Business

French luxury group LVMH will be a major sponsor of next year's Summer Olympics in Paris. It is the first time the parent company of fashion brand Louis Vuitton, among others, has co-financed an international sports competition. …
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Economic activity in the eurozone economy contracted more sharply in July. Business is terrible in the industrial sector due to falling orders and reduced production, according to preliminary figures from market researcher S&P Global.…
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EssilorLuxottica, the owner of eyewear brands Ray-Ban and Oakley and the largest eyewear company in the world, is accused of driving up the prices of its eyewear by up to 1,000 percent. That's according to a lawsuit filed by…
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The Russian central bank has raised interest rates for the first time in almost a year and a half. According to policymakers in Moscow, this step was necessary to prevent inflation from rising too fast. The key interest rate…
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The successor to McDonald's in Russia is partnering with oil company Gazprom Neft to convert used cooking and frying oil from restaurants into biofuels for oil tankers. As a result, shipping emissions must be reduced. A partnership…
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Reddit threatens to be fined for the first time by Russian authorities for failing to comply with the country's censorship laws. According to a judge in Moscow, the internet company failed to remove "prohibited messages", reports…
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On Tuesday, Bank of America was slightly higher on the New York stock exchanges. The large American bank benefited from the rise in interest rates and made more profit than expected last quarter. Bank of America spoke of the most…
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Carlos Ghosn, former CEO and chairman of Nissan, says he is not out for revenge with his lawsuit against the Japanese car manufacturer. He does want to hold those who conspired against him accountable. Ghosn demands more than $1…
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