re Retailers adopt strategies previously exclusive to law enforcement and federal agencies By www.retailtechnologyreview.com Published On :: Thu, 13 Nov 8600 17:25:43 +0000 As AI regulations in the US have evolved to be more supportive of commercial use, retailers and malls are increasingly adopting technologies that were once the domain of law enforcement and federal agencies. This shift is driven by the need for enhanced security and operational efficiency, with many turning to advanced video analytics and facial intelligence. Full Article Surveillance and Security Data Capture Critical Issues
re Endor Labs releases report on Open Source Software Dependency Management By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 3600 17:26:56 +0000 Endor Labs, the open source software security solutions provider, has released The 2024 Dependency Management Report, which consolidates extensive original and third-party research into the current state of security in the software dependency lifecycle that represents the foundation for all application development. Full Article Surveillance and Security Critical Issues
re Almost half of UK SMBs have faced a significant business setback due to misinformation or fake reviews By www.retailtechnologyreview.com Published On :: Small and medium-sized businesses (SMBs) in the UK are facing significant challenges in today’s digital landscape, with misinformation, fake reviews and inadequate search and engagement tools putting them at a serious disadvantage compared to larger competitors. Full Article Retail Supply Chain Surveillance and Security Critical Issues
re ACDS’ cybersecurity portfolio gains competitive edge from AI-powered thoughtworks application managed services By www.retailtechnologyreview.com Published On :: Thoughtworks, the global technology consultancy that integrates strategy, design and engineering to drive digital innovation, has started a strategic partnership with UK-based cybersecurity startup Advanced Cyber Defence Systems (ACDS) by providing Thoughtworks DAMO AI-powered application managed services. Full Article Surveillance and Security Cyber Security
re 43% of data breaches target small businesses in 5 industries By www.retailtechnologyreview.com Published On :: Some industries are more vulnerable to cyber threats hence facing a high risk of experiencing data breaches or other types of cyber attacks in the future. Full Article Surveillance and Security Critical Issues
re Global survey of security pros finds 87% of organisations impacted by cyber threats they couldn’t detect or neutralise last year By www.retailtechnologyreview.com Published On :: Fri, 13 Nov 8240 17:28:37 +0000 Red Canary, the managed detection and response (MDR) provider, has released a new report, Security Operations Trends Report, providing insight into critical challenges facing modern cybersecurity teams. Partnering with independent research company Coleman Parkes, Red Canary surveyed 700 security leaders from the US, UK, New Zealand, Australia and Nordics. Full Article Surveillance and Security Critical Issues Cyber Security
re Infinigate and CYREBRO expand partnership across Europe By www.retailtechnologyreview.com Published On :: Infinigate Group, the technology platform and trusted advisor in cybersecurity, cloud and network infrastructure, has expanded its partnership with CYREBRO, an AI-native Managed Detection and Response (MDR) solution, bringing state-level SOC services to MSPs and MSSPs across Europe, through the Infinigate Cloud marketplace. Full Article Surveillance and Security Cyber Security
re 44% of CISOs fail to detect breaches By www.retailtechnologyreview.com Published On :: Sat, 13 Nov 6060 17:29:50 +0000 44% of CISOs surveyed reported they were unable to detect a data breach over the past 12 months using existing security tools, according to Gigamon. 70% of CISOs stated their existing security tools are not as effective as they could be when detecting breaches due to limited visibility. Full Article Surveillance and Security Critical Issues
re Graylog enhances SIEM with more effective threat detection By www.retailtechnologyreview.com Published On :: Fri, 13 Nov 7840 17:29:58 +0000 Graylog has unveiled significant security advancements to drive smarter, faster and more cost-efficient security operations. The company’s latest capabilities include advanced data routing, asset-based risk scoring and AI-generated investigation reports. Full Article Surveillance and Security
