Banners sporting the new brand name ‘MAAG’ already adorn storefronts in major shopping malls Former Zara stores in Russia are to reopen under a new name, MAAG, by June 1, news outlet Izvestia reported on Friday, citing Dmitry Tomilin, board member of the Russian Council of Shopping Centers.

Restrictions are expected to be introduced at the organization’s summit in May, according to the outlet The G7 is set to impose sanctions on large rough diamonds sourced from Russia, the Economic Times reported on Wednesday, citing industry executives. The move would potentially threaten millions of jobs in India, which is the world’s largest cutting…

Economic recovery and increased demand for fuel exports are seen as the major consumption drivers China’s crude oil imports surged to their highest levels in almost three years last month as refineries have ramped up production to catch up with growing fuel export demand, Reuters reported on Thursday, citing customs data.