Adidas announced this week that the company would replace the company's chief in China in an effort to improve sales in the region.
On Wednesday, cryptocurrencies spiked in value, as a statement by the US Treasury Secretary Janet Yellen revealed that the US might not ban cryptocurrencies, but regulate them.
On Tuesday, Shell announced that it the company would stop purchases of Russian crude oil and cancel its involvement in the country.
This week a member of the Russian ruling party proposed the nationalization of foreign owned factories that are shutting down operations due to the ongoing war in Ukraine.
On Monday, the Swiss National Bank announced that it would intervene into the currency markets to keep the value of the Swiss Franc down. The currency has experienced recent safe haven inflows due to the war in Ukraine.
Results of a Reuters investor survey revealed this week that investor morale in the Euro Zone had plummeted from 16.6 to -7.0 points.
The Chief Executive Officer of Engie Catherine MacGregor stated on Monday that a stop of Russian energy imports would impact next winter's supplies.
During this week's trading, prices for precious metals continued to surge due to expected decrease in supply from Russia and a run to safety.
This week, various Japanese top business lobbyists announced that up to now it has been difficult to replace Russian oil imports with other sources.
NHK revealed on Friday that Panasonic Corporation intends to acquire land and construct an electric vehicle mega factory in the United States.
It has been revealed by JPMorgan that the impact of the sanctions on Russia would be close to the 1998 crisis.
Morningstar announced on March 3 that various international funds have stuck in Russian bonds and stocks nearly $60 billion.
At the start of the week's trading, crude oil price benchmarks started trading with a more than 10.00% surge. US light crude and UK's Brent oil prices reached above the $130.00 mark.
Visa has revealed that it would decrease consumer credit fees for small businesses in the US by 10%.
The rating agency S&P Global has revealed that it would decrease the rating of Russian credit to CCC- minus from BB- plus rating.
Throughout the week, the US Dollar index continued to gain value against peer currencies, as the currency reached levels not seen since the first half of 2020.
Due to the recent ongoing run to safety, the EUR/USD has declined below the 1.1000 mark, booking a low level not seen for two years.
Despite the ongoing surge of crude oil prices, downwards pressure was created during this week by the ongoing US talks with Iran. The talks caused a 2.00% decline during Thursday's trading.
During the week, prices for metals and various food products have been surging, as supplies from Russian and Ukraine were expected to be limited.
This week, the President of the Chicago Federal Reserve Charles Evans stated that the extremely high inflation in the United States creates risks for economic growth and should be addressed.
On Thursday, Nike and IKEA joined the major list of companies that would close their business in Russia due to trade restrictions.
This week, OPEC+ revealed that, despite the ongoing crude oil price surge, the organization would implement a modest production increase in April.
Ford Motor Company revealed this week that it would separate its electric vehicle and internal combustion engine businesses to be run as individual entities.
Boeing, Ford, Apple and Exxon announced on Wednesday that the companies would leave the Russian market due to sanctions set on the country.