Dive Brief: Interpublic Group of Companies will suspend operations in Russia due to the ongoing war in Ukraine, CEO Philippe Krakowsky said in a note to staff that was shared on LinkedIn. It has about 200 employees in Russia, some of whom have worked for the group for decades. Krakowsky […]
pulls
HSBC pulls ‘first-time buyer’ mortgages after overwhelming demand
HSBC has withdrawn its range of 90pc mortgages after being inundated with applications from first-time buyers desperate to get on to the property ladder. The bank has struggled to cope with the spike in demand since the Government announced that stamp duty would be waived for the vast majority of purchases. The tax giveaway […]
EasyJet cuts 5,000 jobs and pulls out of Stansted, Southend and Newcastle
EasyJet said it had started consultations with staff about who would lose their jobs. Johan Lundgren, chief executive, said: “These are very difficult proposals to put forward in what is an unprecedented and difficult time for the airline and the industry as a whole. Unfortunately the lower demand environment means we […]
Russia pulls China closer with ties in space exploration and energy
MOSCOW/BEIJING — Russia is beefing up its strategic partnership with China by embarking on ambitious projects in areas such as space exploration, resource development and military support. Closer links between Moscow and Beijing could change the global geopolitical landscape in a significant way by creating a new, larger, hostile rival […]
Renault pulls out of China joint venture as auto outlook darkens
TOKYO — Renault has ended its joint venture with its Chinese carmaking partner, a day after China’s leading state-owned automaker gave an unusually bearish outlook in a sign that the country is struggling to shrug off the economic impact of the coronavirus outbreak. The move by Renault and the forecast […]
Report: Amazon pulls third-party vendors from affiliate program
Dive Brief: Amazon cut third-party vendors including Skimlinks, Sovrn and CJ Affiliate from its affiliate program, AdExchange reported citing unnamed sources. Since the beginning of April, these affiliates will not earn a commission on purchases made as a result of traffic they sent to Amazon. Previously, select vendors received a […]