FINLAND

Cry wolf

FINLAND’S wolf population has increased by an annual 10 per cent since 2017, with an estimated 310 now living in the country, the Natural Resources Institute said. Wolf packs are nevertheless creating tension after allegedly killing 1,261 reindeer and 518 sheep and attacking approximately 50 dogs last year.

IRELAND Big data

WHILE Ireland is failing to meet climate targets, its data centres consumed almost a fifth of the country’s electricity in 2022, the same amount used by all the country’s urban homes. Central Statistics Office showed that this was a 31 per cent increase on 2021 and nearly 400 per cent more than 2015.

ITALY Uber exit

IN line with the company’s policy of focusing on markets with opportunities for sustainable growth, Uber is winding up its food delivery business in Italy where it trails Just Eat and Glovo. Chief executive Dara Khosrowshahi previously said Uber will invest only in markets where it can be the largest or second-largest player.

Portugal

Not going

COLM MURPHY, a senior cybersecurity advisor at Huawei said that Portugal appears to have gone further than other European countries regarding 5G restrictions. Asked whether this could lead to Huawei’s departure Murphy said, Huawei had “legal and contractual obligations” in Portugal and “would never let customers down.”

Ukraine

Cood reception

ELIZABETH GILBERT, author of ‘Eat, Pray, Love’, announced on Monday that her upcoming book set in 1900s’ Siberia will not be released as scheduled. She made the decision following a backlash from Ukrainian readers who feared the book would romanticise Russia at a time when the country is accused of war crimes.

Sweden

No harm done

THE Monet painting, The Artist’s Garden at Giverny, daubed with red paint by environmental activists, is undamaged, said the Orsay Museum in Paris, which loaned the picture to Stockholm’s National Museum. The Restore Wetlands campaigners had also glued their hands to the protective glass without harming the picture.

BUSINESS EXTRA Linda Hall

Sun spots

UNIVERSITIES and tech companies will receive £4.3 million (€5 million) in funding from the government to develop spacebased solar power, which collects energy from the sun using satellite­mounted panels and beams it to Earth. The scheme has huge potential, Energy Security Secretary, Grant Shapps, said.

Shanghai deal

GRIFOLS, Catalonia ­ based multinational pharmaceutical and chemical manufacturer, is taking steps to reduce its debt with a corporate manoeuvre within the Chinese company, Shanghai RAAS. If the transaction goes ahead, Grifols will receive $1.5 billion (€1.4 billion) while remaining ‘a significant’ Shanghai RAAS shareholder.

Shell payout

SHELL intends to boost its dividends by 15 per cent as part of the company’s plans to hand back more cash to its shareholders under its new chief executive Wael Sawan. Shell has told investors that the dividend increase would become effective from the second quarter of its financial year.

No vote

PORTUGUESE company Western Gate, with a 2.18 per cent stake in the Dia supermarket chain, will vote against Benjamin Babcock as a major shareholder­director representing LetterOne, which owns 77 per cent of the company. Minority shareholders should have more weight on Dia’s board, Western Gate said.

Not the same

FREETRADE, the investment app, has slashed its pre­money valuation by 65 per cent while blaming current conditions and a “different market environment.” Freetrade’s valuation rose to £650 million (€760 million) during the pandemic, but the company announced that it has since fallen to £225 million (€263 million).

THE UK economy recovered from the impact of strikes and returned to growth in April. Official figures from the Office for National Statistics (ONS) registered a 0.2 per cent upturn owing to increased car sales and more spending in shops, bars and restaurants.

Growth over the first quarter increased by 0.1 per cent.

“Gross domestic product (GDP) bounced back after a weak March,” announced Darren Morgan, ONS’ director of Economic Statistics.

Bars and pubs had a comparatively strong April while car sales rebounded. Education partially recovered from the effect of the previ­