BUSINESS

Koch Industries said Wednesday that the company and its subsidiaries will not leave Russia despite public outrage.

Occidental Petroleum Corp shares rose on Thursday after Warren Buffett's Berkshire Hathaway Inc said it spent nearly $1 billion on additional shares in the oil company, giving it a 14.6% stake.

The European Commission's plan to cut dependence on Russian gas this year will be hard to achieve and could trigger a competitive and costly dash for the fuel when energy prices are already inflicting economic pain.

The price increase on the EVs comes as CEO Elon Musk warned of inflation challenges at Tesla.

Impossible Foods founder Pat Brown will step down as chief executive and hand over the role to Peter McGuinness, the former chief operating officer of Greek-yogurt maker Chobani, as the alternative meat producer expands rapidly and launches new products.

Dubai-owned P&O Ferries axes jobs to stay afloat

Irish PM's White House meeting canceled after positive Covid test

China to 'stick with' zero-Covid strategy, President Xi says

BoE hikes rate again as Ukraine war fuels inflation

Swiss watchmaker Swatch Group does not expect a material negative impact on its sales or regarding access to raw materials following Russia's invasion of Ukraine, its Chief Executive said on Thursday.

The number of Americans filing new claims for unemployment benefits fell last week as demand for labor remained strong, positioning the economy for another month of solid job gains.

Indonesia begins electric car production with Hyundai plant

Moscow stocks crash crushes financial dreams of Russians

The Bank of England raised interest rates on Thursday in a bid to stop fast-rising inflation becoming embedded, but with households facing a huge hit from soaring energy bills, it softened its language on the need for more increases.

The Bank of England raised interest rates on Thursday in a bid to keep fast-rising inflation in check but, with the economy facing a huge hit from soaring energy prices, it softened its language on the need for further increases.

Italian luxury yacht maker Ferretti Group is expected to kick off on Monday the process to list its shares in Hong Kong, aiming for a valuation of around $1 billion as it sells a 25% stake, two sources close to the matter said.

'Like Santa arriving' as freed UK-Iranians reunite with families

Dollar General Corp on Thursday forecast sales and profit for 2022 above estimates, as higher prices of everyday essentials make more Americans frugal and turn to discount stores for their groceries and household supplies.

Swiss Re, the world's second biggest reinsurer said it would no longer insure most new oil and gas projects following mounting pressure on big business to do more to help the world cap global warming.

Swiss Re, the world's second biggest reinsurer, said it would increase the number of oil and gas producers for which it refuses cover, following mounting pressure on big business to help the drive to curb a global temperature rise.

There had been concerns that the sanctions would prevent Moscow from accessing dollars to make the payment, causing a default if it used rubles instead.

Malian junta orders French broadcasters RFI, France 24 off air

U.S. corporations face an unprecedented wave of shareholder resolutions focused on ESG themes for 2022, a new review shows, as activists look to build on favorable regulatory changes and more executives seem willing to make deals.

Zelensky urges Germany to tear down new Russian 'Wall' in Europe

India's Reliance Industries Ltd, operator of the world's biggest refining complex, may avoid buying Russian fuels for its plants following Western sanctions on Moscow over its invasion of Ukraine, a senior company official said.

Some creditors have received payment, in dollars, of Russian bond coupons which fell due this week, two market sources said on Thursday, meaning that Russia for now may have averted what would have been its first external bond default in a century.

Russia said on Thursday it had made debt payments that were due this week but the announcement did not end a wait for what could be Moscow's first default on external borrowing in more than a century as several creditors said funds had yet to be received.

H&M is selling external fashion brands on its core brand's hm.com website for the first time in Sweden and Germany, with the intention of adding more brands and markets.

Russia has set out strict rules for foreigners seeking permits to buy and sell Russian securities and real estate, a client memo by Citigroup showed, as details emerge of new state controls on investment in response to Western sanctions.