By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Toymaker Lego has recommended that its staff in Russia not attend protests or get involved in any public discussion about the war in Ukraine, after police detained thousands at anti-war protests across Russia. The advice was given to ensure the safety of its employees, but also highlights the challenge…
By Ben Klayman (Reuters) -Global auto and truck makers, including Sweden’s Volvo Cars and Germany’s Daimler Truck, on Monday suspended some business in Russia following that country’s invasion of Ukraine. Russian forces invaded Ukraine last week, marking the biggest attack by one state against another in Europe since World War Two. Many firms have idled…
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods widened sharply to a record high in January amid an increase in imports as businesses continued to replenish depleted inventories. The pace of inventory accumulation reported by the Commerce Department on Monday was, however, slower than in recent months. That, together with the…
By Akash Sriram (Reuters) -Electric vehicle startup Lordstown Motors Corp said on Monday it plans to sell its first 500 Endurance electric pickup trucks this year even as expenses related to the launch surged in the fourth quarter, sending its shares down 16%. The company, when it went public under the previous management, had previously…
By Anne Kauranen HELSINKI (Reuters) -Airlines on Monday braced for a potentially lengthy dispute after the European Union (EU) banned Russian airlines from its airspace and Moscow responded in kind, barring carriers from 36 countries including all 27 members of the European Union. Dozens of flights were cancelled or sent on costly detours as the…
(Reuters) -The Russian rouble tumbled to a record low in extremely volatile trade on Monday, losing a third of its value so far this year, but an emergency rate hike and other urgent measures adopted by the central bank helped it trim losses. The Bank of Russia had sold around $1 billion from its reserves…
(Reuters) – Retailer Target Corp said on Monday it would spend $300 million more in the next year improving starting salaries and healthcare for its vast army of employees as it looks to be an attractive workplace in a tight U.S. labor market. Retailers and restaurants have been struggling with worker shortages over the last…
By Devik Jain (Reuters) -U.S. stock index futures dropped on Monday as investors assessed the fallout from a new set of sanctions imposed by the Western countries on Russia over its invasion of Ukraine. World stocks slid, oil prices jumped and Russia’s rouble tanked to record lows after the Western allies blocked Russian banks off…
MOSCOW (Reuters) – Russia on Monday barred airlines from 36 countries including Britain, Germany, Spain, Italy and Canada from using Russian airspace in a retaliatory move after sweeping sanctions targeting its aviation sector.
WASHINGTON (Reuters) – Fierce economic sanctions imposed by the United States and its allies on Russia’s central bank and other key sources of wealth are likely to drive Russian inflation higher, cripple its purchasing power drive down investments , U.S. officials said on Monday as new sanctions took effect. Russia’s central bank has been trying…
