LONDON (AP) — British Prime Minister Boris Johnson couldn’t escape his domestic woes during a trip to Belgium and Poland on Thursday aimed at increasing pressure on Russia over its military buildup near Ukraine. Johnson was trying to show NATO’s resolve in response to Russia massing troops near its neighbor’s borders. But he faced questions…
GENEVA (AP) — Credit Suisse on Thursday reported a fourth-quarter loss of 2 billion Swiss francs ($2.2 billion) as the top-drawer Swiss bank wrapped up “a year of challenges” marked by bad bets on a hedge fund, set asides for legal costs and accounting changes due to its acquisition of a U.S. investment bank over…
FRANKFURT, Germany (AP) — Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20% to 1.8 billion euros in the last three months of 2021 as the rebounding global economy increased orders for its goods, including a 1-billion euro order for high speed trains in Germany. The…
BRUSSELS (AP) — The European Union is seeing its economic emergence from the unprecedented COVID-19 slowdown hampered by coronavirus-induced staff shortages, supply bottlenecks, runaway energy prices and subsequent inflation surges. In its winter 2022 forecast, the European Commission said Thursday that even though the economy has rebounded from stunning losses at the height of the…
MOSCOW (AP) — Britain’s top diplomat urged Russia on Thursday to defuse tensions over Ukraine and take the path of diplomacy even as thousands of Russian troops engaged in sweeping maneuvers in Belarus as part of a military buildup near Ukraine that has fueled Western fears of an invasion. U.K. Foreign Secretary Liz Truss again…
LONDON (AP) — AstraZeneca recorded a big jump in revenue on Thursday as it begins to take a profit from its coronavirus vaccine for the first time. The company recorded full-year revenues of $37.4 billion, an increase of 38% from the year before at constant exchange rates. Part of the boost came from $4 billion…
IGHRAN, Morocco (AP) — The death of a 5-year-old boy trapped for days in the dark depths of a well symbolizes for many villagers a curse that haunts their remote mountainous region in northern Morocco: dirt poor, neglected and dependent on its illegal cannabis crop to survive. The well that swallowed Rayan was dug by…
BEIJING (AP) — A Chinese real estate developer that is struggling under $310 billion in debt is promising to deliver 600,000 apartments this year, a newspaper reported Thursday, in a show of confidence it can avert collapse and resume normal business. Evergrande Group has left financial markets guessing at its status since the developer warned…
PARIS (AP) — Paris police on Thursday banned road blockades threatened by groups organizing online against COVID-19 restrictions, in part inspired by protesters in Canada. Citing “risks of trouble to public order,” the Paris police department banned protests aimed at “blocking the capital” from Friday through Monday. Police will put measures in place to protect…
MOSCOW (AP) — A peace agreement for the separatist conflict in eastern Ukraine that has never quite ended is back in the spotlight amid a Russian military buildup near the country’s borders and rising tensions about whether Moscow will invade. Top officials from Russia, Ukraine, France and Germany are meeting Thursday in Berlin to discuss…
