Tuesday, 8 March 2022

Reuters Business: Global shares fall, oil rises in volatile trading after Russia oil ban

Global shares fall, oil rises in volatile trading after Russia oil ban

Global share markets fell on Tuesday as oil prices climbed yet further, driven by the United States banning Russian oil and other energy imports over Moscow's invasion of Ukraine.

Wall St ends down in rocky session as U.S. bans Russian oil imports

Major U.S. stock indexes ended lower in rocky trading on Tuesday, as investors weighed fast-paced developments around the crisis in Ukraine as the United States banned Russian oil and other energy imports over the invasion.

EXCLUSIVE French auditor questions SoftBank's accounting at Pepper robot developer

An auditor has questioned SoftBank's bookkeeping at the French unit that designed its Pepper robot, documents show, casting doubt on the Japanese firm's treatment of a subsidiary it is now trying to sell as the venture has floundered.

McDonald's, Starbucks close Russia locations as isolation deepens

McDonald's Corp and Starbucks Corp are temporarily closing hundreds of restaurants in Russia, with Coca-Cola and Pepsi among the latest Western companies to pause operations in the country after it moved troops into Ukraine.

Investors shift to Latam amid war in Europe, but risks remain

A rate hike cycle that started last year and low valuations had already made Latin America a darling destination for investors in 2022, and the Russian invasion of Ukraine is likely to keep cash flowing to the commodity-exposed region.

Walmart to offer its Walmart Plus service to its workers for free

Walmart Inc , the world's largest retailer, will offer its Walmart Plus membership service free for part-time and full-time workers in the United States, it said on Tuesday, joining a growing list of retailer perks being offered in a tight labor market.

Coca-Cola, PepsiCo suspend soda sales in Russia

Coca-Cola Co and PepsiCo Inc said on Tuesday they are suspending sales of their sodas in Russia, becoming the latest high-profile Western consumer brands to curtail operations in the region following Moscow's invasion of Ukraine.

U.S. Congress edges toward Ukraine aid, government funding bill

The U.S. Congress on Tuesday appeared to be on the cusp of an agreement to allocate billions of dollars in emergency aid for Ukraine, fund the federal government through Sept. 30, and provide resources to fight the COVID-19 pandemic.

ARK'S Wood sees Europe in recession, high oil prices to drive EV sales

Europe's economy is likely already in a recession as a result of the Russian invasion of Ukraine and the U.S. economy may not be far behind, which will likely prompt companies and consumers to look toward technology to lower costs, star stock picker Cathie Wood of Ark Invest said in a webinar on Tuesday.

Starbucks suspending all business activity in Russia

Coffee giant Starbucks Corp said on Tuesday that it is suspending all business activity in Russia, including shipment of its products and cafes run by a licensee.

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