Transportation

Vietnam's VinFast seeks US government loans for expansion

The chairman of Vietnam’s Vingroup conglomerate said on Saturday that the company’s auto unit, VinFast, would seek financing from the U.S. government to support its expansion with a planned plant in North Carolina.

Western companies severing ties with Russia over invasion of Ukraine, sanctions

The United States, Canada, European allies, and other countries announced a rash of sanctions against Russia over its invasion of Ukraine, including cutting Russian banks from the SWIFT messaging service, banning Russian aircraft, limiting the business dealings of Russian oligarchs, and other measures that will economically isolate the country.