By Gilles Guillaume and Dominique Vidalon (Reuters) -Michelin plans to hand over its Russian activities to a new entity under local management by the end of the year and rival Nokian Tyres said it would quit the country, the first…

ZURICH (Reuters) - UBS' head of strategy Christian Zeinler plans to leave the bank to pursue entrepreneurship outside of banking, Chief Executive Ralph Hamers told employees on Tuesday in a memo seen by Reuters. UBS, the world's largest wealth manager…

By Kantaro Komiya and Elaine Lies TOKYO (Reuters) -Japan baked under scorching temperatures for a fourth successive day on Tuesday, as the capital's heat broke nearly 150-year-old records for June and authorities warned power supply remained tight enough to raise…

By Richa Naidu LONDON (Reuters) -Diageo, the world's largest spirits maker, will wind down its business operations in Russia over the next six months, it said on Tuesday, becoming the latest Western brand to withdraw. "Our focus will remain on…