Western Companies Are Finding It Hard to Leave Russia Amid Increasing Kremlin-Imposed Exit Costs

Despite initial pledges to exit Russia following the 2022 invasion of Ukraine, many Western companies, including Avon Products, Air Liquide, and Reckitt, remain in the country.

US, Europe Move Closer to Vaccinating Poultry and Dairy Workers Against Bird Flu

The US and Europe are considering acquiring or producing H5N1 bird flu vaccines to protect poultry and dairy workers...

Alibaba Introduces David Beckham as AliExpress's New Global E-Commerce Brand Ambassador

David Beckham is the global brand ambassador for AliExpress as the e-commerce platform tries to expand internationally...

French Finance Minister, Other G7 Finance Chiefs Warn of Oversaturation of Chinese Goods in Global Market

French Finance Minister Bruno Le Maire told Bloomberg that the G7 has an issue with China’s economic model, where the country produces more and more cheaper industrial devices, which he claimed could ..

Latest News

New EU Biometric Border Checks Prompt Eurostar to Issue Warning About Passenger Caps
According to the station owner HS1, Eurostar may have to limit St. Pancras departures due to biometric border procedures later this year.
EU Seals Massive $54 Billion Aid Deal for Ukraine After Hungary Gave In
The leaders of the 27 European Union (EU) countries agreed on Thursday to give Ukraine a new $54 billion aid package after Hungary gave in not to veto the move.
European Stock Markets See Uneven Performance After 2-Year Peak
The European index rose 3.1% last week to its highest level since January 2022.
Oil Climbs 1% After Houthi Rebels Attack on British Oil Tanker; Trafigura Assesses Red Sea Risks
Trafigura is evaluating the security risks of future Red Sea voyages following an attack on the company's Marlin Luanda oil tanker by Yemen-based Houthi rebels.
British Oil Tanker Hit by Houthi Missile After Group Fires at US Warship—China Urges Rebels to Stop Red Sea Attacks
A British oil tanker was reported to be engulfed in flames in the Gulf of Aden after Houthi rebels hit it with a missile on Friday after transiting the Red Sea.
NATO Signs $1.2 Billion Contract for 155mm Artillery Ammunition to Boost Ukraine's Depleted Supplies
NATO has signed a $1.2 billion contract for thousands of artillery shells, some of which will be delivered to Ukraine after it complained of ammunition shortages amid war with Russia.
Here's Why EU's Confiscation of Russian Central Bank Assets Is Highly Unlikely
The European Union (EU) is unlikely to seize the frozen assets of the Russian central bank in Europe, according to senior EU officials.
Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
Russia Orders Apple to Pay $13.6 Million Fine for Alleged App Market Abuse
US tech giant Apple has paid a fine of $13.65 million imposed by Russia's FAS antitrust agency for the company's alleged abuse of its dominant market position concerning in-app payments.
West in Danger of Losing $288 Billion if It Confiscates Frozen Russian Assets to Help Rebuild Ukraine: Report
Russia's state-owned news agency RIA said the West could lose $288 billion if they decide to confiscate frozen Russian assets to help rebuild Ukraine.
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