Putin's war is a challenge to global corporate conscience

David Brain
Sat, 28 May 2022

Putin's war is a challenge to global corporate conscience
Don't underestimate the impact of "de-arching" on ordinary Russians. (Image: Getty)
David Brain
Sat, 28 May 2022
The mid-May announcement by McDonald’s that it is selling off its entire business in Russia is the most significant move yet by the corporate world in response to Russia’s war in Ukraine.McDonald’s says, “the company expects to record a charge, which is primarily non-cash, of approximately US$1.2-1.4 billion”. Even for a business valued at US$240b that is quite a hit.But McDonald’s exit is significant because its opening in Russia 30 years ago was the most potent commercial symbol that, after years of cold wa...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.