TOKYO (Reuters) – Japan’s prime minister will order the government on Tuesday to compile emergency measures by the end of April to deal with the impact of the rising prices of oil and other goods, fanned by the Ukraine crisis. Prime Minister Fumio Kishida, responding in parliament to a query from a lawmaker from coalition…
STOCKHOLM (Reuters) – Cevian Capital, one of Ericsson’s biggest investors, said on Monday it would vote against a motion this week that would clear some board members of responsibility over the possible payment of bribes to militant organisations in Iraq. Norway’s sovereign wealth fund, another major shareholder, also said it would vote against the motion…
BEIJING (AP) — Six months after being released by Canadian authorities following a diplomatic standoff involving Washington and Beijing, Huawei’s chief financial officer said Monday the telecom equipment giant may be emerging from a “black zone” of business disruptions due to U.S. sanctions. Huawei Technologies Ltd. reported its 2021 profit rose 75.9% while sales fell…
By Dhara Ranasinghe LONDON (Reuters) – Oil prices slid on Monday as a coronavirus lockdown in Shanghai fueled worries about weak demand, while the yen’s stomach-churning descent continued as the Bank of Japan stood in the way of higher yields. World stocks were largely flat, holding their ground in the face of another brutal selloff…
(Reuters) – Dutch brewing giant Heineken said on Monday it has decided to exit its business in Russia, after previously saying it would halt new investments and exports there, anticipating a charge of 400 million euros. “We have concluded that Heineken’s ownership of the business in Russia is no longer sustainable nor viable in the…
By Makiko Yamazaki TOKYO (Reuters) – The crisis at Toshiba Corp may have a silver lining for new boss Taro Shimada, allowing him to keep – at least for now – businesses pivotal to his digital strategy that predecessors had planned to sell. Investors last week voted down management’s plan to spin off Toshiba’s devices…
(Reuters) – Dutch brewing giant Heineken said on Monday it has decided to exit its business in Russia, after previously saying it would halt new investments and exports there. “We have concluded that Heineken’s ownership of the business in Russia is no longer sustainable nor viable in the current environment,” it said in a statement….
By Leika Kihara TOKYO (Reuters) – The Bank of Japan desperately defended its yield target on Monday by making two offers in a single day to buy an unlimited amount of government bonds, as rising long term interest rates posed the biggest challenge yet to its ultra loose policy. The yield on the benchmark 10-year…
BEIRUT (AP) — Layal Aswad was already exhausted by Lebanon’s devastating two-year economic collapse. Now, as Russia’s invasion of Ukraine sends food and energy prices soaring even further, she finds herself struggling to put food on the table for her family of four. “Even bread is not something we take for granted anymore,” said the…
(Reuters) – Apple Inc is planning to cut the output of its iPhone and AirPods devices as the Ukraine crisis and looming inflation start to weigh on demand for consumer electronics, the Nikkei reported on Monday, citing sources. The company plans to make about 20% fewer iPhone SEs next quarter, or lower production orders by…
