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Business

Spectre of oil giant Rosneft looms over Russian media

Moscow: Russian oil giant Rosneft, run by a close ally of president Vladimir Putin, is wielding growing influence over Russia’s remaining independent media outlets, already squeezed by tightening press freedoms and pressure from the Kremlin.

Corporate News

Carlyle, Singapore GIC sued over AmEx deal collapse

SINGAPORE: Carlyle Group Inc and Singapore sovereign-wealth fund GIC Pte are using fake excuses to renege on buying a 20% stake in American Express Global Business Travel, according to a lawsuit unsealed in the US.