Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
South Korea’s KOSPI Jumps Over 5% as Samsung, SK Hynix Rally on Micron Earnings Boost 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Kioxia Targets U.S. Listing as AI Chip Boom Accelerates 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
Netflix, Disney, and Sony are some of the companies in the American entertainment scene that are responding to the ongoing Russian invasion of Ukraine by cutting their services in President Vladimir-led country.
In particular, Netflix Inc. announced on Monday this week that with the situation right now, it will not be streaming state-run channels to its Russian service unit. As per Reuters, Netflix was first launched in Russia in 2020, and it is operating under the country's new Russian regulations that require it to comply with the policy to distribute state-supported channels.
However, due to the invasion attempt, the streaming giant now refuses to run those channels even if it will be breaking some of the rules set by the Russian communications regulator. Russia is one of the nations where Netflix is offering its service.
"Given the current situation, we have no plans to add these channels to our service," the company's spokesperson said in a statement.
Fox Business reported that the country's regulator called the Roskomnadzor is requiring Netflix to comply with a new requirement starting March 1, and this is to add at least 20 local news, sports and entertainment channels. Some of these channels are NTV, Channel One, and the Russian Orthodox Church-run Spas channel.
Netflix's announcement that defies the Russian streaming requirement comes after Mykhalio Fedorov, Ukraine's minister of digital transformation, sent out letters asking the company and other tech giants to make a move against the Russian Federation.
Disney and Sony will also stop releasing movies in Russia. CNN Business reported that the former is halting theatrical film release due to the invasion. It was revealed that Hollywood's largest and most influential movie studio is also working with non-governmental organization partners to extend urgent help and humanitarian assistance to Ukrainians who were displaced by the attacks in their country.
"Given the unprovoked invasion of Ukraine and the tragic humanitarian crisis, we are pausing the release of theatrical films in Russia, including the upcoming 'Turning Red' from Pixar," Disney's rep told CNN. "We will make future business decisions based on the evolving situation."
