In retaliation against Western sanctions, the Russian government has banned the sale of Russian assets. So firms that, in recent years, have been encouraged to establish a presence in Russia, to make breakfast cereals or detergents, are “locked in” with local businesses, staff and supply chains.
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Ikea struggles with supply problems due to driver shortage
admin, , Business, 0
“Like many retailers, we are experiencing ongoing challenges with our supply chains due to Covid-19 and labour shortages, with...
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Lastminute.com failed to meet Covid refund deadline
admin, , Business, 0
“Despite being given ample time to return all outstanding refunds to customers – as well as clear instructions regarding...
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Government mulls giving workers twice as long to strike
admin, , Business, 0
The government is considering giving workers twice as long to strike. Under existing legislation, if workers vote to take...
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UK furlough scheme ends amid calls for further support
admin, , Business, 0
Firms still relying on the job protection scheme call for more support as it is wound up.
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Pret A Manger to cut 3,000 jobs in the UK
admin, , Business, 0
Image copyright AFP Sandwich chain Pret A Manger is to cut 3,000 jobs, or more than a third of...
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People face biggest drop in living standards since 1956
admin, , Business, 0
But the OBR, which publishes its economic forecasts twice a year, said Russia’s invasion of Ukraine had “major repercussions...
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Hapag-Lloyd says Red Sea route still ‘too dangerous’
admin, , Business, 0
“Amid a global recession, Egypt is grappling with shortages of foreign exchange reserves caused by the impact on the...
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Post Office scandal victims still waiting for compensation
admin, , Business, 0
However, all victims are hoping that someone within government, the Post Office and Fujitsu, who made the Horizon software,...
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