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Russia ordered its troops to leave Ukraine’s city of Kherson, the first major regional center seized in its invasion, in a highly symbolic setback for President Vladimir Putin. With Kyiv’s forces pressing their counteroffensive in the region bordering occupied Crimea, Russian Defense Minister Sergei Shoigu in a televised briefing Wednesday ordered the troops to withdraw from the western bank of ...

Vladimir Putin won’t attend the Group of 20 summit next week, people familiar with the planning said, as the Kremlin seeks to protect the president from potential high-level tensions over his invasion of Ukraine. Ending months of suspense, Putin’s decision avoids potential confrontations with other world leaders, including US president Joe Biden who has labeled the Russian president a “war ...

US voters delivered a mixed verdict in elections shaped by inflation and splits around social issues, with Republicans headed toward control of the US House, but by smaller margins than forecast. With polls closed across most of the US, some of the bellwether races that Republicans had hoped to snatch were held by Democrats. In one of their biggest wins ...

Hungary denied it’s holding up the Nato entry bids of Finland and Sweden as part of its fight over billions of euros in European Union aid but won’t vote on expanding the military alliance until it passes laws tied to the cash. Finland and Sweden, which are also EU members, will cast votes when the bloc decides next month on ...

Wells Fargo & Co. is under pressure from the Consumer Financial Protection Bureau to pay more than $1 billion to settle a series of investigations into mistreatment of customers, a deal that would shatter the agency’s previous record — also with Wells Fargo. The regulator’s demand in confidential talks, described by people with direct knowledge of the matter, reflects its ...

Barclays Plc will refund more than a 1,000 customers an average of £750 ($858) after it failed to send them reminder of its payment protection insurance (PPI) policies. The total payout of up to £1 million is made up of refunds and goodwill payments, according to a Competition & Markets Authority (CMA) statement on Wednesday. The CMA requires providers to ...

Most banks that have published net-zero emissions targets are failing to live up to those commitments, according to a fresh study by ShareAction. The majority of the 43 largest financiers of fossil fuels in the Net Zero Banking Alliance (NZBA) “have climate targets that fall short of what’s needed to prevent the worst impacts of climate crisis,’’ the nonprofit said. In ...

US equity-index futures fluctuated between gains and losses as corporate performance showed signs of stress and midterm elections failed to yield a Republican sweep that investors had anticipated. December contracts on the Nasdaq 100 and S&P 500 indexes were little changed, a day after US stocks capped a three-day rally. News Corp. and Walt Disney Co. tumbled at least 8% ...

Chinese investors have been scooping up Hong Kong tech stocks for weeks on end, lured by the market’s cheap valuation after shares saw some of the biggest plunges worldwide. Onshore investors have been net buyers of Hong-Kong listed stocks for 24 straight sessions through Nov. 8, adding HK$118 billion ($15 billion) in the longest run of gains since early 2021, ...

Adidas AG slashed its profitability forecast for the fourth time this year after ending its partnership with rapper Ye and discontinuing the lucrative Yeezy line of sneakers. The German company said it now expects an operating margin of 2.5% this year, down from a previous 4% target. The lower forecast reflects the company’s decision last month to end its collaboration ...