Apple Says It Has Stopped All Product Sales In Russia
The tech giant had faced pressure to curtail sales following Moscow’s invasion of Ukraine.
2 min
Apple Inc. has stopped selling iPhones and other products in Russia following the country’s invasion of Ukraine.
The Cupertino, Calif., tech giant on Tuesday said the sales halt came along with blocking the download of the state-sponsored news outlets through its App Store outside of Russia.
“We are deeply concerned about the Russian invasion of Ukraine and stand with all of the people who are suffering as a result of the violence,” Apple said Tuesday. “We are supporting humanitarian efforts, providing aid for the unfolding refugee crisis, and doing all we can to support our teams in the region.”
Silicon Valley’s big technology companies have been facing greater pressure to cut off services and content to Russia. On Friday, Ukraine’s Vice Prime Minister Mykhailo Fedorov asked Apple Chief Executive Tim Cook to stop supplying Apple products and services to Russia, including halting access to the App Store.
The App Store remained operational in Russia. During the third quarter of last year, Apple held 15% of the smartphone market in Russia behind Samsung and Xiaomi, according to researcher IDC.
Last week, Apple said, it stopped the export of its products to Russian sales channels. Apple Pay has also been limited in Russia and it also disabled traffic and live incidents from its Maps in Ukraine, the company said.
In addition to Apple, Mr. Fedorov had targeted other tech giants, including a request to Elon Musk that his rocket company Space Exploration Technologies Corp. send its Starlink satellite-based internet service to Ukraine. Mr. Musk quickly obliged.
Alphabet Inc.’s YouTube has restricted access to RT and other Russian channels in Ukraine following the request of the government there. Google also disabled its live traffic data in Ukraine on Google Maps.
Dell Technologies Inc. also moved to suspend product sales in Russia. The company said Tuesday it was monitoring the situation to determine its next steps and working to assist employees affected by the conflict.
Reprinted by permission of The Wall Street Journal, Copyright 2021 Dow Jones & Company. Inc. All Rights Reserved Worldwide. Original date of publication: March 2, 2022
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2 min
According to a recent PMI report, Qatar experienced its fastest non-energy sector growth in almost two years in June, driven by surges in both existing and new business activities.
The Purchasing Managers’ Index (PMI) headline figure for Qatar reached 55.9 in June, up from 53.6 in May, with anything above 50.0 indicating growth in business activity. Employment also grew for the 16th month in a row, and the country’s 12-month outlook remained robust.
The inflationary pressures were muted, with input prices rising only slightly since May, while prices charged for goods and services fell, according to the Qatar Financial Centre (QFC) report.
This headline figure marked the strongest improvement in business conditions in the non-energy private sector since July 2022 and was above the long-term trend.
The report noted that new incoming work expanded at the fastest rate in 13 months, with significant growth in manufacturing and construction and sharp growth in other sectors. Despite the rising demand for goods and services, companies managed to further reduce the volume of outstanding work in June.
Companies attributed positive forecasts to new branch openings, acquiring new customers, and marketing campaigns. Prices for goods and services fell for the sixth time in the past eight months as firms offered discounts to boost competitiveness and attract new customers.
Qatari financial services companies also recorded further strengthening in growth, with the Financial Services Business Activity and New Business Indexes reaching 13- and nine-month highs of 61.1 and 59.2, respectively. These levels were above the long-term trend since 2017.
Yousuf Mohamed Al-Jaida, QFC CEO, said the June PMI index was higher than in all pre-pandemic months except for October 2017, which was 56.3. “Growth has now accelerated five times in the first half of 2024 as the non-energy economy has rebounded from a moderation in the second half of 2023,” he said.
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Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
