Business sentiment improved in the first quarter, though the respite may be short-lived as the survey was largely conducted before the Russian invasion of Ukraine and subsequent supply shocks globally.
The RMB/BER Business Confidence Index increased to 46 in the first quarter of 2022 from 43 in the previous three months, was driven by improvements in the vehicle, wholesale and manufacturing sectors. Sentiment among retailers and building contractors edged lower, however...
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Russia-Ukraine war: Brics bank stops doing business with RussiaThe financial institution has decided to put new transactions in Russia on hold. This is not like BRICS members decision. It's another strategy by the western countries to cause division among the BRICS members. If it's true it a big betrayal by the BRICS. Let's wait for Putin response.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
The BRICS bank set up to dilute Western influence has stopped doing business with RussiaThe New Development Bank has very little to say on its reasons, but halted all new lending to Russia. BISouthAfrica 🤣🤣🤣🤣🤣🤣 BISouthAfrica Lies, news24 propaganda expects BISouthAfrica 😅😅😅 where is MzwaneleManyi ?
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Business Maverick: Corporate Exodus From Russia Becoming a RoutNetflix, TikTok, Samsung and credit card operators have joined the lengthening list of businesses cutting ties with Russia or reviewing their operations in the country as repetitional and financial risks mount.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: McDonald’s, Coca-Cola Hit Pause on Russia Amid Rising BacklashMcDonald’s Corp., Coca-Cola Co. and Starbucks Corp. are temporarily halting business operations in Russia amid an intensifying backlash since the invasion of Ukraine started nearly two weeks ago. This can look good but if the war last longer it can push some Rasians to start alternative business and after the war they found they no longer have market
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Oil Pushes Higher After U.S. Escalates Russia Sanctions With BanOil continued its rally near $126 a barrel after President Joe Biden said the U.S. would ban the import of Russian crude, escalating efforts to hobble the nation’s economy that will further strain global energy markets.
Source: dailymaverick - 🏆 3. / 84 Read more »