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Business
Eyeglass Maker Owner Ray-Ban Sued for Inflating Prices
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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Russian Central Bank Fears Strong Inflation and Raises Interest Rates
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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Russian Successor McDonald’s Supplies Cooking Oil for Oil Tankers
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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Russian Fine Threatens Reddit for Non-Compliance With Censorship
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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Bank of America Higher on Wall Street After Numbers
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: Not Seeking Revenge With $1 Billion Demand From Nissan
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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Newspaper: EU Investigates Bundling Teams and Office by Microsoft
Microsoft will face the first formal European Union (EU) competition investigation in fifteen years next week. This is reported by the British business newspaper Financial Times based on sources.
The investigation by the European…
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Staff at London Gatwick Airport are on Strike for Eight Days in the Summer
Holidaymakers in and to the United Kingdom should expect delays and cancellations at Gatwick Airport near London this summer holiday.
At Britain's second-largest airport, employees will strike for eight days over the next few weeks…
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