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By Becky Anderson, Mostafa Salem and Adam Pourahmadi, CNN Business Qatar will stand “in solidarity with Europe” and will keep natural gas flowing there, even if other customers are willing to pay more, Qatari Energy Minister Saad Sherida Al-Kaabi told CNN’s Becky Anderson in an exclusive interview on Thursday. The Gulf monarchy supplies some European

By Anna Cooban, CNN Business Russia’s invasion of Ukraine has ended globalization as we know it, says the head of BlackRock, the world’s largest asset manager. BlackRock CEO Larry Fink told shareholders in a letter on Thursday that Russia’s “decoupling from the global economy” following its assault on Ukraine has caused governments and companies to

By Charles Riley, CNN Business Russia is breaking market rules left and right as its financial isolation deepens. The latest: Russia’s stock market reopened on Thursday after it was shuttered for a month. Under normal circumstances, there wouldn’t be much demand for shares in Russian companies considering they do most of their business in an

By Uliana Pavlova and Brian Stelter, CNN A Russian journalist working for the independent news site The Insider was killed in a shelling incident in Kyiv, the outlet said in a statement on Wednesday. Oksana Baulina had been filming the shelling destruction in the capital’s Podilskyi District by Russian troops when she came under rocket

By Pete Muntean, CNN The CEOs of 10 airlines and cargo carriers have signed a letter to President Joe Biden saying he should end the transportation mask mandate and testing requirements for international travelers. In a new letter, industry group Airlines for America wrote, “now is the time for the Administration to sunset federal transportation

By Matt McFarland, CNN Business Tesla recently issued four vehicle recalls in a 12-day span. But Tesla owners did not have to rush their cars to the nearest dealership to fix the safety issues, which ranged from its “full self-driving” driver assist function rolling through stop signs, to some windshields not properly defrosting. Instead, Tesla

By Matt Egan, CNN Business Oil prices rose sharply Wednesday after Russia warned a major oil pipeline could be out of service for more than a month due to storm damage, amplifying supply shortfalls caused by the war in Ukraine. News of the outage helped drive US oil prices 5.2% higher to settle at $114.93

By Paul R. La Monica, CNN Business Here’s a promising sign from Wall Street: Transportation stocks are leading the stock market this year, and that could bode well for the broader economy. The Dow Jones Transportation Average, a group of 20 stocks that includes major railroads, truckers, airlines and freight companies, is up about 7%

By Jordan Valinsky, CNN Business Following criticism from Ukraine’s president over Nestlé’s ties to Russia, the company is halting the sale of more of its brands in the country. “Going forward, we are suspending renowned Nestlé brands such as KitKat and Nesquik, among others,” the Swiss multinational brand said in a statement. “We have already

By Paul R. La Monica, CNN Business The meme stocks are back. Shares of GameStop and AMC, two companies beloved by traders on Reddit and other social media platforms, are surging again. Shares of GameStop rose more than 30% Tuesday and were up another 16% Wednesday. AMC soared 15% Tuesday and gained 20% Wednesday. GameStop

By Anna Cooban, CNN Business The UK government is cutting payroll taxes and duties on fuel in an attempt to take some of the sting out of the worst cost of living crisis in decades. But it resisted calls to impose a new windfall tax on oil company profits to raise money to fund more

By Matt Egan, CNN Business Former Trump national security adviser H.R. McMaster said Russian President Vladimir Putin has been caught off guard by the West’s united front deploying tough sanctions in response to the invasion of Ukraine — and that the Biden administration deserves credit for helping foster that unity. “Putin perceived weakness and disunity,”

By Nadeen Ebrahim, CNN The war in Ukraine is only a month old, but its shockwaves are already being felt as far away as the Middle East, putting governments on edge as tensions simmer at home. “This crisis may be significantly more severe than the coronavirus crisis,” said Egyptian prime minister Mostafa Madbouly during a

By Matt Egan JPMorgan Chase CEO Jamie Dimon urged President Joe Biden in an off-the-record meeting this week to develop a “Marshall Plan” to fortify the energy security of the United States and Europe, a person familiar with the matter confirmed to CNN Wednesday. Dimon’s comments came during a Monday meeting of business leaders and

By Charles Riley, CNN Business Western sanctions are decimating Russia’s economy and sending shockwaves through global markets. Still, there is more to come from the United States and its allies. President Joe Biden flies to Europe on Wednesday on a trip that includes meetings with EU, NATO and G7 leaders. On Thursday, Biden will announce

By Xiaofei Xu and Anaëlle Jonah, CNN French energy giant TotalEnergies said on Tuesday that it would stop buying Russian oil and oil products by the end of 2022 at the latest, according to a press release from the company. “Given the worsening situation in Ukraine and the existence of alternative sources of supply for

By Matt McFarland, CNN Business Tesla opened its third assembly plant near Berlin, Germany, and made the first deliveries of its Model Y sedan there Tuesday. The world’s most valuable automaker will reportedly produce as many as 500,000 vehicles a year at the plant and plans to hire as many as 12,000 workers. The capacity

By Jennifer Korn, CNN Business BuzzFeed News announced on Tuesday that its editor in chief is stepping down and the company is offering buyouts to eligible staffers that could turn into layoffs. Editor in Chief Mark Schoofs, who replaced Ben Smith in 2020, announced his decision to the newsroom Tuesday. Samantha Henig, BuzzFeed’s vice president

