Russian oil giant Lukoil is divesting its international operations following US sanctions imposed due to Moscow's actions in Ukraine. The sanctions, which freeze US assets and bar American firms from doing business with Lukoil and Rosneft, have prompted the company to begin selling its global assets. This move comes as peace negotiations between Russia and Ukraine remain stalled.
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Amazon is implementing its largest layoff drive, cutting approximately 2,303 corporate jobs in Washington state, with software development engineers being the most affected group. This move, impacting over 600 engineering roles, aligns with the company's strategy to boost efficiency and is influenced by AI advancements in the tech industry.
BSF troops in Jammu's RS Pura sector seized over 5.3kg of heroin, valued at Rs 25 crore, believed to be dropped by a Pakistani drone. This seizure highlights ongoing efforts by Pakistan-based smugglers to infiltrate narcotics into India, with recent arrests in Kathua uncovering a wider syndicate.
Macquarie maintains an outperform rating on Hindustan Unilever, anticipating sales growth above 4% driven by demand recovery and GST transition reversal. CLSA holds Colgate Palmolive with a target price of Rs 2,130, despite weak sales. Jefferies rates Laurus Labs underperform, raising its target to Rs 700, citing strong ARV sales but a muted segment outlook.
Canada's Prime Minister Mark Carney is projecting calm after US President Donald Trump imposed a 10% tariff hike on Canadian imports, triggered by a provincial ad. Carney aims to reassure Canadians and signal to the US that Ottawa won't be bullied, while emphasizing trade diversification towards Asia and preparing for a new budget.
Russian oil giant Lukoil is divesting its international operations following US sanctions imposed due to Moscow's actions in Ukraine. The sanctions, which freeze US assets and bar American firms from doing business with Lukoil and Rosneft, have prompted the company to begin selling its global assets. This move comes as peace negotiations between Russia and Ukraine remain stalled.
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India's decision to omit Arshdeep Singh, their leading T20I wicket-taker, for the first T20I against Australia has sparked widespread debate. Despite overcast conditions favoring swing, the left-arm pacer was surprisingly left out, prompting criticism from former players and fans. This exclusion raises questions about India's selection strategy with the T20 World Cup approaching.
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The New York Yankees are reportedly targeting elite left-handed power hitter Kyle Tucker to bolster their lineup after a disappointing postseason. With a potential massive deal, Tucker's blend of power, speed, and discipline makes him an ideal long-term cornerstone, potentially closing the door on Cody Bellinger and ushering in a new offensive era.