PARIS (AP) — Foreign ministers from Indo-Pacific nations attended a Paris conference Tuesday aimed at bringing the region, an important partner for trade and exports, squarely into Europe’s focus in a rapidly changing world with rising security challenges. New Zealand, India, South Korea, Japan and a clutch of other Asian nations were represented at the…
MacKenzie Scott’s $50 million gift to the National 4-H Council, which the youth-focused nonprofit called “transformational,” is part of a new batch of the philanthropist’s donations now coming to light. The donation to the organization, which supports the 120-year-old youth development program, is the second largest gift known to have been made by Scott since…
By Aditi Sebastian and Uday Sampath Kumar (Reuters) -Home Depot Inc on Tuesday indicated that it expects gross profit margins to remain under pressure through the year as it spends aggressively to deal with supply-chain bottlenecks and get building tools and materials to store shelves faster. Shares of the largest U.S. home improvement chain tumbled…
By Susan Mathew and Devik Jain (Reuters) – Wall Street’s main indexes slipped on Tuesday as shares of Home Depot slumped after earnings, while the prospect of harsh Western sanctions against Russia over its conflict with Ukraine kept investors on edge. Seven out of the 11 major S&P 500 sectors were lower, with consumer discretionary…
SILVER SPRING, Md. (AP) — U.S. consumer confidence declined modestly this month but remains high, even as prices for just about everything continue to rise. The Conference Board, a business research group, said Tuesday that its consumer confidence index — which takes into account consumers’ assessment of current conditions and their outlook for the future…
By Sarah Marsh and Madeline Chambers BERLIN (Reuters) – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine. Europe’s most divisive energy project, worth $11 billion, was finished in September,…
(Reuters) -Apollo Global Management Inc, a manager of alternative assets such as corporate credit and private equity, said on Tuesday it has committed more than $100 million over the next decade to a new foundation run by the firm’s employees that will provide grants to organizations focused on economic opportunity. The foundation will partner with…
(Reuters) -International companies with exposure to Russia are preparing for the West to impose fresh sanctions on the country after an escalation in the Ukraine crisis. Below are comments from companies: NESTLE, FOOD GROUP WITH FACTORIES IN RUSSIA “We are closely monitoring the situation and have business continuity plans in place that can be activated…
By Andrey Ostroukh and Alexander Marrow MOSCOW (Reuters) – The rouble rebounded from its weakest level in nearly two years to strengthen in volatile trading while Russian stocks slumped on Tuesday after Moscow sent troops to two breakaway regions in eastern Ukraine after recognising them as independent. Putin’s announcement on Monday drew immediate international condemnation…
FRANKFURT, Germany (AP) — German Chancellor Olaf Scholz has suspended the certification process for the Nord Stream 2 natural gas pipeline after Russia recognized separatist-held regions in eastern Ukraine. The undersea pipeline directly links Russian gas to Europe via Germany and is complete but not yet operating. It has become a major target as Western…
