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Moody's said Russia will likely default on more foreign debt

Moody's Says Russia Defaulted On Debt

The historic default follows a series of unprecedented Western sanctions that have increasingly isolated Russia from the global financial system following its invasion of Ukraine.
Airbnb app is seen on a smartphone in this illustration taken, February 27, 2022.

Airbnb Makes Ban On Parties Permanent

Airbnb Inc said on Tuesday it will make permanent its ban on parties in homes listed on its platform after seeing a sharp drop in reports of unauthorized gatherings since the prohibition was put in place in August 2020.
The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015. Picture taken August 21.

OPEC Boosts Oil Income In 2021, Well Completions Drop

OPEC's oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members' active rigs posted a modest rebound and new completed wells declined, data from the group showed.
The logo of French tyre maker Michelin is seen on tyre of a Formula E racing car on display at the innovative center of German postal and logistics group Deutsche Post DHL in Troisdorf near Bonn, western Germany March 9, 2016.

Michelin, Nokian First Tyre Companies To Quit Russia

Michelin plans to hand over its Russian activities to a new entity under local management by the end of the year and rival Nokian Tyres said it would quit the country, the first Western tyre makers to give up doing business in Russia.

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