Facebook owner Meta makes antitrust commitments over online advertising

France’s anti-trust watchdog body said on Thursday that it had approved commitments made by Facebook owner Meta Platforms (META.O) regarding the French online advertising sector. Meta has committed to giving access over a five-year period to advertising inventories and campaign data to so-called advertising technology companies on transparent, objective and predictable conditions, the French regulator […]

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Revlon’s road to bankruptcy

Revlon Inc (REV.N) filed for Chapter 11 bankruptcy protection late on Wednesday as the debt-laden cosmetics company struggled to take on rising competition from celebrity-backed startups in recent years. Revlon, which was founded in 1932 as a nail paint maker, is controlled by billionaire Ron Perelman’s MacAndrews & Forbes and counts celebrities Gal Gadot and […]

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Top producer Russia thwarts move to redefine ‘conflict diamonds’

Russia, supported by Belarus, Central African Republic, Kyrgyzstan and Mali, has torpedoed a Western-backed proposal to discuss whether its diamonds are funding war ahead of an international conflict diamond meeting in Botswana. The rift in the Kimberley Process (KP), which certifies rough diamond exports, risks paralyzing the body which makes decisions by consensus. The letters, […]

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