Reuters

By Davide Barbuscia and Ross Kerber

NEW YORK/BOSTON (Reuters) - A pension fund for New York City employees urged BlackRock's shareholders to vote against the election of Saudi Aramco's chief executive as director, citing potential conflicts of interest around the asset manager's decarbonizing strategy as well as human rights concerns.

The world's top asset manager BlackRock named Amin Nasser, the chief of the world's largest oil company... (continue reading...)

By Daphne Psaledakis

WASHINGTON (Reuters) - The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.

The U.S. Treasury Department imposed sanctions on nearly 200 targets, while the State Department designated more than 80.

The U.S. imposed sanctions on 20 companies based in China... (continue reading...)

WASHINGTON (Reuters) - The Federal Communications Commission is moving to prevent Huawei, ZTE and other foreign companies deemed to pose U.S. national security concerns from certifying wireless equipment, officials told Reuters on Wednesday.

The FCC plans to vote this month on a bipartisan proposal to ensure that telecommunications certification bodies and test labs that certify wireless devices for the U.S. market are not influenced by companies... (continue reading...)

By Timothy Gardner and Jonathan Landay

WASHINGTON (Reuters) - A Democratic U.S. senator on Wednesday urged President Joe Biden to include strict nonproliferation safeguards in any nuclear power deal with Saudi Arabia that might come as part of a potential normalization of relations agreement brokered by Washington between the kingdom and Israel.

The Biden administration has been talking with Saudi Arabia and Israel on a potential peace... (continue reading...)

By Savyata Mishra and Juveria Tabassum

(Reuters) - Global fast food giants may have to dole out steeper promotions to lure inflation-hit customers who are increasingly opting to eat at home, following weak sales from the likes of McDonald's and Starbucks this week.

Disposable income in the United States is declining, particularly in the lower-income cohort, while the slow economic recovery in China has increased industry-wide pressures... (continue reading...)