A law suit against the directors of Shell was being prepared by environmental lawyers ClientEarth, the organization has said. The legal action is being brought in over the climate transition plan of the company. This would also be the first law suit of its kind if it materializes.   The...

Oil giant Chevron Corp. is getting ready to take over complete control of the operations of its joint ventures Venezuela in the event of the United States relaxing its sanctions on Venezuela so that there is increase in supply of oil into the US to make up for the ban on imp[ort of Russian oil and...

Deutsche Bank, which has been chastised by some investors and lawmakers for its continued links to Russia, announced on Friday that it will be winding down its operations in the nation. This is a u-turn for the bank which had announced a few days ago that it would continue to offer some of its...

Volkswagen AG, Europe's largest automaker Volkswagen announced a surge in its profits for 2021 but also issued a caution that Russia's invasion of Ukraine and its impact on the company’s supply chains might have an unanticipated impact on the business of the company this year.   As Russia's...

Investors were outraged when Deutsche Bank announced it was not totally withdrawing from Russia, contrasting with Wall Street institutions that are cutting relations with the nation over its invasion of Ukraine.   Following a slew of sanctions on Russia, banks and asset managers have...

Toyota Motor Corp announced on Friday that it will reduce domestic manufacturing by up to 20 % in April, May, and June to relieve pressure on suppliers dealing with chip and other part shortages.   As the Covid-19 epidemic continues on, the action by Japan's largest carmaker is the latest to...

UniCredit, Italy's second-largest bank, said a full write-off of its Russian operations, including cross-border risk, would cost roughly 7.4 billion euros ($8.1 billion), putting its capital distribution plans in jeopardy.   UniCredit, one of Europe's most exposed banks to Russia, said it...

Fast Retailing, which owns Uniqlo, will continue to have its business and its stores open in Russia, joining a tiny group of multinational companies that have remained in the country despite hundreds of huge brands suspending business or exiting due to Russia's invasion of Ukraine.  ...

Tata Elxsi Ltd of India has partnered with Renesas Electronics Corp of Japan to establish a design centre in India for the development of electric vehicle (EV) technology, as the Indian EV industry continues to grow, according to Renesas.   The new design centre in Bangalore will serve as a...

Rivian Automotive Inc took back price rises on electric vehicles ordered before March 1, days after receiving negative feedback from consumers following a 20% price spike.   Preorder prices will revert to the former pricing on March 1, and consumers who cancelled purchases can have them...

As the impact of sanctions in the aftermath of Russia's invasion of Ukraine ripples across the international airline sector, Boeing (BA.N) announced it was halting parts, maintenance, and technical assistance for Russian airlines.   The news came late Tuesday, as aircraft and engine makers,...