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LVMH Billionaire Bernard Arnault Probed Over Possible Money Laundering

French billionaire Bernard Arnault’s dealings with a Russian businessman are being investigated for possible money laundering, the Paris public prosecutor’s office said Friday.
Shopper Park Plus Plans Hungary’s First Euro-Denominated IPO

Shopper Park Plus Zrt., an investor in retail parks in both Hungary and the Czech Republic, aims to raise as much as €53.1 million ($56.2 million) in the first euro-denominated initial public offering on the Budapest Stock Exchange.
Sale of Luxury Villas Starts in New Zimbabwean City for the Rich

Developers have started selling villas that will be built in a new Zimbabwean city that’s targeting the economically troubled country’s elite and may eventually be designated its capital.
Don’t Trust Plastic Snack Wrappers With Recycling Instructions

A plastic drop-off program embraced by 12,000 retail locations and more than 500 brands in the US has been putting packaging into landfills.
Adler Raises Cash at Nine Times the Cost of Its Last Bond Sale

Adler Group SA paid a 21% coupon to raise funds from the bond market in a sign of the intense funding stresses buffeting the beleaguered German landlord.

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