Tag Archives: Business

China has responded to the G7’s request that Beijing cease support for Russia amid extensive Western sanctions, stating that the country decides its own position and policy based on the “merits of the matter itself,” and that the seven member nations should focus on their own issues instead of intervening …

The German DIY retailer OBI will transfer its Russian chain into trust management to be sold later, business daily Vedomosti reported on Tuesday. The decision follows several weeks of an open confrontation between the Russian management of the chain and the parent company. The majority shareholder of the chain – …

Taiwanese computer maker Acer has suspended its business in Russia, the company announced on its website on Friday. The multinational hardware and electronics corporation said the decision was made “due to recent developments,” referring to “the conflict between Russia and Ukraine.” The Taiwanese firm has joined the mass exodus of …

German chemical and consumer goods giant Henkel will continue doing business in Russia, according to the company’s Chairperson Simone Bagel-Trah. “This is sometimes viewed very critically by the public. So, it is important to me to stress we are fully applying all applicable sanctions,” she told shareholders on Monday during …

US software giant Microsoft is to suspend all new sales and services in Russia, the company announced on its website on Friday. “We are coordinating closely and working in lockstep with the governments of the United States, the European Union, and the United Kingdom, and we are stopping many aspects …

Speaking as part of a conversation with Channel 5 on Wednesday, presidential spokesman, Dmitry Peskov, said that “they have agreed that if the representatives manage to communicate productively, then it will be necessary to talk again.” However, this is most likely to be a remote interaction, he said. Peskov’s comments come …

Speaking at a dinner hosted by the US-China Business Council on Thursday, the Chinese ambassador to the United States, Qin Gang, said Beijing will cut the time needed to approve travel for American execs to a week and a half, also pledging to be more “attentive” to complaints from business …

The Port of Tyne in South Shields in England’s north-east is not an obvious place for Britain’s business leaders to meet. The area was once central to the country’s industry, but has been decimated by government policy and a callous carelessness by politicians from all sides of the political spectrum …

Asked whether he is thinking of leaving his long-held leadership post at the National Institute of Allergy and Infectious Diseases (NIAID), the 80-year-old health official said he’s “not even remotely contemplating that right now.” “There’s a lot of unfinished business right now, so I’m not even thinking about walking away,” …

It’s a sort of relay as migrants are passed from one group of smugglers to another as they make their way through the Balkans, the smuggler, who called himself Max, told RT’s Maria Finoshina. He said his team picks up people who cross from Serbia, near the Bosnian town of …