One of the world’s largest tobacco manufacturers, Philip Morris International (PMI), said on Wednesday it was reducing production volumes and suspending planned investments in Russia amid ongoing supply chain disruptions and a changing regulatory framework.

Major chip producers that join sanctions likely to face crucial parts shortage themselves The ban on technology exports to Russia, in response to the war in Ukraine, could backfire on global manufacturers of computer processors and semiconductors, as many crucial components for their production are made exclusively in Russia, an industry expert has warned.

A trade association’s chief said rising costs were forcing many plants to cease operation for now The armed conflict between Russia and Ukraine is having a ripple effect on paper, cardboard, and paper pulp manufacturers in Italy, with more and more plants forced to halt production due to rising energy prices. Lorenzo Poli, chief of…