Explainer: Russia walks the plank to a foreign bond default
Russia's failure to send an interest payment to creditors is triggering a payout on debt insurance, taking the country another step closer to its first...
Harley-Davidson restarting motorcycle production on June 6, WSJ reports
Davidson Inc (HOG.N) will resume its motorcycle production on June 6 after a previously announced two-week halt, the Wall Street Journal reported on Friday citing a company...
Deere to move cab production to Mexico amid tight U.S. labor market
Agriculture equipment maker Deere & Co (DE.N) said on Friday it would move the company's cab production from its Waterloo, Iowa plant to Mexico due to a...
Air Canada sees travel demand in Asia rebound by end of 2023 executive says
Air Canada (AC.TO) is expecting a demand for flights between Canada and the Asia-Pacific to recover to a near pre-pandemic level by December next year, a top...
EU blacklists wife of Russian billionaire Melnichenko to curb bypassing sanctions
The European Union on Friday blacklisted Aleksandra Melnichenko, the wife of Andrey Melnichenko, a previously sanctioned Russian billionaire who Reuters revealed had reassigned his companies...
Analysis: Elon Musk opens door to a Tesla talent exodus
Elon Musk needs to cut one in ten jobs at Tesla. Some may already have their eye on the exit. The Tesla (TSLA.O) chief executive’s intentions, conveyed...
Baby formula shortage could ease as Abbott reopens Michigan plant
Abbott Laboratories (ABT.N) said on Saturday that it has reopened its baby formula production plant in Sturgis, Michigan, taking a step toward alleviating an acute nationwide shortage...
Russia summons heads of U.S. media outlets, warns of ‘stringent measures’
Russia's Foreign Ministry said it was summoning the heads of U.S. media outlets in Moscow to a meeting next Monday to notify them of tough...
Russia is blowing up bridges in Sievierodonetsk to thwart Ukrainian reinforcements, regional governor says
Russian forces are blowing up bridges across the Seversky Donets river to prevent Ukraine bringing in military reinforcements and delivering aid to civilians in the...
Ukraine has retaken about 20% of territory lost in Sievierodonetsk, regional head says
Ukrainian forces have recaptured around 20% of the territory they lost in the city of Sievierodonetsk during fighting with Russia, the head of the eastern...