Investors were outraged when Deutsche Bank announced it was not totally withdrawing from Russia, contrasting with Wall Street institutions that are cutting relations with the nation over its invasion of Ukraine.   Following a slew of sanctions on Russia, banks and asset managers have...

Toyota Motor Corp announced on Friday that it will reduce domestic manufacturing by up to 20 % in April, May, and June to relieve pressure on suppliers dealing with chip and other part shortages.   As the Covid-19 epidemic continues on, the action by Japan's largest carmaker is the latest to...

UniCredit, Italy's second-largest bank, said a full write-off of its Russian operations, including cross-border risk, would cost roughly 7.4 billion euros ($8.1 billion), putting its capital distribution plans in jeopardy.   UniCredit, one of Europe's most exposed banks to Russia, said it...

Fast Retailing, which owns Uniqlo, will continue to have its business and its stores open in Russia, joining a tiny group of multinational companies that have remained in the country despite hundreds of huge brands suspending business or exiting due to Russia's invasion of Ukraine.  ...

Tata Elxsi Ltd of India has partnered with Renesas Electronics Corp of Japan to establish a design centre in India for the development of electric vehicle (EV) technology, as the Indian EV industry continues to grow, according to Renesas.   The new design centre in Bangalore will serve as a...

Rivian Automotive Inc took back price rises on electric vehicles ordered before March 1, days after receiving negative feedback from consumers following a 20% price spike.   Preorder prices will revert to the former pricing on March 1, and consumers who cancelled purchases can have them...

As the impact of sanctions in the aftermath of Russia's invasion of Ukraine ripples across the international airline sector, Boeing (BA.N) announced it was halting parts, maintenance, and technical assistance for Russian airlines.   The news came late Tuesday, as aircraft and engine makers,...

Energy giant Exxon Mobil has decided to desert its Russian oil and gas operations, which the company said was valued at more than $4 billion, over the Russian invasion of Ukraine. The company also announced suspension of all new investments in the country over the same issue.   Exxon will no...

Analysts predict additional Western firms to depart the Russian market after two of the world's largest oil corporations, BP and Shell, did so on Monday, abandoning multibillion-dollar assets in the aftermath of Russia's invasion of Ukraine.   Shipments have been blocked, relationships have...

In a sudden turn of events, the CEO of Toshiba Corp, Satoshi Tsunakawa, resigned, the Japanese conglomerate said. This sudden move comes after reports of a revised restructuring plan of the company surfaced that reportedly faced opposition from within the company as well as anger from shareholders...

Two of the largest logistics companies of the world, United Parcel Service Inc which is based in the United States, and FedEx Corp anocuned on Monday that they would be stopping their delivery services to Russia and Ukraine because of the current conditions created by the invasion of Ukraine by...