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large multinationals plant Russia

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

BarcelonaThe Russian economy might start to falter due to international sanctions over its invasion of Ukraine and the flight of companies it has been suffering since the attack began. Credit rating agency Fitch Ratings has once more lowered its solvency rating as a long-term issuer of Russia’s sovereign debt, which goes from B to C, in the face of an “imminent” risk of default.

In its analysis, the risk rating has justified the downgrade as a result, in part, of the decree passed in Russia on March 5, which might potentially force the renaming of sovereign debt payments in foreign currency to local currency for to creditors in specific countries. In addition, Fitch points out that since the end of last week, the implementation of the regulation of the Central Bank of Russia has restricted the transfer of Russian debt coupons in local currency to non-residents.

Apart from this reduction, the country led by Vladimir Putin is suffering a flight of multinationals in protest of the war. The latest to announce its suspension of operations in Russia on Tuesday evening were Coca-Cola, its competitor Pepsi, McDonald’s and Starbucks. “Our hearts are on the people who are enduring the inconceivable effects of these tragic events in Ukraine,” Coca-Cola said in a statement.

As for McDonald’s, it is temporarily closing a total of 850 restaurants, but has assured that it will continue to pay the 62,000 employees it has in Russia. The fast food chain, which opened its first store in 1990 when the Soviet Union opened its economy to the rest of the world, has said it does not know when it will reopen, and has also admitted that it was suffering from problems. supply. McDonald’s has also closed its 108 premises in Ukraine due to the war.

Also Unilever and L’Oréal

For its part, Starbucks has closed its 100 stores in Russia, but has also decided to continue paying its employees, who number 2,000 people. Beauty product maker Unilever has also announced that it will suspend trade with Russia, as will L’Oréal, which is closing its stores and selling online in Russia, and Roca, which is lowering its six-storey shutters and where more than 3,000 people work there.

To these closures must be added those announced last week by the Inditex group with more than half a thousand stores, Puma, Mango or Prada. In addition, last weekend they also temporarily suspended all activities in the country of Putin Visa, Mastercard and American Express.

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Entertainment

Could you identify some of the great women in history?

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

Updated:

Keep

As each March 8for more than a century, the International Women’s Day. To commemorate this day from ABC we propose a small challenge to know how much you know regarding some of the most important acts carried out by women.

Engineers, astronauts, activists, scientists, even spies, but above all great women that have paved the way for us to get to where we are today.

Will you be able to correctly answer the 10 questions that we pose below? Do not think regarding it and put yourself to the test.

Hurry you just have to register to participate. Answer the questionnaire that will be active until March 8, International Women’s Day.

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Economy

In supermarkets, prices should go up

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

According to some players in the retail and food industry, their last night in February was interrupted by only a few hours of sleep. They had to close the annual trade negotiations before March 1 at midnight, and many files were still waiting to reach an agreement.

→ REREAD. Renewed tension between distributors and suppliers

It is these negotiations that set the evolution of the prices of food and consumer products on store shelves, and the contracts signed show increases that have not been achieved for many years.

Egalim 2

According to Jacques Creyssel, the general delegate of the Federation of Commerce and Distribution (FCD), the labels should take around 3% on average. “Inflation for the French will be significant this year”, pointed out the president of System U, Dominique Schelcher. A manager of a distribution brand mentions the figure of 4%. « Attention, he specifies. This is only an average, while a store can offer tens of thousands of references. »

According to Olivier Dauvers, publisher and retail specialist, these usually difficult negotiations took place this year in an even more tense climate. “For the first time, they had to take into account the contributions of the Egalim 2 law, which requires distributors and manufacturers not to be able to negotiate the prices paid to farmers, he said. As a result, distributors are negotiating hard on their other production costs in a context that had already been inflationary for several months. »

Revision clauses

Still, the signs of large distribution and their suppliers should meet around a table. “In the contracts that have been signed, there are review clauses which stipulate that if the increase in production costs reaches a certain point, also negotiated between the parties, the protagonists can discuss once more”, recalls Olivier Dauvers. It is probable that, in the event of a stalemate in the Ukrainian crisis, this will be the case.

→ ANALYSIS. Presidential 2022: unemployment eclipsed by purchasing power

This increase in consumer products might, in any case, put the question of the purchasing power of the French at the heart of the political debate.

