Porsche’s first-quarter sales declined by 5 percent as the company struggled with the resurgence of the COVID-19 pandemic in certain parts of the world and persistent supply chain issues. During the January–March 2022 period, Porsche sold 68,426 vehicles worldwide as compared to 71,986 vehicles during the same period last year, according to an April 14…
EU Approves Ban on Luxury Items to Russia in Conjunction With G-7
The European Union approved on March 14 a ban on exports to Russia as part of its fourth round of sanctions in response to Russia’s invasion of Ukraine. The new sanctions come as the United States and the other industrial nations comprising the Group of Seven—Canada, France, Germany, Italy, Japan, and the United Kingdom—along with the European…
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