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First major Chinese company suspends business sales in Russia & Ukraine

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4 years ago

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Chinese drone company, DJI halts sales in Russia and Ukraine amidst fears they could be used to cause harm

In a short statement, DJI says they will “temporarily suspend all business activities in Russia and Ukraine”.

Though some Chinese banks have halted financial dealings in Russia, DJI is the first major company to pause business operations in the region, despite the strong stance the Chinese government has had on avoiding criticism of the war.

A press release last week from DJI condemns the use of drones for military purposes, stating, “our products are made to improve people’s lives and benefit the world, and we absolutely deplore any use of our products to cause harm”.

“We will terminate our business relationship with [distributors, resellers, and other business partners] if they cannot adhere to this commitment.”

Analysts say the drone company wants to appear neutral in the war and believe paused operations by the world’s largest commercial drone-maker is unusual for a major Chinese company.

Speaking to Reuters, a DJI spokesperson says that “DJI abhors any use of our drones to cause harm, and we are temporarily suspending sales in these countries in order to help ensure no-one uses our drones in combat”.

DJI will continue to assess the use of their products in these regions and whether they have been used for military purposes.

China has sought to remain neutral on the conflict, calling for a peaceful solution. But it has yet to condemn the Russian invasion.

Last month, Ukraine’s Vice Prime Minister tweeted DJI to say: “Block your products that are helping Russia to kill the Ukrainians.”

An open letter attached to the tweet alleged that Russia was using DJI drones to help target missiles.

The company responded saying the products were only for civilian use.

Katerina Kostakos contributed to this report

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U.S. dollar weakens while Australian dollar rises amid global market shifts

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3 days ago

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January 30, 2026

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US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations


The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker


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Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

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3 days ago

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January 30, 2026

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Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.


Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

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Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

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6 days ago

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January 28, 2026

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Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue


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