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  • Department of Justice Press Releases

    Southwest Virginia Man Sentenced for Role in Unemployment Benefits Scam

    by DOJ Press March 3, 2022
    by DOJ Press March 3, 2022

    ABINGDON, Va. – A Southwest Virginia man, who conspired with more than 30 others in a scheme to defraud the government of more than $499,000 in unemployment benefits, was sentenced …

  • Financial News

    Italy’s TIM sets out alternative to KKR deal but shares plunge

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Russia’s top carmaker to stop plants for four days

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Ukraine’s banking system remains resilient despite war, says central bank governor

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Explainer-Russian banks isolated, UK cuts insurance ties with Moscow

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    UK asks Meta, Tik Tok to prevent access to RT

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Former Ghosn deputy set for U.S. return after suspended sentence

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Investors warn of unintended consequences as companies cut Russian ties

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Sibanye-Stillwater sees Ukraine crisis disrupting automotive supply chains

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Norway wealth fund’s Russian investments are worthless, says CEO

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Deals over dividends: Ladbrokes owner Entain saves cash for acquisitions

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Japan’s JAL, ANA cancel or reroute Europe flights due to Ukraine crisis

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Macau government extends casino licences to December

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Analysis-Crypto exchanges won’t bar Russians, raising fears of sanctions backdoor

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Russia now ‘utterly uninvestable’ – Schroders CEO says

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Former boss Ghosn says Nissan’s lack of vision is hurting Renault

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    UK businesses’ inflation expectations hit record highs

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Analysis-Russia-Ukraine conflict highlights wheat supply vulnerability

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    India accuses China’s Huawei of tax evasion – government source

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Russia halts deliveries of rocket engines to the U.S

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    Russian air space closure means millions in extra costs -Lufthansa CEO

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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. …

  • Financial News

    Palladium scales 7-month peak, gold firms as Ukraine crisis rages on

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    UK satellite company OneWeb suspends Baikonur launches

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    U.S. activist investors, Icahn cry foul over proposed stock disclosure rule

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

  • Financial News

    U.S. hits Russian oil refining sector, slaps export curbs on Belarus

    by Reuters March 3, 2022
    by Reuters March 3, 2022

    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 …

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