IBT Staff Reporter

Allianz has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory filings.

Seated at a large white table in an echoing Kremlin hall, Vladimir Putin summoned his top security officials one by one on Monday to give him their advice at a potential turning point in the crisis around Ukraine.

Canadian Prime Minister Justin Trudeau on Monday said his government still needed temporary emergency powers in the wake of a truckers' blockade, citing "real concerns" about threats in the days ahead.

Canada's parliament on Monday backed Prime Minister Justin Trudeau's decision to invoke rarely-used emergency powers to end pandemic-related protests that have blocked streets in the capital Ottawa for more than three weeks.

Russian banks increased their liquid assets held in foreign currencies by $8.5 billion in January to $53.5 billion, the central bank said on Monday, in a sign lenders may try to boost their forex shield in light of fresh sanctions threat.

The European Union's 19 trillion euro ($21.6 trillion)investment funds industry is failing to exploit the bloc's single market, saddling investors with high costs and opaque selling practices, the European Court of Auditors said in a critical report on Monday.

The European Union will consider whether to require member states to fill their natural gas storage to prescribed levels, a senior official said as the bloc seeks energy security amid fears of a conflict in Ukraine involving major supplier Russia.

A steep drop in hydrogen shares is likely to hit the valuation of Thyssenkrupp's hydrogen unit Nucera, according to investor and financial sources, which could make it more challenging to list the division in a potential share sale.

The staff of Reuters has received a George Polk Award for its coverage of widespread intimidation of U.S. election workers by supporters of former President Donald Trump.

Under pressure from a campaign by a 78-year-old pensioner against financial exclusion of elderly people in the digital age, Spanish banks have agreed to extend cashier services and provide better customer care, the government said on Monday.

New name, little hope, in New York, Ukraine

Natural diamond supply has peaked and will remain stable for the next few decades, the CEO of mining giant De Beers told Reuters on Monday, adding that the industry should see decent medium- to long-term growth.

Britain should regulate sustainability ratings on companies to improve transparency, reduce the risk of greenwashing and protect investors, a regulatory research body said on Monday.

Mercedes-Benz expects to have factories producing exclusively electric vehicles (EVs) by the second half of the decade but will steer clear of building EV-only plants, instead keeping production lines flexible in line with market demand.

Russian ratings agency ACRA estimates that the country's banks imported $5 billion worth of banknotes in foreign currencies in December, up from $2.65 billion a year before, in a pre-emptive step in case of sanctions creating increased demand.

The trial of a Roman Catholic bishop accused of sexually abusing young men in northern Argentina will start on Monday, in the latest court case to highlight allegations of sex crimes that have roiled the global church over the past few decades.

The trial of a Roman Catholic bishop accused of sexually abusing young men in northern Argentina began Monday with the cleric denying the claims, in the latest court case to highlight sex crimes that have roiled the global church in recent decades.

A Chinese bookstore draped a one metre-long metal chain over a table flanked by books on feminism last week, in an unusually public contribution to outrage over a video showing a woman shackled by her neck in a village.

Taliban aiming to create 'grand army' for Afghanistan

Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, three industry sources told Reuters.

The death toll from last week's mudslides and floods in the Brazilian city of Petropolis reached 176 as of Monday, Rio de Janeiro's state civil defense said, with more than 110 people still missing.

After the shame of Prince Andrew's U.S. sex abuse lawsuit and Prince Charles embroilment in a cash for honours scandal, Queen Elizabeth catching COVID-19 has rounded off a week of terrible news for the British royals.

The rouble slid to a more than three-week low on Monday, erasing earlier gains in a volatile session, and Russian stocks plunged as Western fears of an imminent military action in Ukraine outweighed hopes that diplomatic efforts would yield results.

The rouble lost well over 2% on Monday, diving past 79 against the dollar, while stocks plunged to their lowest in over a year after Western fears Russia may invade Ukraine hit new heights as Moscow discussed the fate of two breakaway regions.

The rouble tanked on Monday, slipping past 80 against the dollar, while stocks plunged to their lowest in over a year as Russian President Vladimir Putin called for the immediate recognition of two breakaway regions in eastern Ukraine.

The United States and European Union countries are unlikely to impose blanket sanctions on Rusal if Russia invades Ukraine as that would exacerbate aluminium shortages, propel prices to new records and damage manufacturing, analysts say.

Turkey court extends detention of top activist

Greece resumes search for ferry fire survivors

Canadian Alexis Cossette-Trudel, who is suspended from Facebook and Twitter for promoting the QAnon conspiracy theory, had a message he wanted to send from Canada to France.