By Lucia Mutikani WASHINGTON – The number of Americans filing new claims for unemployment benefits dropped to their lowest level this year last week, while layoffs declined sharply in February, …
"business"
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- Financial News
European shares slide 2% as Russia sanctions fan growth worries
by Reutersby Reuters– European shares closed sharply lower on Thursday as concerns over the impact of mounting sanctions against Russia weighed on sentiment even as a relentless rally in commodity prices boosted …
- Financial News
U.S. Treasury warns crypto firms on Russia cybersecurity threat – source
by Reutersby ReutersBy Hannah Lang – The U.S. Treasury Department has reached out to cryptocurrency companies about their cybersecurity controls amid concerns that Russia could wage retaliatory cyber attacks in response to …
- Financial News
Gas and aluminium hit fresh records; oil, wheat soar on supply turmoil
by Reutersby ReutersBy Eric Onstad, Naveen Thukral and Gavin Maguire LONDON/SINGAPORE – Commodity prices raced still higher on Thursday as Russia’s invasion of Ukraine entered a second week, disrupting global raw material …
- Financial News
No restrictions on paying debts to non-residents in FX, says Russian central bank
by Reutersby ReutersMOSCOW – No restrictions stopping people from paying debts in foreign currency to a foreign company or bank have been introduced, Russia’s central bank said in a question and answer …
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(Corrects employment historical in paragraph 6 to June 2021 from January 2021) WASHINGTON – A measure of U.S. services industry activity dropped to a one-year low in February and employment …
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– Jack Daniel’s maker Brown-Forman Corp said on Thursday it has paused hiring for its own distribution business in Russia following the country’s invasion of Ukraine. The company, which gets …
- Financial News
Kroger’s digital push to drive 2022 sales, profit higher; shares jump
by Reutersby ReutersBy Deborah Mary Sophia – Kroger Co forecast annual same-store sales and profit above market expectations, encouraged by strong demand for its pick-up and delivery services as well as sustained …
- Financial News
IKEA temporarily closes stores in Russia, flags bigger price hikes
by Reutersby ReutersBy Anna Ringstrom STOCKHOLM – IKEA, the world’s biggest furniture brand, is closing its stores in Russia and pausing all sourcing in the country and ally Belarus, joining the wave …
- Financial News
Tennis-WTA’s stance over China’s Peng paves way for multi-year Hologic deal
by Reutersby Reuters– The Women’s Tennis Association’s (WTA) stance in the case of Chinese player Peng Shuai has helped the organisation secure a multi-year title sponsorship deal with American medical device maker …
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BERLIN – The German unit of the Gazprom-led Nord Stream 2 gas pipeline said on Thursday it will probably be wound up after the German government halted the project’s certification …
- Financial News
Supply woes lift Palladium to 7-month peak, gold firms on Ukraine crisis
by Reutersby ReutersBy Brijesh Patel – Palladium extended gains to a more than seven-month high on Thursday, spurred by concerns over supply shortages following harsh sanctions on top-producer Russia, while the Ukraine …
- Financial News
Canadian Natural Resources sidesteps winter hit to post profit surge
by Reutersby Reuters– Canadian Natural Resources Ltd surpassed quarterly profit estimates on Thursday and raised its dividend as the oil and gas producer sidestepped a hit from harsh winter to cash in …
- Financial News
Exclusive-Regulators prepare for possible closure of VTB in Europe – sources
by Reutersby ReutersBy John O’Donnell and Tom Sims FRANKFURT – Regulators are preparing for a possible closure of the European arm of Russia’s second-largest bank, VTB Bank, amid growing concerns about the …
- Financial News
Google mandates workers back to Silicon Valley, other offices from April 4
by Reutersby ReutersBy Paresh Dave OAKLAND, Calif. – Alphabet Inc’s Google from April 4 will require employees back about three days a week in some of its U.S., U.K. and Asia Pacific …
- US and World News
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China
World Bank Makes Big Show Of Cutting Off Russia Just Weeks After Being Accused Of Oppressing Uyghurs In China Ailan Evans on March 3, 2022 The World Bank announced Wednesday …
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WASHINGTON – New orders for U.S.-made goods increased more than expected in January, pointing to continued strength in manufacturing despite supply challenges. The Commerce Department said on Thursday that factory …
- Financial News
Saudi crown prince plays the oil card in quest for U.S. recognition
by Reutersby ReutersBy Marwa Rashad, Samia Nakhoul and Ghaida Ghantous DUBAI – Saudi Arabia’s crown prince says he simply doesn’t care whether Joe Biden misunderstands him. The prince is instead looking to …
- Financial News
Best Buy sales rebound forecast lifts shares after tough holiday season
by Reutersby ReutersBy Uday Sampath Kumar – Best Buy Co Inc said on Thursday it expects annual sales to surpass peak pandemic levels in 2024, propelled by the top U.S. electronics retailer’s …
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By Valentina Za MILAN – The latest wave of sanctions on Russia over its invasion of Ukraine has thrown the global banking industry deeper into turmoil, as Western countries try …
- Financial News
SocGen fears confiscation of Russia assets as banks prepare for worst
by Reutersby ReutersBy Tassilo Hummel and Tom Sims PARIS/FRANKFURT – Societe Generale on Thursday warned of the possibility that Russia could strip the bank of its local operations, in one of the …
- Breaking NewsNew York NewsPolice Blotter
Bank Employee Pleads Guilty to Credit Card Fraud
by Adam Devineby Adam DevineBUFFALO, NY – 53-year-old former Buffalo bank employee has pleaded guilty to grand larceny, identity theft, and a scheme to defraud after operating a credit card scam using debit card …
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By Carolyn Cohn and William James LONDON – Britain will ban Russian companies from the multi-billion dollar aviation and space insurance market in London, the world’s largest commercial and speciality …
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By Howard Schneider WASHINGTON – Global supply chain pressures eased in February as backlogs and delivery times improved in several key markets and a measure of ocean shipping costs declined, …
- Financial News
Factbox-European and U.S. companies mobilise to help Ukrainians fleeing war
by Reutersby Reuters– Companies across Europe and North America have begun offering aid to Ukrainian authorities and people fleeing war following Russia’s invasion, as over a million leave their homes and head …