What do companies still in Russia value most: Reputation, principles or profit?
by The Washington Times
The Washington Times— It has been over two years since Russia invaded Ukraine, yet many well-known international brands, despite global condemnation and strict multilateral sanctions, continue to cling to the Russian market.
Japan Today—Google parent Alphabet's Q1 profits beat estimates: company. Google's parent Alphabet on Thursday trounced revenue and profit expectations for the first quarter of this year, causing shares to leap more than 12 percent. Alphabet reported profit of $23.7 billion on revenue of $80.5 billion, crediting growth in cloud computing, YouTube, and online search advertising. Alphabet chief executive Sundar
PYMNTS.com—Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55%. There was nothing electric about electric vehicle (EV) maker Tesla’s latest financial results. The company reported its first quarter 2024 earnings results Tuesday (April 23), disclosing a 55% drop in profits when compared to the same period last year. “We experienced numerous challenges in Q1, from the Red Sea conflict and the arson attack at Gigafactory […]
Zero Hedge—US Imposes Sanctions On Chinese Companies Vital To Russia's Defense Industry. US Imposes Sanctions On Chinese Companies Vital To Russia's Defense Industry The Biden administration and US Treasury on Wednesday unveiled nearly 300 new anti-Russia sanctions which especially target third party entities which are said to help Moscow in sanctions-busting activities. "The almost 300 targets being sanctioned by both Treasury and the Department of State include sanctions on dozens of actors that have enabled Russia to acquire desperately needed technology and...