PepsiCo explores options for Russian business - WSJ

PepsiCo Inc is exploring options for its Russian business, including writing off the value of the division, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

newspaper

08-03-2022

ARK'S Wood sees Europe in recession, high oil prices to drive EV sales

Europe's economy is likely already in a recession as a result of the Russian invasion of Ukraine and the U.S. economy may not be far behind, which will likely prompt companies and consumers to look toward technology to lower costs, star stock picker Cathie Wood of Ark Invest said in a webinar on Tuesday.

newspaper

08-03-2022

Explainer-Will Big Tech cloud companies cut off Russia?

Ukraine has urged cloud-computing and software giants including Microsoft Corp and SAP SE to cut off Russia to stop Moscow's invasion. Here's what's at stake.

newspaper

08-03-2022

Consumer goods giant Unilever to suspend its Russian imports, exports

(Reuters) -Unilever on Tuesday became the first major European food company to stop imports and exports out of Russia after the country's invasion of Ukraine.

newspaper

08-03-2022

McDonald's to temporarily close restaurants in Russia as Moscow's isolation deepens

LONDON (Reuters) -McDonald's Corp said on Tuesday it would temporarily close its restaurants in Russia, becoming the latest Western company to pause all operations in the country after it moved troops into Ukraine.

newspaper

08-03-2022

Leonardo's plan to sell units on hold amid Ukraine crisis-sources

Italian defence group Leonardo's plan to find a buyer for its OTO Melara and Wass units has been put on hold amid the crisis caused by Russia's invasion of Ukraine, three sources close to the matter said.

newspaper

08-03-2022

LME forced to halt nickel trading, cancel deals, after prices top $100,000

LONDON (Reuters) -The London Metal Exchange (LME) was forced to halt nickel trading and cancel trades after prices doubled on Tuesday to more than $100,000 per tonne in a surge sources blamed on short covering by one of the world's top producers.

newspaper

08-03-2022

Oatly to emerge winner in 2022 plant-based peers' battle

Oatly Group AB is expected to forecast strong sales growth for 2022 when it reports results on Wednesday as health-conscious consumers consistently turn to the company's plant-based milk, a contrast to the demand slowdown seen by Beyond Meat.

newspaper

08-03-2022

Luxury carmaker Ferrari suspends production of vehicles for Russian market

Luxury carmaker Ferrari said on Tuesday it would suspend exports to Russia due to Moscow's invasion of Ukraine.

newspaper

08-03-2022