Nokia becomes the latest corporate giant to leave Russia

Published

2 years ago

April 12, 2022

Russia is set to say goodbye to Nokia, with the telecom company set to cease operations in the country amid the war in Ukraine

Telecommunications giant Nokia is pulling out of the Russian market.

This move will impact around 2,000 workers with the company’s CEO saying business in the country will be suspended indefinitely.

Telecommunication was one sector that have received exemptions related to sanctions.

The company could have remained.. operating in Russia on humanitarian or related grounds but Nokia says withdrawing from the country is the only option.

The CEO says Nokia ” just simply does not see any possibilities to continue in the country under the current circumstances”.

The company has assured they will support customers during the withdrawal.

It is still unclear how long this process will take.

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending