Bloomberg Sephora, the cosmetics retailer owned by LVMH, agreed to sell its Russian subsidiary, making it the latest brand to pull out of the country following its invasion of Ukraine. LVMH is selling Sephora’s Russia business to the local general manager, the company said. In early March, the group temporarily closed its Russian stores. Sephora’s exit comes as European ...

Bloomberg Sri Lankan President Gotabaya Rajapaksa left the country for the Maldives on a military aircraft, an air force spokesman said on television, hours ahead of his expected resignation on Wednesday. The Sri Lankan Air Force provided an aircraft for the 73-year-old leader to leave the country following a decision by the security council, Air Force spokesman Group Captain Dushan ...

  Bloomberg Sri Lanka had to impose emergency rule because it received intelligence reports that attempts were on to take over the PM’s office and air force chief’s house, Prime Minister and Acting President Ranil Wickremesinghe said in a televised address Wednesday. Speaking on a private TV channel — after protesters took control of the state broadcaster and prime minister’s ...