A U.S. threat to hit financial firms doing business with Russia with sanctions has chilled Turkish-Russian trade, disrupting or slowing some payments for both imported oil and Turkish exports, according to seven sources familiar with the matter.
Ukraine’s leading business associations are calling for changes to be made to draft legislation that would overhaul the process for mobilising troops, saying the reforms could deal a blow to the already embattled economy.
Goldman Sachs upgraded its rating on global equities to “overweight” on prospects of economic growth and recovery in manufacturing activity, after starting the year with a “neutral” rating across assets.
Boeing’s CEO Dave Calhoun is the right person to lead the company out of its latest safety crisis, after a panel blew out of a 737 MAX 9 plane in flight last month, the head of the world’s biggest airline trade body said on Monday.
Germany is likely in recession now as external demand is weak, consumers remain cautious and domestic investment is held back by high borrowing costs, the Bundesbank said in a regular monthly report on Monday about Europe’s biggest economy.
The European Union will investigate whether ByteDance’s TikTok breached online content rules aimed at protecting children and ensuring transparent advertising, an official said on Monday, putting the social media platform at risk of a hefty fine.
Stellantis is considering building up to 150,000 low-cost electric vehicles (EVs) in Italy, in its Mirafiori complex in Turin, as part of its agreements with Chinese automaker Leapmotor , Automotive News Europe said on Monday.
The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains.
U.S. President Joe Biden’s administration is set to ease proposed yearly requirements through 2030 of its sweeping plan to aggressively cut tailpipe emissions and ramp up electric vehicle sales, two sources told Reuters on Sunday.
