HELSINKI / Reuters Loss-making Finnish retailer Stockmann announced the surprise departure of its chief executive, after 16 months in the job, raising questions over the company’s ongoing restructuring. Per Thelin, who will leave the company immediately, was recruited in 2014 to revive the department store and fashion chain group after its earnings fell due to a recession in Finland and ...

Paris / AP Shares in Air France-KLM went into freefall on Wednesday, a day after the company said Alexandre de Juniac is to resign as chairman and CEO to take charge of aviation industry group IATA. Juniac helped Europe’s second biggest airline group return to profit last year for the first time since 2008, but his four-year spell at the ...

London / Emirates Business This year marks the 40th anniversary of Britain’s World of Islam Festival, a ground-breaking series of exhibitions opened by Queen Elizabeth II in 1976. That same year, Sotheby’s pioneered London’s first ‘Islamic Week’, which has taken place in April and October every year since. In celebration of these landmark events, Sotheby’s is staging its most wide-ranging ...