
Campari Shares Surged More Than 520% Under Retiring Veteran CEO
Spirits maker Campari saw its shares rise more than 520% under the 16-year tenure of retiring Chief Executive
1970-01-01 08:00

China Returns to Buy Winter Gas Supply in Risk to Global Balance
China is looking to stock up on liquefied natural gas for winter, returning to the spot market in
1970-01-01 08:00

German Investor Outlook Improves But Still Signals Weak Momentum
Investor confidence in Germany’s economy improved for a second month, while lingering at a level that will do
1970-01-01 08:00

European shares muted, SAP drags Germany's DAX down
By Bansari Mayur Kamdar European shares were flat on Tuesday as losses in technology stocks offset gains by
1970-01-01 08:00

Live lobsters, cases of wine and bulletproof carriages: Inside Kim Jong-un’s train to meet Putin
Kim Jong-un appears to have chosen his favoured means of transportation for his first journey outside North Korea in nearly four years – a lavishly adorned, heavily fortified and slow-moving train. Mr Kim reached Russia on Tuesday after boarding the train on Sunday. He was accompanied by top arms industry and military officials besides North Korea’s foreign minister. The green-coloured and armoured train carrying Mr Kim reached Khasan station, the main rail gateway to Russia’s far east that is about 127km south of Vladivostok, on Monday, Japan’s Kyodo news agency reported, citing an unnamed Russian official source. Vladimir Putin and Mr Kim are expected to discuss arms shipments that could aid Russia’s ongoing war in Ukraine, in a regional summit taking place in Vladivostok. The trip has happened as Russia leans closer to the east Asian country even though Washington has warned against an arms deal. Few have travelled in the North Korean leader’s private train besides the isolated country’s political elite, but pictures posted in state media depict a train full of luxuries. The train cars are painted military green on the outside and have a yellow streak across the body. The interiors are glossy white, with long tables for meetings. Other pictures also show red leather armchairs. The train has conference rooms, audience chambers and bedrooms, with satellite phones and flat-screen televisions installed for briefings. “It was possible to order any dish of Russian, Chinese, Korean, Japanese and French cuisine,” Russian official Konstantin Pulikovsky had recounted, while on a trip across Russia’s far east with Kim Jong Il in a book called Orient Express, the Washington Post had reported. The Russian official had said there were cases of Bordeaux and Burgundy wines and live lobsters. The travellers were reportedly entertained by live singers who were introduced as “lady conductors”. The train has a total of 90 rail cars, with some designed to carry vehicles as well. Reports say each carriage is bulletproof, making the train thousands of pounds heavier. The train is, hence, slow. The reduced speed of the train is frequently attributed to its substantial weight – a consequence of the additional armour incorporated into the train’s structure. Georgy Toloraya, another Russian diplomat who travelled with Kim Jong Il in 2001, said, during an examination of the train by Russian technicians, they discovered armoured sheets positioned beneath two primary railcars employed by the North Korean leader for both residential and official functions. The technicians reportedly also discovered that the railcars originated from the Soviet Union, but had undergone extensive modifications at some later date. According to a report by South Korean newspaper Chosun Ilbo, approximately 100 security agents are dispatched in advance to railway stations to conduct security sweeps for potential threats. Power is deliberately shut off at these stations to prevent other trains from departing. The report from 2009 also noted the presence of a substantial logistical support contingent, which includes Soviet-made Il-76 air force transport planes and Mi-17 helicopters. Read More North Korea’s Kim Jong-un arrives in Russia ahead of meeting with Putin – report Ukraine-Russia war – live: Kim Jong-un arrives in Russia in ‘absolute secrecy’ ahead of weapons talk with Putin Kim Jong-un heading for Russia by train ahead of weapons talks with Putin The Body in the Woods | An Independent TV Original Documentary The harrowing discovery at centre of The Independent’s new documentary
1970-01-01 08:00

Central Banks Set for Higher-for-Longer Era to Fight Inflation
The global economy is shifting toward a higher-for-longer period for interest rates, making the coming flurry of monetary
1970-01-01 08:00

Hedge Fund Boss Calls Hydrogen Bets ‘Complete Waste of Time’
Hydrogen is a losing bet for investors interested in making money in the foreseeable future, according to Barry
1970-01-01 08:00

Campari CEO Retires After 16 Years, to Be Replaced by Asia Chief
Davide Campari-Milano NV’s said Bob Kunze-Concewitz has decided to retire as chief executive office effective as of April
1970-01-01 08:00

Smurfit Kappa, WestRock Join in $11 Billion Packaging Deal
Packaging companies WestRock Co. and Smurfit Kappa Group Plc agreed to combine in an $11.2 billion deal that
1970-01-01 08:00

Dubai Apartment Prices Jump Most in a Decade as Home Boom Widens
Dubai apartment values surged by the most in nearly a decade in August, broadening a property rally that’s
1970-01-01 08:00

Romania Taps International Markets For Funding as Higher Deficit Looms
Romania raised €3.25 billion ($3.5 billion) via a two-tranche Eurobond, tapping international markets for a third time this
1970-01-01 08:00

Finland’s Watchdog Reports Banks’ Real Estate Risks Are Rising
Finland’s financial institutions face a “high level” of risks stemming from an economic downturn, with the real estate
1970-01-01 08:00