Bernard Arnault, CEO of French luxury brand giant LVMH, made headlines earlier this year when he pledged $327 million to help restore the Notre Dame de Paris after a devastating fire. Last week, a senior cathedral official said they have yet to receive "a cent" from Arnault or the other wealthy individuals who pledged to donate.
New Delhi (Sputnik): With the ruling Bharatiya Janata Party (BJP) Party having stayed mum in its election manifesto of 2019 on the issue of multi-brand retail, there was speculation of a major possible policy shift.
Rampant inflation and an ongoing GDP contraction continue to dog Argentine President Mauricio Macri's chances at getting re-elected this year, as his popular opponent Cristina Fernandez de Kirchner is leading a centre-left charge against his neo-liberal economic policies.
The social media-savvy astronaut published his discovery as the world prepares to celebrate the 50th anniversary of the first human landing on the lunar surface this July.
There is growing dissent between Bank of Japan (BOJ) Governor Haruhiko Kuroda and Prime Minister Shinzo Abe over the central bank's 2-per cent inflation target, as officials consider a possible policy response to the spillover effects of global trade tensions.
New Delhi (Sputnik): Trade issues will be the primary topic on the agenda for the discussion, scheduled for later this month between Indian Prime Minister Narendra Modi and US President Donald Trump at the G-20 summit on 28-29 June in Osaka, Japan.
The Indian government expects some kind of demand for concessions on data localisation and e-commerce from the US. Washington has termed India's draft national e-commerce policy, such as data localisation requirements and restrictions on cross-border data flows, as "discriminatory in nature".
Amid the restructuring, Germany’s largest lender will also reportedly reduce or entirely close equity and rates trading businesses outside continental Europe. The overhaul follows money laundering allegations, years of struggling to generate sustainable profits, and a failed attempt to create a financial behemoth by merging with Commerzbank.
Economists from the British Chambers of Commerce paint a bleak picture of UK economic growth and investment after a possible no-deal Brexit, while a KPMG survey of corporate CEOs reveals a high level of optimism spread across the UK's private sector.
A top European Central Bank (ECB) official has vowed additional stimulus in case of a slowdown in Eurozone inflation or a deterioration in economic growth, despite the concerns such measures could hurt the central bank's credibility.
The government of India has long been floating the idea of increasing duties on a number of American goods in response to Washington’s decision to slap bigger tariffs on imports of Indian steel and aluminium, worth about $1.5 billion every year.
Turkey’s Treasury and Finance Ministry has blasted a recent downgrade in the nation's sovereign credit rating by Moody's, saying the move is unfair and might make it harder for the country to re-emerge from last year's currency crash.
TEHRAN (Sputnik) - Russian-Iranian trade exceeded $1.7 billion in 2018, but the two countries have the potential to increase this indicator, Russian Minister for North Caucasus Affairs Sergei Chebotarev said on Sunday.
The day before, Reuters reported that India was preparing to impose higher tariffs on some US goods including almonds, walnuts and apples next week following Washington's withdrawal of New Delhi's key trade privileges.
The comments come amid reports that Russia and the EU have agreed to create a working group that will deal with a transition to using the rouble and euro in bilateral transactions.
DOHA (Sputnik) - Saudi Energy Minister Khalid Falih said on Saturday that it was imperative to respond "quickly and decisively" to the threat to energy supplies, following the recent attacks on two oil tankers in the Gulf of Oman.
The T-Series YouTube channel reached the stunning benchmark of 100 million unique subscribers on 29 May, outrunning Swedish vlogger and video gamer PewDiePie, whose fan base currently stands at 96.5 million people across the globe.
WASHINGTON (Sputnik) - Turkey’s long-term credit and unsecured bonds rating levels have been downgraded to B1 and (P)B1, Moody’s Investor Services announced in a statement.
MOSCOW (Sputnik) - Russia is one of the few countries that can assist Brazil in developing atomic facilities for peaceful use of atomic energy, Brazilian Ambassador to Moscow Tovar da Silva Nunes said.
CITY OF MEXICO, (Sputnik) - Mexican Foreign Minister Marcelo Ebrard said on Friday that Mexico would likely have lost the trade war with the United States that could have erupted if US President Donald Trump had made good on his threat to impose new tariffs on Mexican goods.