IBT Staff Reporter

French food group Danone targets 3-5% annual sales growth over three years and will step up investment in its brands and part with non-performing assets under a fresh strategy outlined by new chief Antoine de Saint-Affrique on Tuesday.

The British franchisee of pizza chain Domino's is expecting more cost inflation this year and has hedged itself against wheat prices which have soared in response to the conflict in Ukraine, it said on Tuesday.

For more than a year, Amazon.com Inc and India's Future Group have been locked in a complex legal stand-off that has stalled Future's $3.4 billion sale of assets to rival Reliance Industries, the country's biggest conglomerate.

Gunmen ambushed and killed at least 62 members of a volunteer vigilante group in Nigeria's northwestern Kebbi state, the head of the group and a police spokesman said, in the worst violence to hit the state since mid-January.

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At a Kroger station in Atlanta, general contractor L.W.

At a Kroger station in Atlanta, general contractor L.W.

Sky-high oil prices resulting from a potential Russian oil import ban could force governments to pour more cash into fossil fuel subsidies to shield consumers from rising energy bills, rather than use the money to fight climate change.

Katya was on the way to hospital for an urgent operation for her 17-year-old daughter Alinka, who has bone cancer, when Russia invaded Ukraine.

Malaysia's Top Glove Corp Bhd has postponed a plan to raise $347 million in a Hong Kong listing due to elevated market uncertainty after Russia's invasion of Ukraine, its managing director said on Tuesday, confirming an earlier Reuters report.

US bans Russian oil as Ukrainians flee cities

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Morgan Stanley urged the U.S. Federal Reserve on Tuesday to take a more cautious approach to raising interest rates as Russia's invasion of Ukraine spurs already sky-rocketing global inflation.

Mining group BHP warned on Tuesday of the impact of surging commodity prices on already skyrocketing inflation following Russia's invasion of Ukraine, while nickel trading was suspended in London after prices more than doubled.

Shell stopped buying oil from Russia on Tuesday and said it would cut links to the country entirely while the United States stepped up its campaign to punish Moscow for invading Ukraine by banning Russian oil and energy imports.

McDonald's Corp said on Tuesday it would temporarily close its restaurants in Russia, becoming the latest Western company to pause all operations in the country after it moved troops into Ukraine.

McDonald's Corp and Starbucks Corp are temporarily closing hundreds of restaurants in Russia, with Coca-Cola and Pepsi among the latest Western companies to pause operations in the country after it moved troops into Ukraine.

McDonald's, PepsiCo, Coca-Cola and Starbucks stopped sales of their best-known products in Russia on Tuesday, offering a united rebuke of the war on Ukraine by companies that define America for much of the world.

Ukrainians boarded buses to flee the besieged eastern city of Sumy on Tuesday, the first evacuation from a Ukrainian city through a humanitarian corridor agreed with Russia.

The White House is expected to impose a ban on U.S. imports of oil from Russia as punishment for the invasion of Ukraine, Democratic U.S. Senator Chris Coons said on Tuesday.

U.S. President Joe Biden was expected to announce a ban on Russian oil on Tuesday, people familiar with the matter said.

The Ukrainian government on Tuesday accused Russian forces of shelling a humanitarian corridor it had promised to open to let residents flee the besieged port of Mariupol as the civilian death toll in the conflict mounted.

The Ukrainian government on Tuesday accused Russian forces of shelling a humanitarian corridor that Moscow had promised to open to let residents flee the besieged port of Mariupol as the civilian death toll in the conflict mounted.

President Joe Biden on Tuesday banned Russian oil and other energy imports to the United States, piling pressure on Russian leader Vladimir Putin to halt his devastating assault on Ukraine, but an effort to evacuate civilians from the besieged port city of Mariupol failed.

A U.S. ban on imports of Russia's oil ratcheted up punishment for the invasion of Ukraine on Tuesday as McDonald's and Starbucks closed outlets and Moscow promised safe passage for some people to flee.