re In-Store Merchandising: A Key Ingredient for Retail Growth By www.retailtechnologyreview.com Published On :: Sat, 13 Nov 6410 17:27:42 +0000 By Arun Rasika Karunakaran, Retail Product Manager & Consultant,Tata Consultancy Services.Over the last decade, the number of online sales has skyrocketed. The most recent statistics show that 19.4% of normal retail sales around the world were made online. That has led to some retailers thinking that it might be time to shift most of their focus to e-retail and their online storefronts. Full Article Critical Issues Internet Retailing Retail Supply Chain
re Retail Sector - Cyber Threat Intelligence Report 2024 By www.retailtechnologyreview.com Published On :: NCC Group have just released a free CyberSecurity Threat Intelligence Report for the Retail sector as it enters its busiest spell, the "GoldenQuarter".It will help retailers manage an increasing surge in demand across their IT operations and supply chains. Full Article Critical Issues Surveillance and Security Internet Retailing Cyber Security
re Dyslexia Awareness Week: Ensuring website inclusivity in the retail sector By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 8180 17:28:37 +0000 As Dyslexia Awareness Week (07-13 October 2024) arrives this week, digital transformation specialists Sherwen Studios are advocating for retailers to reconsider how accessible their website is for users affected by dyslexia. Full Article Internet Retailing Retail Supply Chain Critical Issues
re New Forter report finds UK consumer ‘Trust Premium’ rises, but checkout friction and unfriendly policies are costing British retailers By www.retailtechnologyreview.com Published On :: Forter, the Trust Platform for digital commerce, has released findings from its 2024 Consumer Trust Premium Report, which explores the evolving relationship between consumer shopping habits and brand trust, based on 2,000 survey respondents in the US and UK. Full Article Internet Retailing Retail Supply Chain Critical Issues
re Descartes’ Study Reveals Nearly 90% of Consumers’ Sustainable Home Delivery Choices Are Impacted by Economic Pressure By www.retailtechnologyreview.com Published On :: Descartes Systems Group has released findings from its 2024 Home Delivery Sustainability Report: The Environmentally Conscious Consumer Under Pressure survey, which examined online consumer sentiment of retailers’ sustainability practices around their delivery operations. Full Article Internet Retailing Retail Supply Chain Critical Issues
re Serial returners projected to account for £6.6bn of online returns in the UK in 2024 By www.retailtechnologyreview.com Published On :: A silent crisis of ‘serial returns’ is eroding retail profit margins as uncovered in the Annual Returns Benchmark Report 2024* conducted by returns specialist ZigZag, in partnership with Retail Economics, accounting for 1 in 10 (11% of) online shoppers that make returns, are generating a quarter (24%) of all online non-food returns. Full Article Internet Retailing Retail Supply Chain Critical Issues
re Linnworks partners with Loop to streamline post-purchase experience for retailers By www.retailtechnologyreview.com Published On :: Linnworks, provider of inventory, order and warehouse management solutions for ecommerce retailers, has announced its new integration with Loop, a post-purchase platform designed to optimise returns, exchanges and reverse logistics. Full Article Internet Retailing Retail Supply Chain
re Zone Skipping vs. Traditional Shipping: What's the Difference? By www.retailtechnologyreview.com Published On :: By Jeremy Light, freelance writer.Businesses are constantly searching for innovative methods to lower costs, increase productivity, and satisfy the ever-increasing demands of their clients in today's fast changing e-commerce environment. Full Article Critical Issues Retail Supply Chain
re Sinch releases 2024 Black Friday and Cyber Monday predictions By www.retailtechnologyreview.com Published On :: Sinch, the company developing the way the world communicates through its Customer Communications Cloud, has released its predictions for the 2024 Black Friday and Cyber Monday (BF/CM) shopping season. Full Article Retail Supply Chain Internet Retailing Critical Issues Cloud Computing
re Practicality, self-care, and surprises: why deep discounts aren’t the main motivator for consumers By www.retailtechnologyreview.com Published On :: While discounts and sales events have long been associated with holiday shopping, new data from e-commerce provider Visualsoft reveals that consumers are motivated by more than just deep discounts when it comes to their seasonal and gifting purchases. Full Article Internet Retailing Retail Supply Chain Critical Issues
