The Russian rouble strengthened on Thursday, supported by local demand linked to month-end tax payments, as investors watched developments in Venezuela that could have repercussions on the Russian market, Reuters reported.
The Russian currency reached 65.91 versus the dollar for the first time since Nov. 23 but later pared...
StartRocket, a Russian tech start-up, is hoping to be the first company to turn the outer levels of the Earth’s atmosphere into a media buying space, ABC reports.
The company has outlined plans to create a programmable display in the night sky, using a formation of tiny cube satellites orbiting...
Russian fishing company Norebo Holding will increase its previously announced plans to build ten trawlers, up from the six it ordered originally, according to Kommersant.
Norebo, a whitefish harvester and processor, said in 2017 that it would spend $350 million on the six freezer-trawlers, which are being built at the...
Russia’s wealth inequality has skyrocketed and has surpassed the level of the United States, Meduza writes in a new report on Russian wealth disparity. The richest 1% of the population controls more than a third of Russia’s wealth, the poor are getting poorer, and most of the wealth produced...
People going in for sports will be able to receive tax deductions from their personal income taxes from 2020, Vedomosti reports, citing the Ministry of Finance’s decision to start work on the project.
The proposed move comes in the wake of Russian President Vladimir Putin’s order to impose tax...
While U.S.-based tech giant Google has about 90% of the global market share for internet search, it is lagging behind in Russia, where local tech conglomerate Yandex has captured 55% of the market, CNBC reports.
Yandex maintains its dominance due to its superior Russian language search capabilities, its wide...
Global oil prices fell about 2 percent on Tuesday over concerns the world’s stumbling economy could pinch fuel demand as output cuts by Russia come in below expectations and U.S. shale fields surge, Reuters reported.
Crude prices were affected by gloomy new global growth forecasts by the International Monetary Fund...
Russia’s biggest bank, Sberbank, has been named by Brand Finance as the strongest banking brand in the world, the bank said in a statement, according to RIA news agency.
“Sberbank was named strongest banking brand in the world by Brand Finance. This is the first time a Russian banking brand...
A 2006 Russian court on the bankruptcy of the Yukos oil company won’t be recognized in the Netherlands, ruled the country’s High Council, which acts as the country’s Supreme Court, Reuters reported.
In 2006, the Moscow Arbitration Court declared Yukos bankrupt and appointed a bankruptcy supervisor, after its former...
Israeli-Russian entrepreneur Yuri Milner is cashing in a 10-figure return on China’s Xiaomi Corp., even after the phone maker’s epic decline since its initial public offering last year, Bloomberg reports.
Milner’s Apoletto funds and his investors hold stakes in Xiaomi worth $1.8 billion, according to the Bloomberg Billionaires Index....
