By Daphne Psaledakis and Simon Lewis WASHINGTON (Reuters) -The United States on Friday announced sanctions on more than 300 targets as Group of Seven leaders met in Japan, aiming to punish Russia for its invasion of Ukraine and intensifying one of the harshest sanctions efforts ever implemented. The move, which targets Russia’s sanctions evasion, future…
By Bhanvi Satija and Pratik Jain (Reuters) -Contract drug manufacturer Catalent Inc on Friday slashed its full-year forecasts for profit and sales and delayed its quarterly results for the third time, bruised by a series of missteps at its major production facilities. The company promised to take steps to correct the issues and said it…
(Reuters) -Russia’s foreign ministry on Friday said former President Barack Obama was among 500 U.S. citizens who would be banned in response to the latest round of sanctions announced by Washington. The ministry also said Russia had refused the latest U.S. request for consular access to detained Wall Street Journal reporter Evan Gershkovich, who was…
(Reuters) -Samsung Electronics will not change the default search engine on its smartphones from Google to Microsoft Corp’s Bing any time soon, the Wall Street Journal reported on Friday, citing people familiar with the matter. Samsung has suspended an internal review that explored replacing Google with Bing on its web-browsing app, which comes pre-installed on…
By Karen Freifeld WASHINGTON (Reuters) – The Biden administration halted the export of a wide range of consumer goods to Russia on Friday and added 71 companies to a trade blacklist, as the Group of Seven wealthy nations announced new sanctions on Moscow over its war in Ukraine. The new curbs targeted items that can…
By Ross Colvin (Reuters) -Republican U.S. Senator Tim Scott on Friday entered the 2024 presidential race, joining Donald Trump in the growing list of Republicans seeking to unseat Democratic President Joe Biden. Here is a list of declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties. TIM SCOTT The only…
By Bianca Flowers and Aishwarya Nair (Reuters) -Deere & Co on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as order books remain robust. But shares in the world’s largest farm equipment maker fell 1.7%…
By Giselda Vagnoni ROME (Reuters) – After three years of pandemic travel restrictions and rocketing energy costs, tourism is back with a vengeance to boost the economies of southern Europe as sun-seekers make up for lost time. Early bookings suggest Italy, Spain, Greece and Portugal could receive record tourism revenues this year, helping replenish state…
BERLIN (Reuters) – Volkswagen has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said on Friday, ending months of wrangling with Russian authorities over the deal. Volkswagen has sold its shares in Volkswagen Group Rus LLC to Art-Finance LLC, which is supported by autodealer group Avilon,…
By Andy Sullivan LAKE CHARLES, La. (Reuters) -In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for spending cuts. Back home in Louisiana, it’s a different story. The cowboy-hat wearing conservative regularly highlights federal funding for hospitals, bridges and ports in his district, while voting against the spending bills that include them…
