All posts in "BUSINESS"
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Rest in peace: Australian auto industry dies at 69

By ethan / October 20, 2017

Published time: 20 Oct, 2017 13:08 Australia’s car industry officially ended on Friday as Holden, a unit of US carmaker General Motors, closed its plant in South Australia. The closure comes a year after the exodus of Toyota and Ford. Read more “The end of Holden making cars in Australia is a very sad day […]

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Russia's Nord Stream 2 pipeline sparks fierce war of words from Warsaw

By ethan / October 20, 2017

Published time: 20 Oct, 2017 10:01 Officials from Poland have again spoken out against the expansion of the Nord Stream natural gas pipeline from Russia to Germany. Read more At the EU summit, Polish Prime Minister Beata Szydlo described the Nord Stream 2 pipeline as a threat to European energy security. She raised the question […]

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Jack Ma: 'Alibaba should join forces in developing Russia'

By ethan / October 20, 2017

Published time: 20 Oct, 2017 10:59 Alibaba founder Jack Ma said the e-commerce giant wants to work with young Russian scientists and engineers, adding that every visit to the country makes him feel more and more confident in Russia. “Yesterday I went to Moscow University, and I had a wonderful time with the young people. […]

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US wants to put inflatable space 'hotel' into lunar orbit

By ethan / October 19, 2017

Published time: 19 Oct, 2017 14:47 Edited time: 19 Oct, 2017 14:59 A Las Vegas-based space pod company Bigelow Aerospace plans to send an inflatable space hotel into lunar orbit within five years, according to United Launch Alliance, which is set to provide the project with a carrier rocket. READ MORE: Cut the Americans off from […]

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Crude far from dead says Rosneft head

By ethan / October 19, 2017

Published time: 19 Oct, 2017 13:31 Edited time: 19 Oct, 2017 13:35 The CEO of Russia’s largest oil company Rosneft Igor Sechin has said that oil will remain the principal fuel for many years to come although some forecasts say otherwise. Read more “I can assure you the rumors of the death of oil are […]

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Relatives of Sinai plane crash victims sue for $1.6bn compensation

By ethan / October 19, 2017

Published time: 19 Oct, 2017 12:01 Families of the 224 victims of the Russian airliner downed in Egypt in October 2015 are suing the airline, insurance companies, and tour operator. “The claim was filed today [Thursday]. The insurance companies Ingosstrakh and Allianz, tourist company Brisco, Russian airline Kogalymavia (using the Metrojet brand) and the company […]

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Russia, Saudis team up to boost fracking tech

By ethan / October 19, 2017

Published time: 19 Oct, 2017 08:48 While Saudi Arabia and Russia are leading the production cut pact between OPEC and 11 non-OPEC oil producers, Russian oil company Gazprom Neft will cooperate with Saudi Aramco on ways to boost production, including in fracking technology and hard-to-recover oil, Gazprom Neft’s CEO Aleksandr Dyukov said on Wednesday. Read […]

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Johnson & Johnson wins appeal in $72mn talc cancer risk verdict

By ethan / October 18, 2017

Published time: 18 Oct, 2017 12:24 Edited time: 18 Oct, 2017 13:16 A US court on Tuesday overturned a judgment against pharmaceutical company Johnson & Johnson (J&J) in favor of the family of a woman whose death from ovarian cancer they claimed stemmed from her use of the company’s talc-based products. Read more The Missouri […]

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Goldman Sachs prefers gold to bitcoin

By ethan / October 18, 2017

Published time: 18 Oct, 2017 13:11 Gold is better than cryptocurrencies due to its durability and intrinsic value, explains American banking giant Goldman Sachs. Read more “Precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” analysts at Goldman Sachs wrote, as quoted by Bloomberg. “They are neither a historic […]

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