By Shadia Nasralla, Benjamin Mallet and Michel Rose LONDON (Reuters) – France’s TotalEnergies cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from the country after its invasion of Ukraine, even though no sanctions have forced such divestments. “For existing assets, the company says it will respect…
OTTAWA (Reuters) – Russia could allow passenger airliners to be maintained by third-party firms in a bid to help its domestic carriers hit by sanctions over the invasion of Ukraine, Tass news agency said on Saturday. Tass said the Russian transport ministry had drawn up a draft bill to help airlines until September 2022. It…
By Ron Bousso LONDON (Reuters) – Oil major Royal Dutch Shell will put profits from any Russian oil it purchases into a fund that will go towards humanitarian aid to Ukraine, the company said on Saturday. Shell had on Friday bought a cargo of Russian crude oil at a record low discount, the first such…
By Karen Freifeld (Reuters) – ZTE Corp., the Chinese telecom equipment maker, will go back to U.S. federal court March 14 to face a new accusation it may have violated its probation from its 2017 guilty plea for illegally shipping U.S. technology to Iran. The possible violation relates to an alleged conspiracy to commit visa…
IRVINE, Calif. (AP) — After fleeing her home in now-Taliban controlled Afghanistan, Mozhgan Entazari did everything she could to find a new one for her family in the sunny, palm tree-lined communities of Southern California. The 34-year-old mother of two scoured options on Zillow with her husband, while the family lived at a hotel in…
In the aftermath of Russia’s invasion of Ukraine, the fog of war is extending to those who are trying to help the beleaguered Ukrainians. With ports blocked and roads made treacherous by bombings, charities currently can’t send humanitarian aid into Ukraine through normal channels, though both countries agreed Thursday to create corridors to allow those…
By Ross Kerber (Reuters) – Top mutual fund manager Vanguard Group said on Friday it will adhere to international sanctions being imposed on Russia in the wake of Moscow’s invasion of Ukraine, but will not restrict the investment decisions of managers of its actively-managed funds. In a blog post on Friday addressing investments in Russia,…
MADRID (Reuters) -Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday. The Zara owner is following some of the biggest western brands which have suspended operations in Russia, including its main rival H&M, following the invasion of Ukraine and…
MADRID (Reuters) – Spanish fashion retailer Inditex has halted trading in Russia, closing its 502 shops and stopping online sales, the company said in a statement on Saturday to the Spanish regulator. “In the current circumstances Inditex cannot guarantee the continuity of the operations and commercial conditions in the Russian Federation and temporarily suspends its…
By Paresh Dave (Reuters) – Payments company PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances,” joining many financial and tech companies in suspending operations there after the invasion of Ukraine. “Under the current circumstances, we are suspending PayPal services in Russia,” President and Chief Executive Dan Schulman…
