(Reuters) – Hotel chain Marriott International Inc said on Thursday it has decided to pause the opening of upcoming hotels and all future hotel development and investment in Russia, following Moscow’s invasion of Ukraine. The company will also close its corporate office in Russia, joining its peers Hilton Worldwide Holdings Inc and Hyatt Hotels corp…
LONDON (Reuters) – Shell faces writedowns on $400 million in Russian downstream assets, it said on Thursday, having announced $3 billion worth of other projects previously. The oil major announced on Feb. 28 that it would quit its ventures in Russia with Gazprom and related entities including the flagship Sakhalin 2 liquefied natural gas (LNG)…
BANGKOK (AP) — Shares fell Friday in Asia as uncertainty over the war in Ukraine and persistently high inflation keep their sway over markets. Hong Kong fell 3.6% and Tokyo was 2.4% lower. Investors are fretting over how the world economy may struggle with price pressures and slowing growth. A plan to revoke Russia’s most…
BOSTON (AP) — Ukraine’s attempt to get Russia kicked off the internet failed, but a diverse group of experts proposes a more narrow approach to sanctioning the Kremlin for invading its neighbor: Consider creating a mechanism that could technically blacklist individual Russian military and propaganda websites. In an open letter released Thursday, the activists say…
(Reuters) – The Kremlin said on Thursday that Russia’s economy was experiencing a shock and that measures were being taken to soften the impact of what it described as an “absolutely unprecedented” economic war being waged against Moscow. The West has imposed sweeping sanctions against Russia over its invasion of Ukraine. “Our economy is experiencing…
By Gergely Szakacs BUDAPEST (Reuters) – Suzuki Motor Corp has suspended car exports to Russia and Ukraine from its Hungarian factory as of March due to the war, the Japanese company said on Wednesday, in one of the first signs of the conflict hitting the broader economy in the region. Central Europe is facing the…
VERSAILLES, France (AP) — European Union leaders meeting in France on Thursday ruled out fulfilling Ukraine’s demand for a fast-track integration with the bloc, as they discussed ways to help the country that’s been invaded by Russia. EU nations have been fully united in backing Ukraine’s resistance, adopting unprecedented economic sanctions against Russia over the…
A look at the day ahead in markets from Sujata Rao After the U.S. S&P 500 index saw its biggest one-day gain since June 2020 and oil slumped 13%, it promises to be another eventful day. World stocks have seized on a meeting later on Thursday between the foreign ministers of Ukraine and Russia and…
BELGRADE, Serbia (AP) — For some European countries watching Russia’s brutal war in Ukraine, there are fears that they could be next. Western officials say the most vulnerable could be those who aren’t members of NATO or the European Union, and thus alone and unprotected — including Ukraine’s neighbor Moldova and Russia’s neighbor Georgia, both…
By Tim Hepher, Engen Tham and Carolyn Cohn PARIS/SHANGHAI/LONDON (Reuters) -Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from Russian airlines have received mostly radio silence as experts warn of legal wrangling that could last a decade. Western bans imposed after Russia’s invasion of…
