SHANGHAI (Reuters) -Manufacturers of everything from flash drives to glass for Apple iPhone screens are warning of shipment delays as they comply with Chinese controls to curb the spread of COVID-19, further straining global supply chains.

STOCKHOLM (Reuters) -H&M reported a 23% rise in first quarter sales on Tuesday, which was in line with market expectations, as the world's second-biggest fashion retailer attempts to build on its recovery from the COVID-19 pandemic.

COLOMBO (Reuters) -Sri Lanka will start official talks with the International Monetary Fund (IMF) next month, a cabinet spokesman said on Tuesday, as the government seeks to stave off the island nation's worst economic crisis in years amid growing protests.

(Reuters) -Toyota Motor Corp said on Tuesday it would make additional production cuts in March due to a shortage of semiconductor chips, days after the Japanese automaker reduced its domestic production target by as much as 20% for the April-June quarter.

Italian bank UniCredit is conducting an urgent review of its Russian business and could decide to quit the country after its invasion of Ukraine, Chief Executive Andrea Orcel said on Tuesday.

BERLIN (Reuters) -Volkswagen sold 2 million fewer cars than planned last year due to the semiconductor shortage, it said Tuesday, warning that ongoing supply bottlenecks, high commodity prices and the Russia-Ukraine conflict could hit growth in 2022.