Exxon to exit Russia, leaving $4 bln in assets, Sakhalin LNG project in doubt
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine.
Russia’s Sberbank in Europe faces closure after savers demand money
The European arm of Sberbank (SBER.MM), Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.
Russia to temporarily ban foreigners from selling assets
Russia will temporarily stop foreign investors from selling Russian assets to ensure they take a considered decision, not one driven by political pressure, the prime minister said on Tuesday, as Moscow responds to intensifying Western sanctions.
Visa, Mastercard block Russian financial institutions after sanctions
U.S. payment card firms Visa Inc (V.N) and Mastercard Inc have blocked multiple Russian financial institutions from their network, complying with government sanctions imposed over Moscow’s invasion of Ukraine.
Exclusive: Nord Stream 2 owner considers insolvency after sanctions
The Swiss-based company which built the Nord Stream 2 gas pipeline from Russia to Germany is considering filing for insolvency, two sources familiar with the situation said, as it attempts to settle claims ahead of a U.S. sanction deadline for other entities to stop dealings with it.
Scotland’s digital technologies body focuses on eLearning
Commissioned from, and written by, Wendy Edie, Managing Director of Scotland’s leading digital learning and assessment developer, eCom Scotland, the White Paper advocates deploying technology-delivered learning to bring sustainability and help drive government and corporate agendas regarding upskilling, re-skilling and performance support. It argues that, while not every organisation may be ready and eager to apply such technologies as automation and artificial intelligence to its learning and development activities, every organisation needs to consider how digital learning technology can support its teams to deliver continually improving performance.
Predictions of a disruption in Russia’s energy sector, have pushed up oil prices
Analysts believe that sanctions and the migration of Western oil corporations will have an immediate impact on Russian oil production.
Bank of Ireland posts highest profit in more than a decade
Bank of Ireland (BIRG.I) on Monday posted its biggest annual profit since the global financial crisis more than a decade ago and said it plans to return of 104 million euros ($116 million) to shareholders through dividends and buybacks.
Russia’s Sberbank in Europe faces closure after savers demand money
The European arm of Sberbank (SBER.MM) , Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.
Panasonic to begin mass producing new Tesla battery by end-March 2024
Panasonic Corp (6752.T) said on Monday it will begin mass production of a new lithium-ion battery for Tesla Inc (TSLA.O) before the end of March 2024 at a plant in Japan.
