In March, factory activity in the euro area reached a record 24-year high, according to a business survey carried out by the research firm IHS Markit, RT reported.
IHS Markit’s final Manufacturing Purchasing Managers’ Index (PMI), which is considered a good gauge of economic health, showed it had jumped to...
Changan, the third-largest automobile maker in China, has abandoned car production at a plant in Lipetsk Region, Izvestia writes citing sources.
According to them, the company’s move might have been influenced by the recent litigation troubles of another Chinese car manufacturer in Russia, Great Wall Motors.
At the same time, experts...
U.S.-sanctioned Russian aluminum giant Rusal will re-register as an international company in Russia after its board decided to leave the current operating jurisdictive of Jersey, Rusal said in a statement to the Hong Kong stock exchange.
“After careful consideration, the board of directors decided that this is in the...
One of Russia’s largest steel companies, Severstal, has launched its SteelTech Accelerator this year, an ambitious program to fund metallurgical start-ups offering new technologies to solve challenges in the steel sector, Mining Technology writes.
The winning applicants will be given access to laboratories, mentors and the ability to work with...
US Secretary of State Mike Pompeo voiced Washington’s concerns over China’s attempts to buy Ukraine’s Motor Sich engine building company during his phone call with Ukrainian President Vladimir Zelensky, US State Department press service disclosed Saturday, TASS reported.
"Secretary Pompeo raised U.S. concerns regarding malign PRC investment in Ukraine, including...
Among numerous classified ads for used things and cars, an unusual ad for the sale of two whole factories appeared - the Tushinsky Mashinostroitelny Zavod (TMZ) and OJSC (Tushinsky Machine Building Plant). The assets of the two facilities were estimated by the sellers at 10.35 billion rubles ($163 million),...
Mexico plans to assemble Russian helicopters, the director general of the Mexican investment and international cooperation agency Promexico, Paulo Carreno, confirmed on Tuesday, according to RIA news agency.
"Soon Mexico can start assembling Russian helicopters here," Carreno said during the visit of a Russian business mission to Mexico organized by...
The Russian Navy will have a nuclear-powered aircraft carrier in its structure, although this will not happen in the immediate future, the commander-in-chief of the Russian Navy Nikolai Yevmenov told reporters at the St. Petersburg International Maritime Defense Show (IMDS) on Wednesday.
"There will be, of course, a nuclear-powered aircraft...
Russian carmakers are worried that prolonged suspension of production amid a mandatory shutdown until the end of April would increase their problems, TASS reports.
Kaliningrad-based Avtotor said it will extend the production break according to the government’s efforts to stop the spread of the coronavirus.
"The non-working period at Avtotor enterprises...
Kreol Travel Retail, a subsidiary of Dubai-based Kreol Group, has agreed to a distribution contract with Imperial Collection OG Austria for select countries, including the Indian subcontinent and the Middle East, TRBusiness reports.
Imperial is a joint venture of the Saint Petersburg-based Ladoga Group, one of the top ten...
