A greater number of countries are sliding towards authoritarianism, while the number of established democracies under threat has never been so high, the International Institute for Democracy and Electoral Assistance (IDEA) said on Monday.
Russia's Mercury Retail Group on Wednesday said the indicative price range for its initial public offering (IPO) has been set at $6-$6.50 per global depositary receipt (GDR), implying a market capitalisation of $12-$13 billion.
Li Ning is experiencing a runner's high. The Chinese sportswear maker will raise $1.3 billion to capitalise on a stock rally partly fuelled by nationalistic Gen Z. International expansion and brand-building are among the targeted uses for the money, but the company might get more bang for its buck by investing more internally.