Nokian Tyres of Finland made 80 percent of its tires in Russia, where energy was cheap. After losing billions, it prioritized political security over business efficiency.
Category: International Relations
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Vietnam Bans ‘Barbie’ Movie Over South China Sea Map
Greta Gerwig’s upcoming film has been banned in the country for its use of a map depicting territory that both China and Vietnam claim as their own.
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Opposition Grows to U.S. Imports of ‘Laundered’ Russian Oil
Human rights groups and Ukrainian officials want the United States to stop buying Russian crude oil that has been refined into other products in third countries like India
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War in Ukraine Takes Its Toll on the Tchaikovsky Competition
With Russia a pariah in the West since its invasion of Ukraine, this usually prestigious event is underway with far fewer international participants.
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The U.S.-China Rivalry Is Complicating the World’s Debt Crisis
Suriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It won’t be the only country.
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China’s Extreme Floods and Heat Ravage Farms and Kill Animals
China’s leader has made it a national priority to ensure the country can feed its large population. But weather shocks have disrupted wheat harvests and threatened pig and fish farming.
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North Sea Sees Potential Shift from Oil and Gas to Renewable Energies
The offshore wind industry continues to grow as nations look to change Europe’s oil and gas hub into a major source of renewable energy.
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A War-Themed Restaurant in Ukraine Finds New Resonance
A restaurant that celebrates Ukraine’s struggles in earlier wars is finding a second life in this one.
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Global Climate Economy Conference Begins in Paris
Hundreds of representatives from about 80 countries are gathering in Paris to talk about rebuilding a monetary system many say is ill-suited to a changing planet.
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China’s Cloud Computing Firms Raise Concern for U.S.
The Biden administration is exploring whether it can mount a campaign against Chinese tech giants like Alibaba and Huawei, potentially fueling tensions with Beijing.