In a war fought over Telegram as well as on Ukraine’s pummeled streets, the country’s actor-turned-president Volodymyr Zelenskiy has excelled. But for over-the-top showmanship, Chechen leader Ramzan Kadyrov and his men have been hard to beat. Kadyrov’s fighters, known as “kadyrovtsy,” have been waging an all-out propaganda war for the TikTok era, attempting to demonstrate their leader’s loyalty to ...

  Bloomberg A Chinese fast-fashion company without a global network of physical stores of its own is seeking a valuation that could be more than the combined worth of high-street staples Hennes & Mauritz AB and Inditex SA’s Zara. Shein, an online-only retailer of inexpensive clothes, beauty and lifestyle products that pumps out over 6,000 new items daily, is in ...

Bloomberg Ryanair Holdings Plc narrowed the range for its annual loss as Europe’s biggest low-cost carrier turns the page on a year disrupted by the coronavirus pandemic. The loss for the year ended on March 31 will be between 350 million euros and 400 million euros ($387 million-$440 million) before special items, the Dublin-based carrier said in a statement. Ryanair ...

  Bloomberg Sneaker marketplace StockX responded to a trademark-infringement lawsuit from Nike Inc, saying in a court filing that the world’s largest athletic-wear company shows a “fundamental misunderstanding” of nonfungible tokens. In February, Nike filed a complaint in federal court in Manhattan accusing StockX of “blatantly freeriding” on Nike’s trademarks and goodwill with a new service called Vault NFTs. StockX ...

  Bloomberg Among the top things that infuriate watch aficionados: replicas, fashion timepieces and battery-powered movements. And yet, the $260 Swatch homage to the Omega Speedmaster that debuted a week ago and caused shopping pandemonium checks all three of those snob boxes, making the collaboration an even more remarkable hit. From London to Berlin to Melbourne, eager consumers snaked around ...

  Bloomberg Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said Rome could become the group’s fifth hub with the acquisition of new Italian flag carrier ITA Airways. “Italy is a strong market,” Spohr said in an interview with Corriere della Sera published. “Rome could play a very important role within Lufthansa, integrating our system with a southern hub for ...

  Bloomberg Luxury-goods group Kering SA agreed to pay 187 million euros ($206 million) to settle an Italian probe on alleged tax evasion at its Bottega Veneta unit, according to people familiar with the matter. Italian financial police found that Bottega Veneta used two Swiss affiliates to avoid paying taxes in Italy, the people said, asking to not be named ...

Bloomberg The European Union said that work is under way on additional sanctions to penalise Russia for what appear to be war crimes in Ukraine, condemning “in the strongest possible terms” alleged atrocities committed against civilians. In a statement on behalf of the 27-nation bloc, Josep Borrell, the EU’s chief foreign envoy, laid the blame for the “haunting images of ...

Bloomberg The two European leaders most closely allied to Russian President Vladimir Putin before he launched his invasion of Ukraine won decisive election victories on pledges to stay out of the war. Hungarian Prime Minister Viktor Orban, who has spent 12 years consolidating his grip on power and clashing with the European Union over democratic values, clinched a fourth consecutive ...

Bloomberg Sri Lanka named a new finance minister as President Gotabaya Rajapaksa began reworking his cabinet to pull the economy out of its worst crisis in decades. Ali Sabry will take over from Basil Rajapaksa as the head of finance, while GL Pieris will continue as the foreign minister, Sudewa Hettiarachchi, director general of the Presidential Media Division, said by ...