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A French subsidiary of the U.S.-based Astronics group, located in Châteauroux, France, continues to supply sophisticated avionics for Russian aircraft used by the country's top military and political leaders, despite international sanctions. This was reported by Le Parisien on April 21 following an extensive investigation.
German automotive giant Volkswagen Group has completed the sale of its Russian business division for 125 million euros ($139 million), as reported in the company’s financial statement for the first half of 2023.
Key Takeaways - US Federal Reserve raises interest rates by three-quarters of a percentage point, roiling markets. Gazprom cuts gas flows to Europe by 40 percent, driving...