VADIM BELYAEV’S start in business in the mid-1980s was to sell foreign watches on the black market in the Soviet Union. He became a financier, and by 2015 had transformed his bank, Otkritie, into post-Soviet Russia’s largest private lender. Named “Businessman of the Year” by a Russian magazine, he used an English term to describe […]
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ANGLERS love a record catch. Fish farmers, too. So when a salmon bred and raised near this village at the head of a Norwegian fjord was pulled out of captivity earlier this year weighing a sumo-sized 17kg, it was cause for jubilation. “It was fantastic,” says Einar Wathne, head of aquaculture at Cargill, the world’s […]
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LOFTILY as they may disdain the profit motive, Britain’s judges are, on a national level, money-spinners. English law is often specified as the one under which commercial contracts are to be interpreted and enforced. And disputes often end up being heard in British courts. But, like any business, the law is competitive, and other jurisdictions […]
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MONDAY is “Game of Thrones” night at The Collective’s Old Oak building. Millennials congregate in TV rooms around the 11-storey, 550-person block. Some gather at the cinema, lounging on bean bags decorated with old graphics from Life magazine. Nothing gets residents out of their rooms like the hit TV show. This is not a […]
Read moreBosses in France will find it easier to hire and fire staff under new reforms aimed at overhauling the country’s notoriously stringent labor market. The French government laid out 36 new measures on Thursday as part of President Emmanuel Macron‘s plans to encourage employment and business freedoms. These include greater autonomy at a workplace level, […]
Read moreArkema shares fell sharply on Thursday after two explosions were reported at its flood-hit chemical plant in Crosby, Texas. Chemicals were released into the atmosphere after Arkema’s U.S.-based complex sustained significant damage from Tropical Storm Harvey. One police officer helping to secure the site was reportedly taken to a nearby hospital after inhaling fumes, while […]
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The European Union’s chief Brexit negotiator has lamented a lack of developments in the third round of Brexit negotiations, saying that no “decisive progress” has been made on any principal subjects. Michel Barnier said Thursday that the three-day talks in Brussels with his British counterpart David Davis, and their respective delegations, had secured “useful clarification […]
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Rapid gains by the euro against the dollar are worrying a growing number of policymakers at the European Central Bank, raising the chance its asset purchases will be phased out only slowly, three sources familiar with discussions told Reuters. The scheme is due to expire at the end of 2017 but formal talks over its […]
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Euro zone inflation rose to 1.5 percent year-on-year in August, narrowly beating analyst expectations and edging slightly closer to the European Central Bank’s (ECB) target, according to flash estimates released by Eurostat on Thursday. The European Union’s statistics office projected consumer prices in the euro zone would reach its highest level in four months in […]
Read moreThe United States on Thursday flew some of its most advanced warplanes to South Korea to take part in bombing drills aimed at intimidating North Korea, after Pyongyang fired a midrange ballistic missile over Japan earlier this week, South Korea’s military said. Two U.S. B-1B supersonic bombers and four F-35 stealth fighter jets joined four […]
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