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This collection of articles explores the fallout of the war in Ukraine on Western companies operating in Russia
...“And this decision reflects confidence by our company in the UAE as a country, in G42 as a company, and in Peng as its CEO.”...
...Goldman Sachs has moved its top investment banker for European financial companies from London to Paris, as the Wall Street bank finalises its post-Brexit relocation plans....
...The sale price “reflects a mandatory discount of at least 50 per cent” to “fair value” under Russian government rules on exits for western companies, Yandex’s parent company said....
...A string of western companies have sought to offload their Russian arms since the country’s invasion of Ukraine last year and amid the subsequent sanctions imposed by the US and EU....
...The widely reported corporate exodus of major western brands in the immediate aftermath of the full-scale invasion was quickly replaced by the “stay and wait” approach of over 2,000 international companies...
...The move highlights some of the fallout western companies are feeling from the punitive measures against Moscow....
...Mirroring most officials and state company leaders, he has remained in his job, citing his obligation to Sberbank’s customers and refuting allegations of the bank’s involvement in supporting Russia’s war...
...The rise of Turkish aviation stands in sharp contrast to the picture in western Europe, where parts of the industry are in retreat....
...Two years into the war, those western companies still clinging on to their Russian assets have been counting on war fatigue in their home markets to ride out the initial wave of public outrage....
...US lawmakers had scrutinised G42’s links to Chinese companies, over concern that the company could provide a route for US AI technology and Americans’ genetic data to reach the Chinese government and companies...
...Opinion: The pace of China’s post-pandemic development should be a wake-up call for western manufacturers, writes Thomas Hale....
...Prosecutors are probing whether Benko and Signa misled the bank regarding the company’s financial health. The loan was collateralised with shares in Signa Group entities....
...has become known for her hard-nosed investigative approach as she refused to settle cases out of court and arranged for police to raid the headquarters of many well-known banks and professional services companies...
...Together with Thomas R, they set up research projects between the company, German universities and sham Chinese business partners....
...Taiwan Semiconductor Manufacturing Company said it planned to charge customers more for making their chips outside of Taiwan to keep up its profitability....
...The role of the state in China is difficult to easily map on to transparently-codified norms in western economies....
...The new provision, which will enter into force in June, will give European regulators their most detailed overview of western businesses’ current dealings in Russia to date....
...Henry FoySo this was a meeting of between 20 and 25 western leaders, mainly European leaders. So quite a high-level conference....
...Energy start-up Newcleo is doing everything you would expect of a growing company....
...“Settlements are one of the tightest places even in friendly jurisdictions, they don’t let exporters and importers work normally,” he said, adding that the company needed to avoid risks of operations ceasing...
...All five of Arnault’s children work at the company in operational roles and all but the youngest, Jean, now have board seats....
Regional chain Tegut forced to close automated shops to comply with centuries-old ban
...On Thursday, Signa Holding, the central company in the Signa group, reported that it expected to recoup zero value from its shareholdings in Signa’s two main holding companies, which owned the majority of...
...These include institutional assets such as Russian state bonds as well as private securities and profits that western companies generated in Russia after the full-scale invasion of Ukraine two years ago....
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