"business"

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 …

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 …

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. …

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 …

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 …

– Companies have limited, put on hold or exited business activities in Russia following a wave of sanctions imposed after Moscow’s invasion of Ukraine. Below is a list of companies …

By Huw Jones LONDON – The London Stock Exchange Group said on Thursday that applying financial sanctions on Russia following Moscow’s invasion of Ukraine would have only a minor impact …

By Aditya Kalra and Abhirup Roy NEW DELHI – Amazon.com Inc and India’s second-largest retailer Future Group have agreed to talks proposed by the U.S. e-commerce giant, seeking to resolve …

LONDON – Spirits company Diageo, the maker of Smirnoff vodka and Guinness, has paused exports to Ukraine and Russia, the company said on Thursday. “Our priority is the safety of …

By David Milliken LONDON – Price rises in Britain’s services sector last month were the most widespread in more than 25 years as businesses recovered from the Omicron wave of …

BRUSSELS – The European Union is considering excluding banks in Belarus from the SWIFT messaging system that underpins the global financial transactions, as it has already done for seven Russian …

– Citigroup upgraded U.S. equities to “overweight” rating on Thursday on analysts’ expectations of a revival in appetite for growth stocks due to a sharp drop in bond yields following …

By Farah Master HONG KONG – Hong Kong’s subway operator, bus and ferry companies, and one of its biggest supermarket chains, are cutting back services due to a worsening COVID-19 …

By Tony Munroe BEIJING – Under President Xi Jinping, China has pushed for self-reliance in key areas of technology and the payments needed to settle trade to minimise its vulnerability …

By Engen Tham and Julie Zhu – Top Chinese banks are rushing to ensure they can maintain business ties with Russian clients without running afoul of a barrage of Western …

By Samuel Shen and Andrew Galbraith SHANGHAI – The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, …

BERLIN – The German state of Brandenburg has called a news conference for Friday at which it will announce its decision on approval for the planned Tesla gigafactory near Berlin, …

MOSCOW – Russia’s finance ministry said on Thursday that it was halting purchases of foreign currency and gold for this year as part of a suspension of parts of its …

By Uditha Jayasinghe and Devjyot Ghoshal AGBOPURA, Sri Lanka – W.M. Seneviratne sat watching a mechanised harvester slice through the jade green fields around him in eastern Sri Lanka’s Agbopura …

MADRID – Activity in Spain’s services sector bounced back in February from a brief contraction in January, when restrictions on travelling and socializing were reimposed to curb the Omicron variant …

A look at the day ahead in markets from Sujata Rao Minutes from the European Central Bank’s February meeting are due later on Thursday but last month’s shock hawkish pivot …

BERLIN – Germany’s Lufthansa, which narrowed its losses in 2021 but remained in the red, said it could not provide a detailed outlook for 2022 due to the war in …

BERLIN – German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics Office reported on Thursday. In …

By Ludwig Burger FRANKFURT -Germany’s Merck KGaA expects strong earnings growth this year as its laboratory gear division benefits from drugmakers’ efforts to explore new biotechnologies, even as demand related …

TOKYO – Japanese chipmaker Renesas Electronics Corp announced on Thursday it will set up a design centre with India’s Tata Elxsi Ltd to jointly develop electric vehicle (EV) technology as …