Shell has agreed to sell almost 400 of its petrol outlets in Russia to Lukoil, the country’s second largest oil company. Shell Neft, the company’s Russian business, will be sold for an unknown amount. Following Russia’s invasion of Ukraine, many… Read More ›
Analysts have warned that the possibility of a recession has increased after the UK economy fell in March, just as the country was recovering from the pandemic. Higher prices are “starting to bite,” according to the UK statistics authority, with… Read More ›
Chinese developer Sunac China has missed the deadline for a coupon payments on a $742 million offshore bond and said, it doesn’t expect to make payments coming due on other bonds as well. The development adds to the wave of defaults… Read More ›
As per a report from ANSA news agency, pro-Russian hackers have attacked websites of several Italian institutions, including the senate. A hacker group called “Killnet” has claimed responsibility for attacking Italy’s National Health Institute (ISS) as well as the Automobile… Read More ›
According to reports quoting trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to Black Sea supply hit hard by the Ukraine conflict. The first month… Read More ›
Due to an increasing shortage of the special milk, major US pharmacies have banned sales of baby formula. In recent weeks, CVS and Walgreens have put limits on the number of cans customers can purchase at one time. In February,… Read More ›
At least 3,000 people have died in Ukraine as a result of a lack of access to chronic disease medications, according to the World Health Organization’s European leader. According to Hans Kluge, a WHO official who spoke at a regional… Read More ›
In a significant development, EU’s industry chief Thierry Breton and Tesla Inc’s CEO Elon Musk met in Texas and signalled the signing of an agreement on EU digital media regulation ahead of Musk’s purchase of Twitter Inc. “It fits pretty well… Read More ›
A letter by a group of European Union parliamentarians has asked the European Commission to open negotiations with Ivory Coast and Ghana to address low cocoa prices. The two African countries together produce more than 60% of the world’s cocoa…. Read More ›
The United States has imposed sanctions on a network of five Islamic State financial facilitators working across Turkey, Syria and Indonesia, in support of members of the extremist jihadist group in Syria. In a statement the U.S. Treasury Department has… Read More ›
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