Metals billionaire Usmanov files appeal over EU Russia sanctions
Russian metals billionaire Alisher Usmanov appealed the European Union’s decision to impose strict sanctions on him in response to Russia’s invasion of Ukraine.
EU raises pressure on Russia, targeting oil and biggest bank
The European Union plans to ban Russian crude oil over the next six months and refined fuels by the end of the year as part…
Maersk lost more than $700 million from Russia in quarter
A.P. Moller Maersk A/S said it lost more than $700 million in the first quarter from the war in Ukraine as the transport giant counts…
US trade deficit swells to record as goods imports surge
The U.S. trade deficit widened to a record in March, reflecting a surge in imports as companies relied on foreign producers to meet solid domestic…
India wants Russia to discount is oil to below $70 a barrel
India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn…
China’s tariffs overwhelm Australian winemakers as exports fall
Australian wine exports slumped as an effective blockade by China overwhelmed efforts by producers to find buyers in other markets.
Canada’s trade surplus unexpectedly narrows as imports surge
Canada’s economy recorded a surge in trade with the rest of the world in March, as rising prices for commodities coupled with strong domestic demand…
Russian oil embargo risks more inflation trouble for Europe
European countries already reeling from record inflation risk aggravating their plight with the decision to shut themselves off from Russian oil imports.
India mulls wheat export curbs in latest food supply squeeze
India is considering restricting wheat exports as severe heat waves have damaged crops, exacerbating tight global supplies after the war in Ukraine sent food inflation…
Boohoo plunges as online clothing retailer’s growth wilts
Boohoo Group Plc shares plunged after the U.K. online clothing retailer warned that revenue growth may grind to a halt in the first half as…
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