re Will Russia pay $50 bn to Yukos shareholders? By english.pravda.ru Published On :: Wed, 19 Feb 2020 14:10:00 +0300 Russia again owes more than $50 billion to former shareholders of the Yukos oil company after a court of appeal in the Netherlands upheld three international arbitration decisions on the lawsuits of Yukos shareholders that were brought down in 2014 in The Hague. This is the largest compensation in the history of international arbitration. The court thus agreed with the former shareholders that oil company Yukos was illegally nationalized and liquidated, while its assets were transferred to state-owned companies. Following the court decision in The Hague, the company's former shareholders will try to seize Russian property in other countries. It remains unclear, though, how long the complex process will take. The landmark decision to collect $50 billion from Russia was made in 2014 by the Permanent Court of Arbitration in The Hague. The plaintiffs in the case were three offshore companies: Hulley Enterprises Yukos Universal Veteran Petroleum, part of Group Menatep Limited. They owned 70% of Yukos and lost their money during its bankruptcy. Company founder Mikhail Khodorkovsky was not on the list of the plaintiffs. In accordance with the decision, Cyprus-based Hulley Enterprises and Yukos Universal Limited were to receive a compensation of $39.9 billion and $1.85 billion, respectively, while the Yukos Pension Fund Veteran Petroleum Ltd. - 8.2 billion dollars. In 2016, the execution of these decisions was suspended by the first instance of the Dutch court, which satisfied Russia's complaint, but now the plaintiffs will be able to resume their attempts to arrest Russian state property abroad. In turn, the Russian authorities intend to reach the Supreme Court of the Netherlands. Arresting Russian state property abroad worth $50 billion will be quite difficult Russia has the right to appeal the decision at the Supreme Court of the Netherlands, but proceedings in other countries to enforce the decisions to recover more than $50 billion may resume already now. Full Article Business
re Why do people use cryptocurrency despite all the fraud and complexity? By english.pravda.ru Published On :: Tue, 08 Sep 2020 11:33:00 +0300 With the continuous and rapid evolution of the technological era, digital currencies are gaining popularity daily. They have been gaining traction from the past half-decade. Despite the fluctuations in bitcoin and other cryptocurrencies' value, more and more people start seeing cryptocurrency as a profitable investment. For instance, if we talk about Bitcoin, one of the most popular types of cryptocurrency, it has taken over the digital currency market. If we further discuss its fame, you'll see that it is being used in some of the biggest business names around the globe, including Microsoft, Overstock, and AT&T, now accept it as a method of payment. Here, you might be thinking, why do people use cryptocurrency and cryptocurrency wallets? What are their pros and cons? Is it worth investing in cryptocurrency wallets in 2020? If you have such questions, get them answered here. But first, let us tell you about the MOST USEFUL cryptocurrency wallets. A lot of wallets are designed solely for the storage of cryptocurrencies. At a time when there was a peak in online currency exchanges and thefts, there was a need to create a wallet that will provide ultimate protection. OWNR Wallet is one of the safest bitcoin wallets to buy crypto in 2020. It helps people in keeping their digital money safe from external threats. Along with security, OWNR Wallet offers a variety of useful features for both holders and traders. Full Article Business
re USA wants to finally kill Russia's Nord Stream 2 gas project By english.pravda.ru Published On :: Tue, 20 Oct 2020 19:36:00 +0300 The US will expand sanctions against the Nord Stream 2 gas pipeline project. The sanctions will now affect companies that provide services or funding to install equipment on board the vessels that take part in the project. Such a move may permanently halt the construction of the pipeline. The news to expand the sanctions was reported on the website of the US Department of State. Similar restrictions are to be imposed on the participants of the Turkish Stream and other similar projects.The Nord Stream-2 gas pipeline provides for the construction of two sections of the gas pipeline system with a total capacity of 55 billion cubic meters of gas per year from the coast of Russia to Germany along the bottom of the Baltic Sea. Originally, the construction of the pipeline system was supposed to be completed in 2019. However, the work on the project was suspended after US Congress passed a package of sanctions against the participants of the project. The USA remains opposed to the project, claiming that it makes Europe overly dependent on Russian natural gas and increases political pressure on Ukraine, which transits natural gas further to Europe. Kiev and several countries of the European Union share the same position. "Russia uses its