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  Bloomberg Gazprom PJSC, the Russian state-controlled energy giant, is already in the process of settling a $1.3 billion debt due on Monday. The company wired the cash to the settlement bank, which will probably release the funds on March 4, a person familiar with the matter said, declining to be identified because the information is private. Gazprom also has ...

There are many ways in which Russian President Vladimir Putin has made the world a more dangerous, brutish and frightening place. One is by raising the potential for nuclear Armageddon. Two scenarios stand out. The first involves the short term; the other, the long. In the short term, we’re all hoping his latest nuclear threat is just a bluff. During ...

Nike Inc is so on trend right now. By making its hottest sneakers harder to find, it’s on its way to becoming more a top-end name, like Gucci or Louis Vuitton, than a mainstream product. That’s of immense value to both the sportswear giant’s brand equity and its profits. And with American luxury on a tear, it’s a strategy the ...

  Something still feels broken in the labour market. There are many jobs and wages are up. But there is also a sense of uncertainty and misery. Service jobs can be grueling, and despite recent growth, people’s wages over the course of their careers aren’t increasing as fast as they once did — especially when you account for inflation. And ...

  A common problem in environmental, social and governance investing is that if you own stock in a coal company, and you care about ESG, so you sell that coal company stock, you are sort of by definition selling it to someone who does not care as much about ESG. And then what? It is fairly straightforward to say “I ...

Bloomberg Target Corp soared after unveiling a forecast for new profit gains on top of the pandemic-related boom that has already sparked robust growth. Operating profit will post a percentage increase in the low single digits this year, the retailer said, bucking Wall Street’s expectations that the closely watched number would decline. Target also predicted steady financial gains beyond 2022 ...

Bloomberg United Airlines Holdings Inc will stop flying over Russia for its daily flights to India, becoming the last major US passenger carrier to withdraw from the airspace following the invasion of Ukraine. The airline expects short-term disruptions as it reroutes flights to Mumbai and New Delhi from its hubs in Chicago, Newark and San Francisco, spokeswoman Leslie Scott said. ...

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary said fuel hedging and cost curbs will help it put the squeeze on rivals this summer as the Ukraine invasion adds to a slew of challenges facing airlines. While Ryanair saw bookings drop 20% after Russia launched its attack, sales have already begun to recover and Europe’s biggest discount carrier still ...

Bloomberg A plunging ruble, flight cancellations and money-transfer difficulties are prompting Russian and European tourists to cancel trips to Thailand, a blow to the Asian nation’s tourism-revival efforts. The exclusion of many Russian banks from the SWIFT payments network has resulted in tour operators running into problems when making transfers, according to Charintip Tiyaphorn, co-owner of Pimalai Resort & Spa ...

Bloomberg A Boeing Co 737 cargo plane operated by a Qantas Airways Ltd subsidiary suddenly depressurised during a flight last year after a misplaced insulation blanket clogged up the main outflow valve, Australia’s air-safety investigator said. Cold air rushed into the cockpit and the two-person crew suffered pain in their ears when the jet lost cabin pressure descending through 8,000 ...