FRANKFURT, Germany (AP) — German Chancellor Olaf Scholz has suspended the certification process for the Nord Stream 2 natural gas pipeline after Russia recognized separatist-held regions in eastern Ukraine. The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating. It has become a major target as Western…
NEW YORK (AP) — Macy’s offered an upbeat outlook on Tuesday after reporting strong quarterly results that exceeded Wall Street estimates despite a slew of challenges from inflation to supply chain clogs. The New York company also said that it would not spin off its ecommerce division from its Macy’s and Bloomingdale’s stores, rejecting a…
Home Depot saw its sales remain strong in its fourth quarter as it continues to benefit from a sizzling housing market. Sales for the three months ended Jan. 30 rose to $35.72 billion from $32.26 billion. This beat the $34.88 billion that analysts polled by FactSet forecast. Sales at stores open at least a year,…
BRUSSELS (AP) — Responding swiftly to Russian President Vladimir Putin’s order sending troops to separatist regions of Ukraine, world leaders hit back with non-military actions Tuesday in hopes of averting a full-blown war in Europe. Germany made the first big move, taking steps to halt certification of the Nord Stream 2 gas pipeline from Russia…
LISBON, Portugal (AP) — A fire aboard a ship carrying cars in the mid-Atlantic is dying out, a Portuguese navy officer said Tuesday, and the huge vessel is expected to be towed to the Bahamas. The blaze on the Felicity Ace has burned for six days near Portugal’s Azores Islands. A Portuguese Air Force helicopter…
BERLIN (AP) — Germany has taken steps to halt the process of certifying the Nord Stream 2 gas pipeline from Russia, Chancellor Olaf Scholz said Tuesday, as the West started taking punitive measures against Moscow over the Ukraine crisis. The decision, which was criticized by Moscow, is a significant move for the German government. Scholz…
MADRID (AP) — Surging energy prices and the Russia-Ukraine conflict are making European leaders think hard about energy security — particularly their decades-old reliance on Moscow for natural gas. The crisis shows Europe’s vulnerability after years of limited progress in completing an “energy union” — a 2015 vision to allow affordable gas and electricity to…
MOSCOW (AP) — Russian lawmakers on Tuesday authorized President Vladimir Putin to use military force outside the country — a move that could presage a broader attack on Ukraine after the U.S. said an invasion was already underway there. Several European leaders said Russian troops rolled into rebel-held areas in eastern Ukraine after Putin recognized…
HONG KONG (AP) — HSBC PLC on Tuesday reported 2021 profit more than tripled to $12.6 billion as the bank sold its retail business in France and expanded wealth management in Asia. Profit rose despite a 2% decline in revenue to $49.6 billion amid the COVID-19 pandemic’s pressure on commercial customers, the bank reported. HSBC…
BEIJING (AP) — Asian stock markets rebounded Wednesday after Wall Street slid on anxiety over President Vladimir Putin’s authorization to send Russian soldiers into eastern Ukraine. Shanghai, Hong Kong, South Korea and Australia advanced. Oil prices edged higher on concern about possible disruption to Russian supplies. Japanese markets were closed for a holiday. Global stock…
