BUSINESS

The new boss of Salvatore Ferragamo aims to boost sales by revitalising its product offer, though the Italian luxury group said the war in Ukraine and the lingering pandemic in some areas meant it could not give an outlook for 2022.

Japan is unlikely to slide into stagflation, a condition where rising inflation and shrinking economic growth co-exist, a senior central bank official said on Wednesday.

Florida lawmakers pass controversial 'Don't Say Gay' schools bill

The global platinum market was hugely oversupplied in 2021, the World Platinum Investment Council (WPIC) said on Wednesday as it predicted another large surplus of the metal this year.

U.S. officials have demanded Venezuela supply at least a portion of oil exports to the United States as part of any agreement to ease oil trading sanctions on the OPEC member nation, two people close to the matter said.

Investors managing $2.4 trillion are calling on Credit Suisse to take tougher climate action, including cutting its exposure to fossil fuel assets.

Moderna made the announcement on Monday, which will open up COVID-19 vaccine availability to at least 92 low- to middle-income countries.

Tesla Inc defended the safety benefits of its advanced driver assistance system Autopilot and its Full Self-Driving (FSD) capability but acknowledged they require "constant monitoring and attention of the driver."

Britain said on Tuesday it would force Google, Facebook, Twitter and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups for a stronger crackdown on scams.

Italy's second-biggest bank UniCredit said a full write-off of its Russian business, including cross-border exposure, would cost around 7.4 billion euros ($8.1 billion), leaving its capital distribution plans hanging by a thread.

A senior Netflix Inc executive said on Tuesday the company had no current plans to offer a streaming option that included advertising but declined to rule it out in the future.

The current economy is showing signs of repeating a pattern from the 1970s.

U.S. shale producers are unlikely to replace banned Russian oil imports due to a shortage of oilfield materials, equipment and labor and a dwindling backlog of wells waiting to be completed, energy executives and analysts said on Tuesday.

Coca-Cola, PepsiCo say they will halt business in Russia

An auditor has questioned SoftBank's bookkeeping at the French unit that designed its Pepper robot, documents show, casting doubt on the Japanese firm's treatment of a subsidiary it is now trying to sell as the venture has floundered.

Twenty-two states urged a U.S. appeals court to uphold new federal rules to reduce vehicle emissions by 28.3% through 2026, after other states and industry participants challenged the planned changes.

The United States and its allies will look for ways to impose sanctions on companies under Russian metals and telecoms tycoon Alisher Usmanov's control without raising the price of commodities, a U.S.

A rate hike cycle that started last year and low valuations had already made Latin America a darling destination for investors in 2022, and the Russian invasion of Ukraine is likely to keep cash flowing to the commodity-exposed region.

Starbucks says it will suspend operations in Russia

Walmart Inc, the world's largest retailer, will offer its Walmart Plus membership service free for part-time and full-time workers in the United States, it said on Tuesday, joining a growing list of retailer perks being offered in a tight labor market.

Russia's war in Ukraine: Latest developments

Europe's economy is likely already in a recession as a result of the Russian invasion of Ukraine and the U.S.

Ukraine has urged cloud-computing and software giants including Microsoft Corp and SAP SE to cut off Russia to stop Moscow's invasion. Here's what's at stake.

Uber drivers are protesting on social media over record U.S.

The New York Times announced today, in line with many Western outlets, that it would suspend operations in Russia, responding to a new law that prohibits describing the invasion of Ukraine as a "war."

S. Korea chooses new president with inequality key concern

As hundreds of Western businesses exit Russia over its invasion of Ukraine, a Yale professor has shared a list of those that are not following them out the exit.

Utah-based cryptocurrency exchange CoinZoom is pausing applications for new accounts within Russia following the country's escalating conflict in Ukraine, the company's chief executive officer told Reuters.

BBC to resume English-language reporting from Russia