MANILA: The Asian Development Bank trimmed its 2022 growth forecast for developing Asia Wednesday as “increasing” price pressures after Russia’s invasion of Ukraine threaten a recovery from Omicron surges. 

DUBAI: The Dubai Electricity and Water Authority said Wednesday it had raised 22.3 billion dirhams ($6.1 billion) for the Gulf’s second-largest IPO since 2019. 

MOSCOW: Russia said Wednesday it had been forced to make foreign debt payments on dollar-denominated bonds in rubles, in a new blow to its efforts to avoid a sovereign default amid unprecedented Western sanctions over the Ukraine conflict. 

BERLIN: Germany said Monday it was temporarily taking control of Russian gas giant Gazprom’s German subsidiary to secure energy supply and critical infrastructure amid growing distrust between the trade partners in the wake of the Ukraine war. 

BISHKEK, Kyrgyzstan: Kyrgyzstan reached an agreement with Canada’s Centerra Gold to take full control over the long-contested Kumtor gold mine, the ex-Soviet country’s president and the company said Monday. 

BILICENII VECHI, Moldova: A warehouse in Moldova is piled high with crates of red apples but for an industry reeling from war in neighboring Ukraine, the sight is far from appetizing. 

KUWAIT: Boursa Kuwait published its Sustainability Report on its website, detailing the company’s strategy, partnerships and initiatives in the field of Environmental, Social and Governance (ESG) reporting and implementation for the year 2021. 

MUMBAI: India’s largest private bank will merge with its largest mortgage lender to form a $237 billion financial giant, both companies said Monday, as low interest rates send demand for home loans soaring.

ITCHINGFIELD, United Kingdom: Hungry cows at Westons Farm jostle for position at the feeding trough, blissfully unaware that Ukraine’s war has sowed more turmoil for UK farms ploughing through COVID and Brexit fallout.