Starbucks To Exit Russia

Fourth EstateStarbucks Outlet | N509FZ

Starbucks announced it would leave Russia after suspending all its business activities in early March. In a statement Monday, the coffee company said it would no longer have a brand presence in the Russian market. Starbucks said it would still …

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Ikea Continues to Source Russian Lumber

Fourth EstateIkea Store - Kgbo

Furniture company Ikea has continued to source Russian lumber despite its pledge to pause all imports from and exports to the country. Development Manager Purchasing at Ikea Robert Olsson confirmed to Swedish newspaper Aftonbladet that the company had not stopped …

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DJI Halts Ukraine and Russia Sales to Prevent Combat Use of Drones

Fourth EstateDJI Phantom Drone - Compudemano

Chinese technology company Da-Jiang Innovations (DJI) announced Tuesday it will temporarily suspend its business activities in Russia and Ukraine to prevent the use of drone products for combat. DJI said in a statement it has been reassessing its compliance to …

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Wimbledon Bans Russian and Belarusian Players

Fourth EstateWimbledon logo - All England Lawn Tennis Club (AELTC)

The All England Lawn Tennis Club (AELTC) announced that it was banning Russian and Belarusian tennis players including Daniil Medvedev over the Ukrainian invasion.  “We share in the universal condemnation of Russia’s illegal actions and have carefully considered the situation …

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Stripe, Alphabet, Meta, Shopify, and McKinsey Start Carbon Removal Initiative

Fourth EstateStripe, Alphabet, Meta, Shopify, and McKinsey, have launched Frontier, an 'advance market commitment' - Fourth Estate

Big tech companies Stripe, Alphabet, Meta, Shopify, and McKinsey, have launched Frontier, an ‘advance market commitment’ to accelerate the development of permanent carbon removal technologies. “With Frontier, we want to send a loud demand signal to entrepreneurs, researchers, and investors …

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UN Chief Accuses Some Governments and, Businesses of Lying on Climate Efforts

The United Nations Secretary-General accused some governments and businesses of lying about their climate efforts after the Intergovernmental Panel on Climate Change (IPCC) released its latest Sixth Assessment Report (AR6). In IPCC’s Climate Change 2022: Mitigation of Climate Change report, …

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US to Probe Credit Suisse for Allegedly Telling Investors to Destroy Oligarch Related Documents

Fourth EstateCredit Suisse signage on a building exterior in Switzerland

The House Committee on Oversight and Reform asked Credit Suisse to disclose information on the bank’s compliance with international economic sanctions against Russia after reports of destroying documents with links to Russian oligarchs. In a letter, the committee requested Credit …

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Speedo Cuts Ties with Olympic Gold Medal Swimmer Evgeny Rylov for Attending Putin Rally

Fourth EstateRussian dictator Vladimir Putin with Evgeny Rylov following the Tokyo Summer Olympics.

Speedo terminated their sponsorship contract with Russian Gold Medalist Swimmer Evgeny Rylov after he attended a pro-Putin rally in Moscow. Rylov was seen in attendance together with seven other Russian athletes at a pro-war rally in Moscow hosted by Putin …

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US, Uzbekistan Confer on Deepening Ties

The government of Uzbekistan on Monday hosted the US in the two countries’ first Strategic Partnership Dialogue meeting, in which both sides assessed bilateral and multilateral ties. The Uzbekistan Minister of Foreign Affairs, Abdulaziz Kamilov received US Department of State …

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