Tuesday, 1 March 2022

Reuters Business: Apple stops product sales in Russia, adding to pressure from shippers, car makers

Apple stops product sales in Russia, adding to pressure from shippers, car makers

American big brands including Apple, Google and Harley-Davidson on Tuesday cut sales and distanced themselves from Russia because of the invasion of Ukraine, joining a growing list of companies from shippers to car makers to energy companies shunning the country.

U.S. officials applaud Mexico for assuring 'fair and safe' union vote at auto parts plant

U.S. Trade Representative Katherine Tai and Labor Secretary Marty Walsh on Tuesday lauded Mexico's efforts to assure a "fair and safe" union vote at the Tridonex auto parts plant, and said they would continue to press Mexico to advance labor rights.

Ford suspends Russian operations following invasion of Ukraine

Ford Motor Co said on Tuesday that, given Russia's invasion of Ukraine, it has informed joint venture partner Sollers it is immediately suspending operations in Russia until further notice.

Facebook whistleblower to attend Biden's State of the Union address -White House

Facebook whistleblower Frances Haugen plans to attend U.S. President Joe Biden's first State of the Union address to Congress on Tuesday night, the White House said, as it seeks to highlight mental health problems facing young people.

Nike makes online sales unavailable in Russia

Nike Inc has made merchandise purchases on its website and app unavailable in Russia as it cannot guarantee delivery of goods to customers in the country, an update on the sportswear maker's website showed on Tuesday.

Salesforce posts upbeat results on hybrid work boost

Salesforce.com Inc on Tuesday reported quarterly revenue and profit above Wall Street estimates, as a pandemic-led shift to hybrid work kept up the strong demand for its cloud-based software, sending its shares up 4% in extended trading.

Nordstrom forecasts full-year profit, revenue above estimates

Nordstrom Inc forecast full-year profit and revenue above Wall Street estimates on Tuesday, as it bets on strong demand for its clothing and footwear, sending its shares up 34% in extended trading.

Apple says it halts all product sales in Russia

Apple Inc said on Tuesday it has paused all product sales in Russia in response to the Russian invasion of Ukraine.

Apollo CEO says Ukraine conflict could weigh on interest rate rises

Apollo Global Management Inc Chief Executive Marc Rowan said on Tuesday that Russia's invasion of Ukraine could temper interest rate rises by central banks and that he expected inflation to slow down in the long term.

Yellen tells EU's Dombrovskis 'further strong measures' needed on Russia -Treasury

U.S. Treasury Secretary Janet Yellen on Tuesday told European Commission Executive Vice President Valdis Dombrovskis that cooperation was needed on "further strong measures" in response to Russia's invasion of Ukraine after unprecedented sanctions, the U.S. Treasury said.

Related Videos

Oil market pricing in 'eventuality' of shortages -CIO

Apollo CEO Marc Rowan shares outlook for inflation, interest rates

BVTV: EU oligarch slapdown