Two ex-Steinhoff International Holdings NV directors who worked at the retailer’s European units appeared in a German court on Wednesday to stand trial on charges relating to the accounting scandal at the company.
US stock futures rose with European equities, rebounding from Tuesday’s heavy losses as investors awaited the Federal Reserve’s rate decision. Oil slid below $70.
Russia said it defeated an attack by a pair of drones on President Vladimir Putin’s residence in the Kremlin in Moscow Tuesday night, blaming the attempt on Ukraine.
Morgan Stanley said it’s in talks with US prosecutors and regulators to resolve a probe into its block-trading practices.
Estée Lauder Cos. cut its forecast for the third time in six months as travel recovers more slowly than expected in China, hindering growth in a market that accounts for about one-third of the luxury company’s revenue.
Oil fell for a third day, dropping below $70 a barrel in New York, as the prospect of a US recession threatened to curb fuel demand.
Electrolux AB’s top shareholder is seeking watertight guarantees from Chinese appliance giant Midea Group Co. to address concerns US regulators would block a takeover of the white-goods maker.
The Kremlin said it has the right to respond after downing two drones Tuesday night that it said were part of a “planned terrorist act” and assassination attempt on Vladimir Putin.
Russian oil data show a jump in the number of idled wells in March, adding another contradictory element to the murky picture of whether the country really is cutting crude production as promised.
Airbnb Inc. is revamping the home-rental platform in an effort to ease mounting tensions between guests and hosts ahead of what it expects to be a busy summer travel season.
