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The Swedish company Electrolux is selling its subsidiary in Russia

Swedish home appliance company Electrolux announced on Friday that it is selling its business in Russia, as part of its decision to exit the Russian market entirely The Swedish giant's Russian company is being bought by...

Russia: August Lada sales up 75% month-on-month

Russian carmaker AvtoVAZ reported a jump in new car sales in August on Friday, as the country's industry is reeling from Western sanctions over Moscow's invasion of Ukraine. Car maker Lada announced that it sold 18,087 passenger...

Norwegian energy group Equinor has fully withdrawn from Russia

Norwegian energy group Equinor said on Friday it had completed its exit from Russia, fulfilling a promise it made after Moscow's invasion of Ukraine in February to exit the Russian market entirely. Equinor's move marks the first...

UK: Competition authority gives green light to NortonLifeLock’s acquisition of Avast

Britain's competition regulator finally approved NortonLifeLock's takeover of British rival Avast on Friday, signaling the security software market will remain competitive after the $8.6 billion merger of two of the biggest players. The Competition and Markets Authority...

Lufthansa: Cancels ‘almost all’ of its flights on 9/2 due to pilot strike

German airline Lufthansa today announced the cancellation of "almost all" of its flights to and from the main airports of Frankfurt and Munich tomorrow, Friday, due to a pilot strike. Europe's biggest carrier will cancel 800 flights...

Delta Air Lines: $6 billion in compensation from 2020 for flight cancellations or delays

Delta Air Lines CEO Ed Bastian said the airline has set aside $6 billion for refunds starting in 2020, related to granting compensation for canceling or significantly changing its flight schedule. At the same time,...