Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
Western nations plan more sanctions on Russia – Canada’s foreign minister
BUCHAREST – Western states will announce more sanctions against Russia following its invasion of Ukraine, Canadian Foreign Minister Melanie Joly said on Monday during a visit to Romania. “We have imposed with…
UBS has limited Russia exposure, but sees risks of unexpected increases
ZURICH – UBS’s direct exposure to Russia made up $634 million of the Swiss bank’s total emerging market exposure of $20.9 billion at the end of 2021, the bank said in its…
Britain’s Next closes Russia operations
LONDON – British clothing retailer Next is to close its Russian operations following Russia’s invasion of Ukraine, joining a growing list of companies shunning the country. Next has told staff at its…
Factbox-Harsh words, tough action: how companies have rebuffed Russia
– Corporate actions to censure Russia after its invasion of Ukraine vary widely and include some measures required by law and some voluntary, with comments ranging from harsh condemnations to more measured…
Accounting firms KPMG and PwC to exit Russia
– Two of the Big Four accounting firms KPMG and PricewaterhouseCoopers LLP (PwC) on Sunday said they will no longer have a member firm in Russia due to the country’s invasion of…
Some Goldman Sachs employees moving out of Russia to Dubai -Bloomberg News
– Goldman Sachs Group Inc is shifting some of its Moscow-based employees to Dubai as its staff seeks to work from a different location following Russia’s invasion of Ukraine, Bloomberg News reported…
U.S. working to secure release of basketball star detained by Russia
By Gabriella Borter WASHINGTON – Diplomats were working to ensure the release of seven-time WNBA All-Star player Brittney Griner after Russia said it had detained the player last month for possession of…
TikTok suspends livestreaming, new uploads in Russia
– TikTok, the Chinese-owned video app, said on Sunday it would suspend live-streaming and the uploading of videos to its platform in Russia as it reviews the implications of a new media…
French food group Danone suspends investments in Russia
PARIS – French food group Danone said in a statement on its website that it was suspending investments in Russia, and that one of its two factories had closed in Ukraine, following…
Western Companies Are Happy To Cut Ties With Russia, But Stay Silent On Uyghur Genocide
Western Companies Are Happy To Cut Ties With Russia, But Stay Silent On Uyghur Genocide Ailan Evans on March 5, 2022 Western businesses have exited Russia in droves since the country’s invasion…
Moody’s cuts Russia rating to Ca on rise in default risk
LONDON -Moody’s cut Russia’s credit rating to Ca on Sunday, the second-lowest rung of its ratings ladder, citing central bank capital controls that are likely to restrict payments on the country’s foreign…
Visa, Mastercard suspend operations in Russia over Ukraine invasion
By John McCrank -U.S. payments firms Visa Inc and Mastercard Inc on Saturday said they were suspending operations in Russia over the invasion of Ukraine, and that they would work with clients…
S.Korea will implement export controls against Belarus over support to Russia
By Josh Smith SEOUL – South Korea will implement export controls against Belarus for “effectively supporting the Russian invasion of Ukraine”, Seoul’s foreign ministry said on Sunday. The ministry did not detail…
Russia, without evidence, says Ukraine making nuclear “dirty bomb”
– Russian media cited an unnamed source on Sunday as saying that Ukraine was close to building a plutonium-based “dirty bomb” nuclear weapon, although the source cited no evidence. Russian President Vladimir…
Canada tells citizens to leave Russia due to unpredictable security situation
OTTAWA – Canada told its citizens on Saturday to leave Russia “while commercial means are still available,” saying security conditions were unpredictable and could deteriorate without notice. “Flight availability is becoming extremely…
Analysis-As Russia avoids energy sanctions, oil majors flee but TotalEnergies stays
By Shadia Nasralla, Benjamin Mallet and Michel Rose LONDON – France’s TotalEnergies cuts a lonely figure hanging onto its Russian investments during a mass exodus of western oil majors from the country…
Russia may allow outside firms to maintain airliners amid sanctions, Tass says
OTTAWA – Russia could allow passenger airliners to be maintained by third-party firms in a bid to help its domestic carriers hit by sanctions over the invasion of Ukraine, Tass news agency…
U.S. WNBA All-Star Griner detained in Russia, customs service cites hash possession
– U.S. basketball officials said on Saturday they were closely monitoring the situation surrounding seven-time WNBA All-Star player Brittney Griner after Russia said it had detained a U.S. player last month for…
Italy’s Prada says it is suspending retail operations in Russia
MILAN – The Milan-based luxury group Prada has suspended its retail operations in Russia, it said in a statement on Saturday, following a slew of other leading brands who have already announced…
Puma suspends operation of all its stores in Russia
FRANKFURT – German sportswear maker Puma has decided to suspend operations at all its stores in Russia, it said on Saturday. Puma, which has 100 stores in Russia, had already stopped deliveries…
Russia protests to U.S. envoy over senator’s call to ‘take out’ Putin
LONDON – Russia’s Foreign Ministry protested to the U.S. ambassador in Moscow on Saturday over remarks by U.S. Senator Lindsey Graham advocating that President Vladimir Putin be assassinated. It said in a…
Vanguard will not restrict its active managers’ decisions on Russia
By Ross Kerber -Top mutual fund manager Vanguard Group said on Friday it will adhere to international sanctions being imposed on Russia in the wake of Moscow’s invasion of Ukraine, but will…
PayPal shuts down its services in Russia citing Ukraine aggression
By Paresh Dave – Payments company PayPal Holdings Inc shut down its services early on Saturday in Russia, citing “the current circumstances,” joining many financial and tech companies in suspending operations there…
LVMH to ‘temporarily’ close its 124 shops in Russia
PARIS – French luxury group LVMH will “temporarily” close its 124 stores in Russia from Sunday, a group spokesperson told Reuters on Friday. The group, which has its headquarters in Paris, took…
Retailer Canadian Tire pauses Helly Hansen operations in Russia
– Retailer Canadian Tire Corp Ltd said on Friday it will temporarily pause the Helly Hansen brand’s operations in Russia, joining a horde of Western companies that have suspended their businesses in…
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