In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
Exiting
Western companies largely exiting from Russian market midst sanctions
The number of Western companies looking to exit from Russia is growing with energy giants BP, Shell, HSBC and the world’s biggest aircraft leasing firm AerCap joining the list. Following Russia’s invasion of Ukraine, Western countries have slapped punitive economic… Read More ›
Exit of high carbon industries likely to heighten systemic risks in financial markets: PBOC official
On Monday, in a statement state-owned Shanghai Securities News said citing a central bank official, with high-carbon industries pulling out of China is likely to lead to a possible re-evaluation of invested financial resources; it is also likely to strengthen… Read More ›
Britain to close Brexit Department on January 31, 2020
A spokesman for the British government has disclosed, Britain’s Brexit department will be shutdown once the country leaves the European Union on January 31. Britain’s Brexit department was originally set up in July 2016 to oversee Britain’s negotiations to leave… Read More ›
Domino’s Pizza to exit from 4 international markets citing mounting losses
Sales in international markets have been down despite a turnaround plan. The decision to quit from these markets comes in the wake of the company announcing the retirement of its CEO Wild. On Thursday, Britain’s biggest pizza delivery company Domino’s… Read More ›
Britain has a backup plan for a Cliffhanger Brexit
As per Philip Rycroft, Permanent Secretary at the Department for Exiting the European Union (DExEU) Britain’s has provided for such a possibility. On Tuesday, as per the senior most official in Britain’s Brexit ministry, he is confident that plans are… Read More ›