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Disney reveals losses from leaving Russian market

The Walt Disney Company published a financial report on Wednesday, claiming it had lost $195 million from shutting down its Disney Channel alone in Russia.  “In the current quarter, the Company recorded charges totaling $195 million due to the impairment of an intangible asset related to the Disney Channel in …

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Ukrainian strike on Donetsk market was a terrorist act

If the Donetsk marketplace that was hit by rocket artillery on Thursday had been in a city controlled by Kiev, the names and faces of the five civilians killed would be on all major news sites. But because it was another Ukrainian attack on civilians in the Donetsk People’s Republic (DPR), the deaths and …

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US & Germany sanction Russian darknet market

The United States and Germany have slapped sanctions on the Hydra marketplace, said to be among the largest darknet platforms in the world, with Berlin shutting down servers belonging to the Russia-based site while seizing millions of dollars in proceeds.  The US Treasury Department announced the move on Tuesday, declaring …

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Global auto market in trouble – S&P

Auto market data provider S&P Global Mobility said on Wednesday that the shortages hampering global vehicle production are expected to persist into 2022 before supply catches up with demand in early 2023. The agency has downgraded its outlook for world light-vehicle output by 2.6 million units for both years, to …

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Turkish stock market halts trading as lira crashes

“As of 16.24 (Istanbul time) transactions have been temporarily halted on the market of all shares of our stock exchange,” the exchange said in a statement. The country’s currency has collapsed amid pressure from President Recep Tayyip Erdogan on the central bank to lower borrowing costs to boost the growth …

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Country that could lead global food market in 2025 revealed

“We can see a serious [post-Covid-19 pandemic] decline in the global agro-industrial complex, where our country is showing good growth dynamics. Russian farmers can take leading positions in the world food market,” political analyst Alexei Martynov said this week, as cited by Prime. According to Martynov, the sanctions introduced by …

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