Monday, 25.03.2019
Russian tech giant Yandex and South Korean automaker Hyundai have teamed up to develop driverless car components, Russian news outlet The Bell reports. The plan is “to create a self-driving platform that can be used by any car manufacturer or taxi fleet” that will cover both a prototype as...
Speaking only a month after the arrest of American investor Michael Calvey sent shockwaves through business circles, Russian President Vladimir Putin told prosecutors on Tuesday to step up legal protection for entrepreneurs, AFP reports. Putin said the Kremlin wanted "more effective defense of the rights of business owners, with...
Russia’s ownership of long and short-term U.S. Treasury securities dropped in January from $13.216 billion to $13.18 billion compared to the previous month, the department’s data revealed, according to TASS. The share of long-term bonds accounted for $6.322 billion, while short-term bonds holdings stood at $6.858 billion. Russia began to...
Numerous details about Donald Trump’s proposed Moscow tower project have been revealed by the Special Counsel Robert Mueller’s investigation into the Kremlin’s role in the 2016 U.S. election, Reuters reports. The real estate, which Trump pursued while running for president despite denying at the time any links to Russia,...
The weekly shopping index was negative in Moscow and St. Petersburg though it grew in Yekaterinburg and Kazan over the most recent holiday, International Women’s Day, Kommersant writes, concluding that the holiday failed to stimulate Russians to head to local shopping malls. Muscovites and St. Petersburg residents now tend...
A 9.53% stake in Russian copper/nickel mining company Intergeo was sold on Thursday in a joint deal by Russia’s RDIF sovereign wealth fund, the Russia-China Investment fund and a Middle Eastern sovereign wealth, Interfax reported. Intergeo, a part of Onexim Group, which manages the assets of Russian billionaire Mikhail...
The rise of the Russian ruble after long stagnation could make the emerging Baltic markets a more attractive proposition in the midst of the dollar’s downswing, investment strategist Mike Harris says, according to the Baltic Times. Analyzing the recent Federal Reserve hiatus, Harris urged traders to capitalize on the...
Qatari authorities are keen on more investment opportunities in Russia to capitalize on "huge" growth potential, the Gulf state's ambassador in Moscow has said, according to Bloomberg. Fahd bin Mohammed Al-Attiyah said his country is fully satisfied with its purchase of around a fifth of Russian state oil producer Rosneft,...
Trade turnover between Russia and the EU grew by 20% in 2018, Industry and Trade Minister Denis Manturov said during a meeting with European business representatives in Moscow, according to state-run news agency TASS. "This is a lot. This shows that the European business is interested in coming to our...
Since the early 2010s, when posts advertising so-called “friends for hire” began appearing on Russian-language websites, the business has been constantly growing, independent news website Meduza writes. The service allows internet users to pay an hourly fee for an apparently ordinary person to listen to them, give them emotional support,...