Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
Oil, gas, wheat and aluminium jump as Russia sanctions bite
By Pratima Desai LONDON – Oil prices jumped to near eight-year highs and wheat to 14-year peaks, while aluminium, Dutch gas and European coal prices hit records as Western sanctions on Russia…
Puma says deliveries stopped to Russia but stores open
BERLIN – German sportswear company Puma said on Wednesday that deliveries to Russia have been stopped but its 100 stores in the country are open. Russia and Ukraine accounted for less than…
Canada Goose suspends sales in Russia after Ukraine invasion
– Luxury retailer Canada Goose Holdings Inc said on Wednesday it would suspend all wholesale and e-commerce sales to Russia, becoming the latest company to respond to the country’s invasion of Ukraine.…
ExxonMobil Joins Other Big Oil Companies In Withdrawing From Russia
U.S. Big Oil corporation ExxonMobil joined multiple other multinational energy firms in announcing that it would distance itself from Russian business ventures Tuesday. The American energy giant announced that it would begin…
European gas prices touch new highs as Russia supply fears grow
By Susanna Twidale LONDON – European and British gas prices soared on Wednesday, with a benchmark Dutch gas price hitting a record high as countries said EU sanctions against Russia could target gas…
Global banks eschew risk as they navigate Russia sanctions quagmire
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 entities and…
Airbus halts Russia parts, studying engineering centre options
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 to local…
TV Tower Over Thousand Feet Tall Explodes After Russia Warns Of Missile Strikes
A television tower in Kyiv, Ukraine, was targeted in a missile strike that killed five people just minutes after Russia warned Ukrainians to flee the region, The Mirror reported. It remains unclear…
Apple Stops Selling All Products In Russia, Drops State-Backed Media Apps
Apple announced Tuesday it would pause the sale of all products in Russia, citing the country’s invasion of Ukraine. “We are deeply concerned about the Russian invasion of Ukraine and stand with…
Tiny imploding Russia fund draws rush of options bets
By Saqib Iqbal Ahmed NEW YORK – Options on a small, soon-to-be defunct exchange-traded fund tracking Russian stocks drew a rush of trading on Tuesday, as investors placed bets on what the…
BMW halts export of cars to Russia, expects production interruptions
FRANKFURT – The German carmaker BMW said on Tuesday it had halted the export of cars to Russia and would stop production on the ground there. The company also said it expected…
U.S. banks’ Russia exposure unclear; risk of long-term impacts – analysts
By Elizabeth Dilts Marshall NEW YORK – U.S. banks’ exposures to Russia may not be fully understood by investors due to a lack of transparency in disclosures made so far, and banks…
U.S. shipper UPS halts overflights of Russia
WASHINGTON – U.S.-based United Parcel Service Inc said Tuesday it has halted overflights of Russia as the White House continues to debate whether to close U.S. airspace to Russia. A UPS spokesman…
Asset managers freeze $3 billion in Russia funds in market turmoil
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds totalling over $3 billion in assets, as…
Philadelphia Credit Card Fraudsters Used Over 200,000 Illegal Cards Tied to Russia, Ukraine Black Market
PHILADELPHIA, PA – The Department of Justice has announced global credit card fraudsters Malan Doumbia, 38, and Souleymane Diarra, 36, both of Philadelphia, PA, were convicted after trial of nine counts including…
Russia says Meta, Google should be held accountable for ‘inciting war’ -Ifax
MOSCOW – Russia’s Foreign Ministry on Tuesday said a system should be created to hold western tech giants, including Meta Platforms Inc and Alphabet’s Google, responsible for what it called “inciting war”,…
JPMorgan says Russia remains part of its emerging debt indexes, new bonds excluded
LONDON – JPMorgan said on Tuesday that Russian debt remained part of its emerging market bond indexes for now but that new debt issued by sanctioned Russian entities would not be included…
Nokia stops deliveries to Russia
– Nokia will stop deliveries to Russia to comply with sanctions imposed on the country following the invasion on Ukraine, the Finnish network equipment maker said on Tuesday. “This is a complex…
Russia to spend up to $10 billion from rainy-day fund on buying Russian shares, source says
– The Russian government has ordered the finance ministry to channel up to 1 trillion roubles ($10.3 billion) from the National Wealth Fund to buy shares in Russian companies, a source close…
TotalEnergies: will no longer provide capital for new projects in Russia
PARIS – TotalEnergies said it will no longer provide capital for new projects in Russia. “TotalEnergies supports the scope and strength of the sanctions put in place by Europe and will implement…
Volkswagen’s Skoda limits some output due to Ukraine, production in Russia still running
PRAGUE – Czech carmaker Skoda Auto, part of Volkswagen, will limit some production at its domestic plants due to supply shortages after Russia’s invasion of Ukraine, while it said its Russian operations…
Hyundai to stop plant in Russia on March 1-5 amid supply crunch, Ifax says
MOSCOW – Hyundai Motor Co will suspend its car assembly plant in Russia’s St Petersburg on March 1-5 due to supply chain interruptions, Interfax newsagency reported on Tuesday, citing a company official…
Japan, U.S. finance chiefs pledge ‘maximum costs’ for Russia
TOKYO – Japan and the United States pledged on Tuesday to work together to force Russia to “pay the high price” for its invasion of Ukraine, Finance Minister Shunichi Suzuki said on…
California pension leaders differ on Russia divestment
By Ross Kerber BOSTON -Top California pension leaders on Monday offered different takes on whether the state’s big retirement funds should divest from Russian assets in the wake of the invasion of…
Shell Becomes Latest Big Oil Company To Distance Itself From Russia
Big Oil corporation Shell announced Monday that it would leave its partnership and ventures with Russian state-controlled energy giant Gazprom. Shell will divest from its 27.5% stake in the Sakhalin-II liquefied natural…
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