Business
UK unveils new Russia sanctions
London’s new restrictions on Moscow target more than 50 individuals and entities, according to a government press release
German giant overtakes Tesla as world’s most valuable auto brand
Mercedes-Benz is leading with high-end focus amidst electric challenge, particularly from Chinese EV car brands, research shows
First Russian bank receives Chinese credit rating
Alfa-Bank has become the first major Russian bank to receive an international rating in China
Starbucks tempts Chinese clients with pork-flavored coffee
The Chinese branch of Starbucks coffee chain released a new pork-flavored drink to mark the Lunar New Year
French food giant plans to sell Russian business – FT
Danone’s rebranded operations will be sold to a local dairy group for over $190 million, according to a report
Russia tears up Soviet-era fishing agreement with UK
Russia’s State Duma has approved a draft law rescinding a 1956 treaty that allowed the UK to fish in the Barents Sea
France seizes €120mn Russian-owned villa
Paris prosecutors believe the luxurious Villa Maria Irina belongs to Russian energy giant Gazprom, according to Le Monde
EU agrees new round of Russia sanctions
The 13th package will come in time for the second anniversary of the launch of Russia’s military operation in Ukraine
Russia to triple LNG exports by 2030 – deputy PM
Moscow plans to continue ramping up both output and exports of liquefied natural gas, according to Aleksandr Novak
Britons compare parenthood to ‘financial suicide’
Childcare costs in England are driving parents into debt or even abortion, a study has found
US tech titans valued at more than most countries’ entire stock markets – Deutsche Bank
The profits and value of America’s seven largest companies outstrip those of listed firms in nearly every other G20 country, analysts say
Russian oil giant reports almost 50% profit surge
Rosneft’s net income surged to $14 billion last year despite sanctions on the country’s oil
Dutch court denies Russia’s appeal of $50bn Yukos award
Moscow has stated that foreign courts have no jurisdiction in the case of a Russian oil company that went bankrupt nearly 20 years ago
Chinese competitor to Boeing and Airbus makes international debut
The nation’s first domestically produced narrow-body jet, the C919, is being showcased at the Singapore Airshow
Superstition and taboo: Germany retreats into the Middle Ages as its economy declines
Germany’s apparent decline as an economic power has been accompanied by a descent into medieval thinking and symbolism
EU extends Russia sanctions
Brussels’ economic restrictions placed on Moscow due to the Ukraine conflict have been prolonged for another year