Ex-chemistry teacher now has a 10 billion-strong business

During the past few weeks, several business media outlets have reported on a major corporate event in Russia: Mikhail Stiskin and Pavel Grachev, top managers at Detsky Mir JSC, have left the board and subsequently sold their stakes to the main competitor. The entire history of Grachev and Stiskin’s involvement in Detsky Mir is somewhat mysterious. Both individuals came from the Polyus gold...

The nineteen largest online platforms and search engines will have to comply with broader obligations under the new Digital Services Act (DSA) from the end of August 2023. For example, they need to target illegal content and disinformation in the EU, adapt their recommendation systems and be transparent about online advertising through their services. Instagram Facebook, Twitter, Apple, Google...

Industrial giants such as Shell, BP and chemical company Dow have a much greater climate impact than their competitors. The companies produce less efficiently, which means that they emit many hundreds of thousands of additional tons of CO2 every year. For your car, it doesn’t matter if you buy petrol from a Shell, BP or Esso petrol station. But the climate impact of the refineries in which...

The European Central Bank (ECB) has again raised interest rates by half a percentage point, as expected. Although this increase had already been announced by the ECB, there were sounds from the financial sector that the increase could still be somewhat lower. That has to do with the unrest on the stock exchanges in recent days. The idea was that the central bank could also opt for a less high...