The stocks of the British energy giant British petroleum plummeted by almost 7 per cent following the announcement of the company that it had sold selling off of its almost 20 per cent stake in the Russian oil giant Rosneft over the weekend as a reaction to the invasion of Ukraine by Russia. About half…
GSK confirmed its plans to offer its consumer healthcare company on the public market in July on Monday, despite market worries and after rejecting overtures from Unilever. GSK said in a statement that the new company, Haleon, which is the world’s largest consumer health business, will pay an initial dividend at the lower end of…
According to a leaked Ericsson report acquired by BBC News Arabic, the telecoms operator Ericsson placed contractors’ lives in danger by insisting they continue working in area controlled by the Islamic State [IS] organisation in Iraq. According to the report, this culminated in their kidnapping by IS fighters. Ericsson is one of the world’s largest…
Germany will follow through on plans to develop two LNG terminals and increase natural gas reserves to reduce its reliance on Russian gas following Russia’s invasion of Ukraine, according to Chancellor Olaf Scholz. “We will do more to ensure secure energy supply for our country,” he told lawmakers in a special Bundestag session called to…
Following Russia’s invasion of Ukraine, Roman Abramovich has given Chelsea’s charity foundation “stewardship and care.” However, Abramovich will remain Chelsea’s owner, and the Russian billionaire, who has invested over £1 billion in the Stamford Bridge club since 2003, will not require the club to return the loans he owes him, ensuring the club’s long-term viability.…
The Russian government has imposed restrictions on the use of twitter in some parts of the country, the micro-blogging company has confirmed. “We’re aware that Twitter is being restricted for some people in Russia and are working to keep our services safe and accessible”, the company said in a statement. Following a spat over “censorship,”…
According to cryptocurrency specialists, anonymous Bitcoin donations have raised at least $13.7 million for the Ukrainian war effort. According to Elliptic, a blockchain research firm, the Ukrainian government, NGOs, and volunteer organisations raised the funds by posting their Bitcoin wallet addresses on the internet. So far, over 4,000 gifts have been made, with one anonymous…
Reliance, India’s largest retailer, would take over at least 200 Future Retail locations after the firm failed to make lease payments to Reliance, two people with direct knowledge of the situation said on Saturday. Since 2020, Reliance has failed to finalize a $3.4 billion plan to buy Future’s retail assets, which partner Amazon.com Inc has…
Further penalties on Russia have been imposed by the European Union, the United States, and other Western partners for its occupation of Ukraine, including the exclusion of a number of Russian banks from the SWIFT interbank payments system. SWIFT is the primary international payments network in the world. Here’s additional information on what it does…
Due to weaker economic growth, BASF anticipates reduced operational profitability in 2022, putting the German chemicals giant’s supply chain at risk. Earnings before interest, taxes, and special items are expected to be between 6.6 billion and 7.2 billion euros this year, down from 7.77 billion euros in 2021, according to the business. Despite a good start…
