Bloomberg Rolls-Royce Holdings CEO Warren East will step down at the end of this year, after leading the engine maker through a punishing period capped by the Covid-19 pandemic. The board will conduct a search for a successor for East, a former technology executive who struggled to make Rolls a more efficient operation even before the virus hit in 2020. The ...

Bloomberg Russian forces closed in on Ukraine’s capital and its embattled leadership as President Vladimir Putin shrugged off a barrage of sanctions imposed by the US and Europe and pressed deeper with his invasion. With the war raging Friday, Chinese President Xi Jinping told Putin in a call that he supported negotiations between Russia and Ukraine, according to China Central ...

  Bloomberg European Union diplomats approved a plan to sanction Russian President Vladimir Putin and Foreign Minister Sergei Lavrov over the invasion of Ukraine, a move that would freeze their overseas assets, according to two senior officials. The asset freeze, which comes in addition to a broader package of sanctions that the EU approved early Friday, does not affect the ...