NEW YORK (AP) — Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator. Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas and New Mexico were on the list, citing anonymous sources and store…
By Bansari Mayur Kamdar and Amruta Khandekar (Reuters) – The S&P 500 was trading largely flat on Monday as gains in Tesla were offset by declines in bank and energy shares, ahead of the first face-to-face peace talks between Ukraine and Russia in more than two weeks. The electric-car maker jumped 5.3% after saying that…
BERLIN (AP) — Germany recorded about 25% more electricity generated from renewable sources in the first three months of the year compared with the same period last year thanks to unusually windy and sunny weather, industry officials said Monday. Preliminary calculations by the energy lobby group BDEW and the Center for Solar Energy and Hydrogen…
(Reuters) – U.S. lawmakers have launched a probe into Credit Suisse Group AG’s compliance with sanctions related to Russia’s invasion of Ukraine and asked the Swiss bank to hand over any information related to it, according to a Wall Street Journal report on Monday. (Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)
By Lucia Mutikani WASHINGTON (Reuters) -The U.S. trade deficit in goods narrowed in February after setting a record high in the prior month as exports rebounded, but any lift to economic growth this quarter could be offset by businesses slowing their pace of inventory accumulation. The deficit fell 0.9% to $106.6 billion, the Commerce Department…
Amnesty International is accusing Russia of committing war crimes in the Ukrainian port city of Mariupol. The human rights organization will soon release an in-depth report on the devastation caused by Russia’s assault on the city on the Sea of Azov, Amnesty’s Secretary-General Agnes Callamard said in a press conference in Johannesburg. “The siege of…
By Bansari Mayur Kamdar and Amruta Khandekar (Reuters) -U.S. stock indexes were set to open flat on Monday as oil prices fell and investors awaited more updates on Ukraine-Russia peace talks in Istanbul, while Tesla shares rose after the company said it would seek investor approval for a stock split. The electric-car maker jumped 5.5%…
BRUSSELS (AP) — The European Commission recommended Monday that EU nations end golden passport schemes that allow wealthy people to buy their way into the bloc’s citizenship, and urged them to assess whether Russian oligarchs linked to the Kremlin or who support the war in Ukraine should be stripped of citizenship rights previously granted. The…
By Josh Horwitz SHANGHAI (Reuters) – U.S. pressure on Huawei Technologies has served to strengthen the resolve of the Chinese telecoms giant, finance chief Meng Wanzhou said on Monday after its first set of results since her return from nearly three years’ detention in Canada. The daughter of Huawei founder Ren Zhengfei played a central…
BERLIN (AP) — The Group of Seven major economies agreed Monday to reject Moscow’s demand to pay for Russian natural gas exports in rubles. German energy minister Robert Habeck told reporters that “all G-7 ministers agreed completely that this (would be) a one-sided and clear breach of the existing contracts” for natural gas, which is…
