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'Cooling gap' widens, despite rising heat, as pandemic hikes poverty

Rising poverty, as the coronavirus pandemic slows economies, means an extra 50 million people this year may struggle without air conditioners, fans or other cooling devices needed to keep them healthy and productive, researchers warned Wednesday. ....

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Japan shares end slightly higher, corporate outlook concerns cap gains

Japanese shares closed slightly higher on Wednesday, led by technology stocks, but concerns about corporate outlook capped gains even as investors awaited a decision by the U.S. Federal Reserve. ....

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UAE's Tabreed is interested in Dubai airport district cooling deal - CEO

3 Min Read
DUBAI, Feb 15 (Reuters) - Dubai-listed National Central Cooling Co (Tabreed) is interested in acquiring the district cooling unit that serves Dubai International Airport, Tabreed Chief Executive Bader Al Lamki said on Monday.
Tabreed has been on a shopping spree during the COVID-19 pandemic, snapping up assets in locations such as Abu Dhabi’s Saadiyat Island, home to a Louvre museum. It also acquired an 80% stake in Dubai developer Emaar’s downtown district cooling business for 2.48 billion dirhams ($675 million).
“Dubai (international) airport has been in the market. We are looking at it. We will see how it goes,” Al Lamki told Reuters in an interview. ....

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Japanese shares hit fresh 30-year high on robust corporate earnings

By Reuters Staff
3 Min Read
TOKYO, Feb 8 (Reuters) - Japanese shares rose sharply on Monday, with both Nikkei and Topix hitting 30-year highs, as strong corporate earnings lifted investor confidence for an economic recovery from pandemic lows.
The Nikkei share average jumped 2.09% to 29,380.12 by 0210 GMT, the highest level since August 1990, while the broader Topix rose 1.75% to 1,923.96, the highest since June 1991.
“With the vaccine rollouts and the fall in the number of daily COVID-19 infections, expectations for normalization of the economy is rising,” said Soichiro Matsumoto, chief investment officer Japan at Credit Suisse Private Banking.
“Better-than-expected corporate performance in this environment is also lifting sentiment. Many U.S. firms have reported upbeat results and Japanese companies, particularly those sensitive to overseas demand, are following suit.” ....

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Triton prepares sale of damage restoration services firm Polygon -sources

Buyout group Triton is preparing the sale of its damage restoration services firm Polygon in a deal worth up to 1 billion euros ($1.21 billion), people close to the matter said. ....

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