Tag: Russia

Ukraine: Russia lost only 8.5% of Western firms, says report
News

Russia suspends participation in Ukraine grain deal

Moscow on Saturday suspended its participation in a landmark agreement that allowed vital grain exports from Ukraine, blaming drone attacks on Russian ships in Crimea. Russia made the announcement after its army accused Kyiv earlier Saturday of a “massive” drone attack on its Black Sea fleet, which Ukraine labelled a “false pretext” and the UN […]

News

Toyota shuts Russian factory over supply chain issues

Toyota announced Friday it was closing its assembly line near Saint Petersburg, in a new example of supply chain problems dogging firms operating in the sanctions-hit country. The industrial site spanning over 224 hectares (554 acres) suspended production in March, shortly after the start of Russia’s military operation in Ukraine. “Toyota has decided to stop […]

Economy

Experts warn Nigeria as World Bank predicts global recession

Economic and financial experts have warned that Nigeria could face serious economic consequences if the global economy contracts into a recession, as predicted by the World Bank. The President of the World Bank Group, David Malpass, told a United States business event on Wednesday that it was difficult to “see how we avoid a recession.” […]