Only 2.4% of Russian companies have founded a corporate university, a new study has revealed, highlighting the need for more investment in education by Russian business entities, EurekAlert reports. In comparison, 28% of the EU companies surveyed have corporate universities, the study shows.
Researchers at the Higher School of Economics, part...
Last week, the U.S. Treasury released a highly-anticipated list of wealthy Russians with close ties to the government of Vladimir Putin. It was intended to help policymakers decide on a new round of sanctions against Russia for both the country’s meddling in the U.S. presidential election and its annexation...
The Dow Jones industrial average marked its biggest ever single-day point drop on Monday afternoon, plunging nearly 1,600 points during trading hours before recovering to close down 1,175.
Officially the Dow fell 1,597, a 6.26 percent drop. But the index of 30 large U.S. companies was recovering some of that...
The Russian President’s spokesman Dmitry Peskov told reporters in Moscow that only the law can grant guarantees for businessmen willing to come back to Russia from the United Kingdom, TASS agency reported.
Peskov was responding to questions after dozens of Russian businessmen residing in London have asked President Vladimir Putin to...
Russia's Gross Domestic Product (GDP) grew by 1.6% in the final quarter of 2017, the Russian Federal State Statistics Service said last week. The growth is another indicator of recovery for the troubled Russian economy, just out of a three-year recession.
Investments in the stock capital increased by 4.2% in...
The Omega Center, the company which owns Russia’s Formula 1 racetrack in the Olympic Park of the Black Sea resort city of Sochi, is looking for a new owner, a company spokesperson said on Saturday.
"The racetracks are being handed over, terms and conditions are currently being discussed," she told...
Russian oligarchs based in the United Kingdom, many of whom are under criminal procedures in Russia, have asked President Vladimir Putin if they can return to their home country after their cases are reviewed, The Times reported. According to Russian Business Ombudsman Boris Titov, around 40 businessmen met with him...
A Russian-owned corporation was ordered by a Russian judge to pay a $5.9 million settlement it reached last year with U.S. prosecutors over allegations that it laundered proceeds of a $230 million tax fraud.
The company, Prevezon Holdings Ltd, had previously refused to pay the settlement to the U.S. government....
A U.S. Treasury Department memo obtained by Bloomberg Friday warns that expanding sanctions to new Russian sovereign debt and derivatives could destabilize financial markets and spread beyond Russia.
The document said such sanctions would have “negative spillover effects into global financial markets and businesses.”
The memo is a Treasury response to report sent...
