Two of the Federal Reserve's most hawkish policymakers on Friday said the central bank needs to take more aggressive steps to combat inflation, with one saying he would have supported a larger move this week were it not for the war in Ukraine and the other saying the geopolitical risks should not impede them.

Office rental company IWG said on Friday it plans to add more than 1,000 new locations globally in 2022, with particular focus on suburban areas, due to increasing demand for the hybrid work model in a post-pandemic environment.

LONDON (Reuters) -British American Tobacco Plc is in advanced talks to transfer its Russian business to Russia's SNS Group of Companies, its distributor, SNS said, after Moscow suggested it could nationalise assets of foreign firms that left the country.

BERLIN (Reuters) -Germany's economy ministry has launched an investigation into whether engineering group Bosch violated an export ban on goods that can be used for both civilian and military purposes, Der Spiegel magazine reported on Friday.

British American Tobacco Plc is in advanced talks to transfer its Russian business to SNS Group of Companies, its distributor of about 30 years, SNS said, amid threats that Moscow would renationalise assets of foreign firms that left the country.

European shares struggled for momentum on Friday after strong gains earlier this week, as investors focussed on Russia-Ukraine peace talks that have shown no tangible progress so far.