Nick Kostov, Wall Street Journal

Nick Kostov

Wall Street Journal


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Recent articles by Nick:

Renault Sells Russia Business to State-Backed Entity for One Ruble

The French auto maker has reached a deal to cede its 68% stake in AvtoVAZ to a state-backed entity for one ruble and a six-year option to buy back its shares, according to people familiar with the matter—illustrating the limited options that Western firms face in leaving Russia. → Read More

Carlos Ghosn’s French Arrest Warrants Focus on Bonus Payments

French prosecutors have zeroed in on about $16 million in payments from Renault to an Omani dealership, money they suspect ended up in companies controlled by the former auto executive and his family. → Read More

France issues arrest warrant for Carlos Ghosn

Ghosn is accused of funneling millions of dollars of Renault funds into accounts for his own personal use → Read More

France Issues International Arrest Warrant for Carlos Ghosn

French prosecutors also issue warrants for four others for allegedly helping the former Renault executive enrich himself. → Read More

France’s Presidential Election Hinges on Far-Left Voters

The duel between President Emmanuel Macron and far-right leader Marine Le Pen in France’s presidential election this Sunday hinges on voters whose first choice to lead the nation was a far-left, pro-immigration anticapitalist. → Read More

Spotify Rival Deezer Strikes SPAC Deal Valuing It at About $1.1 Billion

French music streaming service Deezer is merging with a special-purpose acquisition company aiming to go public at valuation of about $1.1 billion. → Read More

Stellantis Shareholders Reject Executive Pay Packages, Including for CEO

The unusual step of opposing the car maker’s pay plan follows French government criticism that CEO Carlos Tavares was earning too much. → Read More

Roman Abramovich Asset Freeze Extends to $7 Billion in Jersey and a French Chateau

Police on the English Channel island raided a property on Tuesday that they said was thought to be connected to the Russian oligarch → Read More

Spotify Rival Deezer Nears Deal to Go Public

French music streaming service Deezer is nearing a deal to go public by merging with a special purpose acquisition company backed by the family behind luxury titan Kering SA, according to people familiar with the matter. → Read More

France’s Macron Under Fire for Hiring McKinsey for Covid Vaccine Rollout

Scrutiny of the French government’s spending on private consultants during the vaccine rollout has thrown President Emmanuel Macron on the defensive as his bid for reelection approaches its final week. → Read More

Shares of Martin Sorrell’s S4 Capital Plunge After Auditing Delay

It is the second time this month that the advertising firm was forced to delay its earnings report. → Read More

Many Businesses Are Quitting Russia. Big French Firms Are Staying Put.

Some of France’s largest companies, including Renault, Societe Generale and TotalEnergies, are maintaining ties in Russia after its invasion of Ukraine. → Read More

Russian Car Maker, Known for Cold War Self-Reliance, Idles Factories

The disruption at Lada shows how Russia’s economy is beginning to feel the bite of sanctions the West imposed on Moscow after President Vladimir Putin decided to invade Ukraine. → Read More

A Global Hunt for Russian Oligarchs’ Yachts Has Begun

French authorities said they seized a yacht belonging to a company majority owned by Rosneft CEO Igor Sechin, who was among a group of individuals sanctioned by the European Union. → Read More

As Russia Sanctions Intensify, Several Oligarchs Speak Out Against Ukraine War

A parade of Russian businessmen burnished their antiwar stances in recent days as Western governments tightened a noose around Kremlin-connected businesses and property. → Read More

France to Discuss Total's Presence in Russia With Its CEO

French Finance Minister Bruno Le Maire said he planned to discuss TotalEnergies SE’s presence in Russia with the oil major’s chief executive, adding that he now felt there was a “problem of principle in working with any political or economic personality close to Russian leadership.” Mr. Le Maire co → Read More

Western banks, companies brace for fresh sanctions after Vladimir Putin’s full-scale invasion of Ukraine

Several major Western banks, including Citigroup and JPMorgan, do business in Russia → Read More

Jeep Maker Stellantis Reports Jump in Profit

The car maker issued an upbeat forecast, a sign the global auto industry has returned to strength after nearly two years of disruptions linked to the pandemic. → Read More

Martin Sorrell’s Comeback Plan: Take Down WPP and Other Giants

The fallen ad chief is taking potshots at the giant he built over three decades, before quitting under pressure. → Read More

Jeep Owner’s Chinese Partner Says It Was Caught Unaware by Deal Announcement

Stellantis came under fire from a key Chinese manufacturer for announcing a deal to acquire majority ownership of a joint venture the firms operate together, a sign of the trade tensions between China and the West. → Read More