BUSINESS

Europe's financial sector suffered heavy share price falls on Thursday, with U.S. banks set to follow suit, as it grappled to respond to Russia's invasion of Ukraine.

Financial firms from Frankfurt to Wall Street suffered heavy share price falls on Thursday as they grappled with the impact of Russia's invasion of Ukraine, digested newly-imposed sanctions and rushed to advise clients on how to respond.

Rolls-Royce Chief Executive Warren East will step down by the end of the year after steering the aero-engine maker through the worst of the pandemic, though fresh challenges loom following Russia's invasion of Ukraine.

Russia attack on Ukraine reverberates in energy-rich Gulf

Talk of consolidation among European mobile carriers has grown louder with several executives voicing support as cut-throat price wars drive up debt and limit funds for 5G network upgrades.

Vodafone boss Nick Read believes competition regulators have eased their opposition to takeovers; all that remains is to test the theory by triggering a deal that could lead to a wave of European consolidation and appease long-suffering investors.

Mercedes-Benz will focus on its most luxurious vehicles and bring more software in-house to tackle higher costs and supply chain bottlenecks which are likely to continue to weigh on returns, the company said on Thursday.

Anheuser-Busch InBev forecast on Thursday its profit would increase this year as consumers have more opportunities to drink outside of their homes after ending 2021 with stronger results than expected due to higher prices.

Anheuser-Busch InBev, the world's largest brewer, forecast on Thursday that its profit would increase in 2022, in line with its medium-term growth range, after ending 2021 with stronger results than expected.

'Unprovoked and unjustified': world reacts to attack on Ukraine

Scrounging for food in 'hunger hotspot' Colombia

Memory hole: Kashmir news archives vanish

Battle over future of spytech firm NSO: Israel court papers

China's Tencent Holdings Ltd plans to achieve carbon neutrality in its operations and supply chain by the end of the decade, the firm said on Thursday.

European stocks plunge, oil tops $100 as Russia invades Ukraine

Virus-hit Hong Kong invokes emergency powers to allow in China medics

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.

Oil prices surged, with Brent breaching $100 a barrel for the first time since 2014 on Thursday as Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy supplies.

Oil breached $100 a barrel for the first time since 2014 on Thursday as Russia moved troops into Ukraine, sparking concerns that a war in Europe could disrupt global energy supplies.

Oil prices surged on Thursday, with Brent breaching $100 a barrel for the first time since 2014, after Russia attacked Ukraine, exacerbating concerns that a war in Europe could disrupt global energy supplies.

Oil prices jumped on Thursday, with Brent rising above $105 a barrel for the first time since 2014 before easing, after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.

Lebanese turn to public libraries to check out of financial crunch

Global stocks and U.S. bond yields dived on Thursday, while the dollar, gold and oil prices rocketed higher as Russian forces fired missiles at several Ukrainian cities and landed troops on its south coast.

Investors have also been grappling with the prospect of imminent policy tightening by the U.S. Federal Reserve aimed at combating surging inflation.

The Russian rouble tumbled to a record low and European currencies including the euro bore the brunt of selling on Thursday after Russia launched an invasion of Ukraine, sparking dramatic moves across foreign exchange markets.

The euro weakened and safe-haven currencies including the U.S. dollar were in demand on Thursday amid intensifying fears of an imminent full-scale Russian invasion of Ukraine.

The U.S. dollar jumped to its highest level in nearly two years and the Russian rouble plunged to a record low on Thursday after Russia launched an invasion of Ukraine, as investors fled risk assets and moved toward safe-haven assets.

The Russian ruble tumbled to a record low on Thursday, while the euro sank to a multi-year low to the Swiss franc after Russian forces fired missiles at several Ukrainian cities and landed troops on its south coast.