In addition, the national airline of Cuba will stop flying to the Caribbean and Venezuela. Washington tightened measures regarding the export and re-export of a number of products to Cuba. They also affected the leasing of aircraft and ships, telecommunications equipment and donations. In addition, all licenses previously issued to state Cuban carriers for leasing aircraft and ships will be...

American retailer Macy's Inc. announced that it would completely abandon the sale of natural fur products by the end of fiscal year 2020. This decision will affect both Macy's and Bloomingdale's stores and the company's discount chains, according to the press release. At the same time, Macy's will close all of its fur stores and salons. "Over the past two years, we have been closely following...

After 13 years serving to the company, Nike CEO Mark Parker will leave this post, according to a press release published on the company's official website. He will be replaced by John Donahoe, who has been a member of the Nike board of directors since 2014. He is also President and CEO of ServiceNow, a global leader in cloud ITSM platform manufacturers, as well as Chairman of PayPal Holdings....

US-Japanese company GE Hitachi (GEH) and Polish company Synthos have signed a protocol of intent to deploy the BWRX-300 small modular nuclear reactor in Poland, which will be the first industrial reactor in the country, follows from GEH press release. "The BWRX-300 is a breakthrough in the industry for which price has become a serious obstacle," said Jon Ball, GEH's vice president of nuclear...

Sales of French company Danone in physical terms fell by 1.6% year on year in the third quarter of 2019, the company said. In money, on the contrary, they grew by 3.7% to €6.4 billion. The company explains the decline in volumes by a decrease in demand for drinking water in Europe, as well as for dairy and vegetable products in the CIS countries. Danone also admitted difficulties with sales in...

Saudi state-owned oil company Saudi Aramco has postponed, but not canceled, its initial public offering, the Financial Times reported citing three sources. The delay will take several weeks. Earlier it was assumed that the IPO will be announced on October 20. The company wants to give investors a clear idea of its financial situation after the September drone attacks on its oil facilities, which...

Former Credit Suisse banker Andrew Pearse told a jury in Brooklyn that he illegally received at least $ 45 million for his role in arranging $ 2 billion worth of loans to companies in Mozambique. In addition, Pearse, who pleaded guilty to fraud, said that at least four other Credit Suisse bankers also took millions of dollars in bribes from the shipbuilding group Privinvest. “They all played a...

The HKmap.live application, which was actively used by residents of Hong Kong, disappeared from the App Store, the Verge reports. Protesters, who have been taking to the streets since March of this year, tracked movements of police officers using this app. At the same time, Apple, which deliberately removed the service from its store, claims that it violated the rules of the App Store. The...

Berkshire Hathaway , owned by Warren Buffet, has requested Fed’s permission to increase its share in BofA above 10%. The bank’s stocks rose more than 3% on Tuesday after Bloomberg reported Buffett’s interest. Berkshire, which owns a 9.96% share in Bank of America, applied to the Fed. The company reassured the watchdog that it would invest in the institution passively, without any amendments in...