 | | | | Energy industry leaders said the burgeoning energy crisis is perhaps more dire for Europe's natural gas market than its crude oil imports, due to the continent's dependency on Russia and as prices have been sky-high for months. | | | | | | Global oil prices on Wednesday posted their biggest plunge since the early pandemic days nearly two years ago, after the United Arab Emirates said the OPEC member would support increasing output into a market in disarray because of supply disruptions caused by sanctions imposed on Russia after it invaded Ukraine. | | | | | | Italy's UniCredit and France's BNP Paribas were the latest banks to set out their Russian exposures, warning of billions of euros in potential costs from the financial fallout from Moscow's invasion of Ukraine. | | | | | | Companies across Europe and North America have begun offering aid to Ukrainian authorities and people fleeing war following Russia's invasion, as over two million leave their homes and head to safety in Poland and other neighbouring countries. | | | | | | Brazil's government is planning to allow port costs to be excluded from tax calculations to lower the cost of imports, three Economy Ministry sources told Reuters, in a measure backed by the country's industry lobby. | | | | | | Nestle , Philip Morris and video gamemaker Sony joined the list of multinationals stepping back from Russia on Wednesday as pressure mounts from consumers in the West to take a stand against the invasion of Ukraine. | | | | | | Tesla Inc will give Ukrainian employees asked to defend their country at least three months of pay, CNBC reported on Wednesday, citing an e-mail from Monday by the EV maker to its employees in Europe, Middle East and Africa. | | | | | | Australian and South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alternative sources to Russian supply, but logistics and cost constraints make it difficult to rapidly boost output, companies said. | | | | | | Hilton Worldwide Holdings Inc said on Wednesday it would suspend all new development activity in Russia and had closed its corporate office in Moscow, following the invasion of Ukraine. | | | | | | U.S. stocks surged on Wednesday led by financial and tech shares, rebounding from several down days as oil prices pulled back sharply after fanning inflationary fears and investors gauged developments in the Ukraine crisis. | | | | | |
