Money

By Nadeen Ebrahim, CNN The Ukraine war is wreaking havoc on the world economy, but in the Middle East its impact hasn’t been so grim for everyone. Some of the world’s biggest hydrocarbon producers, the Gulf nations are seeing billions of dollars added to their coffers aided by a Ukraine war-driven rally in oil prices.

By Anna Cooban, CNN Business European officials have signaled that they could sanction Russia’s energy exports after images emerged of mass killings of civilians in Bucha, near the Ukrainian capital. Josep Borrell, the European Union’s top diplomat, said in a statement Monday that the bloc was working as a “matter of urgency” on drawing up

By Chris Isidore, CNN Business Elon Musk recently purchased 9.2% of Twitter stock, according to a filing Monday, making him the largest shareholder in the company. News of the purchase sent shares of Twitter soaring 22% in early trading. Musk did not disclose what he paid for the shares, but his stake was worth $2.9

By Danielle Wiener-Bronner, CNN Business Coke’s recent foray into bold new flavors has its latest entry, and it’s a doozy. Last month, Coca-Cola announced a new limited-edition beverage: Coca-Cola Starlight, a red version of the iconic soda with a flavor “inspired by space.” Now the company is one-upping itself with another offbeat offering: Coca-Cola Zero

By Danielle Wiener-Bronner and Poppy Harlow, CNN Howard Schultz’s first act on his return as Starbucks CEO is to pause the company’s share buyback program. “Starting immediately, we are suspending our share repurchasing program,” Schultz wrote in an open letter to Starbucks employees, customers and others which was published early Monday. “This decision will allow

By Brian Stelter, CNN Business In a forthcoming book, a pair of New York Times reporters and CNN political analysts report that President Joe Biden “assessed” Fox News “as one of the most destructive forces in the United States.” The reporters, Jonathan Martin and Alexander Burns, say that Biden was even more critical of Fox

By Ramishah Maruf, CNN Two Sky News journalists said they are lucky to be alive after their vehicle was ambushed outside Kyiv. Dominique van Heerden and Stuart Ramsay were part of a Sky News team that was traveling back to Kiev when their car was ambushed, the reporters told CNN’s chief media corespondent Brian Stelter

By Ramishah Maruf, CNN Elon Musk’s ongoing legal battle with the Securities and Exchange Commission has a new player — rapper Eminem. Musk’s lawyer, Alex Spiro, quoted Eminem’s 2002 song “Without Me” in the latest effort to overturn a 2018 agreement which requires the billionaire to gain pre-approval for certain tweets. “The [SEC] won’t let