A jury in Pensacola, Florida federal court on Friday ordered 3M Co to pay $77.5 million to a U.S. Army veteran who said he suffered hearing damage as a result of using the company’s military-issue earplugs. The verdict for veteran James Beal is the largest yet for an individual in a sprawling litigation over the…
LIVE UPDATES: Russia Says 963 Americans Are Banned From Entering, Adds 26 New Canadians
The latest on the Russia–Ukraine crisis, May 21. Click here for updates from May 20. Russia Says 963 Americans Are Banned From Entering, Adds 26 New Canadians Russia said on Saturday it had so far banned 963 Americans from entering the country—including previously announced moves against President Joe Biden and other top officials—and would continue…
LIVE UPDATES: Russia Intensifies Push for Donbas
The latest on the Russia–Ukraine crisis, May 21. Click here for updates from May 20. Russia Intensifies Push for Donbas Russia intensified an offensive in the Donbas region of eastern Ukraine on Saturday. After ending weeks of resistance by the last Ukrainian fighters in the strategic southeastern city of Mariupol, Russia is waging what appears…
LIVE UPDATES: Turkey’s Erdogan Discusses Concerns With NATO Hopefuls Sweden and Finland
The latest on the Russia–Ukraine crisis, May 21. Click here for updates from May 20. Turkey’s Erdogan Discusses Concerns With NATO Hopefuls Sweden and Finland Turkish President Tayyip Erdogan, who has objected to Sweden and Finland joining NATO, held phone calls with the leaders of the two countries on Saturday and discussed his concerns about…
Here’s Why US Is Probing Deutsche Bank, Other Banks
Deutsche Bank AG. is among several investment banks included in a comprehensive industry-wide U.S. regulatory probe, Bloomberg reports. The investigation determines the degree of employee reliance on private communication channels like Meta Platforms Inc.’s WhatsApp to conduct business. Deutsche Bank tested new software to improve its ability to archive messages and has repeatedly warned staff not to…
Russia Shuts Off Gas Exports to Finland
May 21, 2022
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Business & Economyeconomic policieseconomyEuropegas suppliesMarketsNatural gasRussiaRussia-Ukraine WarWorld
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Russia has cut off gas exports to neighboring Finland on Saturday after the Nordic country refused to pay Russian gas supplies in roubles. The move also comes at the same time as Finland is applying to join the North Atlantic Treaty Organization (NATO). On Friday, the Russian state-owned energy company Gazprom gave notice to its Finnish equivalent…
Netflix Pays $59 Million to Settle Tax Dispute in Italy
MILAN—Netflix has agreed to pay more than 55.8 million euros ($59 million) to settle a tax dispute, Milan prosecutors said Friday. The payment covers taxes, penalties and interest from October 2015 through 2019. The streaming service also established an Italian legal entity this year, which will determine its Italian tax burden based on subscriptions to…
M&C Saatchi Agrees to $390 Million Takeover by Next Fifteen
LONDON—British advertising group M&C Saatchi has agreed a takeover by consultancy Next Fifteen Communications, which it said on Friday represented a better offer than one made by its biggest shareholder. M&C, founded in 1995 by brothers Maurice and Charles Saatchi, has been recovering from a 2019 accounting scandal but last month reported a record annual…
EU Exploring Ways to Use Russian Oligarchs’ Frozen Assets to Rebuild Ukraine
BERLIN—The European Union is looking into ways of using the frozen assets of Russian oligarchs to fund the reconstruction of Ukraine after the war, European Commission President Ursula von der Leyen said on Thursday. The commission proposed on Wednesday a 9 billion euro loan to Ukraine to keep the country going as it struggles to…
Elon Musk Visits Brazil’s Bolsonaro to Discuss Amazon Plans
RIO DE JANEIRO—Tesla and SpaceX chief executive officer Elon Musk met with Brazil’s President Jair Bolsonaro on Friday to discuss connectivity and other projects in the Amazon rainforest. The meeting, held in a luxurious resort in Sao Paulo state, was organized by Communications Minister Fábio Faria, who has said he is seeking partnerships with the…
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