By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine. The decision will see Exxon pull out of managing large oil and gas production facilities on…
WASHINGTON (Reuters) – U.S. airplane manufacturer Boeing Co said on Tuesday it was suspending parts, maintenance and technical support for Russian airlines as well as major operations in Moscow after Russia’s invasion of Ukraine. “As the conflict continues, our teams are focused on ensuring the safety of our teammates in the region,” a Boeing spokesperson…
By Dawn Chmielewski and Ross Kerber (Reuters) -Some of America’s best-known companies including Apple, Google, Ford, Harley-Davidson and Exxon Mobil rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers decrying the violence. Apple Inc late on Tuesday said it had stopped sales of iPhones and other products in…
By David Shepardson, Jamie Freed and Foo Yun Chee (Reuters) -The United States is set to ban Russian flights using American airspace following similar action by the European Union and Canada, government and industry officials told Reuters, a move likely to trigger Russian retaliation. President Joe Biden is expected to announce the ban during his…
By Dawn Chmielewski and Ross Kerber (Reuters) – Some of America’s best-known companies including Apple, Google, Ford and Harley-Davidson rebuked and rejected Russia for its invasion of Ukraine, under steady pressure from investors and consumers decrying the violence. Apple Inc late on Tuesday said it had stopped sales of iPhones and other products in Russia,…
(Reuters) – Australia’s Core Lithium Ltd on Wednesday entered into an agreement with Tesla Inc to supply the U.S. electric car maker with lithium spodumene, sending its shares up 13% in early trading. The deal reflects surging demand for battery metals such as lithium, nickel and cobalt due to the exponential rise in electric vehicle…
VIENNA (Reuters) -The European arm of Sberbank, Russia’s biggest lender, has been closed by order of the European Central Bank, which had warned it faced failure due to a run on deposits after Russia invaded Ukraine, Austria’s Financial Market Authority said. The European Central Bank’s Single Resolution Board (SRB) determined earlier this week that Sberbank…
By Daina Beth Solomon MEXICO CITY (Reuters) – An overwhelming vote by workers at a northern Mexican factory to elect an independent union, defeating an entrenched labor group, could presage more such showdowns amid growing U.S. pressure to strengthen worker rights. Independent union SNITIS won nearly 87% of the vote at the Tridonex auto parts…
(Reuters) – Ford Motor Co said on Tuesday that, given Russia’s invasion of Ukraine, it has informed joint venture partner Sollers it is immediately suspending operations in Russia until further notice. Ford said it does not have significant operations in Ukraine. Ford also said the Ford Fund is making a $100,000 donation to the Global…
(Reuters) -Salesforce.com Inc on Tuesday reported quarterly revenue and profit above Wall Street estimates, as a pandemic-led shift to hybrid work kept up the strong demand for its cloud-based software, sending its shares up 4% in extended trading. Companies like Salesforce reaped the benefits of the pandemic, with organizations doubling down on their effort for…
