Moscow’s ‘Uncle Vanya’s’ fast-food chain unveils new logo following McDonalds exit from Russia March 18, 2022 A Russian fast-food chain is readying itself to become Russia’s own version of McDonalds after unveiling a new logo that bears a number similarities to the hamburger restaurant’s Golden Arches crest. The Moscow headquartered firm filed an application to patent its red and gold symbol, after a Russian politician said the country should start its [...]
Owner of Burger King says local operator in Russia ‘simply refuses’ to shut down all 800 fast food branches March 18, 2022 The owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to [...]
Economic sanctions must be backed up by a tax regime ready to isolate the Kremlin March 18, 2022 Almost three million people have fled Ukraine since Vladimir Putin ordered the Russian invasion nearly three weeks ago. Three million people – equivalent to the population of Wales – fighting to retain some semblance of normal life while Putin’s cruel assault shatters their homeland. And as I listen to heart-wrenching stories of individuals and families [...]
Gold prices recover despite Federal Reserve rate hike March 17, 2022 Gold prices have surged to $1,941 per ounce despite the US Federal Reserve increasing interest rates by 25 basis points.
McKinsey pulls staff out of Russia and sends them to Kazakhstan March 17, 2022 Consultancy giants McKinsey and BCG are pulling their staff out of Russia and sending them to the former Soviet republics of Kazakhstan and Azerbaijan. Big Three consulting firm McKinsey has already sent its Russian employees to Almaty, the largest city in Kazakhstan, according sources speaking to Financial News. Meanwhile, Boston Consulting Group (BCG) is [...]
US says 7,000 Russians killed in war as Zelensky lashes out at Germany March 17, 2022 The US believes more than 7,000 Russian troops have been killed during their invasion of Ukraine as Volodymyr Zelensky today lashed out at Germany for not giving his country enough support. US officials told the New York Times its latest estimate today, which would be more than the amount of American troops killed in the [...]
India’s Reliance Industries considers divesting from Russian fuel March 17, 2022 India's Reliance Industries could avoid buying Russian fuels for its plants after the West imposed sanctions on the country.
Oil markets rebound after IEA warns of supply shortages March 17, 2022 Oil prices have soared nearly seven per cent, following IEA warnings of supply shortages this year with Russian oil increasingly cut off
OECD: Russia-Ukraine war to knock global economy March 17, 2022 Russia’s invasion of Ukraine will shave around one percentage point off of global economic growth this year, reveals new forecasts by the group of rich nations. Disruption to flows of Russian and Ukrainian commodities as a result of the conflict will deliver a sharp blow to the Eurozone economy, according to the Organisation of Economic [...]
Furious Putin lashes out at ‘scum and traitors’ as Ukraine invasion stalls and yet another Russian general is killed March 17, 2022 Russia’s president Vladimir Putin appeared on Russian state television late last night to excoriate Russians who do not back him, even as both sides expressed optimism over efforts to negotiate an end to the fighting. Russians “will always be able to distinguish true patriots from scum and traitors and will simply spit them out like [...]