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OPEC keeps oil targets amid uncertainty on Russian sanctions

The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the global economy amid uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market.

Iran suspends morality police unit that sparked major protests
The operations of Iran’s “morality police” have effectively been suspended after months of massive anti-government protests over the death of a young woman in its custody, a top official said.

Biogen whistle-blower who received $266 million said people who report wrongdoing are ‘an anomaly’
Michael Bawduniak received $266.4 million last month as a result of a federal whistle-blower lawsuit he filed in 2012 against Biogen.

More of your paycheck is going to pay rent. Which cities are keeping pace?
Only three metros became slightly more affordable over the past three years: San Francisco, San Jose, and Boston — pricey markets where wage growth has more closely matched climbing rent.

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More business headlines

Russia rejects $60-a-barrel cap on its oil, warns of cutoffs

Australia, Britain, Canada, Japan, the United States and the 27-nation European Union agreed Friday to cap what they would pay for Russian oil at $60-per-barrel. The limit is set to take effect Monday, along with an EU embargo on Russian oil shipped by sea.

Molten lava on Hawaii’s Big Island could block main highway

Many people on the Big Island of Hawaii are bracing for major upheaval if lava from Mauna Loa volcano slides across a key highway and blocks the quickest route connecting two sides of the island.

Earthshot Prize unveils five winners at Boston ceremony

The Earthshot Prize aims to recognize and scale startups, entrepreneurs, or businesses with sustainable solutions in hopes of stabilizing the world’s climate by 2030.

Larry Edelman | The 2-minute drill

‘You’re hired:’ US employers continue to expand payrolls and wages at a robust rate

Friday’s jobs report for November is good news for workers, but rising wages may complicate the Federal Reserve’s effort to bring down inflation without causing a recession.

On their final day in Boston, Prince William and Kate had a packed agenda

The Prince and Princess of Wales concluded their royal trip to Boston Friday with a packed itinerary that included meeting with President Biden in the afternoon and hosting the glitzy Earthshot Prize awards ceremony at night.

Rail workers, advocates, protest at Biden visit to JFK Museum

Protestors chanted “paid leave now” outside the museum, where President Joe Biden was meeting with Prince William as part of William’s three-day visit to Boston.

GM to end OnStar service in older cars because of wireless tech

GM is notifying car and truck owners that older versions of OnStar depend on an early wireless phone technology called 2G, which will be completely phased out by US wireless carriers by year’s end.

Guests at the Earthshot Awards were encouraged to dress sustainably. Mayor Wu understood the assignment.

Guests at the Earthshot Prize awards are encouraged to “dress with sustainability front of mind,” according to an invitation from for the event obtained by the Globe. Attendees should “avoid buying new clothing" and "consider sourcing vintage, recycled, consignment, or sustainably produced clothes.”