International

Russia’s Federal Anti-Monopoly Service (FAS) said on Thursday it was conducting “anti-cartel” inspections at major sugar producers following a sharp increase in sugar prices and “unjustified” shortages in some ...

Egypt’s three biggest state-owned banks are setting up an $85 million financial technology fund that aims to accelerate innovation in the sector, venture capital firm Global Ventures, a partner in ...

Russia’s invasion of Ukraine has opened up diplomatic and commercial opportunities for gas exporter Qatar to expand energy sales to the West and bolster its alliance with Washington amid ...

The war in Ukraine could not have come at a worse time for the global economy. It has come at a time when the recovery from Covid-19 has begun to ...

Finnish utility Fortum (FORTUM.HE) said on Thursday it will use waste heat from two new Microsoft (MSFT.O) data centres to warm homes and businesses in and around the ...

Switzerland’s secretive banks hold up to $213 billion of Russian wealth, the country’s financial industry association estimates, as sanctions on Russia give a rare glimpse inside Swiss vaults. The ...

Coupon payments on Russian sovereign bonds due this week were received by correspondent bank JPMorgan (JPM.N), processed and the bank then made an onwards credit to the paying agent ...

The gleaming, late-model European jet for sale was a rarity in the hot market for second-hand corporate aircraft. It was only after aviation lawyer Amanda Applegate’s client did some ...

Consumers risk losing all their money invested in cryptoassets and could fall prey to scams, the European Union’s securities, banking and insurance watchdogs said in a joint statement on ...

Russia laid down strict new rules for foreigners seeking permits to buy and sell Russian assets ranging from securities to real estate, a client memo by Citigroup (C.N) showed, ...

As COVID curbs cut travel and duty-free shopping, South Koreans are driving a luxury goods boom at home that has left Chanel barring nearly a third of would-be shoppers to ...

The world’s largest cryptocurrency exchange Binance has been granted a licence to conduct some operations in Dubai, the company said on Wednesday, from where it plans to carry out ...

A new Russian law on leased aircraft showed Moscow could “confiscate” planes and such a move might help it claim insurance, Air Lease Corp (AL.N) said at a time ...

Oil prices climbed about 3 per cent on Thursday after the International Energy Agency (IEA) said markets could lose three million barrels a day (bpd) of Russian crude and refined products ...

Airports Council International (ACI Europe) and the International Air Transport Association (IATA) on Monday asked for the removal of all Covid-19 travel restrictions currently in force for trips within the ...

Three million barrels per day (bpd) of Russian oil and products may not find their way to market beginning in April in the wake of its invasion of Ukraine, the ...

Michelin and BMW were among the latest companies on Wednesday to warn of disruption to their operations from Russia’s invasion of Ukraine, while ad group Publicis said it had ...

The euro jumped on Wednesday and was set for its third consecutive daily gains versus the dollar on Wednesday after Russian Foreign Minister Sergei Lavrov said peace talks with Ukraine ...

Russia is due to pay $117 million in interest on two dollar-denominated sovereign bonds on Wednesday – the first such payments since its invasion of Ukraine which sparked a raft of sanctions ...

The economic cost of Russia’s assault on Ukraine was fully exposed on Wednesday as Vladimir Putin’s sanctions-ravaged government teetered on the brink of its first international debt default ...

European Union regulators have told some banks to scrutinise transactions by all Russian and Belarusian clients, including EU residents, to ensure that they are not used to circumvent Western sanctions ...

The impact of Russia’s invasion of Ukraine inevitably impacted the cruise line industry, with all major cruise companies rapidly seeing the adverse effects of both the conflict and the ...

Bitcoin loves flirting with the mainstream. But now, as the US president says he wants to get serious, it may be getting cold crypto feet. When Joe Biden ordered officials ...

Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell (SHEL.L) over the company’s climate transition plan, in what they said would ...