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 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