Russia’s economy ended four quarters of contraction with a bigger growth spurt than forecast, putting it on track to return to its pre-war level as soon as next year as it adapts to the impact of international sanctions.
European stocks declined on Friday, erasing all gains for the week, as worries about the possibility of hawkish-for-longer central banks outweighed optimism around cooling inflation.
The crash of Vertical Aerospace Ltd.’s only electric air-taxi prototype this week will force the startup to pause flight tests until regulators complete an investigation.
Air Canada said it hedged about 30% of its jet fuel costs as it re-enters the oil derivatives market after about four years.
Russian forces aimed four Kinzhal ballistic missiles at military airfields in western Ukraine in what a Ukrainian Air Force spokesman said was part of an effort to forestall training by Kyiv’s troops on Western weapons systems including F-16 fighter jets. One of the missiles was shot down over Kyiv; the others hit what were termed civilian areas in the Ivano-Frankivsk region. An eight-year-old boy was killed.
McDonald’s Corp. is streamlining the process for franchisees who’ve failed inspections to get back in compliance, which should make it quicker for operators to recover their ability to open new restaurants.
Buying a home in California slipped further out of reach as interest rates climbed and scarce inventory bolstered prices.
The US Securities and Exchange Commission has not yet come to a decision on whether to approve the ARK 21Shares Bitcoin ETF application, delivering another delay for the long-awaited product.
Argentina’s government has created a tangle of rules about who can access dollars and for what, spawning a dozen exchange rates and making an already vexing system more complicated in a bid to delay a devaluation.
Brazil’s annual inflation accelerated for the first time in over a year, topping economist expectations, as the central bank signals plans to keep cutting interest rates by 50 basis points.
