ABB to quit Russian market over war in Ukraine

ABB to quit Russian market over war in Ukraine

Swiss-Swedish engineering giant ABB said on Thursday it will quit Russia as a result of the war in Ukraine and the related international sanctions against Moscow.
H&M to wind down operations in Russia

H&M to wind down operations in Russia

Swedish fashion retailer H&M said on Monday it had decided to wind down operations in Russia, after pausing all sales there in March following Moscow's invasion of Ukraine.
Russia fines Google $360 mn over Ukraine content

Russia fines Google $360 mn over Ukraine content

A Moscow court has fined Google 21 billion rubles ($360 million) for failing to remove content concerning Russia's military intervention in Ukraine, the nation's telecommunications regulator said Monday.
Will Vietnam become a big geopolitical beneficiary?

Will Vietnam become a big geopolitical beneficiary?

As long as China continues its current pandemic policy and disruptions such as the Ukraine conflict continues, interest in the China+1 strategy is likely to grow. Kevin Coppel, Asia-Pacific managing director, and Christine Li, Asia-Pacific head of research for Knight Frank in Singapore, explain how Vietnam could well emerge as the greatest beneficiary.
HSBC profits slide as Ukraine war worsens inflation

HSBC profits slide as Ukraine war worsens inflation

HSBC profits slid in the first quarter, the Asia-focused bank announced Tuesday after it was hit by bad debts as Russia's invasion of Ukraine sent inflation rocketing further.
Indonesia runs trade deficit with Russia, Ukraine

Indonesia runs trade deficit with Russia, Ukraine

Indonesia's trade balance with Russia and Ukraine was in deficit due to the ongoing war, head of the Statistics Indonesia (BPS) Margo Yuwono has stated.
Energy giant Shell hikes Russian exit hit to $5 bn

Energy giant Shell hikes Russian exit hit to $5 bn

Shell on Thursday warned that its exit from Russia over the Ukraine war would cost the British energy giant up to $5 billion, but it would fulfil pre-conflict contracts to buy fuel from Moscow.
Vietnam effectively working on socio-economic recovery, development: PM

Vietnam effectively working on socio-economic recovery, development: PM

Prime Minister Pham Minh Chinh chaired a national teleconference between the Government and localities on April 5 to look into the socio-economic situation in the first quarter of 2022.
Heineken, Carlsberg join Russia business exodus

Heineken, Carlsberg join Russia business exodus

Beer makers Heineken and Carlsberg announced Monday that they would pull out of Russia, joining a foreign business exodus following Moscow's invasion of Ukraine.
Oil prices, stocks higher after EU snubs Russia ban

Oil prices, stocks higher after EU snubs Russia ban

Crude prices were higher Friday and stock markets made decent gains after European countries decided against a ban on Russian oil imports over its invasion of Ukraine -- but Germany said it would slash its energy purchases from Moscow.
Vietnam willing to join humanitarian efforts for Ukraine

Vietnam willing to join humanitarian efforts for Ukraine

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), has affirmed that Vietnam supports and is always willing to contribute to the UN's humanitarian relief for Ukraine within its capacity and conditions.
High prices call for green transition acceleration

High prices call for green transition acceleration

With the military conflict in Ukraine, energy prices have surged to their highest levels in recent times. Brent oil prices surged to $120 per barrel in early March, sharply higher than one year earlier. Natural gas prices on spot markets spiked in tandem and reached a record level of $6 per MMBtu. Global prices of coal and wheat have also sharply increased. Although spot markets tend to overreact and energy prices have partially retreated, they have not returned to previous levels.
ECB's Lagarde 'concerned' about crypto use to dodge Russia sanctions

ECB's Lagarde 'concerned' about crypto use to dodge Russia sanctions

European Central Bank chief Christine Lagarde spoke of her concern Tuesday that cryptocurrencies were being used as a loophole to avoid sanctions against Russia over the war in Ukraine.
Nation braces for global shifts in recovery journey

Nation braces for global shifts in recovery journey

A big rise in crude oil coupled with slow-paced manufacturing recovery is expected to dent economic growth at least for the next couple of months.
FLC sponsors to evacuate Vietnamese in Ukraine on all Bamboo Airways flights

FLC sponsors to evacuate Vietnamese in Ukraine on all Bamboo Airways flights

On March 10, Bamboo Airways QH9066 sponsored by FLC touched down at Noi Bai International Airport, carrying 300 Vietnamese citizens evacuated from Ukraine.
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