M 2dy News Today

A Malaysian court on Wednesday upheld former premier Najib Razak's conviction on corruption charges over a multi-billion dollar scandal at state fund 1Malaysia Development Bhd (1MDB), dealing a blow to his hopes of a political comeback.

Finnish insurance group Sampo has bought a 30% stake in British property and casualty insurance company Hastings from South Africa's Rand Merchant Investment (RMI), Sampo said on Wednesday.

The West must send a strong message to Russia to deter it from invading Ukraine, including cutting Russia off from the SWIFT payment system, sanctioning the Nord Stream 2 pipeline and strengthening NATO's eastern flank, Latvia said on Tuesday.

Company executives are beginning to consider different permanent work models for their employees as the coronavirus pandemic, and the spread of the Omicron variant, destabilize their latest return-to-office plans.

The United Arab Emirates ordered 80 Rafale fighter jets and 12 military helicopters on Friday, deepening economic and political ties with France through an arms contract worth 17 billion euros ($19.20 billion).

Czech investment group PPF is looking at possibly selling or taking in partners in units of its Home Credit consumer lending business in some countries where it sees limited potential, PPF's Chief Financial Officer Katerina Jiraskova said on Thursday.

Abu Dhabi National Oil Company (ADNOC) announced on Wednesday a $127 billion capital spending plan for 2022-2026, as it reported an increase in the United Arab Emirates' (UAE) oil and natural gas reserves.

Ingka Group, the owner of most IKEA stores world-wide, reported on Tuesday a jump in annual profit on the back of record demand for home furnishing as people stay at home more due to the pandemic.

German power grid operator TenneT and environmental group Deutsche Umwelthilfe (DUH) on Tuesday united to call for more clarity over new gas-to-power plant capacity, which TenneT said is needed to stabilise supply once coal-fired plants close.

Talks on new gas transit deal with Ukraine depend on demand for the Russian gas in Europe and availability of buyers, Dmitry Peskov, Kremlin spokesman, told reporters on Tuesday.