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Entertainment

The Messi plus Messi in the mother of all reunions

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

BarcelonaLeo Messi once morest Real Madrid, but dressed for the first time in a shirt that is not Barça’s. Deunidó with the starting point this Tuesday (9 pm, Movistar Champions League) at the Parc dels Príncipes, home of the first leg of the round of 16 of the Champions League. When the ball starts rolling, maybe the spotlight will be taken by Kylian Mbappé, a likely future white player; Vinícius Júnior, emerging star of Carlo Ancelotti’s team, and Neymar, who will reappear on the pitch, with 30 years behind him, following almost three months out of action. But the undisputed prominence of the previous one is for the Argentine striker, who will be reunited with his eternal rival defending the interests of Paris Saint-Germain. This is because the French club was able to make room for its payroll last summer. Barça, on the other hand, did not take any action in this regard. Moreover, Gerard Piqué and company only agreed to have their pockets touched when Messi was already wearing the number 30 under the orders of Mauricio Pochettino.

According to his surroundings, the Catalan coach arrives at the meeting with Madrid “at the best time since he left”. When it landed in the French capital it took weeks to manage the emotional impact of being away from home. I didn’t expect it, I didn’t want it that way. Neither he nor his family adapted to living in a hotel in central Paris, in a setting more like a rock star than a footballer accustomed to hiding near the sea. That’s why he speeded up the process of renting a house on the outskirts of the city, in the same neighborhood where Ángel di María and Leandro Paredes, two teammates and a selection, live. The change of air did not translate into continuity on the turf until the end of November. In fact, between shooting and physical and mental setbacks, Messi only played in five of the first twelve Ligue 1 matches, in which he did not score goals or assist. The stability in the state competition was found in the last stretch before Christmas, with five full games in a row, although with discreet numbers (1 goal and 5 assists).

PSG did not need the best version of Messi to leave the league sentenced. Pochettino is thirteen points ahead of Olympique de Marseille. On the other hand, in the Champions League, the Argentine has performed decisively, with 5 goals in 5 games once morest rivals such as Guardiola’s Manchester City and Dani Olmo’s Leipzig. Without his contribution, the French team would have suffered more than the account to move to the round of 16, where the draw framed him first with Manchester United and then, in the valid reissue, with Madrid. Once once more, luck was on the side with PSG, the betting favorite despite their coach’s respectful speech. “This club [en referència al PSG] he has been trying to reign in Europe for fifty years and is aspiring once more. But beyond the economic effort we made in the summer, Madrid has a habit of winning. It’s not regarding being a victim, it’s regarding talking regarding realities, “said Pochettino, who has never been dedicated to the white club, which has been on his agenda several times.

Sergio Ramos, the great absentee; Benzema, chopped

In the fight to start earning a ticket to the quarterfinals, PSG will not be able to count on Sergio Ramos, an illustrious former Madrid player immersed in a real ordeal of injuries. In the Spanish team, Ancelotti will keep the doubt until the last minute of Karim Benzema, who has traveled to Paris without being 100%. Who will not negotiate his presence is Messi, who made his debut at the Parc dels Príncipes in September, arrives in February with almost the entire repertoire to be re-released and has outstanding debts with the Champions to be resolved. Despite the catastrophes accumulated in Rome, Anfield and Lisbon, he imagined himself playing it once more with Barça, the club of his life, but not for this reason he will waste the winning context offered to him in Paris to overcome the traumas of the past. . The first step towards glory, this Tuesday once morest the dreaded old Madrid, once morest whom he has played 45 times, scored 26 goals and delivered 14 assists. By this time, Casemiro is already thinking regarding how to stop Messi, who hopes to smile once more in Europe.

Manchester City, on stage once morest an inferior rival

In addition to the highlight of PSG – Real Madrid, tonight the Champions League also features one of the top contenders to win it, Pep Guardiola’s Manchester City, who travel to Lisbon to face Sporting of Portugal. The citizens, the outstanding leaders of the Premier League, have put a lot of hope in the top competition following last year they were on the verge of winning it in the final they lost once morest Chelsea. In his appearance before Tuesday’s match at the José Alvalade, Guardiola spoke regarding his future at the Etihad. “I am not like Alex Ferguson [al Manchester United]. I have a year and a half of contract left and it’s a long time. There is a great atmosphere and that always helps “, said the Santpedor coach, who is already immersed in his sixth season as a City coach.



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