Oil prices soared more than 10% in hectic trading on Monday as the risk of a U.S. and European ban on Russian product and delays in Iranian talks triggered what was shaping up as a major stagflationary shock for world markets.
The Milan-based luxury group Prada has suspended its retail operations in Russia, it said in a statement on Saturday, following a slew of other leading brands who have already announced similar moves.
BEIJING (Reuters) -China on Saturday targeted slower economic growth of around 5.5% this year as domestic headwinds, including a downturn in its vast real estate sector and lacklustre consumption, cast a pall on the outlook for the world's second-largest economy.
Russia's escalating war in Ukraine has sent commodity and energy prices soaring, boosted safe havens and hammered Europe's common currency and its stock markets.
BEIJING (Reuters) -China on Saturday targeted slower economic growth of around 5.5% this year as domestic headwinds, including a downturn in the country's vast real estate sector and lacklustre consumption, cast a pall on the outlook for the world's second-largest economy.
SpaceX chief Elon Musk said on Saturday that its Starlink satellite broadband service has been told by some governments, not Ukraine, to block Russian news sources.
BEIJING (Reuters) -The Chinese government has set its 2022 economic growth target at around 5.5%, Premier Li Keqiang said at the opening of the country's annual meeting of parliament on Saturday, lower than a year earlier.
China receives US equipment to make advanced chips despite new rules - report
China receives US equipment to make advanced chips despite new rules-report
U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
Google's expert in US antitrust trial defends billions paid to device makers
Post-strike Hollywood rushes to get film, TV sets humming
