Posts Tagged ‘ invasion ’

Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation

Jun 17th, 2022

The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. Door and window industry executives say the increase is necessary but it is likely to test companies’ resolve. Recording-Breaking Rates The rate hike is the […]

Koch Industries to Close Glass Plants in Russia

Apr 26th, 2022

Koch Industries, the parent company of Guardian Glass, is calling for employees to shut down its two glass plants in Russia as a number of factors related to the invasion of Ukraine have made continued operations “untenable.” However, employee safety is a continued concern even with the announcement. Writing in a news release, Koch Industries’ […]

United States, EU Throw Weight Behind Sanctions

Apr 5th, 2022

Financial sanctions have dealt a “pretty significant blow” to Russia, says Isabelle Icso, director of international policy at the U.S. Chamber of Commerce in Washington, D.C. More sanctions are likely on the way courtesy of the U.S. and the European Union (EU), all while markets rile, and businesses leave to protect their profits and reputations. […]

VELUX Group Permanently Closes its Operations in Russia and Belarus

Apr 4th, 2022

VELUX Group recently announced that it has decided to permanently close its operations in Russia and Belarus. The decision follows the company’s suspension of all activities in Russia and Belarus last month in connection with the invasion of Ukraine. VELUX Group says it will exit these two markets as soon as possible. All obligations to […]

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