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(Bloomberg) -- Russia’s Finance Ministry said it is ready to settle claims on its 2022 Eurobonds that were judged to have breached their terms after missing a $1.9 million interest payment, in an attempt to avert an insurance payout potentially worth billions of dollars. Most Read from BloombergElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get OutOne-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey FindsJamie Dimon Says JPMorgan Is Bracing Itself for Economic...

(Bloomberg) -- The Pentagon said new longer-range rockets the US is providing to Ukraine will require three weeks of training to operate, as Moscow warned the weapons could be used for attacks inside Russian territory.Most Read from BloombergElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get OutOne-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey FindsJamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’Fed Starts Experiment of Letting $8.9 Trill...

Saudi Arabia has indicated that it is prepared to raise oil production should Russia’s output fall substantially under the weight of western sanctions, according to five people familiar with the discussions. The kingdom has resisted calls from the White House to accelerate production despite oil prices trading near $120 a barrel, the highest level in a decade, arguing that it fears the energy crunch could get worse this year and that it needs to reserve spare production capacity. The EU has also agreed a deal with the UK to bar the insurance of ships carrying Russian oil, a move analysts said was likely to severely curtail Moscow’s ability to redirect oil to other regions...

Meta Platforms veteran Javier Olivan is taking over as the company's chief operating officer after playing a crucial but largely behind-the-scenes role stoking the social media company's explosive growth for 15 years. The Spaniard will replace Sheryl Sandberg, who announced on Wednesday she was stepping down from Meta. The move comes as Meta struggles with slowing growth and rising costs...

Sheryl Sandberg was the adult in the room for Mark Zuckerberg, so what happens after she leaves him to play with 'the metaverse'?...

(Bloomberg) -- South Korea President Yoon Suk Yeol’s conservative party took a decisive victory in elections for leaders of major cities and provinces, in a show of support for his policies coming just three weeks after he took office.Most Read from BloombergElon Musk’s Ultimatum to Tesla Execs: Return to the Office or Get OutOne-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey FindsJamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’Fed Starts Experiment of L...

Fourteen years after joining Facebook, Sheryl Sandberg is leaning back and stepping down. Known for adding cosy anecdotes to investor calls about the small businesses that use Meta’s digital advertising, Sandberg was instrumental in helping the company spin user attention into advertising revenue. When she joined in 2008, Facebook was a four-year-old start-up with annual revenue of $272mn, a net loss of $56mn and a few hundred employees...