Bloomberg Lukoil PJSC, Russia’s second-largest oil producer, said profit dropped 59 percent in the first quarter as oil prices declined to a 12-year low. Net income fell to 42.8 billion rubles ($651 million) from 104 billion rubles a year earlier, the Moscow-based company said. Russian producers have been partially buffered against the rout in crude by a weaker ruble, …

  Bloomberg Chinese retailer Suning Commerce Group Ltd will acquire about 70 percent of Italian soccer club Inter Milan for €270 million ($306 million), making the deal a rare purchase in which a Chinese company will control a major European sports team. Suning will purchase existing and new shares in Inter Milan. Suning’s Inter Milan deal comes as another Chinese …

On May 29, 2016, South Korean President Park Geun-hye’s spokesman announced that Uganda pledged to suspend all military and police ties with North Korea. This announcement followed a bilateral meeting, between Park and Uganda’s President Yoweri Museveni. The Ugandan government has been careful to insist that Kampala will maintain diplomatic relations with Pyongyang, but the suspension of military cooperation is …