By David Lawder WASHINGTON – Ukraine’s top government economic adviser Oleg Ustenko said on Thursday that invading Russian forces have so far destroyed at least $100 billion worth of infrastructure,…
– Russia sought on Thursday to retaliate against Western sanctions imposed over its invasion of Ukraine by banning exports of certain goods and agricultural commodities. Exporting telecom, medical, auto, agricultural,…
LONDON – The European Central Bank’s announcement on Thursday that it plans to end stimulus in the third quarter of 2022 shows that policymakers across the developed world remain laser-focused…
JACKSON, NJ – The Jackson Township Council and Mayor Michael Reina have announced the hiring of Stephen Dnistrian, of Steve – Brand and Communications, a public relations consultant after settling…
-Electric-car maker Tesla Inc on Wednesday raised prices of its U.S. Model Y SUVs and Model 3 Long Range sedans by $1,000 each and some China-made Model 3 and Model…
By Sonali Paul and Praveen Menon MELBOURNE/WELLINGTON – Phones are ringing off the hook in Australia as buyers hunt for supplies of coal, gas and wheat to replace cargoes from…
By Tim Hepher and Jamie Freed – Russia published a draft law on Thursday that could prevent its airlines returning leased aircraft, raising the stakes in a showdown with Western…
MILAN – Stellantis will produce its best-selling Fiat Panda small car at its Pomigliano plant in southern Italy until 2026, metal workers unions said on Thursday after the carmaker met…
– Holiday inn-owner IHG said on Thursday it was suspending future investments, development activity and new hotel openings and will close its Moscow office following Russia’s invasion of Ukraine. The…
By Katanga Johnson WASHINGTON – The U.S. Securities and Exchange Commission (SEC) will vote on a landmark climate-risk measure on March 21, the agency said on Thursday. The notice of…
By Svea Herbst-Bayliss BOSTON – Ryan Cohen’s RC Ventures LLC, which owns nearly 10% of Bed Bath & Beyond, has hired a proxy solicitor, signalling the firm is ramping up…
FRANKFURT – The European Central Bank has no intention of raising interest rates until some time after it has ended its bond buying at the end of the third quarter,…
PARIS/BERLIN – Volkswagen unveiled a production version of its long-awaited ID. Buzz van in Paris on Wednesday, an electric reincarnation of its Microbus or Kombi, due to go on sale…
By Victoria Waldersee BERLIN – BMW more than doubled pre-pandemic earnings in 2021 to 16 billion euros ($17.67 billion), the company said on Thursday, as higher prices and strong sales…
– Peloton Interactive Inc said on Thursday it would explore various pricing models in select U.S. markets, as the exercise bike company looks to attract more customers and return to…
– Bank of New York Mellon Corp said on Thursday vice chair Robin Vince would become the company’s chief executive officer, replacing Todd Gibbons who will retire later this year.…
By Valerie Volcovici and Nichola Groom – The U.S. oil industry and President Joe Biden’s administration are clashing over who is to blame for tight energy supplies that have driven…
LONDON – Britain imposed sanctions on Chelsea soccer club owner Roman Abramovich and Igor Sechin, chief executive of Russian oil giant Rosneft, hitting them with asset freezes and travel bans…
By Maha El Dahan DUBAI – Confusing messages from No. 3 OPEC producer the United Arab Emirates about whether it supported higher output or not stoked volatility in the oil…
By Shadia Nasralla LONDON – Shell faces writedowns on $400 million in Russian downstream assets, it said on Thursday, having announced $3 billion worth of other projects previously. The oil…
By Simon Jessop LONDON – The aviation industry needs to take “urgent action” to align with the world’s climate goal, including curtailing growth in air travel and rapidly scaling up…
– Anthem Inc said on Thursday it intends to change its name to Elevance Health Inc, as the company looks to shift its focus beyond the health insurance business. The…
By Samuel Shen and Xie Yu HONG KONG/SHANGHAI – China’s securities regulators are gathering information from futures brokerages about their clients’ short positions in nickel to prevent spillover risks from…
By Hannah Lang – Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with…
– Hotel chain Marriott International Inc said on Thursday it has decided to pause the opening of upcoming hotels and all future hotel development and investment in Russia, following Moscow’s…