Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
U.S. Transportation Board Sends Union Pacific–Norfolk Southern Merger Back for Revision 
Saks Global Files for Bankruptcy Protection Amid Mounting Luxury Retail Pressures 
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry 
Rio Tinto and BHP Agree to Explore Major Iron Ore Collaboration in Pilbara 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
One Percent Rule Checklist For Safer Forex Trading Risk 
Trump Delays Tariff Increases on Furniture and Cabinets for One More Year 
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions 
Asian Stock Markets Start New Year Higher as Tech and AI Shares Drive Gains 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment 
Carlsberg, Nestle, and Coca-Cola are just some of the multinational companies that have closed down their operations in Ukraine as Russia has started attacking the country with the goal of invasion.
According to Reuters, Carlsberg, a Danish brewer, suspended the operations at two of its breweries located in Kyiv and the southern city of Zaporizhzhya. The Russians are slowly advancing to Ukraine, and the conflict is apparently escalating quickly; thus, the closure of the facilities is called for at this moment.
It was noted that Carlsberg is Ukraine's second-largest brewer with a 31% market share. It will not have to suspend the business since the safety of its employees is also at risk. The brewery company's spokesperson affirmed that their main aim for the move is the welfare of their workers in the country.
"We have stopped production at our breweries in Zaporizhzhya and Kyiv and have informed our employees to stay at home and follow the instructions of the Ukrainian authorities," Carlsberg's spokesperson said.
In any case, with the ongoing war in Ukraine, other companies are also taking action to protect their employees and operations in the territory. Their responses to the crisis are the same and in fact, Coca-Cola, Mondelez, Anheuser-Busch InBev NV, Nestle, and Philip Morris have also halted their productions and sales and sent their workers home, as per Bloomberg.
Mondelez International, the producer of Chips Ahoy, Oreo chocolate cookies, and many other popular snacks, is formulating a plan to protect its business and 4,300 employees. Its CEO, Dirk Van de Put, said that it would shutter its factories if the situation gets too dangerous.
Meanwhile, as for Nestle, which has 5,000 workers in Ukraine, it has already temporarily shut down its facilities, including warehouses, production plants, and supply chain. It has also asked its workforce to stay home amid the chaos.
"At this time, all our colleagues are safe and we remain in constant contact with them and are doing everything we can to prioritize their safety, adapting our plans in line with the changing environment," CNN Business quoted Nestle as saying in a statement. "We remain committed to continuing to serve the local people and have contingency plans in place to ensure we can restart the supply of our products as soon as safe conditions allow."
