Worldwide

German Insurance Giant Allianz to Sell Its Majority Stake in Russian Operations

Leroy Carter

Jun 8, 2022

The Allianz Group has agreed to sell a majority stake in its Russian operations to Interholding LLC.

Allianz estimates losses from the agreement at approximately €0.4 billion on Allianz’s profit and loss account, largely due to the reclassification of negative foreign exchange impact from shareholders’ equity.

Calgary Stampede 2025: 24-hour CTrain Service Keeps the City Thriving

As the Calgary Stampede gains momentum, CTrains are operating around the clock, coupled with diligent noise monitoring to manage the vibrant flow of visitors.

Positive Shift: U.S. Sees Immigration as Beneficial Again

The once-rising U.S. concern about immigration has notably calmed, with a majority now viewing it as a boon rather than a bane.

Peru's Central Bank Holds Firm at 4.5% Amid Inflation Insights

In July, Peru left its interest rate at 4.5%, signaling a subtle dance with inflation and economic uncertainties.

UKIE's Ambitious Vision: A New Era for UK Video Games

Discover UKIE's transformative strides in reshaping the UK video game industry and the critical challenges ahead.

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Calgary Stampede 2025: 24-hour CTrain Service Keeps the City Thriving

Positive Shift: U.S. Sees Immigration as Beneficial Again

Peru's Central Bank Holds Firm at 4.5% Amid Inflation Insights

UKIE's Ambitious Vision: A New Era for UK Video Games