BUSINESS

British department store retailer John Lewis will this summer abandon the "Never Knowingly Undersold" price pledge it has maintained since 1925, it said on Friday.

Hong Kong's Omicron-fuelled outbreak spreads within prisons

European bank shares rebounded early Friday from steep falls a day earlier, even as bankers wrestle with the impact of a slew of sanctions following Russia's invasion of Ukraine.

European bank shares started to rebound on Friday after steep falls a day earlier, as bankers grapple with the potential impact of a slew of sanctions following Russia's invasion of Ukraine.

Stellantis' Jeep will launch two new sport-utility vehicles (SUVs) in India this year to boost sales in a market where it has struggled to establish a meaningful presence.

Porsche's potential initial public offering (IPO) could happen as soon as the fourth quarter of 2022, the finance chief of the luxury carmaker's owner Volkswagen said on Friday, providing further details of what could become a record listing.

Pearson launched a share buyback and set medium-term growth goals on Friday, sending its shares up 11% on hopes that the global education group had finally turned a corner on years of turbulence.

British Airways-owner IAG cancelled flights to Moscow and pledged to avoid Russian airspace on Friday as the invasion of Ukraine and surging oil prices threatened its post-pandemic return to profitability.

French car parts maker Valeo said on Friday it expected to report lower core profit margin this year amid geopolitical tensions and inflationary pressures, after 2021 margin missed the group's target.

Bosnians head abroad or despair at home amid secession threats

Casino shares slumped on Friday after the supermarket group reported a 12% drop in operating profit on lower sales last year and reignited investor concerns over high debts and low cash flows.

Cellnex reported a 63% rise in adjusted core earnings in 2021 to 1.92 billion euros ($2.15 billion) on Friday as Europe's largest mobile phone tower operator expands ahead of the roll-out of next-generation 5G technology.

Cellnex said on Friday its net loss more than doubled in 2021 as Europe's largest mobile phone tower operator took on higher costs related to expansions and job cuts.

Cellnex remains interested in expanding into Germany Europe's largest mobile phone tower operator said on Friday after it reported a 63% rise in adjusted core earnings in 2021 to 1.92 billion euros ($2.15 billion).

Hong Kong and Singapore virus response a tale of two very different cities

Medvedev marks rise to No. 1 with Acapulco win

'I lost my youth': Women jailed for miscarriages in El Salvador

Australia 'comfortable' with security on eve of Pakistan tour

Two dead as 6.2-magnitude earthquake strikes Indonesia's Sumatra

Ukrainian and Russian troops fight on streets of capital Kyiv

In late November 2019, after winning Sri Lanka's presidential election and months ahead of a parliamentary ballot that would again test his popularity, Gotabaya Rajapaksa gathered his cabinet and made good on a campaign promise to slash taxes.

Virgin Atlantic and British Airways both began routing flights around Russian airspace on Friday after London and Moscow banned each other's airlines in tit-for-tat retaliation over Russia's invasion of Ukraine.

The fallout to the global aviation industry from Russia's invasion of Ukraine spread on Friday as two more European countries banned Russian carriers and the European Union said it would restrict exports of aircraft parts.

Alaska's Anchorage Airport said airlines have started making inquiries about capacity in case routes over Russia are impacted due to the Ukraine crisis, in a sign of the conflict's growing fallout for the global aviation industry.

The fallout to the global aviation industry from Russia's invasion of Ukraine is spreading beyond the airspace closings over the conflict zone as airlines, lessors and manufacturers face up to growing risks of doing business with Russia.

Stocks rebound as traders weigh Russia sanctions; oil slips

Asian shares regained ground on Friday, following Wall Street's overnight lead as U.S.

Stocks around the world were rebounding on Friday and U.S.

Oil prices jumped on Friday by nearly 3% on concerns of global supply disruptions from the impact of trade sanctions on major crude and fuel exporter Russia after it invaded Ukraine.