Online shopping was booming in Russia last year, with trade volumes increasing by nearly 60 percent compared to 2019, according to a business group representing major online retailers operating in the country. Russian purchases from foreign and domestic online stores totaled 3.22 trillion rubles (around $43.76 billion) last year, the Association of Online Traders (AKIT)...
Investing in bitcoin has already yielded US electric car producer Tesla its first gains of around $1 billion. The figure leaves the company's profits from selling its electric vehicles (EV) far behind. Earlier this month, Tesla revealed that it had bought $1.5 billion in bitcoin in a filing with the US Securities and Exchange Commission,...
Federal Reserve Chairman Jerome Powell is due to deliver his twice-a-year assessment of the American economy to the U.S. Congress next week. This semi-annual exercise will the first for the … Click to Continue »
The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European Economic Relations. The association said the Covid-19 pandemic and political disagreements led to such a massive reduction in trade turnover between the two nations. “German-Russian...
Boeing has urged global carriers to temporarily halt flights of its planes with engines similar to that which suffered a catastrophic failure and exploded mid-flight over the US city of Denver at the weekend. The US aircraft manufacturer has also voiced its full support for the decision by the Federal Aviation Administration to launch extra...
With all its talk of black-on-white war, YouTube's “hate speech”-filtering AI can't tell the difference between chess players and violent racists. Perhaps leaving robots in charge of the English language isn't such a good idea. Croatian chess player Antonio Radic, known to his million subscribers as ‘Agadmator,' runs the world's most popular chess channel on...
Russia's United Aviation Corporation and Mubadala, the investment fund of the United Arab Emirates, will create a joint venture for developing and manufacturing a supersonic business-passenger jet. The conceptual design of the new aircraft could be revealed as soon as at the end of the current year, according to Russia's Industry and Trade Minister Denis...
