LVMH plans to sell several brands including Marc Jacobs and a stake in Fenty Beauty amid a global decline in luxury demand. The French conglomerate is also considering the sale of the newspaper Le Parisien following a 28% drop in its stock value this year.

Commercial shipping traffic in the Strait of Hormuz has halted, with no new vessels recorded passing through despite U.S. efforts to facilitate transit, according to data cited by Maersk.

Commercial shipping traffic in the Strait of Hormuz has halted, with no new vessels recorded passing through despite U.S. efforts to facilitate transit, according to data cited by Maersk.

A Russian court orders the seizure of a 65% controlling stake in agricultural giant Rusagro and over 10.5 billion rubles from founder Vadim Moshkovich. Prosecutors allege the assets were acquired through the misuse of his former senatorial office.

A Russian court has ordered the seizure of a controlling 65% stake in the agricultural holding company Rusagro, along with over 10.5 billion rubles and 29 million rubles in foreign currency, from founder Vadim Moshkovich. The Prosecutor General's Office alleged that Moshkovich misused his former position as a senator to expand his business interests between 2006 and 2014.

A Russian court orders the state seizure of assets from Rusagro founder Vadim Moshkovich and former CEO Maxim Basov. The ruling includes a controlling stake in the company, real estate, and over 3.8 billion rubles in cash.

A Russian court has ordered the state seizure of assets belonging to Rusagro founder Vadim Moshkovich, his relatives, and former CEO Maxim Basov, including a controlling stake in the company and significant cash holdings.

A court orders the transfer of shares held by Rusagro founder Moshkovich, his relatives, and former CEO Basov to state ownership.

A court has ordered the transfer of shares belonging to Rusagro founder Moshkovich, his relatives, and former CEO Basov to state ownership.