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P&G earnings top estimates as price hike offset rising costs, company raises 2022 sales forecast

Tide, a laundry detergent owned by the Procter & Gamble company, is seen on a store shelf on October 20, 2020 in Miami, Florida.Joe Raedle | Getty ImagesProcter & Gamble on Wednesday reported quarterly earnings and revenue that topped Wall Street's expectations as price hikes helped offset higher commodity and freight costs.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: $1.66 vs. $1.65 expectedRevenue: $20.95 billion vs.…

Biden will make 400 million N95 masks available to Americans for free

Workers produce N95 respirators at Protective Health Gear (PHG) in Paterson, New Jersey, U.S., January 14, 2022.Brendan McDermid | ReutersPresident Joe Biden will make 400 million highly protective N95 masks available to Americans for free at pharmacies and community health centers around the U.S., a White House official said.The masks will start to become available late next week, and the program will be fully up and running by early February, according to the official. The White House said the free masks are the largest…

England looks to ease Covid rules while Europe is engulfed by omicron

Senior doctor Thomas Marx puts on his personal protective gear before he enters the room of a patient with Covid-19 in an intensive care unit at a hospital in Freising, southern Germany.LENNART PREISS | AFP | Getty ImagesPlan B measures, implemented in December as the omicron Covid variant surged in the U.K., mean that face masks are compulsory in most indoor public settings such as public transport, shops, theaters and cinemas, and that people are advised to work from home if possible.High school pupils have to wear…

The world is hungry for lithium. Geothermal energy could transform how it’s sourced

The southwest of England is famed for its dramatic coastline, verdant countryside and fresh seafood. If all goes to plan, another string could be added to the region's bow over the next few years: lithium extraction.In the county of Cornwall, efforts are underway to tap into the area's natural resources and establish an industry which could, one day, produce both renewable energy and establish a local source of lithium.Alongside its use in cell phones, computers, tablets and a host of other gadgets synonymous with modern…

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Scientists warn it’s too soon to relax despite omicron Covid variant proving to be less severe

A sign reminding riders to wear a face mask to prevent the spread of Covid-19 appears on a bus on First Street outside the U.S. Capitol on Monday, January 10, 2022.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesInfectious disease experts have warned that it's too soon for the public to stop taking steps to avoid Covid-19 infection, despite health officials claiming it's inevitable most people will catch the seemingly milder omicron variant.Many countries now have few or no Covid-related restrictions remaining, as surging…

Cruise operator Genting Hong Kong files to wind up company as cash runs out

The Hong Kong skyline from on board the Genting Cruise Lines Genting Dream while berthed in Hong Kong on Wednesday, July 28, 2021.Lam Yik | Bloomberg | Getty ImagesCruise operator Genting Hong Kong said Wednesday it has filed to wind up the company, as its cash is set to run out by end of January.It comes on the heels of warnings last week from the company that it could face potential cross-defaults on financing arrangements worth $2.8 billion, as a result of the insolvency of its German shipbuilding subsidiary MV…

Political setbacks dent Modi’s strongman image as India heads for crucial state polls

Indian Prime Minister Narendra Modi addresses a public meeting at Jerenga Pathar in the Sivasagar district of India's Assam state on Jan. 23, 2021.Biju Boro | AFP | Getty ImagesIndian Prime Minister Narendra Modi revels in his image as a strong and decisive leader. But the premier was forced to make a stunning U-turn recently and abandoned controversial farm laws after year-long protests — a move one analyst called a "public policy failure.""While apologizing to the countrymen, today I want to say sincerely that perhaps…

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