(Reuters) -Restaurant Brands International Inc beat estimates for quarterly revenue on Tuesday, as the Popeyes and Burger King parent enjoyed a rebound in demand at its restaurant chains after COVID-19 curbs were eased in Canada and the United States. Consumers are increasingly venturing out to diners, encouraged by higher rate of vaccinations, after the nearly…
By Steven Scheer JERUSALEM (Reuters) -Intel Corp is buying Israeli chipmaker Tower Semiconductor for $5.4 billion, the companies said on Tuesday, giving it access to more specialised production and making it better positioned to take advantage of soaring demand for semiconductors. Intel is paying $53 per share for Tower – which specialises in analogue chips…
BERLIN (AP) — Russian President Vladimir Putin hosted Germany’s chancellor on Tuesday after the Kremlin signaled that it was still possible for diplomacy to head off what Western officials have said could be an imminent invasion of Ukraine. In another possible sign that the Kremlin would like to lower the temperature raised by its amassing…
NEW YORK (AP) — As telecom companies rev up the newest generation of mobile service, called 5G, they’re shutting down old networks — a costly, years-in-the-works process that’s now prompting calls for a delay because many products out there still rely on the old standard, 3G. AT&T is scheduled to be the first carrier to…
BERLIN (Reuters) – German investor sentiment rose in February on expectations that restrictions to contain COVID-19 will ease, allowing growth in Europe’s largest economy to pick up, a survey showed on Tuesday. The ZEW economic research institute said its economic sentiment index rose to 54.3 from 51.7 in January. A Reuters poll had pointed to…
COPENHAGEN, Denmark (AP) — The head of the World Health Organization’s Europe office said Tuesday that health officials are turning their attention to growing rates of COVID-19 infection in Eastern Europe, where six countries — including Russia and Ukraine — have seen a doubling in case counts over the last two weeks. Dr. Hans Kluge…
MOSCOW (Reuters) – Russian internet giant Yandex on Tuesday reported a 55% decrease in adjusted net income in 2021 but said it expects total group revenues to continue their upward trajectory this year to reach 490-500 billion roubles ($6.50-$6.63 billion). Yandex’s adjusted net income stood at 8 billion roubles last year, down 55% on a…
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Japan’s economy rebounded in the final three months of 2021 as falling coronavirus cases helped prop up consumption, though rising raw material costs and a spike in new Omicron variant infections cloud the outlook. Bank of Japan Governor Haruhiko Kuroda also highlighted escalating tensions in Ukraine as…
SINGAPORE (Reuters) – The head of the world’s second-largest aircraft leasing company said on Tuesday that Airbus may temper its hopes of raising jet production because of snags in the supply chain. Avolon CEO Domhnal Slattery told a forum at the Singapore Airshow that the plans “may not be as ambitious as (Airbus) had articulated…
MILAN (Reuters) – Italian energy services group Saipem said on Tuesday it would submit an updated strategic plan for approval by the board on March 15. Sapem, which presented its 2022-2025 plan last October, issued a surprise profit warning at the end of last month and pulled its outlook. The company, controlled by energy group…
