Italy’s TIM sets out alternative to KKR deal but shares plunge
By Elvira Pollina MILAN – The new boss of Telecom Italia set out the virtues of his standalone plan as an alternative to a takeover approach from KKR but shares…
By Elvira Pollina MILAN – The new boss of Telecom Italia set out the virtues of his standalone plan as an alternative to a takeover approach from KKR but shares…
MOSCOW – Russia’s biggest carmaker, Avtovaz, will stop its Togliatti and Izhevsk plants on Saturday and from March 9 to 11 as it grapples with a crisis in supplies of…
LVIV – Ukraine’s central bank governor Kyrylo Shevchenko said on Thursday the Ukrainian banking and financial system remained resilient amid Russia’s invasion and had been boosted by international financial support…
By Huw Jones and Tommy Wilkes LONDON – Britain will ban Russian companies from London’s multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to…
LONDON – Britain’s culture minister said she had asked social media company Tik Tok and Facebook’s parent company Meta Platforms if they could prevent access to Russian state-owned television network…
By Tim Kelly and Satoshi Sugiyama TOKYO – A Tokyo court on Thursday handed former Nissan Motor executive Greg Kelly a six-month suspended sentence for helping Carlos Ghosn hide pay…
By Ross Kerber – A responsible-investing group representing $10 trillion of assets under management and advisement said companies could be right to cut Russian business ties to protest Moscow’s invasion…
By Helen Reid JOHANNESBURG – Disruptions to automotive supply chains in the wake of Russia’s invasion of Ukraine could impact demand for platinum group metals (PGMs), the chief executive of…
By Gwladys Fouche OSLO – The Russian assets of Norway’s $1.3 trillion wealth fund, the world’s largest, have become worthless following Russia’s invasion of Ukraine and selling them as instructed…
By Sachin Ravikumar – Entain will use excess cash on acquisitions this year rather than shareholder payouts, the British gambling firm said on Thursday, as it reported higher annual earnings…
By Maki Shiraki and Jamie Freed TOKYO – Japan Airlines Co Ltd and ANA Holdings Inc cancelled all flights to and from Europe on Thursday and cancelled or rerouted flights…
By Farah Master HONG KONG – Casino companies in Macau will have their licences extended by six months, the city’s Economy and Finance Secretary said on Thursday, allowing more time…
By Tom Wilson LONDON – Some of the world’s biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western…
By Lawrence White LONDON – Russian stocks and bonds are now “in the realms of utterly uninvestable,” the chief executive of Schroders Peter Harrison told Reuters on Thursday, as Western…
By Satoshi Sugiyama TOKYO – Former Nissan Motor chairman Carlos Ghosn, who was ousted from the company following his arrest in Japan, said on Thursday that its alliance partner Renault…
By David Milliken LONDON – British businesses’ expectations for inflation over the next 12 months have risen to their highest in more than five years, according to a Bank of…
By Gus Trompiz and Nigel Hunt PARIS/LONDON – The threat to wheat supplies from Russia’s invasion of Ukraine has been exacerbated by a shift in global stocks away from major…
By Munsif Vengattil NEW DELHI – An Indian tax investigation into China’s Huawei Technologies has found the telecoms equipment maker manipulated account books to reduce its taxable income in the…
MOSCOW – Russia has decided to stop supplying rocket engines to the United States in retaliation for its sanctions against Russia over Ukraine, Dmitry Rogozin, head of the state space…
BERLIN – Lufthansa Chief Executive Carsten Spohr said routing flights to avoid Russian air space will increase costs for the German flagship carrier by a single-digit million-euro amount per month.…
By Bharat Gautam – Palladium raced to an over seven-month peak on Thursday in a rally sparked by concerns over supply from top producer Russia, while a relatively less hawkish…
LONDON – British satellite company OneWeb said on Thursday it was suspending all launches from Russia’s Baikonur Cosmodrome in Kazakhstan after Moscow’s space agency demanded guarantees that its technology would…
By Svea Herbst-Bayliss and Katanga Johnson – Activist investors including Carl Icahn say a U.S. proposal that would require them to disclose 5% stakes in companies days sooner than current…
By Alexandra Alper and Doina Chiacu WASHINGTON -The United States on Wednesday took aim at Russia’s oil refining sector with new export curbs and targeted Belarus with sweeping new export…
– Companies have limited, put on hold or exited business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies…