Bloomberg OMV AG, Austria’s biggest fossil-fuel company, will book charges of as much as 1.8 billion euros ($2 billion) related to the Nord Stream 2 pipeline and its investment in a giant natural gas field as it quits most Russian projects following the country’s invasion of Ukraine. The Vienna-based company expects value adjustments of 500 million to 800 million euros ...

While Putin’s war in Ukraine is delivering shocks to the energy market and driving up fertiliser prices, the bigger problem has become the soaring cost of wheat. Russia is steering the world toward an increasingly severe food security crisis — compounding the shortages already caused by the pandemic and climate change. More than 70% of Ukraine is prime agricultural land ...

With China’s technology giants facing a plethora of struggles, Southeast Asia was supposed to be the hip new market that offered a well of fast-growth companies. That’s coming at a heavy cost. Earnings reports from e-commerce and gaming provider Sea Ltd as well as food and deliveries giant Grab Holdings Ltd are a stark reminder that years of break-neck speeds ...