Thursday, September 24, 2020
The results of a private business survey reveal that China’s manufacturing sector continues to rebound from the coronavirus pandemic, recording the strongest expansion since January 2011, Russia Today reported. The Caixin/Markit manufacturing Purchasing Managers’ Index (PMI), which gives an independent outlook of the country’s manufacturing sector, ticked up to 52.8...
Biotech group Biocad is discussing producing in China a potential COVID-19 vaccine being developed by Russia’s Vector state virology institute, the director of the St Petersburg-based company said in an interview, Reuters reported. The potential vaccine - based on the vesicular stomatitis virus (VSV) - is expected to enter clinical...
The United States proposed new sanctions against Turkey for the purchase of Russian S-400, RIA Novosti reported. Congressmen Adam Kinzinger, Abigail Spanberger and Michael McCall introduced the bill. The document is called the "Law on Countering the Export of Russian Arms", it proposes to recognize the supply of S-400 as...
Russia expects a deal with AstraZeneca for it to manufacture a COVID-19 vaccine being developed by the pharmaceuticals giant and Oxford University to go ahead despite allegations it has been trying to steal vaccine data, its wealth fund head said, Reuters reported. Britain’s National Cyber Security Centre said on Thursday...
The official representative of KIA in Russia - KIA Motors Russia and the CIS LLC has issued a recall for 5,128 Kia Seltos (SP2) series vehicles on Monday. According to the Russian Federal Agency on Technical Regulating and Metrology, the recall concerns vehicles sold from December 2019 to June...
A consortium, which includes state-run Rostec, is working on papers to begin development of the Fedorova Tundra deposit of palladium and platinum in the Murmansk Region, Governor Andrei Chibis told local legislators in the report on the government’s performance in 2019, TASS reported. Fedorova Tundra is one of Russia’s biggest...
Capacity utilization of systemic companies in the Russian automotive industry declined from 50% to less than 30% after two months of the lockdown due to the coronavirus pandemic, Izvestiya newspaper reports on Saturday, citing data of the Russian Ministry of Industry and Trade, TASS reported. Automobiles production plummeted by 60.2%...
Finnish forestry group UPM-Kymmene said on Tuesday it would permanently close its Jyvaskyla mill, which produces spruce and birch plywood in central Finland, Reuters informs. “Competition in the birch plywood market is increasing constantly. New birch plywood capacity has been built especially in Russia, where the production cost level is...
Russia has begun building a prototype of its first stealth bomber which should be completed next year, the state-controlled TASS news agency reported on Tuesday, citing two sources in the military-industrial complex. When completed and operational, the new plane will be able to carry an array of advanced missiles and...
Russia’s industrial output shrank 6.6% in April, the first full month of a lockdown due to COVID-19, driven by a drop in the manufacturing sector, data showed on Thursday. April’s slump in output was not as severe as the 10% decrease analysts polled by Reuters had expected. Russia’s economic indicators are...