 | | | | Business jet maker Bombardier Inc said on Friday it has suspended all activities with Russian clients, as more companies cut ties in the country following the introduction of sweeping sanctions over Russia's invasion of Ukraine. | | | | | | Mexico's year-on-year inflation likely accelerated in February after cooling slightly over the previous two months, a Reuters poll showed Friday, reinforcing expectations that the central bank will continue to raise its key interest rate. | | | | | | French luxury group LVMH will "temporarily" close its 124 stores in Russia from Sunday, a group spokesperson told Reuters on Friday. | | | | | | Major global brands, including McDonald's Corp , PepsiCo Inc and the Estee Lauder Cos Inc , should consider pausing their operations in Russia, New York state's pension fund chief wrote in letters to several companies on Friday. | | | | | | Recession concerns are showing up more prominently in the U.S. Treasury yield curve, as soaring commodity prices in the wake of Russia's invasion of Ukraine fuel worries over inflation and slower growth. | | | | | | In the two years since the COVID-19 pandemic upended the U.S. economy, the labor market has rebounded far faster than most had predicted after roughly 22 million jobs were wiped out in the space of two months in the spring of 2020. | | | | | | Russia said it would block Facebook for blocking state media and Britain's BBC stopped reporting in the country in the face of a new media law as Moscow on Friday raised the stakes for foreign corporations over its attack on Ukraine. | | | | | | Job growth in February pushed the unemployment rate to a two-year low of 3.8% and raised optimism that the economy could withstand geopolitical tensions, inflation and tighter monetary policy. | | | | | | Home rental firm Airbnb Inc and online travel agency Booking Holdings Inc became the latest big global companies to suspend operations in Russia as Western sanctions build against Moscow for invading Ukraine. | | | | | | Wall Street ended lower on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy. | | | | | |
