Sanctioned Russian billionaire Mikhail Fridman said oligarchs are focused on business, not power.Many Russian oligarchs have been hit with sweeping sanctions over the Ukraine war.Fridman has slammed sanctions against individuals as being unfair and ineffective.Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right […]
Business Technology
Business Technology
Sanctioned Russian oligarch Mikhail Fridman says he is ‘practically under house arrest’ and has to eat at home as his credit cards have been blocked
Russian oligarch Mikhail Fridman told Spanish newspaper El Pais he can’t go anywhere due to sanctions.The London-based billionaire has to apply to the UK government to spend money.He’s not sure if the allowance will be enough “to live a normal life without excesses,” per El Pais.Sign up for our weekday […]
First Quarter M&A Activity Rises, Despite Inflation and Supply Chain Concerns | Nasdaq
By Rusty Wiley, CEO of Datasite While the pace of some mergers and acquisition (M&A) deals may have slowed in the past few weeks to reflect a variety of factors, from investors struggling with Russia’s invasion of Ukraine and its financial fallouts and a humanitarian crisis, Q1 2022 deal volume […]
Sanctioned Russian billionaire Mikhail Fridman says ‘there is no oligarchs’ club’
Sanctioned Russian billionaire Mikhail Fridman said oligarchs are focused on business, not power.Many Russian oligarchs have been hit with sweeping sanctions over the Ukraine war.Fridman has slammed sanctions against individuals as being unfair and ineffective.Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right […]
Russian oil tankers are vanishing off the map
New York (CNN Business) Russia’s invasion of Ukraine made the country a pariah in the global energy market.Since the war started, a de facto embargo on Russian oil has emerged, with oil companies , trading houses, shippers and banks backing away, all at the same time. Gas prices are high.Oil […]
California authorities say they’ve busted a ring of professional shoplifters who stole $135,000 worth of merchandise from retailers like Macy’s, Abercrombie, and Lululemon
An alleged ring of shoplifters has been busted in California.Authorities have accused the operation of stealing from multiple retailers across the state.The group allegedly targeted stores like Macy’s, Abercrombie & Fitch, and Lululemon.Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your […]
China’s wealthy moving money to Singapore amid common prosperity push
More and more wealthy Chinese are worried about keeping their money on the mainland and some see Singapore as a safe haven.Since protests disrupted Hong Kong’s economy in 2019, affluent Chinese have looked for alternative places to store their wealth.Singapore proved attractive because of its large Mandarin Chinese-speaking community and, […]
Heineken Says Leaving Russia, Cites Nationalization Concern
Heineken is the latest Western company to announce it’s pulling out of Russia.The Dutch brewer said Monday it will stay operating in Russia until it’s offloaded its local business unit.It said it was doing so to “minimize the risk of nationalization” by the Kremlin.Sign up for our weekday newsletter, packed […]
Heineken wants to leave Russia but it’s worried the Kremlin could seize its assets
Heineken is the latest Western company to announce it’s pulling out of Russia.The Dutch brewer said Monday it will stay operating in Russia until it’s offloaded its local business unit.It said it was doing so to “minimize the risk of nationalization” by the Kremlin.Sign up for our weekday newsletter, packed […]
Russian secret service agents seized millions of dollars of Swiss luxury watches from Audemars Piguet in apparent retaliation against sanctions
Russian agents reportedly seized millions of dollars’ worth of Audemars Piguet watches in Moscow.It appeared to be in retaliation against Switzerland’s sanctions over Russia’s invasion of Ukraine.Switzerland departed from its historically neutral status to sanction Russia over the war.Sign up for our weekday newsletter, packed with original analysis, news, and […]