BUSINESS

Russia published a draft law on Thursday that could prevent its airlines returning leased aircraft, raising the stakes in a showdown with Western finance over $10 billion of jets.

BMW more than doubled pre-pandemic earnings in 2021 to 16 billion euros ($17.67 billion), the company said on Thursday, as higher prices and strong sales of top-end cars boosted revenue despite supply chain constraints.

The aviation industry needs to take "urgent action" to align with the world's climate goal, including curtailing growth in air travel and rapidly scaling up use of sustainable aviation fuels, a report on Thursday said.

Gold steadied near the $2,000 an ounce level on Thursday, after big gyrations over the past couple of sessions, as its safe-haven appeal was supported by a lack of progress in talks between Russia and Ukraine.

Gold bounced above the $2,000 an ounce level on Thursday following a sharp correction in the last session as a lack of progress with the Russia-Ukraine talks re-ignited a shift into safe-haven assets.

Gold firmed on Thursday after a sharp correction in the previous session as worries over the Russia-Ukraine crisis persisted after no progress was made in talks between the two sides, while key U.S.

China's securities regulators are gathering information from futures brokerages about their clients' short positions in nickel to prevent spillover risks from rocketing prices this week, three people with knowledge of the matter said on Thursday.

Victims of America's opioid epidemic confronted members of the Sackler family that owns Purdue Pharma on Thursday with wrenching stories of suffering they said was caused by the painkillers that built the company fortune.

Victims of America's opioid epidemic confronted members of the Sackler family that owns Purdue Pharma on Thursday with wrenching stories of suffering they said was caused by the painkillers that built the company fortune.

The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis, may now help limit the economic damage from Russia's invasion of Ukraine.

General Electric Co on Thursday reiterated its 2022 earnings forecast, but said Russia's invasion of Ukraine has added to business uncertainty.

General Electric Co on Thursday reiterated its 2022 earnings forecast, but said Russia's invasion of Ukraine has added to business uncertainty.

Credit Suisse reveals over $900 million exposure to Russia

From 'puppets' to players: Ukraine war reveals shift for US's Gulf allies

In reversal, Uniqlo suspends business in Russia

Shell faces writedowns on $400 million in Russian downstream assets, it said on Thursday, having announced $3 billion worth of other projects previously.

Phones are ringing off the hook in Australia as buyers hunt for supplies of coal, gas and wheat to replace cargoes from Russia and war-torn Ukraine, but local producers are being hampered by infrastructural and labour constraints.

The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes of the financial system to the mainstream, a top official said.

China's securities regulator has barred the country's investment banks it regulates from acting as promoters of blank-check firms in Hong Kong, three people with knowledge of the matter said, cutting off a potentially lucrative business.

Bayer sells pest control unit for $2.6 bn

Japanese brands Uniqlo and Japan Tobacco made U-turns and said they were stopping business in Russia, joining the corporate crowd shunning Moscow on Thursday, and Britain escalated sanctions against oligarchs including Chelsea soccer club owner Roman Abramovich.

Rio Tinto became the first major mining company to cut ties with Russian businesses and Japan's Sony and Nintendo suspended deliveries of their gaming consoles, joining a global corporate exodus from Russia over its invasion of Ukraine.

Britain froze the assets of Roman Abramovich, owner of Chelsea soccer club, on Thursday in an escalation of sanctions against associates of Vladimir Putin, while mining giant Rio Tinto joined the corporate exodus from Russia.

Rich Russians are trying to shift some of their wealth from Europe to Dubai to shield assets from a tightening wave of Western sanctions on Russia over its invasion of Ukraine, financial and legal sources said.

'Graft probes and power games': Xi's corruption drive turns to cash trail

Russia's invasion of Ukraine has stalled a travel recovery for airlines and led to a 23% fall in flight bookings within Europe and a 13% fall in trans-Atlantic bookings in the first week, travel data firm ForwardKeys said on Thursday.

Confusing messages from No. 3 OPEC producer the United Arab Emirates about whether it supported higher output or not stoked volatility in the oil market as consuming nations sought extra crude on Thursday to replace dwindling Russian supplies.

S. Korea's new president to teach 'rude boy' Kim Jong Un some manners

Capital-hungry smaller Chinese startups are vying for speedy offshore listings by merging with blank-check firms at a time when Beijing's tighter scrutiny has slowed capital raising via overseas IPOs, company executives and bankers said.