New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
Factbox-Countries and companies shun Russian crude over Ukraine invasion
– Russian gas flows to Europe remain stable, but Western sanctions over Moscow’s invasion of Ukraine and voluntary actions by buyers are starting to impact its oil sales. Some European buyers appear…
Head of Russia’s Sibur quits management over sanctions
– Sibur, Russia’s largest petrochemical producer, said on Wednesday that Dmitry Konov, who has been the company head since 2006, is leaving senior management positions following Western sanctions over Ukraine. It said…
Japan to revoke Russia’s most-favoured nation trade status – PM Kishida
By Kantaro Komiya and Leika Kihara TOKYO -Japan will revoke Russia’s most-favoured nation trade status as part of further sanctions against Moscow following the invasion of Ukraine, Prime Minister Fumio Kishida said…
For Dutch province, Ukraine war is a call to pump natural gas
By Anthony Deutsch OVERSCHILD, Netherlands -Images of bombed-out hospitals and apartment buildings across Ukraine reminded Jannie and Bert Schrage of their home country during World War Two. Then the retired couple, who…
Brazil unveils plan to cut taxes on forex transactions by 2029
BRASILIA – Brazil’s government published a decree on Tuesday to phase out taxes on financial operations using foreign exchange, known as IOF taxes, as part of an effort to join the Organization…
Acacia Research taps Starboard SPAC executive as M&A chief
By Svea Herbst-Bayliss BOSTON – Acquisition platform Acacia Research Corp, backed by activist fund Starboard Value and a recent bidder for retailer Kohl’s Corp, appointed one of the hedge fund’s senior executives…
ISS recommends two of Starboard’s four Huntsman board director candidates
By Svea Herbst-Bayliss BOSTON – Proxy adviser Institutional Shareholder Services (ISS) on Monday recommended that Huntsman Corp investors elect two of activist investment firm Starboard Value’s four director nominees to the chemical…
Analysis-Ukraine war upending central Europe’s post-COVID car revival
By Jason Hovet and Gergely Szakacs PRAGUE – Russia’s invasion of Ukraine is hitting hopes of renewed growth in central Europe’s car industry this year following the pandemic, stoking risks of sharper…
U.S. to ban imported Russian alcohol, seafood -source
WASHINGTON – The United States will ban imports of Russian alcohol and seafood, a source familiar with the situation told Reuters on Friday, in another action to impose costs on Russia for…
How much extra oil could OPEC+ pump to cool prices?
By Alex Lawler LONDON – Saudi Arabia and the United Arab Emirates are among the few oil producers globally with spare capacity they could draw on quickly to increase output, help offset…
Ukraine’s farmers stalled, fueling fears of global food shortages
By Maurice Tamman, David Gauthier-Villars, Sarah McFarlane and Sarah El Safty – The Russian invasion of Ukraine threatens millions of tiny spring-time sprouts that should emerge from stalks of dormant winter wheat…
Global financial conditions at tightest since May 2009 – Goldman Sachs
By Yoruk Bahceli – Global financial conditions have reached their tightest since May 2009, according to a widely watched Goldman Sachs index, a possible sign of a world economic slowdown. Financial conditions…
Don’t take Russia back to 1917, Russian metals king Potanin warns
By Guy Faulconbridge LONDON -Confiscating the assets of companies that have fled Russia since the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days…
Domino’s Russian arm suspends royalties but pizza outlets remain open
– The Russian franchisee of global pizza chain Domino’s has suspended royalty payments from its restaurants in Russia and will limit further investment in the country following Moscow’s invasion of Ukraine, it…
Nestle says halts non-essential food exports and imports to Russia
ZURICH – Nestle has stopped exporting and importing non-essential food items such as Nespresso coffee or S.Pellegrino water from and to Russia, a spokesperson told Reuters on Friday. The Swiss food group…
U.S. IRS plans 10,000 hires to help clear millions of unprocessed tax returns
WASHINGTON – The Internal Revenue Service plans to launch job fairs and other efforts to hire 10,000 new employees over the next several months to help clear millions of unprocessed tax returns,…
Russian prosecutors ask court to name Meta as “extremist organisation” – Interfax
– Prosecutors have asked a Russian court to designate Facebook’s parent organisation Meta Platforms as an “extremist organisation,” Interfax reported on Friday. The state prosecutor also asked Russia’s communications watchdog to restrict…
Russia looking at sourcing aircraft spare parts from Asia
-Russia is working on sourcing spare parts for aircraft from China and other Asian countries, the transport ministry said on Friday, and has not yet decided whether to buy foreign airplanes leased…
Insurance broker Marsh to exit Russia
– Marsh & McLennan, the world’s largest insurance broker, said on Thursday it will exit all of its businesses in Russia. “We intend to transfer ownership of our Russian businesses to local…
Warner Music Group says it is suspending operations in Russia
– Warner Music Group said Thursday it is suspending operations in Russia, as all three major labels have issued a call for an end to the violence in Ukraine. Warner Music said…
Lebanon’s financial hole expected to grow, deputy PM says
BEIRUT – A hole in Lebanon’s financial system estimated at $69 billion in September is expected to grow to $73 billion, and losses in the central bank reserve will increase while the…
Instant view: Feb US CPI jump comes as no surprise
NEW YORK – U.S. consumer prices surged in February, culminating in the largest annual increase in 40 years, and inflation is poised to accelerate further in the months ahead as Russia’s war…
Curtiss-Wright settles proxy fight with investment firm Saddle Point
By Svea Herbst-Bayliss BOSTON – Curtiss-Wright Corp on Wednesday settled a week-old proxy fight with Saddle Point Management LP after the investment firm argued that the defense company lacked strategic focus and…
Biden bans Russia oil imports to U.S., warns gasoline to rise further
By Trevor Hunnicutt, Steve Holland and Andrea Shalal WASHINGTON -U.S. President Joe Biden on Tuesday imposed an immediate ban on Russian oil and other energy imports in retaliation for the invasion of…
Aramco CEO says Ukraine invasion has accelerated global energy crisis
-Saudi Aramco CEO Amin Nasser said the “tragic situation unfolding in Ukraine” is making the global energy crisis worse, according to prepared remarks delivered at an industry conference Tuesday. Nasser, speaking at…
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