Instagram Outage Disrupts Thousands of U.S. Users 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
PepsiCo Inc. officially halted the production of its carbonated beverage brands, including Pepsi, Mountain Dew, and 7UP, in Russia. The decision came almost six months after the company promised to stop the sales and manufacturing of its products after Vladimir Putin ordered the invasion of Ukraine in late February this year.
According to Reuters, Pepsico made the announcement after the publication saw many supermarkets, retailers, gyms, and other places in Moscow with cans and bottles of Pepsi beverages bearing the production dates of July and August. Apparently, these were produced in Pepsico's Russian factories.
Reuters further shared that it saw first-hand that the Pepsi products in Russia were produced very recently, and the latest was dated Aug. 17. After the discovery, the American multinational food, snack, and beverage firm sent a statement to the publication. Pepsico informed Reuters that it had already stopped producing concentrates for the production of 7UP, Mirinda, Pepsi Cola, and Mountain Dew in Russia.
In a statement sent to the publication on Sept. 8, PepsiCo's spokesman said, "All concentrates have subsequently been exhausted in Russia and production has ended." It was noted that this short remark was the company's first public comment after stating in March that it would suspend its business activities, including production in the country.
"As many of you know, we have been operating in Russia for more than 60 years, and we have a place in many Russian homes. Pepsi-Cola entered the market at the height of the Cold War and helped create common ground between the United States and the Soviet Union," PepsiCo's chief executive officer, Ramon Laguarta, wrote in a message that was sent to the company's associates at that time.
He added, "However, given the horrific events occurring in Ukraine we are announcing the suspension of the sale of Pepsi-Cola, and our global beverage brands in Russia, including 7Up and Mirinda. We will also be suspending capital investments and all advertising and promotional activities in Russia."
Meanwhile, the spokesperson said that the decision to halt the production is in line with the statements the company gave in March. However, he declined to comment about the sales, and these were halted as well.
