Back in 2019, Victoria's Secret moved to cancel its annual fashion show for the first time in 2019. At the time, the lingerie brand's parent company, L Brands, said it was mulling how to "advance the positioning of the brand and best communicate that to customers."
WASHINGTON (Sputnik) - The United States and the United Kingdom have agreed not to impose tariffs for the next five years on the large aircraft businesses between their countries and to instead challenge competitors like China, the two governments announced Thursday in a move aimed at resolving the long-running Boeing-Airbus dispute, among others.
MOSCOW (Sputnik) - Chinese company ByteDance, which owns the popular social network TikTok, recorded a $45 billion net loss last year, mainly due to accounting adjustments, the Wall Street Journal reported on Thursday, citing a company memo.
Although the Biden administration is trying to reassure the EU about Washington's commitment to transatlantic values, mutual distrust and differences still persist, undermining the White House's idea of forming a united front against China, international observers say.
Joe Biden's $40 trillion Build Back Better World (B3W) does not appear to be a threat or challenge to China's comprehensive Belt and Road (B&R) plan, say international observers, suggesting that if G7 is really concerned about the well-being of third-world countries struck by COVID, it could team up with China rather than pushing a zero-sum game.
According to Huawei Finland's cyber security chief Mika Lauhde, who personally admitted to having worked 80-hour weeks with no summer vacation for years, seven-day work weeks would bolster Finland's stance against competitors.
MOSCOW (Sputnik) - SpaceX/Tesla founder and CEO Elon Musk says Tesla Inc. will resume bitcoin cryptocurrency transactions when mining is done with more clean energy.
The explosive leak of confidential IRS data revealed that in some years famous billionaires including Jeff Bezos, Elon Musk and George Soros paid no income tax.
The US slapped the Islamic Republic with crushing energy sanctions after unilaterally pulling out of the Iran nuclear deal in 2018. The US move – which also included threats of secondary sanctions against countries that continued to do business with Tehran, prompted many of the Middle Eastern nation's traditional energy customers to halt imports.
Bolivia is reviving projects that were put on pause after the November 2019 coup d'etat. Together with restarting its ambitious lithium programme, the country is continuing the construction of the Centre for Nuclear Technology Research and Development (CNTRD) in El Alto.
ST. PETERSBURG, June 10 (Sputnik), Jonathan Rowson - The recent blockage of the Suez Canal underlines the importance of developing the Northern Sea Route as an alternative means of transporting goods between Asia and Europe, Mads Qvist Frederiksen, the president of the Arctic Economic Council (AEC), told Sputnik in an interview.
JBS is a Brazilian company considered to be one of the world’s largest producers of both beef and poultry, establishing a foothold in the US, Australia, Canada, Mexico, New Zealand and the UK. However, within the US, operating as JBS USA Holdings Inc., the company is known as the top dog in the industry.
BUENOS AIRES, June 9 (Sputnik) - El Salvador's parliament has approved bitcoin as legal tender, President Nayib Bukele said.
The journalistic investigation has found that the top 25 Americans pay less in taxes than the typical worker. For instance, In recent years, the average American household earned around $70,000 per year and paid 14% in federal taxes.
The decision by Washington and Brussels to resolve all outstanding trade disputes before the end of the year comes after the European Union decided in May to waive automatic increases in tariffs on some US-made goods.
Last week, Portuguese Foreign Minister Augusto Santos Silva said that the European Union would have to discuss at length the legality of disconnecting Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) payment system before any decision on the matter could be made.
Nord Stream 2, a 745-mile-long pipeline, is set to bring Russian gas to Germany under the Baltic Sea. The US and other opponents of the project believe that it will endow Russian with geostrategic power over Europe. However, Moscow maintains that the pipeline is a purely economic project.
The $10.5 billion, 1,230 km long pipeline network – the first leg of which was completed last week, has been slapped with two rounds of US sanctions, the first of them temporarily disrupting construction. In late May, the Biden administration announced that it would partially waive restrictions on the pipeline’s operator and its CEO.
ST. PETERSBURG (Sputnik), Jonathan Rowson - The Association of European Businesses (AEB) "warmly" welcomes the apparent easing of US pressure on the Nord Stream 2 gas pipeline after the Biden administration announced that it would waive sanctions on the project, Tadzio Schilling, the AEB’s CEO, told Sputnik in an interview
Back in 2018, the US Navy awarded Boeing an $805 million contract to design, develop, test and deliver four MQ-25A Stingray drones. At the time, the service estimated that the carrier-based, unmanned aerial vehicles would achieve initial operational capability