COVID-19 has seen “news deserts” spread further across Australia, as 100 news outlets were shut over the course of the pandemic—leaving local councils unmonitored and free from one layer of scrutiny. A survey from the Media Entertainment and Arts Alliance (MEAA), also revealed that regional media outlets were under-resourced and offered little in terms of career progression…
COVID-19 Hastening Spread of ‘News Deserts’ Across Australia: Media Union
February 10, 2022
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Staff Shortages, Supply Backups Batter EU Economic Growth
BRUSSELS—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 pandemic crisis, key…
Germany’s Siemens Sees Profit up 20 Percent, Raises Dividend
FRANKFURT, Germany—Germany Siemens AG, global maker of big-ticket machines and industrial equipment and software, saw net profit rise 20 percent 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 company on…
AstraZeneca Sees Higher 2022 Sales, but Forecasts COVID-19 Shot Revenues to Decline
February 10, 2022
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British–Swedish multinational pharmaceutical company AstraZeneca on Thursday forecast higher sales in 2022 after posting a better-than-expected fourth-quarter profit. But the biotechnology company warned that it expects revenues to decline as sales of its COVID-19 products drop, and that the gross profit margins from those products would be lower than the company average. The drugmaker recorded full-year revenues…
Multiple US Automakers Pause Some Output Amid Canadian Trucker Protests
February 10, 2022
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Multiple U.S. Automakers including Ford and Toyota have halted some production at their Canada plants due to the ongoing protests over the country’s COVID-19 vaccine mandates. Toyota, Chrysler Pacifica, Ford, and General Motors all said they have had to pause production on some of their sites due to the demonstrations, which have caused blockages at the Ambassador Bridge…
Analysis: The State of the Commercial Real Estate Industry
On Feb. 13, the Mortgage Bankers Association (MBA) will kick off its annual Commercial Real Estate Finance (CREF) conference, one of the most important trade events within the commercial property industry. Ahead of the event, Benzinga spoke with Mike Flood, MBA’s senior vice president of commercial/multifamily policy and member engagement, about the trends and issues shaping the…
Toyota and Honda Upbeat on Profits as Customers Pay More for Scarce Cars
February 10, 2022
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TOKYO—Toyota Motor and Honda Motor were upbeat about their full-year profit prospects on Wednesday as tight vehicle supplies caused by a chip shortage allowed Japan’s two biggest automakers to charge their customers more. The Japanese carmakers are also benefiting from a weaker yen that raised the yen value of their overseas earnings. Toyota and Honda…
Ford, GM Warn Dealers Who Charge More Than Suggested Retail Price
February 9, 2022
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Ford and General Motors (GM) recently warned car dealerships to stop the practice of price gouging beyond the manufacturer’s suggested retail price (MSRP), with consequences including losing access to new vehicle models. Andrew Frick, Ford’s vice president of sales in U.S. and Canada, sent a letter to dealerships on Jan. 7 noting that some customers…
New York City Council to Review Permanent Outdoor Dining Sheds
February 9, 2022
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The New York City Council held a hearing on Feb. 8 on whether to make outdoor sidewalk dining, which was a temporary measure during the CCP (Chinese Communist Party) virus pandemic, a permanent fixture in the city’s dining scene. Outdoor dining sheds were built by many NYC restaurant owners to help blunt the economic impact…
German Exports Rise Again in December, Strong Gains in 2021
BERLIN—German exports increased for the third consecutive month in December, capping a year in which they rose 14 percent compared with 2020, official figures showed Wednesday. The Federal Statistical Office said that exports from Germany, Europe’s biggest economy, were up 0.9 percent in December compared with the previous month. That followed gains of 1.8 percent…
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