Leaders of the BRICS group of leading emerging economy nations, including Russian President Vladimir Putin and Indian Prime Minister Narendra Modi, are meeting this week for a summit in Brazil, The Times of India reports.
According to the organizers, the leaders will discuss opening their development bank to other countries...
The First Deputy CEO of Russia’s biggest lender, Sberbank, Lev Khasis, told reporters on Wednesday that the management will restart negotiations on the sale of its Ukrainian subsidiary after Kiev lifts sanctions against the bank, Interfax reports.
"Following the introduction of Ukrainian sanctions against Sberbank, resumption of negotiations with anyone...
Regulators in Russia and the United States could approve the deal between Germany-based utility Uniper and Finnish energy company Fortum by the end of the first quarter of 2020, Uniper said in its financial report for nine months of this year, according to TASS.
"The deal is subject to regulatory...
A court in Kuwait has sentenced Russian entrepreneur and managing director of investment firm KGLI, Maria Lazareva, to 15 years in prison and hard labor, finding her guilty of embezzlement of money from the Kuwait Port Authority, RIA Novosti reported.
“She must return 719,000 Kuwaiti dinars ($2.4 million) and also pay...
A classified parliamentary report on Russian interference in British elections, which was supressed by the government, reveals that nine Russian businesspeople have donated to Britain’s Conservative Party, The Sunday Times reported.
Prime Minister Boris Johnson’s opponents accuse him of blocking the report ahead of the Dec. 12 parliamentary election, an...
Russian-born tycoon Andrey Andreev has sold his online dating business MagicLab to one of the world’s leading investment firms, Blackstone, Forbes reported on Saturday.
The deal valued the company “at approximately $3 billion,” the firm stated, without providing more details.
MagicLab, whose brands include Badoo, Bumble, Chappy and Lumen, touts itself as the...
Cash is still the most widespread payment method in Russia, 89% of the country’s population using it regularly, while only two percent of Russians fully abandone cash payments, RBC wrote on Monday citing a poll by the Levada Center.
Debit cards are the second most popular payment tool, and 58% of...
Despite a stagnant economy weighed down by Western sanctions, e-commerce in Russia is continuing its explosive growth, AFP reports.
While the country’s economic growth stood at just 0.7 percent in the first six months of 2019, the Russian e-commerce market has expanded by 26 percent to 725 billion rubles ($15.45...
The director of global risk and compliance at startup giant GitLab, Candice Ciresi, has resigned from the company, accusing the code hosting platform of engaging in discriminatory and retaliatory behavior, Business Insider reports.
The cause of Ciresi’s departure appears to be the company’s plan to stop hiring engineers in China...
A number of Russian companies could be allowed to stop publishing mandatory annual reports and financial statements in an attempt by the government to protect them from further Western sanctions, Kommersant reports.
Тhe Finance Ministry this week proposed cancelling obligatory reporting for around 20 Russian firms on a government list...
