U.K. working out how to reduce local exposures to Gazprom
The U.K. government is helping local councils figure out ways to limit their exposure to Russia’s energy giant in the aftermath of war in Ukraine…
EU food policy shifts to supply security as war drives up prices
The European Union is looking at how to make food supplies more secure, after Russia’s invasion of Ukraine cut off key exports and pushed up…
Congress nears agreement to revoke Russia’s trade status
Lawmakers are on the brink of an agreement for legislation to revoke normal trade relations with Russia that could pass the House this week, the…
Signet shocks diamond trade with refusal to buy Russian gems
Signet Jewelers Ltd., the owner of Kay Jewelers and Zales, sent shockwaves through the global diamond trade on Wednesday, telling suppliers it would no longer…
Swiss watch exports surge 25% in February as US drives demand
Swiss watch exports jumped 25% in February as U.S. buyers kept driving a post-pandemic rebound in demand for pricey timepieces.
Air Lease isn’t writing off jets stuck in Russia—for now
Air Lease Corp. doesn’t plan to take writedowns in the near term for jetliners caught up in sanctions aimed at crippling air travel in Russia…
Oil advances above $100 with market gripped by huge volatility
Oil rebounded amid a bumper run of volatility, with investors continuing to weigh the fallout from Russia’s invasion of Ukraine against fresh Covid-19 lockdowns across…
India’s stray missile put dozens of passenger jets at risk
A missile that was accidentally fired from India last week narrowly missed dozens of commercial jets that were in the same skies.
British Airways partner Comair resumes South African flights
South African airline group Comair Ltd. resumed flights after being given the all clear by the country’s Civil Aviation Authority, which was investigating a series…
UAE cargo ship sinks in Persian Gulf, most crew rescued
A United Arab Emirates-flagged cargo ship carrying cars sank in the Persian Gulf, Iran’s ports authority said Thursday, with poor weather hampering the rescue operation.
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