STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months, while its Finnish rival Nokia said it also plans to shutter most of its Russian business by the end of the year.

(Reuters) -Australian miner Fortescue Metals Group Ltd said on Monday its annual profit fell 40% despite record shipments of iron ore, due to declining prices of the steelmaking material amid cooling demand from top consumer China.

STOCKHOLM/MOSCOW (Reuters) -Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers.

(Reuters) -Australian miner Fortescue Metals Group Ltd on Monday said its annual profit fell 40% as weaker iron ore prices due to cooling demand from top consumer China, escalating costs and labour shortages chipped away at its earnings.

China's factory activity likely contracted again in August, a Reuters poll showed on Monday, as COVID flare-ups and a distressed property sector pummelled demand while a power crunch in southwestern China hit production.

A U.S. judge on Saturday said it was her "preliminary intent" to grant former President Donald Trump's request to appoint a special master to oversee a review of materials seized Aug. 8 from his Florida home during an FBI raid.