MOSCOW—Nissan will hand over its business in Russia to a state-owned entity for 1 euro ($0.97), taking a loss of around $687 million. The decision marks the latest costly exit from the country by a global company.

ST. PETERSBURG, Russia—Automotive assembly lines in Germany, Britain, Austria and Russia have halted production in the wake of Russia’s invasion of Ukraine.

TAIWAN—An escalated or prolonged conflict between Russia and Ukraine could negatively impact Ukraine's long-term ability to supply the raw material gases neon, argon, krypton and xenon needed for semiconductor production, according to researchers at TrendForce.