Responding to Russia's attack on Ukraine and its people, Baker Hughes (BKR) said it has suspended new investments for its Russia operations. The company is continuing to comply with applicable laws and sanctions as it fulfills current contractual obligations.
"The crisis in Ukraine is of grave concern and we strongly support a diplomatic solution. We condemn violence and our hearts go out to the people and families of those impacted," said Lorenzo Simonelli, chairman & CEO of Baker Hughes.
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Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.