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Growing list of companies taking a stance against Russia

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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.

  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Research key to investment success

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What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

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Why “stagflation” will be the greatest financial threat of 2024

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With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

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