Growing list of companies taking a stance against Russia

Published

4 years ago

April 22, 2022

Anthony Lucas

Another major company has taken a stance against Russia’s invasion of Ukraine

Onlyfans has temporarily suspended the accounts of Russian content creators.

The move has left many creators like sex workers out of income.

Until now, Russian creators have been allowed to remain on the platform.

In February, Rolling Stone reported that Russian OnlyFans creators briefly lost access to their accounts with little warning but the access was then granted once again.

Since Russia’s invasion of Ukraine, Russian content creators have quickly begun losing access to popular online services.

Major corporate organisations have also continued to block, suspend or cease operations in Russia

From oil giants to media companies and sporting bodies, Russia is facing a multi-billion dollar exodus as companies pull out to condone actions by the Kremlin.

Consumer goods and retail:

Nestlé: Suspending sales of “the vast majority” of its prewar volume of products in Russia, including pet food, coffee and candy sold under KitKat and Nesquik brands.
British American Tobacco: Exiting its Russian business.
Fast Retailing (Japanese clothing company that operates Uniqlo): Suspend its operations in Russia.
Unilever: Suspended imports and exports.
Ikea: Suspended imports and exports.
H&M: 170 Store operations paused.
Nike: 116 Store operations paused.
Canada Goose: Ceasing wholesale and e-commerce sales.
Adidas: Suspending sales in Russia.

Food and Drink companies:

Heineken: Stop producing, advertising and selling beer in Russia.
McDonald’s: Temporarily closing 850 locations in Russia.
Starbucks: Closing all stores and operations in Russia.
Pepsi: Said it would stop selling soda in Russia.
Yum Brands: Closing its 70 company-owned KFC restaurants and all 50 franchise-owned Pizza Hut restaurants.

Finance and Banking:

French bank Société Générale: Selling its controlling stake in Rosbank, a Moscow-based lender.
Deutsche Bank: Scaling down operations.
Goldman Sachs: Scaling down operations.
Western Union: Suspending operations.
American Express, Mastercard and Visa cards issued by Russian banks will not work in other countries, and cards issued elsewhere will not work for purchases in Russia.
Deloitte, EY, KPMG and PWC: Ceasing operations.

Energy Companies:

Shell: Exiting joint ventures with Gazprom, the Russian natural gas giant.
BP: Set to sell its approx. 20 percent stake in Rosneft, the Russian state-controlled oil company.
Exxon Mobil: will end its involvement in a large oil and natural gas project.

Media Companies:

Bloomberg: Suspending operations in Russia and Belarus.
Netflix: suspended its service and halted future projects in the country.
The Walt Disney Company New movie releases paused, operations in Russia halted.

Tech Companies:

Nokia: Leaving Russia completely.
Intel: Suspending all operations in Russia.
LG: Suspending new shipments to Russia.
Google: Advertising suspended.
Sony: New hardware shipments suspended.
Amazon Web Services: No longer accepting new customers in Russia
Microsoft: Paused sales.
Apple: paused sales.

Airlines, Hotels & Logistics

Hyatt Hotels: New developments and investments suspended.
Hilton Hotels: New developments suspended.
UPS: Suspended shipments to and operations within Russia and Belarus.
FedEx: Suspended shipments to and operations within Russia and Belarus.
DHL: Suspended shipments to and operations within Russia and Belarus.
Airbus: Suspended the supply of parts, maintenance and technical support services to Russian airlines.
Boeing: Suspended the supply of parts, maintenance and technical support services to Russian airlines.
American Airlines: Codeshare agreements with Russian airlines scrapped. Flights to Moscow suspended.
Delta Airlines: Codeshare agreements with Russian airlines scrapped. Flights to Moscow suspended.
United Airlines: Codeshare agreements with Russian airlines scrapped. Flights to Moscow suspended.

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Published

3 weeks ago

November 27, 2025

Harvey Vargas

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews

Money

Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

Published

3 weeks ago

November 26, 2025

Harvey Vargas

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.

The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.

Money

Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Published

3 weeks ago

November 25, 2025

Harvey Vargas

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar