Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10% 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
Valentino Garavani Dies at 93, Leaving Behind the Timeless Legacy of Valentino Red 
South Korean Won Slides Despite Government Efforts to Stabilize Currency Markets 
South Korea Exports Hit Record High as Global Trade Momentum Builds 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core 
Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom 
Microsoft Corp. is the next US-based company to announce its withdrawal from Russia. The tech firm is canceling its business in the said country in response to the Vladimir Putin-led invasion of Ukraine.
Microsoft Corp's decision was revealed on Wednesday, June 8, and it comes almost three months since it suspended its services and product sales in Russia. According to Reuters, more than 400 workers will be affected by the company's move to end its business there.
The Redmond, Washington-headquartered firm is reducing its business in the country to a great extent, but no exact details were provided about this. With this decision, Microsoft effectively joined the growing list of major tech companies that have left or cut back on their businesses after Russia launched a series of attacks to invade Ukraine.
"As a result of the changes to the economic outlook and the impact on our business in Russia, we have made the decision to significantly scale down our operations in Russia," Microsoft stated through an email. "We will continue to fulfill our existing contractual obligations with Russian customers while the suspension of new sales remains in effect."
Before Microsoft, Apple Inc., Dell, and Nike were the latest firms to cut their operations in Russia. Tech giants, Google and Facebook, have also taken measures to keep the Russian state media under control and limit their opportunities for making money through ads on their platforms.
Bloomberg mentioned that Microsoft is working closely with hundreds of its employees that will be impacted by the suspension of business operations. The company said it will make sure that the employees "are treated with respect and have our full support during this difficult time."
Meanwhile, aside from Microsoft, IBM will also be laying off its workers in Russia as they make their move to minimize their footprints in the country due to its invasion of Ukraine. Microsoft's spokesperson further told Fox Business that it would scale down its operations because of the changes to its economic outlook and the effect on its business in the country.
