Latest

Gautam Adani: the Indian tycoon weathering stock market panic
Gautam Adani: the Indian tycoon weathering stock market panic
Business and Economy
by  AFP

Indian industrialist Gautam Adani is Asia's richest man, with a business empire spanning coal, airports, cement and media now rocked by corporate fraud allegations and a stock market crash. Adani Group has lost upwards of $45 billion in market cap since the report's release, and its legal chief announced Thursday that it was exploring punitive action against Hindenburg in US and Indian courts.

H&M in the red after Russia exit, soaring costs
H&M in the red after Russia exit, soaring costs
Business and Economy
by  AFP

H&M reported Friday a big drop in profits in 2022, with a surprise loss in the fourth quarter as the Swedish fashion retailer exited Russia and faced soaring production costs. The withdrawal from Russia and a cost-cutting programme cost H&M almost 2.6 billion Swedish kronor ($252 million) in 2022.