By Rob Corp BBC News Russia-Ukraine war IMAGE SOURCE, GETTY IMAGES The French cosmetics chain L’Occitane says it will close its Russian shops and website, days after defending its decision to continue trading. The firm said the move follows the “enormous human suffering and escalating military action in Ukraine”. L’Occitane told the BBC last […]
By Katherine Latham Business reporter Patrick Paumen causes a stir whenever he pays for something in a shop or restaurant. This is because the 37-year-old doesn’t need to use a bank card or his mobile phone to pay. Instead, he simply places his left hand near the contactless card reader, and the payment goes through. […]
A Kinder chocolate factory in Belgium has been ordered to close after it was linked to dozens of salmonella cases. Belgium’s food safety authority has also ordered the recall of all Kinder products made at the factory in Arlon, which is owned by Ferrero. Suspected salmonella cases linked to Kinder chocolate have been reported in […]
The bosses of some of the world’s biggest energy firms vowed to increase production this year as they defended themselves from accusations of profiteering from the war in Ukraine. Chiefs at ExxonMobil, Chevron, and others said in Washington that they had little power over oil prices, which have soared after Russia’s invasion. Prices remain more […]
By Jane Wakefield Technology reporter Elon Musk didn’t actually tweet about his new stake in Twitter, which for an avid tweeter seemed somewhat ironic. Maybe it was because the 9.2% he now owns is described as a passive stake, although those who know Musk do not expect it to stay that way for long. His […]
By Tom Espiner Business reporter, BBC News Russia-Ukraine war Russia has said it will not cut off gas exports to Europe yet in a standoff over its demand to be paid in roubles. Russian president Vladimir Putin signed a decree on Thursday stating buyers must pay in roubles through Russian bank accounts from Friday. […]
By Tom Espiner and Michael Race Business reporters, BBC News Russia-Ukraine war Germany and Austria have triggered emergency plans over possible gas supply disruption amid a payments stand-off with Russia. Russia had demanded “unfriendly” countries pay for its gas in roubles from 31 March, but the EU, which mainly pays in euros, rejected the […]
By Faisal Islam Economics editor Russia-Ukraine war The world’s biggest companies “have a choice to make” whether to do business in Russia or in Western allied nations, a top US politician has told the BBC. Wally Adeyemo, the US Deputy Treasury Secretary, said firms could “choose to help Russia” in its invasion of Ukraine […]
By Annabelle Liang Business reporter Russia-Ukraine war Russia is considering accepting Bitcoin as payment for its oil and gas exports, according to a high-ranking lawmaker. Pavel Zavalny says “friendly” countries could be allowed to pay in the crypto-currency or in their local currencies. Earlier this week, Russian President Vladimir Putin said that he wanted […]
By Jennifer Meierhans BBC business reporter Tesla boss Elon Musk has opened a huge electric car “gigafactory” near Berlin which is the first European hub for the firm. The plant was delayed for eight months after local authority licensing problems. The more than €5bn (£4bn) factory is the biggest investment in a German car plant […]
