Russia corporate bankruptcies soaring as sanctions starting to bite
Russian businesses are facing increasing financial distress with a record increase in the number of companies going bankrupt at the...
The Body Shop appoints administrators for UK business, with hundreds of jobs at risk
The Body Shop, which runs more than 200 shops across the UK, has gone into administration just weeks after...
Insurer Travelers grows Q4 profits on underwriting gains and lower cat losses.
In a strong finish to the year, Travelers Companies announces a significant increase in fourth-quarter profit on Friday, sending its...
Amazon wins €250M tax fight with the EU
US ecommerce giant Amazon doesn’t have to pay a €250 million euros (roughly $270 million) penalty in back taxes after...
Binance falls, pays $4.3B fines over failures to prevent money laundering
The world’s largest cryptocurrency exchange, Binance.com, has pleaded guilty to multiple federal charges and has agreed to pay over $4...
Italy judge seizes $835M from Airbnb in tax probe
Italy’s financial police on Monday seized more than $835 million from accommodation-sharing service Airbnb for alleged tax evasion, according to...
Swiss insurer Helvetia expands into UK market
Helvetia Global Solutions has received confirmation from UK regulators that its authorization to underwrite non-life insurance business in the UK...
X social platform takes on bots and spammers with new subscription business model
Social media platform X, formerly known as Twitter, has started testing a new subscription method for new users in two...
Cisco buys cybersecurity Splunk for $28 billion in cash
Cisco Systems is set to buy cybersecurity firm Splunk in a deal worth $28 billion, the company said Thursday. This...
French supermarket chain Carrefour sticks price warnings on food to shame suppliers
French grocery chain Carrefour has started to add warning labels on products that have changed due to “shrinkflation” — a...
