Bloomberg Russia’s economy has been dealt a severe blow by international sanctions imposed following the invasion of Ukraine and that damage will become increasingly clear, according to Germany’s vice chancellor. The revenue Russia receives from commodities like oil and gas is “painful,” Robert Habeck, who is also the economy minister, said in a speech to parliament. But that doesn’t accurately ...

Bloomberg The Biden administration announced $2.1 billion in new funding to bolster food supply chains, including the efforts to support smaller processors and help farmers shift to the organic production. The initiatives will begin to have an impact on lowering food inflation “as we get in the tail end of 2022 and into 2023,” Agriculture Secretary Tom Vilsack told reporters ...

Bloomberg Meta Platforms Inc.’s Sheryl Sandberg, who became one of the most recognised figures in global business after helping Facebook transform from a startup into a multibillion-dollar advertising powerhouse, is stepping down as chief operating officer (COO). Sandberg, 52, will remain on the board of Meta, the parent company of Facebook, Instagram and WhatsApp, according to a post on the ...