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 ›
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 ›
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 ›
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 ›
In a statement the British government said, it has asked its nuclear regulator to start the process for approving Rolls-Royce’s small- scale modular nuclear reactor, which policymakers hope will slash Britain’s dependence on fossil fuels and lower its carbon emissions…. Read More ›
On Monday, the central bank of Portugal said, it has instructed lenders to freeze the accounts of entities and people who have been targeted by sanctions. Western countries have moved to isolate Russia and have targeted it’s economy and financial… Read More ›
On Monday, the Russian rouble hit a new low in weak offshore activity, with local markets suspended for trading until at least Wednesday. According to Refinitiv data, the rouble fell to 133.5 per dollar after closing at 121.037 on Friday…. Read More ›
According to US Secretary of State Antony Blinken, the US and its European allies are considering blocking importing of Russian oil, and the White House is working with critical Congressional committees on imposing a ban of their own. European countries are significantly… Read More ›
With VISA and Mastercard deciding to withdraw from Russia following its invasion of Ukraine, the Russia’s central bank said local lenders could look to using China’s UnionPay system. It also went on to add, Russian-issued Mastercard and Visa cards would… Read More ›
On Monday , New Zealand’s government stated, it will introduce legislation to allow it slap a first-of-its-kind sanctions against Russia following its invasion of Ukraine. New Zealand’s Prime Minister Jacinda Ardern said, the sanctions will give the country the ability… Read More ›
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