Money
French retailer announces suspension of business in Russia
A major French retailer has now suspended its activities in Russia following harsh criticism of its decision to stay
Activewear company, Decathlon, has been slammed for staying in Russia during the war with Ukraine.
Posts on social media have called for a boycott of the French company, which has 60 stores in Russia.
“In strict compliance with international sanctions, DECATHLON notes that the supply conditions are no longer met to continue its activity in Russia,” Decathlon says in a statement.
Decathlon says supply chain disruption meant it could no longer operate in the country but it would continue to support its 2500 Russian staff.
The company is also setting up a solidarity fund with €1 million’ to ‘support the affected populations’.
McDonald’s, Coca-Cola, Starbucks, and Ikea are among the many companies which have halted business in Russia. The corporate departures affect every department – retail, finance, entertainment, fast food, and autos.
The western sanction imposed against Russia also makes it harder for companies to continue business in Russia without facing an increased risk of a tarnished reputation.
Ukraine’s foreign minister had also criticised the firm for operating In Russia adding to the mounting pressure to pull out of the country.
Decathlon is owned by French retail giant Association Familiale Mulliez, which has been criticised for continuing its other businesses, Leroy Merlin and Auchan, in Russia.
The French Giant has also come under fire for reportedly planning an expansion of business in the country facing an exodus.
Rijul Baath contributed to this report
Money
Dow tumbles over 1,000 points as oil surges past 80 amid Iran tensions
Stocks plummet over 1,000 points amid oil price surge and Iran tensions; market implications discussed by Kyle Rodda.
Stocks plummet over 1,000 points amid oil price surge and Iran tensions
Stocks were rattled this week as the Dow dropped more than 1,000 points, driven by surging oil prices that surpassed 80 dollars a barrel. The spike comes amid escalating tensions in the Iran conflict, sparking concerns for investors worldwide.
Kyle Rodda from Capital.com breaks down the key factors behind the market plunge, which sectors were hit hardest, and how the previous day’s slight stabilisation of oil influenced trading.
The implications of rising oil and geopolitical uncertainty could have lasting effects on the global economy. Watch as Kyle explains what to watch next in the market and how investors are responding to these turbulent times.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#StockMarket #OilPrices #DowJones #FinancialNews #Investing #MarketUpdate #IranCrisis #Economy
Energy prices soar amid Iran conflict, with investors reassessing risks and market dynamics.
The ongoing conflict in Iran has sent energy prices soaring and markets reeling. Investors are reassessing inflation expectations, central bank rate paths, and global growth prospects as risk aversion rises.
David Scutt from Stonex gives his insights on how surging oil prices and rising energy risk premia are influencing investor sentiment and market dynamics.
Markets may need weeks to fully digest the economic impact of the conflict, with volatility likely to persist as investors weigh geopolitical and financial risks.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Navigating global uncertainty as the Middle East crisis reshapes markets, technology, and supply chains
The ongoing Middle East crisis is sending shockwaves through global markets, driving energy prices higher and intensifying volatility. Investors are facing growing uncertainty as inflationary pressures mount and risk sentiment shifts. Supply chains are under stress, with key trade routes disrupted, forcing businesses worldwide to rethink logistics, procurement, and operational strategies.
The technology sector is feeling the ripple effects as semiconductors, critical components, and AI infrastructure come under pressure. Volatility in tech stocks is rising, while defence and cybersecurity firms are navigating both new risks and opportunities. At the same time, investment in renewable energy and energy tech could accelerate as companies adapt to energy price surges and seek more resilient solutions.
Brad Gastwirth from Circular Technologies joins us to break down what these developments mean for global markets and long-term strategic planning.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#MiddleEastCrisis #GlobalMarkets #TechIndustry #EnergyPrices #SupplyChain #InvestorAlert #AI #Innovation
-
News3 days agoAirlines face disruptions that surpass previous Middle East conflicts
-
Leaders3 days ago
Nina Hargrave’s journey to Serene Body Health
-
Shows4 days ago
Victoria leads property market recovery with positive signals
-
News3 days ago
Oil prices surge amid rising Middle East conflict risks
-
Shows4 days ago
Understanding commercial lending’s unique challenges and strategies
-
Shows4 days ago
Cities reshaped by capital, policy, and design insights
-
Ticker Views3 days ago
Middle East crisis surge amid global energy fears
-
News1 day ago
U.S. submarine sinks Iranian warship near Sri Lanka