energy export pipelines to create national and regional dependencies on Russian energy supplies, leveraging these dependencies to expand its political, economic, and military influence, weaken European security, and undermine U.S. national security and foreign policy interests. These pipelines also reduce European energy diversification, and hence weaken European energy security," the US State Department said in a statement. Russia, Germany, Austria and a number of other countries, whose companies are involved in the construction, insist that this is nothing but a business project.In late 2019, the United States imposed sanctions on Nord Stream-2, having demanded the companies involved in the construction should immediately stop their works on the project. Allseas, a Swiss company, pulled out of the project almost at once.Representatives of Russia's natural gas monopoly, Gazprom, stated that they would be able to complete the construction of Nord Stream-2 independently. For the time being, one needs to finish the construction of the section that is 100 kilometres long. On October 17, German Foreign Minister Heiko Maas said in an interview with RND that the project would be completed. Full Article Business
re Exploring differences between bankruptcy in Russia vs. USA By english.pravda.ru Published On :: Wed, 28 Oct 2020 14:29:00 +0300 Bankruptcy isn't a topic that anyone likes to discuss. Creditors, debtors, and government officials all get a little queasy at the thought of bankruptcy, but it exists for a reason. And in many situations, it can provide relief when financial friction is heightened. But bankruptcy isn't the same in every country. Laws, rules, and stigmas differ rather significantly - particularly between Russia and the United States. The what and why of bankruptcy Bankruptcy is one of the primary methods by which control over an asset can be transferred to more capable or efficient owners in the instance of market economies. Ultimately, bankruptcy serves three distinct purposes: To solve collective action problems among creditors as they deal with insolvent debtors. To give individual debtors a chance at a "fresh start" when they're overburdened by debt. To preserve/save the financial distress firms have by reorganizing rather than liquidating. Bankruptcy is basically government-sanctioned relief that allows individuals or businesses to have debts forgiven, granted they meet specific criteria and follow certain guidelines. It plays an important role in keeping the larger economic engine hitting on all cylinders. Without bankruptcy, millions of citizens would find themselves impoverished and unable to financially recover from dire situations. Full Article Business
re Foreign companies leave Russian market one after another By english.pravda.ru Published On :: Wed, 02 Mar 2022 18:48:00 +0300 Many foreign companies, including oil and gas enterprises, are leaving the Russian market due to high risks associated with the sanctions war between Russia and the West. In addition, it will be too difficult for them to withdraw their income from Russia abroad, economist Marcel Salikhov believes. At the same time, oilfield service companies that used to work in Russia back during the days of the USSR, will stay in the country, he added, lenta.ru reports. It is up to company administrations to decide whether they want to leave the Russian market or not. The sanctions that were imposed on Russia following the military operation in Ukraine do not limit their participation in the Russian economy. Russia's response to Western sanctions may in one way or another affect the position of foreign companies in the country, especially with regard to strategic sectors of the economy. In addition, Putin banned foreign companies from withdrawing their funds abroad to parent companies. All this combined has tarnished the assets. Full Article Business
re A military cession awaits the world economy, says a leading Wall Street strategist By english.pravda.ru Published On :: Wed, 13 Apr 2022 03:26:00 +0300 Rising global commodity prices and falling economic growth around the world are the result of the decision by Biden and his European "acolytes" to declare economic war on Russia. The U. S. and the European Union announced tougher sanctions against Russia because of the "Bucha incident" without an international investigation. Nevertheless, as Pravda previously wrote, the "atrocities in Bucha" were most likely staged by the Zelensky regime. The economic war of Western civilization against Russia has in any case been declared and its goal is clear: the complete destruction of Russia, the seizure of its territories and natural resources. Most likely, the total energy blockade of Russia will only intensify, throwing the world financial markets into chaos. Full Article Business
