List of All Articles with Tag 'd'

The former teen idol Zac Efron is riding a skateboard, and then he’s dressed for some reason in

French prosecutors have launched an investigation into a billionaire who is the world’s second-richest person over his links to a Russian oligarch. Bernard Arnault, co-founder and chief executive of luxury-goods group Louis Vuitton (LVMH), is being investigated amid allegations of money-laundering. The Paris public prosecutor’s office says it is investigating financial transactions involving the French billionaire and businessman Nikolai Sarkisov. Mr Arnault’s spokesperson declined to comment. The inquiry is centred on property purchase in Courchevel, a ski resort in the French Alps known for being a playground for the ultra-rich, the prosecutors said. Mr Sarkisov acquired property there via a transaction in which Mr Arnault, through one of his companies, had provided a loan, according to French daily paper Le Monde, citing the Tracfin financial-intelligence unit. It said the 55-year old Russian billionaire had acquired 14 housing units from a single seller in 2018 for €16m (£13.9m) in a complex deal involving companies based in France, Luxembourg and Cyprus. Tracfin, part of the French justice system focused on combating money-laundering, has yet to determine whether any crime had been committed, a source close to the investigation said. Mr Arnault’s LVMH group owns handbag brand Louis Vuitton, Moët champagne, Hennessy cognac, the jeweller Tiffany’s and the watchmaker Tag Heuer, among many others. His fortune is thought to be worth $164bn (£134bn), according to financial experts at Bloomberg. Mr Sarkisov’s RESO-Garantia insurance company in Moscow could not be immediately reached for comment. Le Monde cited a person close to Mr Arnault as saying the transaction had been carried out in full respect of French law. In 2019, the French tycoon, who is the richest person in Europe and second-richest after Elon Musk, pledged 200 million euros (£173m) for the restoration of Notre Dame after it was devastated by fire. Breaking news: more follows Read More First Abrams tanks arrive from US in boost for Kyiv – live Europe sweeps opening session in Ryder Cup to put USA in 4-0 hole Putin recruits former Wagner commander ‘Grey Hair’ Troshev First Abrams tanks arrive from US in boost for Kyiv – live Europe sweeps opening session in Ryder Cup to put USA in 4-0 hole Putin recruits former Wagner commander ‘Grey Hair’ Troshev

India, the world’s biggest rice exporter, is considering to cut the floor price for basmati shipments to make

OTTAWA Canada's economy stalled in July as the manufacturing sector posted its biggest decline for more than two

The Federal Reserve's preferred inflation gauge showed price increases cooled considerably last month, according to new Commerce Department data released Friday that also showed a slowdown in consumer spending.

Blue Apron shares soared more than 130% Friday after the once-hot meal kit delivery service announced it was being acquired.

The sharp rise comers as more than two-thirds of the region's ethnic Armenians have left for Armenia.

The Detroit Lions torched the Green Bay Packers at Lambeau Field last night to assume control of the NFC North. They now sit at 3-1 and appear to be serious con

Baylee Holbrook, 16, and her father were struck in a Florida thunderstorm and she died two days later.

Kenya Electricity Generating Co., the East African nation’s main power producer, plans a 1,000 megawatt wind farm that

Looking for some Friday night football? We've got you covered! Check out the exciting matchups and make your plans for the game.

Tuxedo Labs CEO Marcus Dawson has teased the launch of 'Teardown'.