Adidas said that shutting operations in Russia and Covid-19 difficulties in Vietnam would hurt sales, but an improved China forecast helped the German sportswear company’s shares rise 10% on Wednesday. The firm has approximately 500 storefronts in Russia, accounting for… Read More ›
Day: March 9, 2022
Brain Shrinkage, And Memory Loss Can Be Caused By Covid-19, Claims Study
According to Oxford University research, Covid-19 can cause the brain to shrink, diminish grey matter in areas that govern emotion and memory, and impair areas that control the sense of smell. The effects were found in persons who had not… Read More ›
Midst Russian invasion of Ukraine, China eyes Indo Pacific: Australia’s intelligence chief
On Wednesday, Australia’s intelligence chief said, a “troubling new strategic convergence” is taking place between China and Russia. The risk of a “major power conflict” has grown following Russia’s invasion of Ukraine. China’s President Xi Jinping appears to want to… Read More ›
Russia proposes nationalizing all foreign owned factories that have stopped operations
A senior member of Russia’ ruling party has called for nationalising all foreign-owned factories that have closed operations in the country over what Russian President Vladimir Putin termed as a special military operation in Ukraine to cleanse it of Neo… Read More ›
Biden bans oil and other energy imports from Russia
In a statement U.S. President Joe Biden said, the United States would ban the import of Russian crude oil as well as other energy imports in retaliation to its invasion of Ukraine. “We’re banning all imports of Russian oil and… Read More ›
Nickel trading stopped in London Metal Exchange after prices touch $100,000+
The London Metal Exchange (LME) has halted trade in nickel after prices touched more than $100,000 per tonne in a surge sources blamed on short covering by one of the world’s top producers. The shock comes at a time when… Read More ›