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PM Medvedev says United Russia party should recoup regional election losses

By ethan / October 3, 2018

A recent setback suffered by United Russia in regional elections is a good lesson that should be studied and used to regain the lost positions, the party chairman and Russian PM Dmitry Medvedev has said. On Wednesday, Medvedev spoke to senior United Russia members responsible for the party’s election programs and urged them to study […]

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Russian stocks claw back losses after Monday rout

By ethan / April 10, 2018

Moscow-traded stocks and the Russian ruble rebounded on Tuesday after suffering their worst session in four years as a result of the US sanctions list expansion against Russian businessmen and companies. The ruble-traded MICEX Index clawed back some ground, gaining 1.5 percent as of 13:18 Moscow time. The dollar-denominated RTS was down 1.5 percent. On […]

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‘Electric cars are evil’: Hyundai union chief warns of future job losses

By ethan / March 27, 2018

Hyundai’s union chief has condemned electric cars as ‘evil’ and says workers at the company “are feeling a sense of crisis”, amid predictions of future job losses. Ha Bu-young, the head of the Hyundai Motor union, told Reuters that he fears a similar crisis to the one hitting General Motors in South Korea may lay […]

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Bitcoin leads huge cryptocurrency market rebound after record losses

By ethan / February 7, 2018

Top global cryptocurrencies surged by between 19 and 50 percent on Wednesday following the massive sell-off that erased half a trillion dollars from the market. Read more Bitcoin bounced back 24 percent to $ 8,280 after falling below $ 6,000. It is still 60 percent off the $ 20,000 peak seen on December 17. Bitcoin’s […]

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Losses from global disasters in 2017 exceeded $300bn

By ethan / December 30, 2017

Published time: 30 Dec, 2017 10:50 Economic losses from natural and man-made disasters have soared by 63 percent in 2017 to an estimated $ 306 billion, according to a report from reinsurance firm Swiss Re. Read more The company estimates, insured losses from natural and man-made disasters around the world was approximately $ 136 billion, […]

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Uber reports massive losses amid legal troubles & regulatory scrutiny

By ethan / November 30, 2017

Published time: 30 Nov, 2017 15:05 Growing litigation costs and fierce global competition have widened Uber’s net loss in the third quarter to $ 1.46 billion reports the company. This compares to a loss of $ 1.06 billion in the previous quarter. At the same time, net revenue went up from $ 1.66 billion to […]

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