Iconic Berlin department store declares bankruptcy — RT Business News

Iconic Berlin department store declares bankruptcy — RT Business News

Source link KaDeWe Group, which runs the eponymous retailer in Berlin and two other high-end outlets in Hamburg and Munich, has filed for insolvency under self-administration, the corporation announced this week. The company said that while the stores are operationally healthy, it has been “forced” to restructure due to exorbitant rent costs, which “make it […]

Saudi Arabia opens first liquor store – media — RT Business News

Saudi Arabia opens first liquor store – media — RT Business News

Source link The shop is located in the capital Riyadh and will serve only non-Muslim diplomats Saudi Arabia has opened its first liquor store in over 70 years, several news outlets reported on Wednesday, citing diplomats. The store is reportedly located in the Diplomatic Quarter in the capital of Riyadh. The shop will exclusively serve […]

Apple to relax App Store rules in EU – media — RT Business News

Apple to relax App Store rules in EU – media — RT Business News

Source link US tech giant Apple will allow iPhone users in the EU to download applications hosted outside of the firm’s official App Store to comply with the bloc’s regulations, industry website MacRumors reported on Monday, citing Bloomberg chief correspondent Mark Gurman. According to the report, Apple will introduce a “highly controlled system” that will […]