(Reuters) -Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. The company, whose shares fell 2.7% before the bell, reported a decline in sales in three out of its four segments, with its Safety and Productivity Solutions unit —…
WASHINGTON (AP) — After three consecutive weeks of unemployment claims that appeared to rise in tandem with omicron, fewer Americans applied for unemployment benefits for the second week in a row. Jobless claims fell by 23,000 to 238,000 last week, from 261,000 the previous week, the Labor Department reported Thursday. The four-week average for claims,…
FRANKFURT, Feb 3 (Reuters) – Following is the statement from the European Central Bank following its policy meeting. The Governing Council confirmed the decisions taken at its monetary policy meeting last December. Pandemic emergency purchase programme (PEPP) In the first quarter of 2022, the Governing Council is conducting net asset purchases under the PEPP at…
LONDON (AP) — Britain’s energy regulator announced Thursday that a cap on energy prices is going up by a record 54% because of the soaring costs of wholesale natural gas, a change that will significantly burden millions of households already squeezed by rapidly climbing bills. The Office of Gas and Electricity Markets, known as Ofgem,…
By Andy, Bruce, and, David and Milliken LONDON, Feb 3 (Reuters) – The Bank of England raised interest rates to 0.5% on Thursday and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central bank warned inflation will soon top 7%. In a surprise split decision, four of…
THE HAGUE, Netherlands (AP) — The Russia-Ukraine crisis entered another day that is expected to be packed with diplomatic efforts to prevent the simmering tensions from boiling over into war. Ukrainian President Volodymyr Zelenskyy is hosting Turkish President Recep Tayyip Erdogan for talks in Kyiv while Russian President Vladimir Putin meets his Argentinian counterpart Alberto…
(Reuters) – Hershey Co reported quarterly sales that beat Wall Street estimates on Thursday, as the Kit Kat maker benefited from price increases and strong demand for its chocolates and candies. Net sales rose to $2.33 billion in the fourth quarter from $2.19 billion a year earlier, compared with estimates of $2.27 billion, according to…
By Jonnelle Marte and Aleksandra Michalska (Reuters) – Gina Marino quit two jobs last year. In the summer, she left a position at a small social media marketing agency for a bigger firm offering more money and greater responsibility. Three months later, despite liking her colleagues and the company but realizing she lacked passion for…
COPENHAGEN (AP) — The director of the World Health Organization’s Europe office said Thursday the continent is now entering a “plausible endgame” to the pandemic and that the number of coronavirus deaths is starting to plateau. Dr. Hans Kluge said at a media briefing that there is a “singular opportunity” for countries across Europe to…
ANKARA, Turkey (AP) — Turkey’s annual inflation came in at nearly 49% on Thursday, hitting a nearly 20-year high and further eroding people’s ability to buy even basic things like food. The Turkish Statistical Institute said the consumer price index increased by just over 11% in January from the previous month. The yearly increase in…
