Nervous staff, not bankers: Western companies struggle to leave Russia

HELSINKI, July 4 (Reuters) – For foreign companies still figuring out what to do with their stranded Russian assets, President Vladimir Putin’s seizure of a major oil and gas project is a strong warning: go fast or else . Companies are grappling with how to leave in ways that limit financial impact, don’t endanger employees … Read more

Biden administration backs possible sale of F-16s to Turkey

A US Air Force F-16 fighter participating in the US-led Saber Strike exercise flies over Estonia on June 6, 2018. REUTERS/Ints Kalnins Register now for FREE unlimited access to Reuters.com Register MADRID, June 29 (Reuters) – The Biden administration on Wednesday backed the possible sale of US F-16 fighter jets to Turkey, a day after … Read more

Sweden’s Sandvik will wind up Russia’s business, book $ 98 million

OSLO, June 29 (Reuters) – The Swedish engineering group Sandvik (SAND.ST) will wind up its operations in Russia and post a non-recurring tax of SEK 1 billion (USD 98.3 million) in its second quarter earnings report. said Wednesday. Sandvik put its Russian business on hold on February 28 after the invasion of Ukraine, and has … Read more

Crypto Crash Threatens North Korea’s Stolen Money As It Steps Up Weapons Tests

SEOUL, June 29 (Reuters) – The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital researchers say, threatening a major source of funding for the sanctioned country and its weapons programs. North Korea has invested resources in stealing cryptocurrencies in recent years, making it a … Read more

June heat wave in Tokyo worst since 1875, power supply cracks under pressure

TOKYO, June 28 (Reuters) – Japan baked in scorching temperatures for the fourth straight day on Tuesday, as heat in the capital broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to face the specter of budget cuts. increase. The heat wave comes less than two weeks before a national … Read more

Africa’s dream to feed China hits hard reality

China wants to boost trade with Africa to reduce deficits African agricultural producers push for access to China Even with trade deals, lengthy approvals hamper exports THIKA, Kenya, June 28 (Reuters) – Watching workers poke avocados from the treetops at an orchard owned by Kenyan agricultural company Kakuzi, director Chris Flowers relishes the thought that … Read more