobs are at risk as it phased out midnight replenishment at select stores and converted some petrol stations to pay-at-pump. The intentions come just one day after the grocer announced the closing of its Jack’s bargain outlets. It claimed that refilling shelves during the day will allow more employees to […]
Exclusive: Televisa, Univision to launch Spanish-language streaming platform in first half
Mexican broadcast powerhouse Grupo Televisa and U.S. based Univision (UVN.UL) are preparing to launch what would be the biggest Spanish-language streaming platform in the world in the first half of 2022 after sealing a joint venture deal on Monday, the head of Televisa told Reuters.
Japan’s ANA surprises with small Q3 operating profit but keeps FY loss guidance
ANA Holdings Inc (9202.T) surprised with a small third-quarter operating profit on Tuesday but Japan’s biggest airline still expects a loss for the year, indicating a worse-than-expected fourth quarter as the Omicron variant spreads.
Germany, Denmark seek more ambition from EU on green aviation fuel
European Union plans to require the aviation sector to use more sustainable fuels are not ambitious enough and the EU should let member states set their own tougher requirements, seven countries have said.
Sony to buy ‘Destiny’ videogame developer Bungie in $3.6 bln deal
Sony Interactive Entertainment (6758.T) will acquire Bungie Inc, the original creator of the “Halo” videogame and developer of “Destiny”, in a deal valued at $3.6 billion, making it the latest in a wave of consolidations sweeping the gaming sector.
Irn-Bru maker raises prices due to fizzing UK inflation
The maker of Irn-Bru, the iconic orange Scottish soft drink, said on Tuesday that it had increased its prices due to soaring inflation in Britain.
UBS books best annual profit since 2006, sets loftier goals
UBS (UBSG.S) on Tuesday reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals as it banks that more digital products will result in hefty cost-savings.
EXCLUSIVE HBO Max to launch in 15 European countries on March 8
WarnerMedia’s HBO Max streaming service will launch in 15 European countries, including Poland, Portugal and Romania, on March 8, making it available in 61 territories across Europe and the Americas.
