Greece is looking to raise up to €6bn from the sale of ports, airports and utilities…
Leisure & Hospitality
Leisure & Hospitality: Global business news and investment opportunities
Qatar blockade puts 2022 World Cup under threat
The very real possibility of Qatar facing a long-term blockade of its sea and land routes…
Golden Globes go to China
Golden Globes: The Dalian Wanda Group, the real-estate conglomerate owned by Chinese billionaire Wang Jianlin, has finalised…
Wanda quits Spain and turns attention to France and $3.3bn EuropaCity
EuropaCity: Billionaire Wang Jianlin’s Dalian Wanda Group has agreed to sell the Edificio Espana building in…
Dalian Wanda buys another cinema chain as Wang Jianlin presses on
Chinese multinational conglomerate Dalian Wanda has bought the Odeon & UCI cinema chain from the Terra Firma…
Chinese consortium ready to buy AC Milan from Berlusconi’s Fininvest
A Chinese consortium has agreed to buy an 80% stake in the Italian Serie A soccer club…
Bullish Sorokin puts cost of Russia 2018 put at over $10bn but on schedule
Russia 2018: The cost to Russia of holding the 2018 World Cup will come to over…
Bank chief puts true cost of Sochi Winter Olympics at $19bn (not $2.9bn)
The true cost of hosting the Sochi Winter Olympics was $19bn – not the official tally…
Chinese consortium eyes up stake Formula One takeover bid
Eleven years after China joined the Formula One motor racing circuit, a group of Chinese firms lead…
First casino opens in Primorye gambling zone
The first casino in the far eastern Primorye gambling zone – that is being billed as Russia’s…
Decline in Russian tourism sends Santa Claus Village into bankruptcy
The Santa Claus Village in northern Finnish town of Rovaniemi, has filed for bankruptcy after failing…
Ukraine welcome at World Cup, says Russia, as Blatter attends draw
The head of Russia’s World Cup organising team Alexei Sorokin this week assured Ukraine that it would be…
China Investment Corp in $1.4bn European shopping spree
The China Investment Corp has bought ten shopping centres with a combined area of 221,000m² in France…
Moscow beer prices top rankings despite rouble’s decline
Buying a beer in a bar or supermarket in Moscow is still more expensive than anywhere…
Russia slashes 2018 World Cup expenditure by $560m
The Russian government today orders cuts estimated at $560m from the budget from the 2018 World Cup…
Second Chinese e-commerce company targets Russia
JD.com today became the second Chinese e-commerce company after Alibaba to make a bid for a…
Asian exporters fill gap left by Western exodus from Russian fashion market
Russian fashion market: Asian apparel manufacturers, particularly from Bangladesh and Vietnam, are taking full advantage of the exodus…
Alibaba opens registered office in Russia as AliExpress corners the market
China’s Alibaba Group has opened a registered office in Russia, where its online retail operation AliExpress already attracts…
Japanese group ready to invest $450m in leisure complex on Russky Island
Japan’s Iida Group Holdings is prepared to pump up to $450m into Russky Island to develop a…
Putin defends Blatter and attacks FIFA arrests as ‘persecution’
FIFA arrests: Russian President Vladimir Putin has called Wednesday’s swoop on top FIFA officials in Zurich by the…
Russia denies connection between FIFA arrests and 2018 World Cup
FIFA arrests: The chairman of the Russian parliament’s sports committee Igor Ananskikh has insisted that today’s arrest of several high-ranking…
Russian World Cup hotel construction program slashed
Russian World Cup hotel construction: Authorities in Russia are getting ready to slash the number of…
Tesco to open F&F clothing outlets in Moscow
Tesco‘s F&F clothing brand is to open its first Russian outlets in Moscow in June. Two of the…
Russian beer prices hit 17 year high
Russian beer prices are at a 17-year high as the market is squeezed by government regulation and falling consumption, according…