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FRANKFURT – Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion investment funds …

(Reuters) – Multinationals that announced their exit from Russia, or suspension of activities there, after Moscow’s invasion of Ukraine on Feb. 24, have started to report associated losses. These are …

President Joe Biden’s FDA Commissioner Robert Califf claimed there is no baby formula shortage, just a “distribution problem,” during a segment on CNN’s “New Day” with Brianna Keilar and John …

STURGIS, MI – The FDA has allowed the Abbott company’s Sturgis baby formula manufacturing plant to reopen after shutting down the plant for three months sparking a nationwide baby formula …

(Reuters) – Three board members of Russia’s Sberbank have left their posts, the bank said on Tuesday, the latest in a flurry of senior departures from the state-owned lender since …

(Reuters) -Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they scramble to comply with sanctions over the Ukraine conflict and …

By Richa Naidu LONDON – Imperial Brands said on Tuesday it was starting to see some recovery of sales of cigarettes in duty-free shops at airports and in popular European …

By Marco Aquino LIMA – Peru, the world’s second-largest copper producer, risks losing out on billions of dollars of mining investment if the government fails to defuse protests that are …

LISBON -The normalisation of the European Central Bank’s monetary policy after a long period of ultra-low interest rates is needed and must happen in a sustainable way, increasing the ECB’s …

LONDON -British International Investment (BII) and U.S. bank Citigroup Inc have signed a $100 million risk-sharing facility aimed at boosting lending to small businesses across Africa by up to four …

Richard G. Frohling, United States Attorney for the Eastern District of Wisconsin, announced that Kevin J. Mueller (age: 60) of Oshkosh, Wisconsin, was charged via a criminal complaint following his …

MLADA BOLESLAV, Czech Republic – Czech carmaker Skoda, owned by Germany’s Volkswagen, is confident that its parent will take a decision on its fourth large battery factory in Europe by …

PARIS – Environmental activists briefly disrupted BNP Paribas’ annual shareholder meeting in Paris on Tuesday, accusing France’s largest listed bank of being Europe’s main financing partner for the fossil energies …

By Victoria Waldersee BERLIN -Daimler Truck Holding said rising raw materials prices and inflationary pressures could weigh into its second quarter, but the truckmaker expected to continue passing high costs …

By Greg Roumeliotis and Krystal Hu (Reuters) -A unilateral pronouncement that the acquisition of Twitter Inc is “on hold”. Fierce criticism of the social media company’s handling of spam accounts. …

By Tarek Amara TUNIS – Tunisia has resumed phosphate exports after 11 years, and expects to ship more than 300,000 tonnes this year due to a sharp increase in global …

DAKAR – The International Monetary Fund (IMF) and Niger have reached a staff-level agreement on a first programme review that will allow for a disbursement of about $53 million if …

MILAN – Italy’s Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted last year, the fashion group …

By Hannah Lang, Savio Shetty and Lisa Pauline Mattackal WASHINGTON/MUMBAI – Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost …

By Nupur Anand and Chris Thomas MUMBAI – Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut on Tuesday, a fresh setback for the …

By Katie Paul, Krystal Hu and Hyunjoo Jin (Reuters) – Elon Musk said on Tuesday his $44-billion offer would not move forward until Twitter Inc shows proof that spam bots …

By Timothy Gardner WASHINGTON – U.S. coal producers are seeking to boost exports to cash in on soaring prices since Russia’s invasion of Ukraine but face big headwinds including shipping …

LONDON – Investors are becoming increasingly concerned about global growth with optimism at an all-time low, as they increase their cash holdings to the highest level in two decades, according …

By Paul Sandle LONDON -Rising inflation and a tough economic backdrop will hold back Vodafone’s earnings this year and could complicate its dealmaking efforts, the mobile phone group warned on …

(Reuters) -The Kremlin said on Tuesday it would be “outright theft” for the Group of Seven economic powers and European Union to seize Russia’s frozen reserves and spend them on …