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Russia's VTB bank says US sanctions have complicated cross-border transactions

U.S. sanctions imposed on Moscow this month have complicated the foreign trade operations of Russian banks, but they are gradually adapting to the new realities, the finance director of VTB , Russia's second-largest lender, said on Friday.

Oil prices to stay steady as China demand woes offset Mideast risks - Reuters poll

Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects of higher supply from key producers counter risks from geopolitical tensions, a Reuters poll indicated on Friday.

Warren Buffett donates record $5.3 bln Berkshire shares

Warren Buffett has donated another $5.3 billion of Berkshire Hathaway stock to five charities, his biggest annual donation since he began making them in 2006.

Financial industry grappling with AI's gifts and perils, executives say

The spread of artificial intelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers also face higher stakes than other consumer-facing businesses because they manage sensitive information.

Ackman's Pershing Square USA to offer shares at $50 in NY listing

Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares at $50 each in its initial public offering in New York.

Fisker to recall over 12,000 Ocean vehicles

Electric-vehicle firm Fisker is recalling more than 12,000 Ocean vehicles to fix an issue where exterior door handles can stick and fail to open, the company said on Friday, marking its third recall this month.

Trump Media shares climb after Biden's shaky debate showing against Trump

Shares of Trump Media & Technology Group rose as much as nearly 13% in premarket trading on Friday after President Joe Biden's faltering performance against Republican rival Donald Trump at the first 2024 U.S. presidential debate.

Italy claims 1 billion euros in unpaid taxes from Google

Italy is asking Google to pay 1 billion euros ($1.07 billion) in unpaid taxes and penalties, three sources with direct knowledge of the matter said on Friday, seven years after the U.S. company settled a landmark tax dispute with Rome authorities.

Exclusive: Firm making car that Putin gifted to Kim uses South Korean parts, data shows

Customs records show that the company that builds it uses millions of dollars in imported parts, many arriving in Russia from what Kim has described as his country's "primary foe" - South Korea.

EU regulators to decide on $14 bln HP-Juniper deal by Aug. 1

EU antitrust regulators will decide by Aug. 1 whether to clear Hewlett Packard Enterprise's $14 billion acquisition of networking gear maker Juniper Networks , a filing on the European Commission website showed on Friday.

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