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Quicktake Charge delivers the morning’s global headlines impacting your day
Mortgage Rates in U.S. Extend Climb to 5.11%, Highest Since 2010
BOE’s Mann Considering Case for Bigger U.K. Rate Rise Next Month
Musk Is Exploring Launching a Tender Offer for Twitter
Amazon Plans to Invest $1 Billion in Logistics and Robotics Companies
Amazon Targets Rival Shopify with New ‘Buy With Prime’ Service
Rishi Sunak Says He Is ‘Sincerely Sorry’ for Breach of Lockdown Rules
Biden Set to Unveil $1.3 Billion More in Arms and Economic Aid for Ukraine
Bill Ackman Admits He Was Wrong on Netflix Bet
Boston’s Priciest Condos Disappearing Fast in Luxury Sales Boom
Portugal Lifts Face Mask Requirement, Health Minister Says
Winfrey Picks Viola Davis Memoir for Her Book Club
Billionaire’s SPAC Whistles Past Netflix Graveyard
Herschel Walker and the History of Celebrity Candidates
Want Green Energy? Cut Red Tape
How WALL-E Predicted the Future
Alzheimer’s Trials Exclude Black Patients at ‘Astonishing’ Rate
Beijing Crackdown Derails Alibaba’s Bid for Amazon-Size Profit
Half of U.S. Student Loan Borrowers Say They Couldn’t Pay Today
Lithuania Offers Four-Day Week for Parents of Young Children
Banking World’s ‘Old Boys’ Network’ Put on Notice in Europe
Billionaire Carl Icahn Calls Out Wall Street ESG ‘Hypocrisy’ in McDonald’s Fight
Bank of America to Make Its Credit Cards From Recycled Plastic
How Cities Became Accidental Wildlife Havens
California Slow to Sell Housing Bonds as Homelessness Worsens
Berkeley Housing Battle Revives Debate Over Environmental Law
Russia’s $124 Billion Crypto Market Is Pinched by Ukraine Sanctions
0x Protocol’s Token Jumps Over 50% After Coinbase Partnership
Fidelity Bulks Up Its Thematic Lineup With Crypto and Metaverse ETFs
Photographer: Will Wintercross/Bloomberg
Andy Hoffman
Imperial Brands Plc said it transferred its business in Russia to local investors and will write off the value of the tobacco assets in the country.
The maker of Gauloises cigarettes said the operations include a sales and marketing business and a factory in Volgograd, in a statement Wednesday. Imperial has about 1,000 employees in Russia and will take a 225 million pound ($294 million) write-off following the transfer.
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