Wednesday , 17 December 2025

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Ukraine conflict: Asia stocks slump to 16-month low

  Bloomberg Asian stocks tumbled to their lowest since November 2020 as signs Russia’s attack on Ukraine is intensifying further roiled financial markets. The MSCI Asia Pacific Index fell as much as 1.8%, as Ukrainian officials said Russian forces have occupied the site of Europe’s largest nuclear power plant after an attack that caused fire. The gauge is now down …

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Pandemic rebound clouded as war lifts oil, says Lufthansa

Bloomberg Deutsche Lufthansa AG said the war in Ukraine will cloud prospects for a long-awaited recovery from the coronavirus pandemic as fuel prices climb and flights are diverted to avoid shuttered skies. Europe’s biggest airline cut its annual loss by two-thirds in 2021 as Covid curbs eased, according to a statement. Earnings this year should show a further improvement, but …

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Burberry, H&M scale back Russia business

  Bloomberg Fashion retailers Hennes & Mauritz AB, Burberry Group Plc and Boohoo Group Plc are curtailing operations in Russia after its invasion of Ukraine, with the Swedish clothing chain expressing concern about “tragic developments” there. H&M is pausing all sales in Russia after shutting stores in Ukraine for safety reasons, it said. Burberry has halted shipments to the country …

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