Production costs soar at Rusal due to Russia-Ukraine conflict
MOSCOW (Reuters) – Russian aluminium giant Rusal reported a 33% jump in first-half production costs on Friday, hit by a production halt at a refinery…
Business
Australian court orders Google to pay $43 million for misleading users
By Navya Mittal (Reuters) -Australia’s competition watchdog said on Friday that Alphabet Inc’s Google unit was ordered by the country’s Federal Court to pay A$60…
GSK, Sanofi and Haleon shares stabilise after Zantac litigation slump
LONDON (Reuters) -Shares in GSK, Sanofi <SASY.PA and Haleon began to stabilise on Friday after the companies said that nothing material had changed regarding U.S….
Exclusive-Bank agrees to process Russian oil transit payment to central Europe -sources
By Jan Lopatka and Marek Strzelecki PRAGUE/WARSAW (Reuters) -A European bank has agreed to process a payment for the transit of Russian oil through Ukraine,…
Dollar gains as markets reassess Fed rate hike bets
LONDON (Reuters) – The dollar edged higher in early London trading on Friday, after hawkish comments from U.S. Federal Reserve officials pushed against the idea…
J&J to end global sales of talc-based baby powder
(Reuters) – Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it…
Japan’s Hino Motors, Toyota accused of misconduct in U.S. lawsuit
TOKYO (Reuters) – Japanese vehicle maker Hino Motors Ltd and its parent, Toyota Motor Corp, have been accused of historical misconduct in a class action…
EU, South Korea say U.S. plan for EV tax breaks may breach WTO rules
By John Chalmers and Hyunjoo Jin BRUSSELS (Reuters) -The European Union and South Korea have raised concerns about proposed U.S. tax credits for purchases of…
EV maker Rivian beats revenue estimate, expects wider operating loss
By Akash Sriram and Paul Lienert (Reuters) -Electric-vehicle maker Rivian Automotive Inc on Thursday forecast a wider operating loss for the year, but shares rose…