Nike has announced it is permanently ending operations in Russia, joining a list of growing companies doing so in response to the country's invasion of Ukraine.

- Another story that we're keeping our eye on today, Nike making a full exit out of Russia three months after suspending its operations there. In a statement, the company stressed the importance of supporting employees while, quote, "responsibly scaling down operations over the coming months," end quote. Now, Nike gets less than 1% of its revenue from Ukraine and Russia combined. We should note that McDonald's, Google, and a number of other Western brands have also left Russia in recent months.

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SYDNEY (Reuters) -Goldman Sachs Group Inc appointed Australia's former Treasurer Josh Frydenberg as the bank's senior regional adviser for the Asia Pacific region on Thursday. Frydenberg became one of the highest-ranking cabinet ministers to ever be voted out of parliament this year when he was ousted by independent Monique Ryan, a pediatric neurologist running for office for the first time, during elections in May. The appointment came after the investment bank approached Frydenberg following his election defeat, according to Simon Rothery, Goldman Sachs Australia chief executive.

Watch FP's Stephanie Hughes explain what the latest inflation reading means to Canadians

Hyundai Motor Co, factory robot builder ABB and Swedish fridge maker Electrolux see the semi-conductor chip shortage easing, executives said Thursday, in a boost for manufacturers after a long struggle for components. An increased supply of chips will reduce one burden facing an industry that is also battling raw material price inflation, a tight energy market and rising interest rates that are throwing a dampener on consumer demand. Hyundai turned in its best quarterly profit in eight years on Thursday as a weak won currency lifted the value of its earnings abroad and demand stayed strong for the South Korean automaker's high-margin sport utility vehicles (SUVs).

ZURICH (Reuters) -ABB gave an upbeat assessment on Thursday about the remainder of 2022 after the Swiss engineering company reported a 20% increase in orders during its second quarter and said its supply chain problems were easing. Chief Executive Bjorn Rosengren said he expected "good momentum" in the second half of the year after the maker of industrial robots and motors reported higher demand from all regions and businesses during the second quarter. "Overall, the supply chain constraints slightly eased compared with the previous quarter," Rosengren said in a statement.

(Reuters) -Top U.S. auto retailer AutoNation Inc on Thursday missed Wall Street estimates for second-quarter revenue, hit by a steep decline in new vehicle sales as strained global supply chains made it harder to replenish depleted inventories. While sales and orders for higher-priced new and used vehicles remains strong, AutoNation began to see "some weakening in demand" for used vehicles priced below $20,000 to $25,000, Chief Executive Mike Manley told Reuters in an interview. AutoNation reported that revenue from new vehicle sales tumbled 14% from a year earlier.

The Good Shroom Co Inc. (the "Company" or "MUSH") (TSXV: MUSH), to list its Teonan™ products in another key retailer.

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Some investors are still pondering over Cineplex (TSX:CGX) as an investment. Here's a look at whether now is the time to invest. The post New Investors: Still Pondering Cineplex (TSX:CGX)? appeared first on The Motley Fool Canada.

Trip.com, the global travel service provider, has been named the 10th most downloaded OTA app globally in the first half of 2022 by leading app analysis firm Apptopia. The announcement comes as Trip.com continues to expand worldwide with its all-in-one app-first offering.

The European Central Bank raised its interest rates for the first time since 2011 on Thursday and unveiled a new bond-buying programme to keep borrowing costs in check for the euro zone's most indebted countries. The ECB raised its deposit rate by 50 basis points to zero, or twice as much as it had indicated after its previous meeting, in an effort to curb record-high inflation in the euro zone. It also raised the rate on its weekly and daily cash auctions by 50 basis points to 0.50% and 0.75% respectively, and signalled that further increases in its three rates were likely to come this year.

LUVERNE, Alabama (Reuters) -A subsidiary of Hyundai Motor Co has used child labor at a plant that supplies parts for the Korean carmaker's assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers, and eight former and current employees of the factory. Underage workers, in some cases as young as 12, have recently worked at a metal stamping plant operated by SMART Alabama LLC, these people said. SMART, listed by Hyundai in corporate filings as a majority-owned unit, supplies parts for some of the most popular cars and SUVs built by the automaker in Montgomery, its flagship U.S. assembly plant.

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Canada's antitrust agency said on Friday it needs more time to investigate the concession offered by Rogers Communications Inc to allay competition concerns over its proposed C$20 billion ($15.5 billion) takeover of Shaw Communications Inc's, a move that Rogers swiftly opposed. Rogers has agreed to sell Freedom Mobile to Quebecor Inc to overcome competition bureau's objection to the Shaw deal. The antitrust bureau has blocked Rogers' proposed takeover of Shaw arguing it would lessen competition in a country where consumers pay among the highest telecoms bills in the world.

WASHINGTON (AP) — President Joe Biden said on Wednesday that U.S. military officials believe it's “not a good idea” for House Speaker Nancy Pelosi to visit Taiwan at the moment. Biden's comments in an exchange with reporters came a day after the Chinese Foreign Ministry said it would take “resolute and strong measures” should Pelosi proceed with reported plans to visit Taiwan in the coming weeks. “Well, I think that the military thinks it’s not a good idea right now," Biden said in response to a

CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used end a pregnancy. A spokesman said Thursday that the drugstore chain recently started doing this for methotrexate and misoprostol, two drugs used in medication abortions but also to treat other conditions. Spokesman Mike DeAngelis said the policy started the first week in July in Alabama, Arkansas, Idaho, Oklahoma, and Texas. The drugstore chain’s request comes after the U.S. Su

A new European Central Bank tool to shield indebted states from soaring borrowing costs failed to impress investors on Thursday, with many worried about a lack of detail and conditions that could make it tough for the likes of Italy to use. Unveiled alongside its first interest rate hike in 11 years, under the Transmission Protection Instrument (TPI), the ECB will buy bonds from countries whose borrowing costs relative to Germany it sees as soaring through no fault of their own. For markets, the most pressing need for the TPI is Italy, which this week saw the collapse of its government after Prime Minister Mario Draghi resigned, putting the second most-indebted euro zone member on course for early elections.

WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) is working to get some cryptolending companies properly registered if they operate more as investment firms, the head of the Wall Street regulator told CNBC in an interview on Thursday. SEC Chair Gary Gensler also said it was up to large financial institutions to decide whether they want to include crypto options in their portfolios for clients, but that the risks of crypto tokens need to be made public. Cryptocurrency companies have said they remain unsure of U.S. regulations governing products that allow customers to earn interest on holdings instead of trading them.

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Today the SOCAN Foundation, part of the SOCAN Group of companies, has announced the participants for the fourth edition of the TD Incubator for Creative Entrepreneurship. The incubator program provides emerging music creators with seed funding, mentorship, and the opportunity to participate in a progressive webinar series that will hone their entrepreneurship skills while providing them with the tools and resources needed to turn their talent into a sustainable career. The incubator is made poss