re Foreign companies suffer a total of $70 billion in losses after they leave Russia By english.pravda.ru Published On :: Thu, 25 Aug 2022 19:04:00 +0300 The losses that American, European and Japanese companies have suffered after they left the Russian market are evaluated at tens of billions of dollars, RIA Novosti reports. Since the beginning of the special operation in Ukraine to the present, foreign companies have lost a total of $70 billion. Companies of the fuel and energy complex have suffered the biggest losses. Many companies in this sector have deconsolidated and devalued Russian assets by ceasing to report the results of their activities in the country, they have not completely stopped working in Russia. For example, the UK-based BP, having made a number of statements about its decision to withdraw from Russian projects, was forced to retain shares in local assets. According to Putin's decree from August 5, shareholders from unfriendly countries will no longer be able to make transactions with shares in companies of strategic significane, fuel and energy companies and banks without the consent of the state. In its report for the first quarter of 2022, BP depreciated Russian assets in the amount of $25.5 billion, but it did not take practical steps to exit the projects. Full Article Business
re Combatting Sweethearting: How Retailers Leverage AI to Tackle Employee Fraud By www.retailtechnologyreview.com Published On :: Retail theft in the U.S. is reaching critical levels, costing businesses around $100 billion annually. While shoplifting and various forms of employee theft are rising, a particularly challenging issue is "sweethearting." Full Article Surveillance and Security
re Ransomware surge: RansomHub dominates as Lockbit fades, new threats emerge across industries By www.retailtechnologyreview.com Published On :: Check Point Research (CPR) has released a report revealing that ransomware remains the top cyber threat. RansomHub has quickly emerged as the fastest-growing group, operating through Ransomware-as-a-Service (RaaS). Full Article Surveillance and Security Critical Issues
re No tricks: Half-term Halloween treats retailers to a +17.7% boost to UK store footfall By www.retailtechnologyreview.com Published On :: With Halloween coinciding with school half-term and the religious festival of Diwali this year, UK shoppers embraced spooky season, delivering a boost to in-store shopper traffic, the latest data from Sensormaic Solutions, the leading retail traffic consulting and analytics group from Johnson Controls, shows. Full Article Retail Supply Chain Critical Issues
re Futura forges alliance with Shipster to create end-to-end software solution By www.retailtechnologyreview.com Published On :: Shipster, a custom shipping integration platform, and Futura Retail Solutions, an advanced retail and warehouse management software, have announced a strategic partnership to target growing omni-channel retail markets. Full Article Retail Supply Chain Internet Retailing
re Strengthening the MSP portfolio: Navigating modern cybersecurity By www.retailtechnologyreview.com Published On :: By Marc Malafronte, director of sales, VIPRE Security Group.As cyberattacks increase in frequency and sophistication, businesses must prioritize cybersecurity as a critical investment area. Managed service providers (MSPs) are crucial in supporting organizations on their cybersecurity journey. Full Article Surveillance and Security Critical Issues Cyber Security
re AI on the frontline: How can retailers outsmart fraudsters in real time? By www.retailtechnologyreview.com Published On :: By Aviram Ganor, General Manager EMEA, Riskified.Retailers have plenty to keep them awake at night, whether it’s enticing consumers to shop, utdoing their competition or – most worrying of all – how to ensure their long-term survival in a rocky economy. Yet the latest insight from the British Retail Consortium offers some hope. Full Article Surveillance and Security Retail Supply Chain Critical Issues
re Rising e-commerce packaging costs and the European Union’s new Packaging & Packaging Waste Regulations (P&PWR) require careful consideration By www.retailtechnologyreview.com Published On :: By Jo Bradley, Business Development Manager at Sparck Technologies.Companies can be schizophrenic about packaging and its costs. On the one hand, product packaging is closely scrutinised – a battleground between buyers seeking to drive costs down and marketers looking for ever greater impact and ‘shelf appeal’. Full Article Internet Retailing Critical Issues Retail Supply Chain
