International News

Bloomberg Chilean copper production is expected to recover from the leanest January in more than a decade to register a similar annual haul as last year, according to the president of the country’s mining society. The world’s biggest supplier saw output slide 7.5% from January 2021, with lower ore quality and water scarcity among the reasons. In some cases, the ...

  Bloomberg Commodities extended their massive rally as Russia’s invasion of Ukraine continues to roil global markets and fuel fears of supply crunches. Prices from crude and aluminum to wheat soared, as raw materials stage their most stunning weekly surge since 1974 during the days of the oil crisis. Russia’s growing isolation is choking off a major source of energy, ...

Bloomberg The White House is asking Congress for $32.5 billion in emergency funding to boost its response to Russia’s invasion of Ukraine and tackle the ongoing fight against the coronavirus. President Joe Biden’s administration has requested $10 billion for Ukraine, money that will be used to address the mounting humanitarian crisis as well as assist its defense against Russia. Of ...

  Bloomberg Amazon.com Inc and its sparring partner Future Retail Ltd. will hold talks to resolve a dispute over the sale of the latter’s assets to Reliance Industries Ltd, a move that could end a bitter litigation that delayed payments to bondholders and deepened losses for Future’s former-billionaire founder. During a Supreme Court hearing Thursday, Future’s lawyers agreed to a ...

  Bloomberg Applications for US state unemployment insurance fell by more than forecast to the lowest level since the start of the year, as Covid-19 cases decline and restrictions ease. Initial unemployment claims decreased by 18,000 to 215,000 in the week ended February 26, Labor Department data showed Thursday. The median estimate called for 225,000 applications in a Bloomberg survey ...

  Bloomberg The European Union can slash imports of Russian gas by a third within a year by increasing purchases from elsewhere, ramping up renewables and boosting energy efficiency, according to the International Energy Agency. Under a 10-point plan published Thursday, the IEA said that efforts to phase out Russian gas can still be compatible with the bloc’s climate ambitions. ...

  Bloomberg Even after a salary cut, Denise Coates’ paycheck is hard to beat. The 54-year-old founder and co-chief executive officer of Bet365 Group Ltd got about 300 million pounds ($400 million) in pay and dividends in the year to March 2021, according to a registry filing, taking her total pay from the online bookmaker’s past two financial years to ...

  Bloomberg Finland’s Fortum Oyj will stop all new investment projects and cut the number of its power plants in Russia, pulling back just as it looks to bolster energy generation at home. The utility is following global energy giants from BP Plc to Exxon Mobil Corp. in retreating from Russia after President Vladimir Putin’s invasion of Ukraine. While Fortum ...

  Bloomberg Roman Abramovich is selling his London properties, according to British MP Chris Bryant, and a Swiss billionaire said he’s been approached about buying Chelsea Football Club. “He’s terrified of being sanctioned, which is why he’s already going to sell his home tomorrow and sell another flat as well,” Bryant, a member of Britain’s opposition Labour Party, said in ...

Bloomberg Nord Stream 2 AG, operator of the controversial gas pipeline under the Baltic Sea to Germany, said it can’t confirm published reports that it has filed for bankruptcy amid a raft of international sanctions against Russian assets. “We cannot confirm the media reports,” it said in a statement. Switzerland-based Nord Stream 2 AG “only informed the local authorities that ...