EU member resumes sanctioned goods transit

The move follows EU clarifications on rail shipments to the Russian exclave of Kaliningrad Lithuanian Railways resumed the transit of sanctioned goods from Russia to its exclave of Kaliningrad, starting on July 22, Mantas Dubauskas, spokesman for LTG Cargo, the freight subsidiary of Lithuanian Railways, said on LRT TV on Friday.

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Elon Musk warns of major layoffs at Tesla

The head of the electric carmaker says he has a “super bad feeling” about the economy Tesla owner and CEO Elon Musk plans to cut 10% of the company’s workforce due to a “super bad feeling” he has about the economy, Reuters reported on Friday, citing an email form Musk to executives titled “pause all hiring…

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Oil prices jump after Russia announces production cuts

Crude is on course for a 10% weekly gain as Moscow plans an output cut of 500,000 barrels per day in March Oil prices jumped more than 2% on Friday, heading for weekly gains, as Moscow announced plans to reduce crude production next month in response to Western price caps.

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