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  • News

    U.S. to lift sanctions on former Russian Sberbank unit

    The Treasury imposed sanctions on the entity, previously called Subsidiary Bank Sberbank of Russia Joint Stock Co, in February last year in response to what Russia calls a "special military operation" in Ukraine. Sberbank, Russia's largest lender, sold its Kazakh subsidiary in August to Kazakh state-owned financial holding company Baiterek.

  • Business
    Yahoo Finance

    Stock market news live updates: Stocks swing as investors mull Powell remarks

    U.S. stocks seesawed Tuesday afternoon after Federal Jerome Powell signaled in a highly anticipated speech that more rate hikes were needed than the market is pricing in, while embracing the presence of disinflation in the economy.

  • Business
    The Telegraph

    Zoom to lay off 1,300 employees as work from home craze ends

    Zoom is to make 1,300 layoffs, letting go of around 15pc of its workforce as the Covid-19 pandemic’s work-from-home culture comes to a crashing halt.