Wildberries mulls launching operations in Dubai
One of Russia’s largest online retailers Wildberries is considering launching its platform in Dubai, the company’s founder and CEO Tatyana …
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Petr Aven and Mikhail Fridman to be excluded from EU sanctions lists
Today's court decision does not guarantee billionaires 100% that they will be excluded from the list of sanctions. Now it will have to be approved by the EU Council.
Bezos sells nearly 12 mln Amazon shares
Amazon executive chairman Jeff Bezos filed a statement with federal regulators indicating his sale of nearly 12 million shares of Amazon stock worth …
Russia and Africa increase trade turnover to $18 billion
Last year, Russia’s trade turnover with the African countries increased to almost $18 billion, Russian President Vladimir Putin wrote in his article, "Russia and Africa: Joining Efforts for Peace, Progress and a Successful …
Wildberries plans to expand service network in Armenia
Armenian President Vahagn Khachaturyan received executive director of Wildberries Tatiana Bakalchuk, the Armenian presidential press service reported. During the meeting, the prospects and possibilities of e-commerce development, …
Famous Italian sportswear brand becomes sponsor of FC Neftchi
FC Neftchi signed a sponsorship agreement with Errea sportswear and accessories brand for two years
Russia to extend oil production cuts by 500,000 barrels per day
Russian will extend its voluntary oil production reduction by 500,000 barrels per day from February’s average output until the end of 2023, Russian Deputy Prime Minister Alexander Novak said. "As responsible and preemptive …
Vkusvill launches food sales in UAE
Russian retailer Vkusvill has begun selling its food products in Dubai through express delivery service YallaMarket, the company said. The project was launched on a trial basis at the end of December, based on which Vkusvill decided to …
Egyptian businessmen to visit Stavropol Territory
In 2023, the Stavropol Territory will exchange business missions with Egypt. During the trips, the parties will discuss the potential for cooperation and exchange specific proposals.
Elon Musk becomes first person ever to lose $200bln
Elon Musk was the second person ever to amass a personal fortune of more than $200 billion, breaching that threshold in January 2021, months after Jeff Bezos. The Tesla Inc. chief executive officer has now achieved a …
Elopak expects to leave Russia in early 2023
Elopak expects that the transaction on the transfer of the Russian business to the local management will be completed in the first quarter of 2023, the Norwegian packaging producer said in the statement posted on the website of the Oslo Stock …
Russia to create textile clusters in Uzbekistan
Russian businessmen are exploring the possibility of creating textile clusters in Uzbekistan, Timur Islyaev, a representative of the Russian-Uzbek Business Council, co-owner of the Russian company GRT Consulting, said on the sidelines of the 2nd …
Bridgestone starts finding Russian buyer for assets in country
Japan’s producer of tires Bridgestone, which suspended the operation of its facility in Ulyanovsk and new investments in Russia in March, has started the process of finding a local buyer for its Russian assets, according to a statement …
Azerbaijan and Qatar establish business council
An agreement on the establishment of a joint Azerbaijan-Qatar Business Council was signed in Qatar between the Board Chairman Azerbaijan Small and Medium Business Development Agency (SMBDA) Orkhan Mammadov and Board Member of the Qatar Chamber of …
Ford to exit Russia after joint venture stake sale
Ford Motor Co said it would exit Russia as it has finalized a deal to sell its 49% stake in the Russia-based Sollers Ford joint venture for a "nominal" undisclosed price. The U.S. automaker took a $122 million …
Elon Musk plans to close Twitter deal by Friday
Tesla CEO Elon Musk has notified co-investors who committed to help fund his $44 billion acquisition of Twitter Inc that he plans to close his buyout of the social media firm by Friday, according to a person familiar with the …
Zara owner to sell business in Russia to Daher Group
The Spanish group Inditex, which owns the Zara and Bershka brands, will sell its business in Russia to the Daher group. This is stated in the message on the company's website. "Inditex has reached an initial agreement to sell …
Kia the latest automaker to eye exiting Russia
South Korea’s Kia Corp. sees volatility rising in Russia, and in a worst-case scenario, may shutter its business entirely, an executive said Tuesday. “If you ask me one negative factor for sales, I’d …
Germany's SAP delays Russia exit
SAP will miss its deadline to exit Russia before the end of the year as the German software group has failed to find a buyer for the unit, five sources told Reuters, underscoring the difficulties some companies are facing to leave the …
Media: Musk and Twitter seek to complete purchase of social network within a week
Tesla and SpaceX founder Elon Musk and Twitter advisers are aiming to complete a $44 billion purchase of the social network by the end of October. Bloomberg writes about this, citing sources. According to them, bankers and lawyers from …
