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  • Financial News

    Russia’s top airline assessing sanctions impact, asks EU regulators for clarity

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    MOSCOW – Russia’s top airline Aeroflot said on Wednesday that it was assessing the impact of Western sanctions on its leased planes and that it was asking European Union (EU) …

  • Financial News

    CesiumAstro secures $60 million in funding from Airbus Ventures and others

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Jane Lanhee Lee – CesiumAstro Inc, a startup that builds hardware and software for aerospace communications, said on Wednesday it has raised $60 million in funding from investors including …

  • Financial News

    Ryanair boss says bookings can withstand Ukraine crisis

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Alistair Smout and Muvija M LONDON -Russia’s invasion of Ukraine will not have a dramatic impact on bookings in eastern Europe so long as the war doesn’t escalate, Ryanair …

  • Financial News

    Boeing suspends parts, maintenance and support for Russian airlines

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    WASHINGTON – U.S. airplane manufacturer Boeing Co said on Tuesday it was suspending parts, maintenance and technical support for Russian airlines as well as major operations in Moscow after Russia’s …

  • Financial News

    Ukraine central bank asks IMF, G7 to limit Russian and Belarussian access

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    LVIV – The Ukrainian central bank on Wednesday asked the International Monetary Fund and the Group of Seven major economies to limit the participation of Russian and Belarussian representatives in …

  • Financial News

    Bank of Canada seen set to hike for first time since 2018

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Julie Gordon OTTAWA – The Bank of Canada is poised to hike its key overnight interest rate for the first time in three years on Wednesday, kicking off a …

  • Financial News

    Big U.S. auto dealers bet billions against the death of the dealership

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Joseph White DETROIT – U.S. auto dealers, flush with cash, are buying each other at a record pace, but they are not closing stores in the process. Defying predictions …

  • Financial News

    U.S. shale oil forecasts keep rising as smaller producers lead the way

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Liz Hampton – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead …

  • Financial News

    Russian central bank temporarily suspends international transfers by some foreign entities

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    MOSCOW – Russia’s central bank said on Wednesday it was temporarily suspending transfers by foreign legal entities and individuals from several countries to accounts abroad. The bank said it was …

  • Financial News

    Crippled by sanctions, Russia’s top bank quits Europe

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    MOSCOW -Russia’s largest lender Sberbank is quitting almost all European markets, blaming big cash outflows and threats to its staff and property following Russia’s invasion of Ukraine and Western sanctions. …

  • Financial News

    Porsche suspends production in Leipzig over Ukraine crisis

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    BERLIN – Volkswagen’s Porsche is suspending production at its Leipzig plant until the end of next week as a result of the Ukraine crisis, a spokesperson for the luxury carmaker …

  • Financial News

    Russia’s Nabiullina tells central bank staff: we hoped not to face extreme economic situation

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    MOSCOW – Russia’s Central Bank Governor Elvira Nabiullina said Russia’s economy had come up against an extreme situation, something she said they had all hoped would not happen, in an …

  • Financial News

    Ryanair’s O’Leary says bookings can withstand Ukraine crisis

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    LONDON – Russia’s invasion of Ukraine will not have a dramatic impact on airline bookings in eastern Europe so long as the war does not escalate and spread, Ryanair boss …

  • Financial News

    Global banks eschew risk as they navigate Russia sanctions quagmire

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Michelle Price and Sumeet Chatterjee WASHINGTON/HONG KONG – Faced with an unprecedented level of sanctions on Russia, global banks are taking a dim view of business with all Russian …

  • Financial News

    Airbus halts Russia parts, studying engineering centre options

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    PARIS – Airbus said on Wednesday it had stopped sending spare parts to Russia and supporting Russian airlines, but was analysing whether its Moscow engineering centre could keep providing services …

  • Financial News

    Neste says to become first global renewable fuels producer

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    HELSINKI – Finnish refiner Neste said on Tuesday its billion-dollar investment in a joint venture with U.S.-based oil company Marathon Petroleum Corp would make it the world’s first and only …

  • Financial News

    China set to approve 3rd batch of localities for digital yuan trials – state media

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    SHANGHAI – China will soon approve the third batch of localities set to launch trials of its digital yuan currency, state-backed financial outlet Securities Times reported on Wednesday. According to …

  • Financial News

    S.Korea’s Hyundai Motor plans to invest $16 billion in EV push

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Heekyong Yang and Joyce Lee SEOUL -South Korea’s Hyundai Motor Co said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 …

  • Financial News

    Toshiba CEO suddenly resigns amid opposition to restructuring plans

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Makiko Yamazaki and Junko Fujita TOKYO -Toshiba Corp said on Tuesday CEO Satoshi Tsunakawa has resigned – a sudden departure that comes after sources said revised restructuring plans sparked …

  • Financial News

    Marketmind: A turning point for markets

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    A look at the day ahead in markets from Dhara Ranasinghe. When the yield on Germany’s benchmark Bund, considered one of thea safest assets in the world, posts its biggest …

  • Financial News

    World’s major companies lag on climate, some markets regress since Paris

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Simon Jessop LONDON – The corporate world remains far from being aligned with global climate goals, and in some countries has gone backwards since a landmark agreement to cap …

  • Financial News

    Russia’s Feb oil output rises, trading paralysed by sanctions

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    – Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading …

  • Financial News

    Asian equities see outflows for second straight month in Feb

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    By Gaurav Dogra – Asian equities suffered a second successive month of outflows in February as investors jettisoned riskier assets due to rising tensions between Russia and Ukraine and on …

  • Financial News

    Moscow Exchange won’t resume stock trading on Wednesday – central bank

    by Reuters March 2, 2022
    by Reuters March 2, 2022

    MOSCOW – Russia’s central bank kept stock market trading on the Moscow Exchange suspended for a third day in a row on Wednesday, but said it would allow a limited …

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    Attorney General’s New Vehicle Pursuit Policy Handcuffs Police, Bergen Says

    by Conservative Times March 1, 2022
    by Conservative Times March 1, 2022

    TRENTON, N.J. – New Jersey’s new vehicle pursuit policy prohibiting when a police officer can initiate the pursuit of a suspect is coming under fire today. According to the new guidelines …

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