Unpleasant and sobering news for the retail market and especially e-commerce investors: the record collapse of the shares of one of the world's largest online clothing retailers, British Asos, showed that even the strongest positions on the Internet do not protect retailers from fluctuations in demand. Asos shares fell nearly 40% after the company slashed its holiday sales forecast due to the UK Brexit crisis and yellow vest riots in France.

The shares of the British Online ASOS online retailer fell by almost 40% and pulled the entire market. This is a bad sign for investors in e-commerce Very unpleasant and sobering news for the retail market and especially investors in E-Commerce: a record collapse of shares of one of the world's largest clothing online retailers, British ASOS, showed that even the most powerful positions on the Internet are not protected by retail companies from demand fluctuations.

Fitch will deprive Russia of a "positive" outlook in 2019 if US sanctions are imposed on Russia's public debt, told Reuters. Fitch's senior sovereign debt analyst James McCormack More. in 2018 Fitch rates Russia's investment rating at 'BBB-' with a 'positive' outlook, citing strong macroeconomic performance and strong external finances. Without the threat of sanctions, Russia's rating would be higher than the current level, McCormack added. Context.

Pavel Durov is a Russian entrepreneur and a startup. In the early 2000s, he founded the social network VKontakte, which was later bought by Mail.Ru Group Alisher Usmanov. In 2013, he founded the Telegram messenger. Forbes estimates his fortune at $ 1.7 billion. Pavel Durov.

The growth of industrial production in Russia in November 2018 slowed to 2.4% compared to the same period last year from 3.7% in October, according to Rosstat. This is significantly below the consensus forecast of analysts, who had expected a decline to 3.2%. More. Compared to October, the decline in industrial production amounted to 0.2%, and excluding seasonal and calendar factors - 0.4%.

On December 14, the deadline expired, during which Nordea, OP Corporate Bank and Danske Bank had to submit a response to the claim of billionaire Boris Rotenberg to the Helsinki court. Handelsbanken received a reprieve until 21 December. Guided by US sanctions, financial institutions refused to process the businessman's payments. Rotenberg insists that this was done illegally, since Europe did not impose similar sanctions against him.

The Russian authorities not only failed to comply with the ECHR decision adopted in 2015 in the case of Roman Zakharov v. Russia, but also further limited privacy and the secrecy of correspondence over the past three years, follows from a memorandum of the Agora International Human Rights Group, the Telegram company and Association of alternative telecom operators, sent to the Committee of Ministers of the Council of Europe (CMCE). Read more.

“If anyone doubted that the current OPEC is practically a zombie organization, the last 10 days have proved it,” Bloomberg analyst Julian Lee writes following the latest agreement between the cartel and OPEC + to reduce oil production. He states that the cartel is no longer able to make independent decisions - Russia has taken it under its actual control. That is why the deal to reduce production was concluded only after Russian Energy Minister Alexander Novak came to the talks.

The Safmar group of Mikhail Gutseriev responded to the criticism of the general director of the Great Moscow State Circus, Edgard Zapashny, against the businessman, voiced at a meeting of the Council for Culture and Art with the participation of President Vladimir Putin.

The Lublin Court of Moscow left without action a lawsuit to protect the honor and dignity of the director of the Russian Guard, Viktor Zolotov, against politician Alexei Navalny, reported . the press service of the court More. The claim was left without movement due to its non-compliance with the requirements of Articles 131, 132 of the Code of Civil Procedure. The plaintiff was given until January 9 to eliminate the shortcomings. Context . Zolotov filed a lawsuit against Navalny last week.

State-owned companies must gradually switch to Russian software by 2021, according to the directive of First Deputy Chairman of the Government Anton Siluanov for state representatives on boards of directors dated December 6. Vedomosti reviewed a copy of the document; the presence of such a directive was confirmed by Siluanov’s representative Andrey Lavrov. Read more.

Vekselberg, Deripaska and Kostin were allowed to go to Davos. The Bell found out on what conditions The Bell found out under what conditions the US sanctions Andrei Kostin, Viktor Vekselberg and Oleg Deripaska were allowed to participate in the forum in Davos. There are only five of them, but if you follow everything, you can not go to the forum.

The Bell has learned under what conditions Andrey Kostin, Viktor Vekselberg and Oleg Deripaska, who were subject to US sanctions, were allowed to participate in the forum in Davos. There are only five of them, but if you comply with all of them, you don’t even need to go to the forum. Details.

Media manager Ivan Tavrin is selling the STS Media television holding to the National Media Group and VTB, learned Vedomosti from employees of the two television companies. Upon completion of the deal, NMG will become the largest player on the Russian TV market. What's happening. NMG and VTB buy out Tavrin's stake, thus gaining control over 100% of the television holding. All parties confirmed to the publication that they are negotiating.

on Sunday Donald Trump's lawyer Rudolph Giuliani said that former president lawyer Michael Cohen may have been discussing the possibility of building Trump Tower in Moscow before November 2016, the month the US presidential election took place. Read more . According to Giuliani, Trump said this in written responses to Special Counsel Robert Mueller as part of an investigation into possible Russian interference in the US elections.