Search Results for: Russia

The Syria conflict is into its sixth year, as are the multilateral sanctions imposed on the government in Damascus. How effective have the sanctions been, given the Syrian regime’s survival? And where may have funds from members of the regime, and those linked to it, gone?…

ICELAND’S lamb farmers are turning to marketing promoting the unique nature of their meat product to help them cope with falling local meat prices caused by overproduction and declining exports. A spokesman for the Farmers’ Association of Iceland (Bændasamtök Íslands) said a new campaign to promote the unique taste of the country’s “short-tailed special breed of sheep” abroad could make the industry viable.…

Oleg Deripaska, the Russian industrialist who is close to Russian President Vladimir Putin, plans to secure a 100% stake in Yemelyanovo airport, in Krasnoyarsk, the largest airport in central and eastern Siberia. Russian-language newspapers suggest the cost will be Russian Roubles RUB5 billion (USD83 million).…

THE RUSSIAN government has said it will ensure the construction of a third runway at Sheremetyevo International Airport, Moscow, Russia’s busiest airport, prior to the FIFA World Cup 2018, despite the project having been approved since 2009. Dmitry Peskov, press-secretary of Russia’s President Vladimir Putin, stressed that the new runway will be 3,200 metres long and 60 metres wide.…

AN INTERNATIONAL consortium of investors led by Singapore’s Changi Airport Group, the Russia-based Basic Element holding company and the Russian Direct Investment Fund (RDIF) sovereign wealth fund have agreed to acquire Vladivostok International Airport from owner JSC Sheremetyevo International Airport.

The takeover is expected to cost Russian Rubles 6 billion (USD100 million).…

WINTER sportsmen and women are busy training for the 2018 Winter Olympics in Pyeongchang, in South Korea, from next February 9 to 28 (2018), and part of their preparation will be securing the best clothing and footwear made from carefully drafted technical textiles.…

A JUDGE yesterday (January 17) approved Britain’s largest ever commercial crime enforcement action – a GBP497.25 million (USD616 million) plus interest and GBP13 million costs (USD16.1 million) deferred prosecution agreement with the UK’s Serious Fraud Office (SFO). Sir Brian Leveson, President of the Queen’s Bench division, agreed the penalty for Rolls-Royce, covering covers 12 counts of conspiracy to corrupt, false accounting and failure to prevent bribery.…

FRENCH luxury group conglomerate LVMH (Moët Hennessy Louis Vuitton) has consolidated its position in Russia by acquiring a 100% stake in Ile de Beauté, one of Russia’s leading cosmetics chains.

The deal was signed on January 16 with Igor Denisov, a Russian businessman and the founder of Ile de Beauté, which, to date, has operated the retail business together with LVMH, in the form of a joint venture.…

The Italian beauty and personal care industry has headed into 2017 with optimism, on the heels of a still slow yet solid recovery in the domestic market and the strengthening of its competitive edge in foreign markets. Although the most recent confirmed data goes back only to 2015, industry association Cosmetica Italia’s latest forecast for the sector, released in July 2016 and entitled, ‘Economic Forecasts, Trends and Investments in the Cosmetics Sector – July 2016’, gives a good idea on the 2016 year-end results we can expect from the Italian cosmetics industry.…

HONG Kong’s Securities and Futures Commission (SFC) and the Hong Kong Stock Exchange have put listed companies on notice that they will closely monitor rights issues and open offers that substantially dilute the interests of non-subscribing minority shareholders.

In a joint statement, the SFC and the exchange have said they fear in some cases deals have been conducted without complying with requirements to give fair and equal treatment to all shareholders. …