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Nike, IKEA close Russian stores as sanctions, trade restrictions bite

14 Sept 17:33 Key points summarised by AI

Major global companies, including Nike and IKEA, have ceased or suspended operations in Russia, citing severe supply chain disruptions, trade restrictions, and the escalating conflict in Ukraine.
Numerous other international firms, from banks like Societe Generale and Citigroup to automakers such as Toyota and Nissan, are halting business or facing substantial financial exposure due to Western sanctions.
This widespread corporate exodus is driven by practical challenges, adherence to government-imposed sanctions, and increasing political and ethical pressure, resulting in billions of dollars in potential losses for global businesses.

Yesterday 12:56 Key points summarised by AI

President Macron condemned widespread rioting and looting during nationwide protests, blaming far-left activists and criminals for the "unrestrained violence" and vowing accountability for those who "sought to bring down the Republic."
Over 2,400 arrests were made as protests against rising living costs and poor school conditions escalated, causing extensive damage to public buildings and businesses in cities like Paris, Limoges (where City Hall burned), Marseille, and Lyon.
The unrest, which organizers hoped would revive the "yellow vest" movement, saw political leaders trade blame, with Macron instructing prefects to protect public buildings and potentially ban future protests to prevent further disorder.