re Uswitch broadband experts unveil the reality of online security habits By www.retailtechnologyreview.com Published On :: In recognition of Cyber Security Awareness Month, Uswitch Broadband experts set out to explore how well people are protecting themselves online. The survey uncovered common mistakes that leave people vulnerable to cyber risks, along with actionable tips on how to safeguard personal information. Full Article Surveillance and Security Critical Issues
re 5 Reasons Why You Can’t Stop Scrolling on Social Media By www.retailtechnologyreview.com Published On :: By Craig McPherson, freelance writer.Think of this. You've got a serious deadline to cover and are working on it. After one hour of work, you turn back to social media for a "state of relaxation". But guess what? You keep on scrolling your favourite social media platform for hours and end up missing the deadline. Sounds familiar, right? Full Article Critical Issues
re Black Friday Surge Puts Supply Chains to the Test: How Buffers.ai Helps Retailers Stay Ahead By www.retailtechnologyreview.com Published On :: By Kumar Abhishek,Pixelo Digital.As retailers gear up for the annual Black Friday rush this month, Supply Chain Managers, Production Planners and Inventory Managers face unique challenges in preparing for one of the busiest shopping days of the year. Full Article Internet Retailing Critical Issues Retail Supply Chain
re Threats to supply chains a top concern for 72% of FTSE 100 companies By www.retailtechnologyreview.com Published On :: 72% of FTSE 100 companies list threats to their supply chains amongst their principal risks, shows new research by supply chain management consultancy INVERTO, part of Boston Consulting Group. Full Article Retail Supply Chain Critical Issues
re Pallet Truck Shop urges retailers to get ahead of Black Friday returns By www.retailtechnologyreview.com Published On :: The 2024 festive period could be a tricky one for retailers as shoppers hunt down the best deals amidst an ongoing cost of living crisis and focus the majority of their bargain hunting on the Black Friday weekend. Full Article Retail Supply Chain Internet Retailing Critical Issues
re The convenience factor: Why social selling is crucial for the future of retail By www.retailtechnologyreview.com Published On :: By Georgia Leybourne, Chief Marketing Officer, Linnworks.Success in ecommerce and retail today hinges on consumer convenience. It is fast becoming a powerful tool in the e-commerce industry, transforming the way businesses engage with their customers and increasing sales through social commerce. Full Article Retail Supply Chain Internet Retailing Critical Issues
re Retail payroll teams struggling with seasonal hiring, but too few are leveraging technology to alleviate the burden By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 2000 17:31:40 +0000 With the holiday season fast approaching, retail payroll teams around the world are bracing for the strain of seasonal hiring. The influx of workers means added payroll runs, and yet too few are turning to technology to ease the pressure. Full Article Retail Supply Chain Critical Issues
re How logistics must evolve to support the growing demand for pre-loved fashion By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 5600 17:31:40 +0000 By Umar Butt, CEO of UK and Europe at Aramex.The pre-loved market is taking the fashion industry by storm. Reminiscent of the continued popularity of charity shops, thrift stores or vintage boutiques, the appetite for second hand clothes has been a constant for centuries, however in recent years a paradigm shift has moved this growing market into the mainstream. Full Article Retail Supply Chain Critical Issues Internet Retailing
re CrowdStrike to acquire Adaptive Shield By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 9200 17:31:40 +0000 CrowdStrike has agreed to acquire SaaS security solutions provider, Adaptive Shield. With this acquisition, CrowdStrike reports that it will be the only cybersecurity vendor to provide unified, end-to-end protection against identity-based attacks across the entire modern cloud ecosystem – from on-premises Full Article Cyber Security Cloud Computing
re Supply chain agility critical to success in biggest retail golden quarter for years By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 1200 17:31:48 -0001 Supply chain agility critical to success in biggest retail golden quarter for years. Chris Clowes, executive director at global supply chain and logistics consultancy, SCALA, discusses how the agility of supply chain and logistics operations will be critical for businesses looking to make the most of this year’s golden quarter... Full Article Retail Supply Chain Critical Issues
