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19848 articles published since 08 Mar 2022

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'Urgent' for G7 to seize Russian profits for Ukraine: Yellen
'Urgent' for G7 to seize Russian profits for Ukraine: Yellen
Business and Economy

US Treasury Secretary Janet Yellen said Tuesday it was urgent for G7 nations to jointly seize profits from frozen Russian assets and redirect them to Ukraine, as the group prepared to meet on the issue. G7 officials say the group is due to meet on the sidelines of the Sao Paulo gathering to discuss support for Ukraine, as its grueling fight against Russia enters its third year.

'Urgent' for G7 to jointly seize Russian profits for Ukraine: Yellen
'Urgent' for G7 to jointly seize Russian profits for Ukraine: Yellen
Business and Economy

US Treasury Secretary Janet Yellen said Tuesday it was urgent for G7 countries to jointly seize profits from frozen Russian assets and redirect them to Ukraine, as the group prepared to meet on the issue. G7 officials say the group is due to meet on the sidelines of the Sao Paulo gathering to discuss supporting Ukraine in its grueling fight against Russia.

US retailer Macy's to close 150 stores
US retailer Macy's to close 150 stores
Business and Economy

The iconic but struggling US department store Macy's announced plans on Tuesday to close around 150 locations by 2026, while concentrating investments in its more upscale Bloomingdale's and Bluemercury brands. Luxury brands Bloomingdale's and Bluemercury have been "outperformers within the Macy's, Inc. portfolio," the statement said.

UK 'net zero' economy bucks recession: study
UK 'net zero' economy bucks recession: study
Business and Economy

Britain's green economy grew in 2023 to buck a broader recession, a report showed Tuesday that urged politicians heading into a general election to stick by climate-friendly investments. The overall British economy slipped into recession in the last six months of 2023, according to official data.

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