By Alasdair Pal NEW DELHI (Reuters) -At least five superyachts owned by Russian billionaires were anchored or cruising on Wednesday in Maldives, an Indian Ocean island nation that does not have an extradition treaty with the United States, ship tracking data showed. The vessels’ arrival in the archipelago off the coast of Sri Lanka follows…
By Paresh Dave, Elizabeth Culliford and Sheila Dang (Reuters) – Online payments company PayPal Holdings Inc stopped accepting new users in Russia on Wednesday given current circumstances, a company spokesperson told Reuters. PayPal, which only allows cross-border transactions by users in Russia, had already blocked some users and some of the country’s biggest banks following…
(Reuters) – Cruise operators Royal Caribbean Group and Viking Cruises canceled sailings to Russia on Wednesday, joining their rivals and many Western brands in suspending operations in the country after its invasion of Ukraine. Celebrity Cruises, owned by Royal Caribbean, said it was removing Russian port city St. Petersburg from upcoming itineraries, adding that it…
By Pamela Barbaglia LONDON (Reuters) – UniCredit has paused efforts to buy Banco BPM after losing more than a fifth of its value since Russia invaded Ukraine, two sources close to the matter told Reuters. Stock in UniCredit, Italy’s second-largest bank, has dropped by more than 20% since Feb. 24, when Ukraine came under attack,…
By Paresh Dave, Elizabeth Culliford and Sheila Dang (Reuters) – Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests, a top Ukrainian government tech official told Reuters on Wednesday. Software giant Oracle Corp responded within three hours…
SILVER SPRING, Md. (AP) — Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country’s financial institutions. After initially falling to around $34,000 following Russia’s advance into Ukraine last week, bitcoin pushed about 10% higher on…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that have painted an upbeat picture of the labor market. The ADP National Employment Report on Wednesday…
By Ludwig Burger FRANKFURT (Reuters) -German carmakers association VDA said that the fallout from Russia’s invasion of Ukraine was disrupting transport routes as well as financial transactions and that it was bracing for shortages in a range of raw materials. “It is difficult to provide a reliable outlook due to the highly dynamic situation. But…
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -U.S. and European stocks rebounded on Wednesday and crude prices surged past $110 a barrel as fighting raged in Ukraine for a seventh day, posing a challenge for central banks hoping to curb rising inflation. Gold prices slipped on improving sentiment and U.S. Treasury yields rose…
(Reuters) – Amazon.com Inc on Wednesday told Reuters it plans to close all 68 of its physical book stores, pop up shops and “4-star” stores in the United States and United Kingdom, ending some of its longest-running experiments in brick-and-mortar retail. The company said physical retail remains an important way for it to reach shoppers…
