Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Microsoft Corp. is the next US-based company to announce its withdrawal from Russia. The tech firm is canceling its business in the said country in response to the Vladimir Putin-led invasion of Ukraine.
Microsoft Corp's decision was revealed on Wednesday, June 8, and it comes almost three months since it suspended its services and product sales in Russia. According to Reuters, more than 400 workers will be affected by the company's move to end its business there.
The Redmond, Washington-headquartered firm is reducing its business in the country to a great extent, but no exact details were provided about this. With this decision, Microsoft effectively joined the growing list of major tech companies that have left or cut back on their businesses after Russia launched a series of attacks to invade Ukraine.
"As a result of the changes to the economic outlook and the impact on our business in Russia, we have made the decision to significantly scale down our operations in Russia," Microsoft stated through an email. "We will continue to fulfill our existing contractual obligations with Russian customers while the suspension of new sales remains in effect."
Before Microsoft, Apple Inc., Dell, and Nike were the latest firms to cut their operations in Russia. Tech giants, Google and Facebook, have also taken measures to keep the Russian state media under control and limit their opportunities for making money through ads on their platforms.
Bloomberg mentioned that Microsoft is working closely with hundreds of its employees that will be impacted by the suspension of business operations. The company said it will make sure that the employees "are treated with respect and have our full support during this difficult time."
Meanwhile, aside from Microsoft, IBM will also be laying off its workers in Russia as they make their move to minimize their footprints in the country due to its invasion of Ukraine. Microsoft's spokesperson further told Fox Business that it would scale down its operations because of the changes to its economic outlook and the effect on its business in the country.
