business in the world

Apple is no longer the world’s most valuable company

Apple is no longer the world’s most valuable company

Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to …

Apple ends production of its iPod

Apple ends production of its iPod

Apple announced that it's discontinuing the iPod Touch - the last iPod model produced by the company - marking an end for the gadget that helped shape the music listening experience for 20 years. "Music has always …

IKEA may resume work in Russia by autumn

IKEA may resume work in Russia by autumn

The Swedish company IKEA has extended the suspension of its stores in Russia until August 31, 2022, due to logistics problems. The public of the IKEA workers' union on the social network Vkontakte reads that the company cannot …

Visa loses $60 mln after suspending operations in Russia

Visa loses $60 mln after suspending operations in Russia

Visa suffered a loss of $60 million due to the suspension of operations in Russia. This according to the data contained in the payment system’s quarterly report, published on Tuesday. "Current year’s results included …

Zara denies opening of its stores in Russia

Zara denies opening of its stores in Russia

Clothing brand Zara will not open its stores in Russia on April 30, 2022. This was reported by of the company's representatives. Earlier today, the Zara website reported that stores would be open in Russia from April 30. …

Finland's Stora Enso divests two sawmills in Russia

Finland's Stora Enso divests two sawmills in Russia

Finland’s Stora Enso has entered into an agreement to divest its two sawmills and their forest operations in Russia to local management, the group said on Monday. “Stora Enso’s assessment is that due to the …

Elon Musk buys Twitter for $44 billion

Elon Musk buys Twitter for $44 billion

U.S. entrepreneur Elon Musk buys Twitter, Inc. for $44 billion, Twitter said in its press release, published in PR Newswire Monday. "Twitter, Inc. today announced that it has entered into a definitive agreement to be acquired by an …

Toshiba no longer accepts orders from Russian partners

Toshiba no longer accepts orders from Russian partners

Japanese electronics manufacturer Toshiba announced on its website on Wednesday it was suspending all investment in Russia and will no longer accept orders from Russian partners. The company cited the Russian special military operation …

EPAM Systems begins process of exiting operations in Russia

EPAM Systems begins process of exiting operations in Russia

EPAM Systems Inc. is pulling out of Russia, citing the country's invasion of Ukraine. The technology company, which had previously said it was discontinuing service to customers in Russia, on Thursday said it had began the process …

Ritter Sport to continue chocolate supplies to Russians

Ritter Sport to continue chocolate supplies to Russians

The German chocolate manufacturer Ritter Sport has decided to continue chocolate supplies to Russia. This was said in a statement. "In order to save jobs as well as the livelihoods of many cocoa growing families, we continue to …

Cement maker Holcim to quit Russian market

Cement maker Holcim to quit Russian market

Holcim is exiting the Russian market, the world's biggest cement-maker said on Tuesday. "The Holcim Board of Directors has decided to initiate the process to exit the Russian market in line with the company's values to …

TotalEnergies to stop buying Russian oil by end of 2022

TotalEnergies to stop buying Russian oil by end of 2022

The French energy company TotalEnergies has updated its policy towards Russia amid the ongoing conflict in Ukraine and has decided to completely stop purchasing Russian oil and petroleum products no later than the end of 2022, the company said in …

Italy's largest utility Enel to exit Russia operations

Italy's largest utility Enel to exit Russia operations

Enel SpA, Italy’s largest utility, will exit from its Russia operations in a “matter of months,” Chief Executive Officer Francesco Starace said. The Italian company joins the world’s biggest energy companies, …

Pirelli puts brake on Russian activities

Pirelli puts brake on Russian activities

Italy's Pirelli said on Thursday it had halted investments in Russia, excluding those linked to security, and that the activity of its factories in the country would be curtailed. "The investments in the local market, …

Slack begins suspending accounts in Russia

Slack begins suspending accounts in Russia

Several organizations in Russia have found themselves locked out of their Slack accounts without notice, according to Axios. The Salesforce-owned business messaging app has started cutting off Russian users from its platform to …

Sony Music and Warner Music Group leave Russia

Sony Music and Warner Music Group leave Russia

The world's largest record companies Sony Music and Warner Music Group announced the suspension of activities in Russia due to the situation in Ukraine. "We have suspended operations in Russia and will continue to support the …

Nestle suspends investments in Russia

Nestle suspends investments in Russia

The Swiss transnational corporation Nestle stops investments in Russia because of the events in Ukraine. At the same time, the company intends to continue supplying food products to the Russian market, Reuters reports. Let us …