Wednesday, April 14, 2021
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...
Mali has approved the use of Russia’s Sputnik V vaccine against COVID-19, the Russian Direct Investment Fund (RDIF) said on Tuesday. RDIF, which has actively promoted the vaccine abroad, said the shot had so far been approved for use in 58 countries, Reuters reports.
Russia’s RDIF sovereign wealth fund and China’s Shenzhen Yuanxing Gene-tech have agreed to produce over 60 million doses of Russia’s Sputnik V vaccine against COVID-19 in China, RDIF said on Monday. RDIF, which is marketing Sputnik V globally, said that commercial production was due to start in May, Reuters reports.
Commercial airplanes fitted with motors can appear in Russia by 2030, Minister of Industry Denis Manturov told reporters on Friday, TASS writes. "The question is when this will be used for commercial purposes. Objectively, depending on the market demand and marketing, I think this will be sometime by 2030. At...
Norway will block Rolls-Royce from selling a Norwegian maritime engine maker to a Russian company on national security grounds, its justice minister told parliament on Tuesday, Reuters reports. The blocking of the deal is a blow for Rolls-Royce, which is aiming to raise 2 billion pounds ($2.76 billion) from disposals...
Russia’s RDIF sovereign wealth fund said on Monday it had reached an agreement with India’s Virchow Biotech to produce up to 200 million doses a year of the Sputnik V vaccine in India. RDIF said full-scale commercial production would start after completing the transfer of technology in the second quarter,...
India’s Stelis Biopharma has partnered with Russia’s sovereign fund to make at least 200 million doses of Sputnik V, its parent company said on Friday, taking the nation’s total output of the COVID-19 vaccine to more than half a billion doses. The announcement by the parent, Strides Pharma Science, of...
Russian industrial hemp producer, Smart Hemp, wants to expand production to a dozen regions at home as demand for textiles made from the plant grows in China and elsewhere, boosting prospects for a possible future listing, its founder said. Hemp, part of the cannabis species and in the same family...
The Italian-Russian Chamber of Commerce announced that the Russian Direct Investment Fund has signed an agreement with a Swiss-based pharma company to produce the Sputnik V vaccine in Italy, Sputnik reports. The Chamber's president says the agreement proves that Italian-Russian ties are strong and shows the ability of Italian companies...
Russia’s manufacturing sector in February saw its fastest growth since April 2019. The expansion was underpinned by robust output and new order growth, according to survey data published by IHS Markit on Monday, RT writes. The Purchasing Managers’ Index (PMI) for the sector grew to 51.5 in February against January’s...

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