Published time: 15 Feb, 2019 11:31 Edited time: 15 Feb, 2019 11:46 A Moscow district court has ordered the detention of the founder and senior partner of Baring Vostok private equity, as part of an ongoing inquiry into fraud allegations. Other employees were also taken into custody. Michael Calvey, a US citizen, was detained in […]
The US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added. Earlier this week, US senators introduced a bill suggesting a wide range of sanctions […]
The Nord Stream 2 gas pipeline project, controlled by Russian energy giant Gazprom, is unlikely to be cancelled, according to Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union (CDU). “Nord Stream 2 is not the project that I support with all my heart… But key decisions were made earlier. The project just can’t […]
Soaring car-loan debt in the US is a disturbing sign for the economy, showing that the middle class is in “serious economic trouble” as people sacrifice their basic necessities, Professor of Economics Richard Wolff believes. A record seven million Americans are three months or more behind on their auto-loan payments, according to a recent report […]
The simmering US-China trade war and US sanctions against Russia may become an excellent opportunity for Russian firms, according to the China Overseas Development Association (CODA). “The past year has become a very important one for Russia and China… Despite geopolitical challenges the countries’ economies keep on growing,” CODA secretary-general He Zhenwei told RIA Novosti […]
Europe’s aerospace group Airbus has announced it is set to stop making the A380 super-jumbo after its biggest customer, Emirates, reduced the number of orders for the world’s biggest passenger jet. Nearly 15 years after the A380’s maiden flight, the aircraft will be taken out of production, the company said in a statement on Thursday. […]
US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. In a tweet with a Bloomberg article on Venezuelan-Indian oil relations attached, Bolton wrote: “Nations and firms that support Maduro’s theft […]
Trillion-dollar-company Amazon skated through 2018’s tax filings without paying a cent for the second year in a row. The e-commerce behemoth, which made $ 11 billion last year, will pay no taxes at all, thanks to 2017’s tax reform. Rather than pay the standard 21 percent corporate income tax rate, Amazon is actually claiming a […]
Trade turnover between Russia and its second largest trade partner, Germany, increased 8.4 percent and reached nearly €62 billion ($ 70 billion) in 2018 compared to previous year, according to the German trade lobby. Year-on-year imports from Russia to Germany expanded 14.7 percent, amounting to €36 billion ($ 40 billion). Export to Russia rose by […]
Authorities in Bulgaria have blocked transfers out of bank accounts belonging to Venezuelan state-controlled energy corporation PDVSA, according to Bulgaria’s chief prosecutor Sotir Tsatsarov. Sofia apparently received information about transfers made by the Venezuelan oil giant, via its accounts in Bulgaria, to reportedly channel the money elsewhere. Washington was the key source of the information, […]
