Risky Russian and Ukrainian business dealings dwindle with Cypriot banks that adhere to sanctions

Risky Russian and Ukrainian business dealings dwindle with Cypriot banks that adhere to sanctions

NICOSIA, Cyprus — Cyprus banks said Friday their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to 2 billion euros ($2.17 billion) in the year after Moscow’s 2022 invasion of its neighbor as they adhered to sanctions that the U.N., the European Union, the U.S. and … Read more

Venezuela arrests five foreigners over alleged anti-government plot

Venezuela arrests five foreigners over alleged anti-government plot

Venezuelan authorities have arrested five foreign nationals in connection with an alleged anti-government plot, the latest in a wave of arrests following July’s contested presidential election. The country’s interior minister Diosdado Cabello said on Thursday that the five – three Americans, a Bolivian and a Peruvian – had engaged in a plan to destabilise the … Read more

Boohoo considers selling Karen Millen and Debenhams

Boohoo considers selling Karen Millen and Debenhams

Boohoo is planning a major restructure which could see the struggling online fashion firm sell-off its brands which include Debenhams, Karen Millen and PrettyLittleThing. The company said it was reviewing its options after concluding that its business remains “fundamentally undervalued”. While Boohoo benefitted from the surge to online shopping during the pandemic, it has subsequently … Read more