Bloomberg Business

Russian Economy Shrank 2.1% Last Year, Less Than Once Expected

Russia’s economy contracted 2.1% last year, defying the worst fears of a major recession as surging commodity exports helped offset the impact of US and European sanctions imposed over President Vladimir Putin’s invasion of Ukraine.

Airbus Urged by Fund Manager to Drop ‘Zero Value’ Asset Pursuit

Airbus SE should refrain from buying a stake in a division of French software company Atos SE because the purchase would represent an “extremely inefficient” use of funds and distract management at a time when it needs to focus on meeting delivery targets, activist investor Chris Hohn said.

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