Russia halts gas supply to Finland over refusal of rouble payment

Russia’s Gazprom has informed Finland it will halt flows of natural gas from Saturday morning, Gasum said on Friday, after the Finnish state-owned gas wholesaler refused to pay its Russian supplier in roubles. Gazprom Export has demanded that European countries pay for Russian gas supplies in roubles because of sanctions imposed over Moscow’s invasion of… Read More Russia halts gas supply to Finland over refusal of rouble payment

McDonald’s to sell its Russian restaurants to local operator

McDonald’s Corp is selling its restaurants in Russia to one of its current local licensees, who will rebrand them under a new name, ending more than three decades of the “Golden Arches” in the country, the fast-food company said on Thursday. The world’s largest burger chain owns 84% of its nearly 850 restaurants in Russia.… Read More McDonald’s to sell its Russian restaurants to local operator

Twitter to place warning labels on misinformation regarding Ukraine conflict

Twitter Inc will begin placing warning notices in front of some misleading content regarding the conflict in Ukraine and limit the spread of claims debunked by humanitarian groups or other credible sources, the social media company said on Thursday. The step-up against misinformation around Russia’s invasion of Ukraine, which Moscow calls a “special military operation,”… Read More Twitter to place warning labels on misinformation regarding Ukraine conflict

Chile’s congress approves increase in minimum wage

Chile’s congress voted to approve an increase in the minimum wage on Wednesday as the Andean country struggles with soaring inflation. Chile’s lower house supported adjustments made by the senate and 139 members of the 155-member house voted to approve the 14.3% hike in minimum wage, which now awaits President Gabriel Boric’s signature. Boric announced… Read More Chile’s congress approves increase in minimum wage

Google’s Russian subsidiary files for bankruptcy

The Russian subsidiary of Alphabet Inc’s Google has filed for insolvency, according to a message posted on Russia’s official registry Fedresurs on Wednesday. The subsidiary was “submitting a notice of the intention to declare itself insolvent (bankrupt)”, the note said. “Since March 22, 2022, it foresees its own bankruptcy and inability to fulfil its monetary… Read More Google’s Russian subsidiary files for bankruptcy