American fashion brand Guess has reacquired its stake from a Russian partner in what experts have described as an unusual deal for the fashion market in the sanctioned country, Kommersant reported on Thursday.

The global financial system will be plunged into uncertainty unless lawmakers agree a deal, the head of the agency warns The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has criticized Washington’s ongoing debt-ceiling impasse between the Biden administration and top Republican figures, saying a US default would have a significant ripple effect…

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