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Business  /  Published 24.06.22

Nike makes full exit from Russia

Nike on Thursday announced that it will exit the Russian market for good and not reopen. The company had already temporarily closed stores in the days following the invasion of Ukraine on Fe...
By Deutsche Welle

Business  /  Published 17.06.22

McDonald's to settle tax fraud case

Fast-food giant McDonald's is to pay €1.25 billion (roughly $1.3 billion) to the French state to avoid a legal case over tax evasion under an agreement from May that was approved on Thursday ...
By Deutsche Welle

Business  /  Published 13.06.22

Russian fast-food chain to replace McDonald's

"I am ambitious man, and I don't only plan to open the 850 restaurants of our predecessor, but to also develop new ones," Govor said on Sunday. He added that the new company has managed ...
By Deutsche Welle

World  /  Published 12.06.22

McDonald’s is back, Moscow style

Yevgeny Shumilkin is going back to work on Sunday. To prepare, he pulled the familiar “M” off what had been his McDonald’s shirt and covered the “M” on his McDonald&rsquo...
By Anton Troianovski and Ivan Nechepurenko

World  /  Published 24.05.22

Starbucks to exit Russia after 15 years

Starbucks Corp said on Monday it will exit the Russian market after nearly 15 years as the coffee chain joins McDonald’s Corp in marking the end of the presence of some of the top western brands...
By Reuters

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Lifestyle  /  Published 21.05.22

The week that should have been

Speaking to French magazine La Fausseté, Aishwarya Rai Bachchan says that “coming to Cannes is always special as it’s the place where my biggest projects of the year go viral&rdqu...
By Priyam Marik

World  /  Published 18.05.22

Russians line up for last Big Mac

Russians lined up in a Moscow train station on Tuesday for what may be their last Big Mac from one of the few McDonald’s restaurants still open in the country.  The world’s largest b...
By Reuters

Business  /  Published 30.04.22

First quarterly loss for Amazon in six years

Amazon has reported its first quarterly loss since 2015, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-ve...
By AP in New York

World  /  Published 09.03.22

McDonald's, Starbucks close doors in Russia

A U.S. ban on imports of Russia's oil ratcheted up punishment for the invasion of Ukraine on Tuesday as McDonald's and Starbucks closed outlets and Moscow promised safe passage for some people...
By Reuters in Washington

Business  /  Published 06.03.22

Pressure on firms to exit Russia

Major global brands, including McDonald’s Corp, PepsiCo Inc and the Estee Lauder Cos Inc, should consider pausing their operations in Russia, New York state’s pension fund chief wrote in l...
By Reuters in New York


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