Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
United Parcel Service Inc. and FedEx Corp. are two of the biggest parcel delivery companies in the United States and the world. Due to the ongoing Russian invasion of Ukraine, they have halted their services in Russia and Ukraine.
UPS and FedEx's announcement of service suspension came after the Russian troops advanced to the second largest city of Ukraine. On top of this, President Vladimir Putin also ordered his nuclear forces to be on high alert, which prompted countries to hand down more sanctions against Moscow.
With the latest developments in the escalating war and things are getting more dangerous, the shipping giants made the decision to stop their operations in the said countries. According to Reuters, UPS and FedEx's inbound and outbound services to Ukraine have been halted. The companies will also stop all deliveries to any locations in Russia.
As for DHL, a German logistics company that offers the same kind of services like FedEx and UPS, it was revealed to have also stopped shipments to and from Ukraine. But while it will not be servicing Ukraine for now, it was not mentioned if it also suspended its operations in Russia.
Apparently, the shipping companies are taking steps and carrying out contingency plans for their business in the countries that are currently in crisis. The Wall Street Journal reported that all packages and shipments that are already on their way to Russia and Ukraine will be returned to the sender for free whenever possible.
"Our focus is on the safety of our people, providing continued service and minimizing disruption to our customers," UPS' website's service alert notice reads. "UPS continues to closely monitor the situation and will re-establish service as soon as it is practical and safe to do so."
FedEx also posted a similar notice about the service interruption and said that the company is "closely monitoring the situation and have contingency plans in place. Meanwhile, the United States and its EU allies are imposing sanctions in an attempt to stop Russia from its invasion attacks on Ukraine. The past weekend, they have pulled out some Russian banks from the international SWIFT messaging system, so they cannot carry out financial transactions.