re Singapore’s Cyber Security Agency award Veracity Trust Network S$1 million Grant to develop and deliver AI-powered bot detection By www.retailtechnologyreview.com Published On :: Tue, 13 Nov 3900 17:31:48 +0000 Veracity Trust Network (Veracity) has been awarded the Cybersecurity Co-Innovation and Development Fund (CCDF) CyberCall grant of S$1 million by the Cyber Security Agency Singapore (CSA). Full Article Cyber Security Artificial Intelligence
re Russian billionaire: Sell dollars quickly, buy euro, yuan and gold instead By english.pravda.ru Published On :: Tue, 14 Mar 2023 16:12:00 +0300 Russians should start selling dollars and buy euros, yuan and gold instead, businessman Oleg Deripaska believes. In his recent post on Telegram, Deripaska reacted to the statement from the author of the best-selling book "Rich Dad Poor Dad" Robert Kiyosaki about the future economic crisis in the United States. Kiyosaki, who predicted the collapse of Lehman Brothers in 2008, encouraged investors to buy more gold, silver and bitcoin. In his post, Deripaska published a link to Kiyosaki's interview with Fox Business. Full Article Business
re Court orders arrest of Volkswagen's Russian assets By english.pravda.ru Published On :: Mon, 20 Mar 2023 12:42:00 +0300 The Arbitration Court of the Nizhny Novgorod region arrested all assets of German automaker Volkswagen in Russia, Interfax reports. Since March 17, Volkswagen has been banned from conducting any registration actions, such as actions to liquidate, reorganise or change the composition of participants, increase and decrease the authorized capital of the Russian subsidiary of Volkswagen and its legal entities. Volkswagen's assets in Russia ere banned following a court appeal from Russia's GAZ automobile group from March 14. The document was published in the file of arbitration cases. Full Article Business
re Austria's Raiffeisen Bank finds itself in unprecedented situation in Russia By english.pravda.ru Published On :: Thu, 30 Mar 2023 15:11:00 +0300 Austria's Raiffeisen Bank International considers selling the Russian division or withdrawing it from the structure of the group. Raiffeisen's "daughter" will continue running "certain banking activities" in Russia to maintain license. At the moment, the bank can not get rid of all of its business in Russia, but is striving for this to happen, RBI CEO Johann Strobl said. The RBI Group in Russia is represented by Raiffeisenbank, as well as leasing, insurance and management companies. The company's subdivisions employ over 9,000 people. Full Article Business
re UK's maker of Durex condoms decides not to leave Russian market By english.pravda.ru Published On :: Tue, 18 Jul 2023 16:53:00 +0300 Reckitt Benckiser, a British company that produces, among other things, Durex condoms, decided not to leave the Russian market, Baza Telegram channel said with a reference to an anonymous source. The UK-based company does not intend to either wrap up its business or transfer it to anyone. Former CEO Laxman Narasimhan, who left the company in September 2022, earlier spoke about Reckitt Benckiser's pullout from the Russian against the background of the crisis in Ukraine. Reckitt Benckiser manufactures and distributes a variety of products in more than 200 countries of the world. It is widely known for such brands as Vanish and Cilit Bang cleaning products, Nurofen pain reliever, Strepsils cough drops and Durex condoms. Full Article Business
re McDonald's restaurants in Kazakhstan reopen as 'I am Daniyar,' 'I am Yulia,' 'I am Aray' etc By english.pravda.ru Published On :: Wed, 16 Aug 2023 16:52:00 +0300 Former McDonald's restaurants in Kazakhstan have changed signs yet again. "We're Open" signs have been replaced with new "I am…" signs that contain proper names (in Kazakh language). For example, the signs of a restaurant in the city of Alma-Ata says "I am Madiyar." Other restaurants were called "I am Daniyar," I am Yulia," "I am Aray," I am Alexander," etc. Food Solutions KZ restaurant management company confirmed that the signs of former McDonald's restaurants were changed in six cities. Full Article Business
re Kremlin explains Putin's decision to cancel nationalisation of Danone By english.pravda.ru Published On :: Thu, 14 Mar 2024 15:51:00 +0300 The Russian authorities lifted temporary state management from the assets of French food giant Danone in Russia. The decision was made for reasons of expediency, Kremlin's official spokesman Dmitry Peskov said. On March 13, Russian President Vladimir Putin signed a decree to cancel the nationalisation of Danone's business and its transfer to Russia's Federal Property Management Agency. According to Peskov, all factors and conditions need to be weighed accordingly in every situation like this. Therefore, it does not mean that the Russian leadership will make similar decisions in relation to other foreign companies. Full Article Business