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International firms count losses from Russia exit

Western sanctions have so far cost global corporations almost $60 billion, Wall Street Journal estimates The losses of international companies from Western sanctions on Russia have exceeded $59 billion, the Wall Street Journal reported on Friday, citing data from public statements and securities filings.

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Israeli satellite shows ‘disabled’ Damascus Airport

Russia has protested the “vicious” Israeli strike, as Syria confirms the suspension of airport operations The Syrian authorities on Friday said the Damascus International Airport temporarily suspended operations due to “technical disruptions,” just hours after a massive airstrike blamed on Israel. An Israeli satellite company showed photos of severely damaged runways and claimed the airport…

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Australia offers compensation for axed submarine deal

Paris will get back just a fraction of a multi-billion-dollar contract torn up by Canberra Australia has agreed to shell out $589 million (AU$835 million) in compensation to French shipbuilder Naval Group after killing a major submarine deal last year as part of the AUKUS pact with the United States and Britain, the latest effort…

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