By Danielle Wiener-Bronner, CNN Business A few weeks after Russian President Vladimir Putin began his assault on Ukraine, American restaurants said they would pull out of Russia. But many of them remain open. McDonald’s, Starbucks, Papa Johns and the owner of Burger King, among others, have said that they would either shut down operations in

By Frank Pallotta, CNN Business Disney employees staged a walkout Tuesday in protest of the company’s response to Florida’s controversial Parental Rights in Education law, which critics have dubbed the “Don’t Say Gay” bill. While many employees at Disney headquarters in Burbank, California, did protest, it did not appear to be a massive showing across

By Paul R. La Monica, CNN Business Alibaba has a message for investors nervous about its slowing growth and geopolitical uncertainty: We think our stock is cheap and we’re putting our money where our mouth is. Shares of Alibaba rose more than 11% Tuesday after the Chinese e-commerce and cloud giant announced it was boosting

By Eoin McSweeney and Niamh Kennedy, CNN Business The Russian journalist who won last year’s Nobel Peace Prize says he will auction off his medal to support Ukrainian refugees. Novaya Gazeta editor Dmitry Muratov was compelled to sell his medal by the sight of “wounded and sick children” requiring “urgent treatment” following Russia’s invasion of

By Charles Riley, CNN Business Jerome Powell is trying to hike interest rates without damaging the economy. Getting it wrong means recession, and he knows it. The chairman of the Federal Reserve said Monday that the central bank is prepared to repeatedly hike interest rates — and by 0.5 percentage points if necessary— in order

By Frank Pallotta, CNN Business Disney’s controversial response to Florida’s “Don’t Say Gay” bill underscores the company’s complicated history with the LGBTQ+ community — a complex relationship in which Disney has played both champion and punching bag. Earlier this month, Disney CEO Bob Chapek spoke out about — but did not condemn — Florida’s controversial

By Matt Egan, CNN Oil prices rose sharply on Monday as Europe considers whether to match America’s ban on Russian oil. US crude soared 7% to settle at $112.12 a barrel. Brent crude, the world benchmark, also rallied 7% to $115.62 a barrel. The rally will cast further doubt on how much gasoline prices will

By Anneken Tappe and Paul R. La Monica, CNN Business The Federal Reserve needs to move quickly to raise interest rates and normalize its monetary policy, according to Fed Chairman Jerome Powell. Between a strong job market and soaring inflation, “there is an obvious need to move expeditiously to return the stance of monetary policy

By Ramishah Maruf, CNN Business The Securities and Exchange Commission proposed a climate disclosure rule Monday, a move that would boost the Biden administration’s goal to combat climate change. The rule would force companies to disclose their greenhouse emissions and other climate-related information to aid investment decisions — a first for the US and the

By Jordan Valinsky, CNN Business A nonprofit reporting network launched Monday the Russian Asset Tracker, a database to track the assets of prominent Russians who have links to Vladimir Putin. It’s “the most comprehensive public database of oligarch assets to date,” according to the Organized Crime and Corruption Reporting Project, which collaborated with 27 media

By Paul R. La Monica, CNN Business US-listed Russian stocks have been in freefall following the invasion of Ukraine — but it’s not the only nation whose stocks are getting whipsawed. Shares of major Chinese firms have been up and down in 2022. There’s plenty weighing on sentiment: worries about leading Chinese companies possibly getting

By Chris Isidore, CNN Business A Boeing 737 carrying 132 people crashed early Monday in China. Although Boeing’s 737 has faced extraordinarily high-profile safety concerns over the past three years, the plane that crashed Monday was a different version of the aircraft than the embattled 737 Max that shook Boeing to its core. The cause

By Matt Egan, CNN Business Ukrainian President Volodymyr Zelensky is calling out Nestlé for the Swiss company’s continued relationship with Russia. “‘Good food. Good life.’ This is the slogan of Nestlé. Your company that refuses to leave Russia,” Zelensky said Saturday during an address to the people of Switzerland. “Even now — when there are

By Matt Egan, CNN Business The White House considered sending gas cards to families to cushion the blow from record-high gas prices before eventually deciding it is not feasible. A White House spokesperson told CNN that gas cards are not seriously under consideration, confirming a report in Axios. The Biden administration is worried that gas

By Ramishah Maruf, CNN As Russia’s attack on Ukraine continues to intensify, reporting from the war zone is becoming increasingly difficult — and dangerous. Four journalists have so far been killed reporting on the war and many more are injured or missing. Ukrainian journalist Victoria Roshchyna has been missing for more than a week, and

By Ramishah Maruf, CNN Disney said it regrets a performance at its Orlando theme park by a high school cheerleading squad after it received backlash for the routine’s depictions of Native Americans. A widely circulated video of the Port Neches-Groves High School “Indianettes” from Texas shows the team dancing and chanting “scalp ’em Indians, scalp

By Ramishah Maruf, CNN Business As inflation and Russia’s war on Ukraine force consumers to pay more at the pump, some states are temporarily suspending their gas tax — and others may follow. Lawmakers in California, which has the highest gas tax in the country at 51-cents-per-gallon, are proposing a $400 gas tax rebate, after