Talks about selling a majority stake in Italian firm Cavalli Group to Russia's VTB Capital has died after months of negotiations, said three people familiar with the matter, as the company's valuation was seen as too high, added one of them - a failure that marks the last of a long series of unsuccessful attempts by the Italian fashion house to bring investors in.
Editor's Note: The following is the transcript of U.S. Ambassador to Ukraine Geoffrey R. Pyatt's remarks on Nov. 19 to participants of the Kyiv Post Tiger Conference in the Hilton Kyiv Hotel.
For Ukraine, it’s either now or never. With war, a grave economic crisis and political deadlock all happening at the same time, the need for rapid change has never been more acute. The country will either reform its corrupt Soviet ways or falter.
Hours before a potentially critical visit by U.S. Vice President Joseph Biden to Kyiv, Ukrainian Prime Minister Arseniy Yatsenyuk moved to dispel persistent rumors of political discord with President Petro Poroshenko.
Information is one of the battlefields in the war launched by Russia against Ukraine and, many believe, the entire democratic world. Every soldier on this informational front matters, especially for Ukraine, a nation with no time to lose, as it is beset by a Kremlin-led war and a shrinking economy.
Ukraine’s armed forces need to fight. But before they can defend the nation more effectively, they have many needs. However, there is a divergent view between Ukraine and the West about what those needs are and how they should be met.
Having mainly relied on trade with Russia since the dawn of national independence in 1991, Ukraine has not done much to enter new markets.
Ukraine is in a vicious financial crisis. Threatened constantly by Russian military aggression, the country faces a financial meltdown within the next four months. At the end of October, its international reserves fell to $12.6 billion, below the threshold considered critical for solvency. The hryvnia exchange rate is falling exponentially. As a consequence, most of Ukraine’s banks are collapsing. The public debt is skyrocketing and is likely to double to about 80 percent of gross domestic product this year. Inflation is set to rise to 24 percent this year and then surge further.
On Nov. 21, Ukraine marks the first anniversary of the beginning of the EuroMaidan Revolution, a social protest that toppled former Ukrainian President Viktor Yanukovych. The Kyiv Post caught up on how the lives of some high-profile EuroMaidan protesters have changed since then.
New Year celebrations in Ukraine's capital Kyiv this year will be spearheaded by Saint Mykolay - the country's Orthodox analogue of Santa Claus - instead of his secular Soviet-era counterpart Father Frost, according to an outline of the festivities published by the city administration.
After Wladimir Klitschko won a fight with Bulgarian Kubrat Pulev on Nov. 15 in Hamburg, Germany, Russian boxing promoter Vladimir Khryunov in an interview with Gazeta.ru hinted that something was wrong with Klitschko’s boxing gloves, because after each of his punch Pulev was “practically falling apart.”
'We have similar size breasts:' Chelsea Handler compares her chest to Vladimir Putin's and tells Today host Karl Stefanovic 'but mine are much bigger and perkier'.
Bangkok - Screenings of the latest Hunger Games film have been cancelled in the Thai capital after opponents of the country's military rule adopted a three-finger salute from the movie as a sign of defiance.
NEW YORK - A legend of film, theater and comedy in nearly equal measure, Mike Nichols was an unquestioned fixture of smart, urbane American culture across a relentlessly versatile, six-decade career that on stage or screen, reliably coursed with sparkling intelligence.
The head of the Luhansk People's Republic has called for an old-fashioned solution to resolve his differences with Kyiv.