In March, Boeing Co. received 53 orders for the supply of aircraft against 37 orders in February. American concern Boeing Co., one of the world's largest manufacturers of aviation, space and military equipment, in March received 53 orders for the supply of aircraft against 37 orders in February; the actual supplies jumped almost twice - up to 41 aircraft with 21 liners in February, follows from a...

The world's largest independent oil trader Vitol Group intends to completely stop selling oil and petroleum products from Russia, the Bloomberg agency reports with reference to the company's representative. According to the statement, the volume of Russian oil processed by Vitol, "will be significantly reduced in the second quarter as the current contractual obligations are falling down." The...

Due to withdrawal from Russian suppliers, the largest aircraft manufacturers began to buy titanium from Japan, writes Bloomberg. Japan's Toho Titanium Co. has begun receiving orders from U.S. aviation customers because Boeing has stopped buying from Russia. The Japanese company is hastily boosting production of the metal, which is used to make airplanes. Boeing Co. and Airbus SE are facing...

Oil company director in the U.S. blamed Biden for rising gasoline pricesHead of Canary: gasoline prices have been rising throughout the entire U.S. administration of Biden. The main reason for the rise in gasoline prices in the U.S. was the ineffective policy of President Joe Biden, rather than the Ukrainian crisis or the actions of oil producers, said the head of the American company Canary Dan...

According to Bloomberg, which cites persons familiar with the issue, the United States and members of the International Energy Agency (IEA) plan to transfer 240 million barrels of oil from strategic reserves to the market. "In addition to the 180 million barrels of oil already announced by (US president) Joe Biden from strategic reserves, US allies at the International Energy Agency will release...

Losses of JP Morgan Chase, one of the world's largest investment banks, due to Russia's military operation in Ukraine could amount to about $1 billion, the bank's head Jamie Dimon said. "We're not concerned about direct engagement with Russia, although we could still lose about $1 billion," Mr. Dimon said in a letter to investors cited by Reuters. The bank predicts the confllict in Ukraine and...

Chinese online clothing retailer Shein is preparing for an investment round in which the company could be valued at $100 billion, Bloomberg reported citing knowledgeable sources. According to them, Shein is already in talks with potential investors and expects to attract about $1 billion. The agency's interlocutors noted that discussions will continue, so the planned amount of funds raised and...

Bloomberg reports that total profit of US corporations climbed by 35% in 2021, according to data from the US Department of Commerce. Companies' profitability (profit to sales ratio) has exceeded 13 percent for four consecutive quarters, the highest level since 1950. These findings are mostly linked to the economy's recovery following the pandemic and increased consumer demand. Corporate pay...

Swiss company Zurich Insurance dropped the "Z" logo due to possible "misinterpretation". According to the Telegraph newspaper, Zurich Insurance has declined to use its logo featuring a single letter "Z" in social media to avoid "misinterpretation" of the symbol. "In circumstances where the letter 'Z' is shown individually and could be misunderstood, we will temporarily discontinue using it in...