Industries

ChemChina buys out Alfa Agricultural

Israeli company Adama has completed the acquisition of Greek firm Alfa Agricultural Supplies SA. Adama bought out the remaining 51% stake in Alfa for an undisclosed amount, taking its holding in the local company to 100%. This practically means Alfa has passed into the hands of the Chinese company that controls the Israeli enterprise.

Forbes drops Kylie Jenner from list

Kylie Jenner isn't a billionaire after all, Forbes magazine said on May 29 as it accused the reality TV star's family of "inflating the value of her cosmetics business for years."

Forbes declared the 22-year-old a billionaire in March 2019 owing to the popularity of her Kylie Cosmetics brand but has removed her from their list, citing new information.

Forbes: Kylie Jenner is Not a Billionaire and Has Presented False Information

Forbes magazine has struck reality TV star and entrepreneur Kylie Jenner from its list of billionaires, and accused her family of inflating the value of her cosmetics business.

Forbes said the family went to "unusual lengths" to present its youngest member as richer than she was.

In tweets, Jenner dismissed the article as "inaccurate statements and unproven assumptions lol".

NSI: The Total Producer Price Index in March 2020 Decreased by 1.5%

The Total Producer Price Index in Industry in March 2020 decreased by 2.1% compared to the previous month. Lower prices were registered in the manufacturing by 2.6%, in the mining and quarrying industry and in the electricity, gas, steam and air conditioning supply - both by 1.0%.

Ukraine's Privatbank issues $5.5 billion claim in Cyprus against ex-owners

Ukraine's largest lender, state-run PrivatBank, said on Friday that it had filed a new $5.5 billion claim in the Cypriot courts against its former owners.
The bank said in a statement that it was seeking damages in respect of schemes bearing all the hallmarks of fraud and money laundering which the bank alleges were perpetrated by ex-shareholders.

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