Russian retailer M.Video-Eldorado plans to double its gross merchandise volume (GMV) to $13.5 billion by 2025, combining its large store network with e-commerce growth, CEO Alexander Izosimov told Reuters ahead of the company’s strategy day on Tuesday.
The consumer electronics retailer’s GMV, an e-commerce metric used to measure transaction volumes,...
According to the Russian Ministry of Foreign Affairs, the expulsion of an Albanian diplomat is in response to Albania ousting a Russian diplomat for allegedly violating coronavirus measures on 21 January 2021.
Russia has expelled an Albanian diplomat in a ‘tit-for-tat’ move, the Russian Foreign Ministry said on Monday, Sputnik...
Moscow ranked third among cities in the world in the Coronavirus Innovation Map ranking, which shows the quantity and quality of innovative solutions against COVID-19. The list, compiled by the research center StartupBlink, includes 80 cities from 31 countries, ICT Moscow reported.
Moscow, with 4,891 points, was second only to...
Russian authorities are considering a new social spending package worth at least $6.7 billion to address discontent over falling living standards before an autumn election, according to two government sources, Reuters reported.
The package, which one of the sources said President Vladimir Putin was likely to unveil in an annual...
Morgan Stanley initiated a long Russian ruble position against a 50-50 basket of the dollar and the euro it said on Monday, targeting a 6% rise in the Russian currency, according to Reuters.
“We think it’s time to get back into Russian assets,” the U.S. investment bank’s analysts said in...
The largest cryptocurrency, bitcoin, surged to a record high of over $44,000 on Monday following the news that Tesla has invested $1.5 billion in the digital asset and expects to start accepting it as payment, RT informed.
Bitcoin soared fifteen percent to trade at $44,141, closing in on an all-time...
As China gets ready to celebrate one of its biggest holidays, the Lunar New Year, authorities in Beijing and Suzhou are handing out 40 million yuan ($6.2 million) in another public lottery as part of digital currency tests, RT reported.
The two cities are reportedly planning to distribute 200,000 red...
Twitter posts by entrepreneur Elon Musk, rapper Snoop Dogg, and musician Gene Simmons caused Dogecoin cryptocurrency to hit a historic high on Monday, according to CoinGecko, a website which tracks fluctuations in the value of the world's major cryptocurrencies in real time, TASS reported.
"Dogecoin is the people’s crypto," Musk...
Moscow’s budget revenues amounted to almost 2.9 trillion rubles ($39 bln) in 2020, whereas budget expenditures exceeded 3 trillion rubles ($40.3 bln), a source in press service of the city’s finance department said on Monday, adding that budget deficit totaled over 137 bln rubles ($1.8 bln) and was covered...
The largest in the Northern hemisphere Baikal neutrino telescope which Russian scientists plan to use in order to better understand the processes of emergence and evolution of the universe will be completed at Lake Baikal in March 2021, Director of the Joint Institute for Nuclear Research (JINR) Grigory Trubnikov...
