 | | | | Amazon.com Inc plans to initiate criminal court proceedings this week against its Indian partner Future Retail for allowing the transfer of assets to a major rival despite a legal prohibition, three sources with direct knowledge of the matter told Reuters. | | | | | | Italy's third-largest bank Banco BPM has occupied a special place on the wish list of Andrea Orcel since the veteran dealmaker took the reins at UniCredit last April, several sources have said. | | | | | | Spotify said on Wednesday it has closed its office in Russia indefinitely in response to what the audio streaming platform described as Moscow's "unprovoked attack on Ukraine." | | | | | | Netflix, fashion outlet H&M, tech company Oracle and many others cut or paused business in Russia on Wednesday because of the attack on Ukraine, while the United States laid out new sanctions and a Ukrainian official outlined to Reuters plans for fanning corporate support. | | | | | | Citigroup Inc could face billions of dollars of losses at its Russian business under the worst case scenario, although it expects its actual losses to be less than that, Chief Financial Officer Mark Mason said on Wednesday. | | | | | | Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests, a top Ukrainian government tech official told Reuters on Wednesday. | | | | | | The former chief executive of electric vehicle startup Lordstown Motors Corp sold $13.5 million worth of shares in the electric vehicle startup on Feb. 28, according to a regulatory filing - a day before General Motors Co disclosed it had sold its stake in the company. | | | | | | The U.S. economy expanded at a modest to moderate pace from mid January through mid February while inflation pressures broadened and employers continued to struggle to find workers, a Federal Reserve report showed on Wednesday. | | | | | | General Electric Co on Wednesday said it has temporarily paused support of airlines in Russia to be consistent with the sanctions imposed by the United States, the United Kingdom and the European Union. | | | | | | Alphabet Inc's Google from April 4 will require employees back about three days a week in some of its U.S., U.K. and Asia Pacific offices, its first step to end policies that allowed remote work because of COVID-19 concerns. | | | | | |
