Coca-Cola, McDonald’s, Starbucks join Russia business boycott

Coca-Cola, McDonald’s and Starbucks have joined a growing list of multinationals suspending operations in Russia. (Reuters/File Photos)
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Updated 10 March 2022
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Coca-Cola, McDonald’s, Starbucks join Russia business boycott

  • List of multinationals suspending operations grows amid mounting online pressure over invasion of Ukraine

DUBAI: Coca-Cola, PepsiCo, McDonald’s and Starbucks have joined a growing list of multinationals suspending operations in Russia over its invasion of Ukraine.

Since last weekend, the hashtags #BoycottCocaCola and #BoycottPepsi have been trending on social media, with online activists calling for people to shun the brands.

In an email later published on the McDonald’s website, CEO Chris Kempczinski said: “Working closely in consultation with our Chairman, Rick Hernandez, and the rest of McDonald’s board of directors over the last week, McDonald’s has decided to temporarily close all our restaurants in Russia and pause all operations in the market.”

The company will continue to pay the salaries of all employees in Russia, he said.

Hours later, Coca-Cola followed suit, announcing the suspension of its business operations in Russia.

Other brands, including Starbucks and dating app Bumble, have also stopped operating in the country. The latter said that it will remove all of its apps from the Apple App Store and Google Play Store in Russia and Belarus.

In a statement, the company said the combined revenue from Russia, Ukraine and Belarus made up about 2.8 percent of total annual revenue in 2021.

Bumble said it is expecting a loss of about $2 million of revenue from Russia, Ukraine and Belarus in the first quarter of 2022 “due to the conflict and the company’s subsequent decision to remove all of its apps from the Apple App Store and Google Play Store in Russia and Belarus.”

Firms such as Universal Media Group and Warner Media have also stopped any investment or operations in Russia.

According to Variety, Warner Media CEO Jason Kilar told employees the company is halting all new business in the country, and will not broadcast its channels, license content from Russian entities, or release movies or games there.

Disney, Warner Bros, and Sony Music have also suspended upcoming cinema releases in Russia.

A survey by business intelligence company Morning Consult that found more than 75 percent of Americans believe corporations should cut business ties with Russia over its invasion of Ukraine.

Yale professor Jeffrey Sonnenfeld and his research team at the Yale Chief Executive Leadership Institute have compiled a list of businesses that have chosen to stay open in Russia and those that have shut up shop.

The list is updated daily and the number of businesses that have shuttered operations in Russia has risen from 280 to 300 in one day.


WEF report spotlights real-world AI adoption across industries

Updated 19 January 2026
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WEF report spotlights real-world AI adoption across industries

DUBAI: A new report by the World Economic Forum, released Monday, highlights companies across more than 30 countries and 20 industries that are using artificial intelligence to deliver real-world impact.

Developed in partnership with Accenture, “Proof over Promise: Insights on Real-World AI Adoption from 2025 MINDS Organizations” draws on insights from two cohorts of MINDS (Meaningful, Intelligent, Novel, Deployable Solutions), a WEF initiative focused on AI solutions that have moved beyond pilot phases to deliver measurable performance gains.

As part of its AI Global Alliance, the WEF launched the MINDS program in 2025, announcing its first cohort that year and a second cohort this week. Cohorts are selected through an evaluation process led by the WEF’s Impact Council — an independent group of experts — with applications open to public- and private-sector organizations across industries.

The report found a widening gap between organizations that have successfully scaled AI and those still struggling, while underscoring how this divide can be bridged through real-world case studies.

Based on these case studies and interviews with selected MINDS organizations, the report identified five key insights distinguishing successful AI adopters from others.

It found that leading organizations are moving away from isolated, tactical uses of AI and instead embedding it as a strategic, enterprise-wide capability.

The second insight centers on people, with AI increasingly designed to complement human expertise through closer collaboration, rather than replace it.

The other insights focus on the systems needed to scale AI effectively, including strengthening data foundations and strategic data sources, as well as moving away from fragmented technologies toward unified AI platforms.

Lastly, the report underscores the need for responsible AI, with organizations strengthening governance, safeguards and human oversight as automated decision-making becomes more widespread.

Stephan Mergenthaler, managing director and chief technology officer at the WEF, said: “AI offers extraordinary potential, yet many organizations remain unsure about how to realize it.

“The selected use cases show what is possible when ambition is translated into operational transformation and our new report provides a practical guide to help others follow the path these leaders have set.”

Among the examples cited in the report is a pilot led by the Saudi Ministry of Health in partnership with AmplifAI, which used AI-enabled thermal imaging to support early detection of diabetic foot conditions.

The initiative reduced clinician time by up to 90 percent, cut treatment costs by as much as 80 percent, and delivered a 10 time increase in screening capacity. Following clinical trials, the solution has been approved by regulatory authorities in Saudi Arabia, the UAE and Bahrain.

The report also points to work by Fujitsu, which deployed AI across its supply chain to improve inventory management. The rollout helped cut inventory-related costs by $15 million, reduce excess stock by $20 million and halve operational headcount.

In India, Tech Mahindra scaled multilingual large language models capable of handling 3.8 million monthly queries with 92 percent accuracy, enabling more inclusive access to digital services across markets in the Global South.

“Trusted, advanced AI can transform businesses, but it requires organizing data and processes to achieve the best of technology and — this is key — it also requires human ingenuity to maximize returns on AI investments,” said Manish Sharma, chief strategy and services officer at Accenture.