Tag Archives: Russia

Federal Reserve Hikes Interest Rates By 0.75% to Combat Rising Inflation

The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. The rate hike is the largest increase since 1994. This … Continue reading

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Koch Industries to Close Glass Plants in Russia

Koch Industries, the parent company of Guardian Glass, is calling for employees to shut down its two glass plants in Russia as a number of factors related to the invasion of Ukraine have made continued operations “untenable.” However, employee safety … Continue reading

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United States, EU Throw Weight Behind Sanctions

Financial sanctions have dealt a “pretty significant blow” to Russia, says Isabelle Icso, director of international policy at the U.S. Chamber of Commerce in Washington, D.C. More sanctions are likely on the way courtesy of the U.S. and the European … Continue reading

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Koch Responds: Here’s why it’s not Shutting Down its Russian Float Lines

Two weeks ago, Koch Industries president and COO Dave Robertson was criticized by a number of mainstream media outlets for stating the company was not shutting down its two Guardian Glass float lines in Russia. Robertson said, “While Guardian’s business … Continue reading

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