The Business Times
business-time-50

'Not the best time' to open Europe's biggest mall

google-preferred-sourceAdd BT as a preferred source
Published Wed, Nov 26, 2014 · 09:50 PM

Moscow

THIS week's opening in Moscow of Europe's biggest shopping mall comes at an inopportune moment for investors backing the project.

The Aviapark mall opens its doors on Friday, just as Russia is headed towards recession and its businesses are contending with international sanctions over the conflict in Ukraine. Meantime, the rouble's plunge to record lows, rising interest rates and the fastest inflation since July 2011 are eating into consumers' finances.

TRENDING NOW

Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

When every phone becomes a satellite phone, what happens to Asia’s telcos?

The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More