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Tourism collapses in Russia following Western sanctions
The number of foreign tourists visiting Russia collapsed last year due to the impact of Western sanctions imposed on the country following its military operation in Ukraine and strict Covid restrictions in China, industry professionals said Thursday.
Shareholder sues Shell bosses over climate risks
British energy giant Shell has been hit with a new lawsuit over climate change, with activist investors accusing the company's leadership of mismanaging risks to the company.
Adani's links to foreign firms
The troubled business empire of Indian tycoon Gautam Adani has links to foreign firms in a broad range of sectors including banking, energy and food. - Financial partners - The Adani empire is made up of several listed firms, the main one being Adani Enterprises Limited.
Energy crisis looms over S.Africa's state-of-nation speech
South African President Cyril Ramaphosa will seek to lift the mood of a country encumbered by energy shortages and a sickly economy when he delivers his state-of-the-nation address Thursday. South Africans are despondent at the state of a country battered by a stagnant economy, mounting crime, dizzying unemployment rates, worsening inflation and water and electricity shortages.
Nissan keeps annual profit forecasts, cuts unit sales target
Nissan maintained its full-year profit forecasts on Thursday, saying chip shortages and other Covid disruptions would hit sales volumes but that it would fight back through "strict financial discipline". But in the January-March quarter, Nissan "expects to offset the negative impact of volume decline by continued improvement in performance with strict financial discipline".
Unilever enjoys strong 2022 on higher prices
British consumer goods group Unilever said Thursday that 2022 profits soared as sales of its food and hygiene products leapt on higher prices fuelled by inflationary pressures. Unilever produces household food, cleaning and beauty products, including Magnum ice cream, Cif surface cleaner and Dove soap.
Credit Suisse posts biggest loss since 2008 financial crisis
Credit Suisse on Thursday posted its biggest annual loss since the 2008 financial crisis and the scandal-plagued Swiss banking giant expects to fall deeper into the red in 2023. Citing the impact from restructuring charges and its exit from non-core businesses, Credit Suisse said in a statement that it "would also expect the group to report a substantial loss before taxes in 2023".
Australia to remove Chinese-made cameras from defence sites
Australia's defence department will strip its buildings of Chinese-made security cameras to ensure they are "completely secure", the government said on Thursday. Australian Defence Minister Richard Marles said officials would hunt down and remove all Chinese-made security cameras within its buildings.
MSCI review puts India's Adani shares back in the red
Global stock index compiler MSCI said it was reviewing the status of equities in India's Adani Group on Thursday, ending a brief rally for the troubled conglomerate, as it fends off allegations of market manipulation.
AFP
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