Friday 18 March 2022

Reuters Business: Exclusive: Abramovich handed Chelsea director control of firm on day of Ukraine invasion, filings show

Exclusive: Abramovich handed Chelsea director control of firm on day of Ukraine invasion, filings show

Russian businessman Roman Abramovich transferred a company he controlled with tens of millions of dollars of investments to a director of English soccer club Chelsea on the day Russia invaded Ukraine.

Global equities rise, gold falls after Russia avoids default

Global equity markets gained on Friday after traders cheered a Russian bond payment that averted a historic sovereign default, while gold prices dropped as demand for the safe-haven metal eased following the start of the U.S. interest rate hike cycle.

GM buys SoftBank Vision Fund's stake in Cruise for $2.1 bln

General Motors said on Friday it had entered into a deal with SoftBank Vision Fund and certain of its affiliates to acquire the fund's ownership stake in GM Cruise Holdings LLC for $2.1 billion.

Western companies wrestle with Russia 'half-exits'

Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin's government and advocates of Ukraine pulling them in opposite directions.

U.S. booking sites seeing strong demand for 2022 travel

U.S. booking sites including Vrbo, Hopper and KAYAK are seeing higher demand for spring and summer leisure travel as COVID-19 restrictions ease and travelers appear to be shrugging off added costs to plane tickets and road trips from rising fuel prices.

Google is accused in lawsuit of systemic bias against Black employees

A lawsuit filed on Friday accuses Google of systemic racial bias against Black employees, saying the search engine company steers them to lower-level jobs, pays them less and denies them opportunities to advance because of their race.

Exclusive: Veon employees in bomb shelters keep Ukraine's biggest mobile network up, CEO says

Thousands of telecom operator Veon employees are working from bomb shelters in Ukraine and moving equipment to border areas to maintain a digital lifeline for refugees fleeing the war, the company's chief executive said on Friday.

Dollar gains on Fed official remarks, stays firm vs yuan after Biden-Xi talk

The U.S. dollar index bounced back on Friday from recent declines as Federal Reserve officials said the central bank may need to be more aggressive to deal with inflation, while the dollar hit a fresh six-year high against the yen.

Wall St closes higher after Biden-Xi talks end, oil steadies

Wall Street's three major indexes closed higher on Friday, with the biggest boost from recently battered technology stocks, after talks between U.S. President Joe Biden and Chinese President Xi Jinping over the Ukraine crisis ended without big surprises.

U.S. lawmakers ask Oshkosh for documents on USPS vehicle contract

A group of U.S. lawmakers led by House Oversight chair Carolyn Maloney asked Oshkosh Corp if it sought to avoid using union workers by deciding to build the next-generation U.S. Postal Service delivery vehicles in South Carolina.

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