Major clothing brand explains why it’s staying in Russia

Companies choosing not to leave the Russian market amid the ongoing offensive in Ukraine are facing backlash Leading Japanese clothing brand Uniqlo will continue to operate in Russia. The owner says Russians have “the same right to live” as other people, as dozens of other international companies are rushing to leave the country in protest…

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European gas prices hit new all-time high

Gas prices in Europe skyrocketed on Monday, reaching over $3,900 per 1,000 cubic meters for the first time in history. The April futures at the TTF hub in the Netherlands soared to $3,899 per 1,000 cubic meters, or nearly $374 per megawatt-hour in household terms by 10:00 GMT, according to data from London’s ICE exchange.

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Bank of Russia resumes gold buying amid sanctions

The regulator stopped purchasing the precious metal when prices spiked at the onset of the Covid-19 pandemic The Central Bank of Russia announced it is resuming purchases of gold on the domestic market after a two-year pause. The move comes after the regulator and several of the country’s major banks fell under Western sanctions amid…

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