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Putin ‘temporarily’ nationalizes assets of foreign companies

Russia has temporarily nationalized the assets of two major food and beer manufacturers. All foreign shares of Danone Russia, which is controlled by its French parent company, and Baltika Breweries, controlled by the Danish Carlsberg Group, have been handed over to the Russian Federal Property Management Agency following a presidential …

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EU companies seek exemption from anti-Russia sanctions

A number of Estonian companies have applied for a temporarily exemption from the EU’s anti-Russia sanctions, state broadcaster ERR reported on Wednesday, citing the Estonian Foreign Ministry. According to the report, the ministry made public a list of 28 companies that wish to continue importing oil products from Russia, despite …

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US power companies brace for supply crisis – Reuters

American power providers are facing supply shortages that stem from increased pressure on the grid due to record-high temperatures, as people boost the use of air conditioning, Reuters reported on Wednesday. According to Refinitiv data, the weather in the US has already been some 21% warmer than the 30-year average. …

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How game companies twist Pride Month values for profit

Every year when the month of June comes around, there is a change in the air – everything is rainbow-coloured and paraded, and every corporation puts its best inclusivity hat on. The whole world, and especially the US, is no stranger to commercial exploitation of holidays. In that regard, the …

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Poland threatens to punish companies that stay in Russia

Poland’s government is proposing to introduce additional taxes on any of the country’s companies that continue to operate in Russia, government spokesman Piotr Muller said at press conference in Warsaw on Monday. According to Muller, the issue of additional taxation for entities that continue business activities in Russia is being …

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