Tuesday , 16 December 2025

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Inditex shuts shops, halts its online sales in Russia

  Bloomberg Spanish fashion retailer Inditex SA is temporarily closing all its shops in Russia and halting online sales in response to the country’s invasion of Ukraine. The retailer “cannot guarantee the continuity of operations and trading conditions” in Russia, it said in a statement. Inditex has 502 stores in the country, of which 86 are its Zara brand. While …

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US airlines trim guidance over jet fuel costs

  Bloomberg US airlines counting on rejuvenated demand for spring and summer travel as the coronavirus wanes now face a new setback as Russia’s attack on Ukraine pushes jet fuel prices to multiyear highs. Carriers could reveal reductions in planned flying as they update financial guidance at industry conferences in the coming weeks, Conor Cunningham, an MKM Partners analyst, said …

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Samsung suspends shipments of phones, chips to Russia

Bloomberg Samsung Electronics Co has suspended product shipments to Russia due to current geopolitical developments, joining a growing list of companies from Apple Inc to Microsoft Corp that are halting sales and services in the country following its invasion of Ukraine. The South Korean tech giant is actively monitoring the complex situation, the company said in an emailed statement to …

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