RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Sam Altman Reaffirms OpenAI’s Long-Term Commitment to NVIDIA Amid Chip Report 
Tesla Launches New Model Y Variant in the US Starting at $41,990 
Trump Threatens Aircraft Tariffs as U.S.-Canada Jet Certification Dispute Escalates 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
SpaceX Seeks FCC Approval for Massive Solar-Powered Satellite Network to Support AI Data Centers 
Bob Iger Plans Early Exit as Disney Board Prepares CEO Succession Vote 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
American Airlines Plans Return to Venezuela Flights After U.S. Lifts Ban 
Starmer’s China Visit Highlights Western Balancing Act Amid U.S.-China Rivalry 
South Korea Inflation Hits Five-Month Low as CPI Reaches Central Bank Target 
Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Jensen Huang Urges Taiwan Suppliers to Boost AI Chip Production Amid Surging Demand 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Mondelez International, Inc., renowned for products like Oreo and Toblerone, grapples with an escalating boycott in Norway due to its ongoing operations in Russia as major companies and brands pull its products.
As a result, the company's products are being boycotted in the region. Major brands and companies are starting to remove Mondelez's products, including Oreo and Toblerone, from their establishments.
According to Reuters, some of the groups that have already stopped selling the Chicago-based food company's brands include Norwegian Airlines, Airlines SAS (Scandinavian Airlines), SJ railway group, Fjord Line shipping company, Strawberry hotel chain, Elkjop retail chain, and the Norwegian Football Association.
The said companies announced they would no longer add Mondelez products to their outlets. This development is a big blow to the company because it typically has a strong presence in Norway and Sweden.
Now, with the growing corporate boycott in the region, the company is worried about its business, and this is why the company requested a meeting with the Norwegian government. Mondelez International's main goal for the conference is to protect its local business as more and more firms are joining the boycott in the Nordic region.
At any rate, Sky News reported that many Western companies already abandoned their business and other assets in Russia after the invasion of Ukraine. They have sold their assets as a way of showing their condemnation of the attacks, and while hundreds have already withdrawn their businesses there, Mondelez is one of the companies that have chosen to stay, and now groups are criticizing it for never leaving amid the ongoing war.
Meanwhile, Nordic groups and firms confirmed that their decision to remove Mondelez products from their establishments was based on the recent announcement by Ukraine's National Agency for the Prevention of Corruption, asking people to blacklist the food manufacturer and other companies that continue to operate in Russia.
Photo by: No Revisions/Unsplash
