A package of sanctions imposed on Russia, its top companies and its business and political elite over Moscow's invasion of Ukraine look set to trigger a deep recession in Russia.

(Reuters) -Elon Musk tweeted on Friday that his $44-billion cash deal for Twitter Inc is “temporarily on hold” while he waits for the social media company to provide data on the proportion of its fake accounts.

LONDON (Reuters) -Some Swedish Match investors are divided about whether Philip Morris' $16 billion offer for the Stockholm-based company is good value for one of the world's biggest makers of oral nicotine products.

Former U.S. Vice President Mike Pence will host a rally for Georgia Governor Brian Kemp on the eve of his re-election race, setting up a direct clash with former President Donald Trump as Republicans vie to keep control of the key southern state.

U.S. import prices were unexpectedly flat in April as a decline in the cost of petroleum offset gains in food and other products, a further sign that inflation has probably peaked, though it will remain elevated.

United Airlines Holdings Inc Chief Executive Scott Kirby said on Friday the carrier and its pilots' union had reached an agreement in principle on new contract terms.