Jean-Charles Naouri built a French grocery empire over more than 30 years with generous helpings of borrowed money and financial engineering. It may take new management to keep it from collapsing under the weight of its debt.
Russia’s huge budget deficit shrank as spending slowed in March, even as the war in Ukraine continued to hammer the government’s revenue.
Hermes inaugurated a leather-goods manufacturing facility in Normandy as the luxury brand seeks to meet rising demand for Kelly and Constance handbags.
Israel responded with fighter jets following the most sustained barrage of rockets launched at it since 2006, bombing Hamas sites in the Gaza Strip as the confluence of Ramadan, Passover and Easter raised fears of further clashes in and around Jerusalem holy sites.
Turkey’s central bank on Friday tightened regulations deterring banks from holding foreign currency as the lira comes under pressure.
The Ethereum network is set to undergo a technical revamp on April 12 that will allow users to withdraw tens of billions of dollars of its native token, Ether. Known as the “Shanghai” upgrade, it’s a necessary step after the world’s most commercially important crypto platform shifted to a less power-hungry process for ordering transactions. Investors burned by recent turmoil in crypto markets will be wondering if, presented with their first opportunity to withdraw their tokens, some Ether holder
More than 500 major league home runs since 2010 can be attributed to global warming, according to Dartmouth researchers.
India has confronted Myanmar in recent months with intelligence showing that China is providing assistance in building a surveillance post on a remote island in the Bay of Bengal, according to Indian officials with knowledge of the matter.
BlackRock has started paying back some institutional investors whose withdrawal requests from its £3.5 billion UK Property Fund had initially been blocked, according to a person familiar with the matter.
Tesla Inc. marked down all of its vehicles again in the US after price tweaks throughout the first quarter yielded an incremental sales gain.
