Henkel has announced that it has completed the sale of its assets to a consortium of local investors German consumer goods giant Henkel AG has finalized the sale of its business in Russia to a consortium of local financial investors for 54 billion rubles ($690 million), the group announced on Thursday.
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Extreme weather conditions have dramatically increased electricity consumption in the country, data indicates Record-breaking summer temperatures in the southern US have been pushing up electricity consumption by households, resulting in skyrocketing energy bills, according to government data cited by OilPrice.
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Targets will include firms in China, Hong Kong, the UAE and Central Asia, Bloomberg reports The European Commission has proposed extending anti-Russia trade restrictions to companies in a wide range of countries that do business with Moscow, including China and the United Arab Emirates, Bloomberg reported on Monday, citing documents.
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