Business

The BRICS group of emerging economies, which is comprised of Brazil, Russia, India, China, and South Africa, is open to welcoming new member countries, according to Russian Deputy Foreign Minister...

Uber has sold its food delivery service in India to local rival Zomato in hopes of cutting losses amid stiff competition for the South Asian market. Uber will now own...

A “grand operation” has been ordered by Pakistan's Prime Minister Imran Khan against wheat hoarders and profiteers to relieve a shortage of flour supplies. Prices of flour and bread shot...

As China continues its long and painful move away from coal, solar and wind energy are becoming increasingly competitive. In September of last year Oilprice reported an incredible milestone for...

Shares of Russian metals company Nornickel (Norilsk Nickel) surged 2.25 percent on Monday during trading on the Moscow Exchange, hitting an all-time high. The value of the stock rose to...

New Delhi is considering signing a bilateral agreement with Russia to reduce import duties on processed diamonds and jewelry, the chairman of the country's Gem & Jewelry Export Promotion Council...

A super-rich one percent of the world's population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report. The gap between...

A gold trader and noted cryptocurrency critic took to Twitter to complain he “just lost all the #bitcoin I have ever owned” after his wallet ‘forgot' the password, drawing derision...

Russia's Yandex, which runs a popular car-sharing service in the country, is planning to expand across Europe this year, the tech company has revealed. “We are considering such an opportunity,”...

Russia's Yandex, which runs a popular car-sharing service in the country, is planning to expand across Europe this year, the tech company has revealed. “We are considering such an opportunity,”...

The artificial intelligence (AI) industry is growing steadily in China as Beijing aims to become the leader in the technology by 2030. China is leading the way in computer vision...

New Delhi is considering participating in Russian oil and liquefied natural gas (LNG) projects in the Arctic as cooperation with Moscow could open vast opportunities for India in the resource-rich...

The US aerospace giant Boeing's costs are likely to rise substantially, analysts say, as airlines continue to push back MAX 737's from their schedules. The company's best-selling planes have now...

Former US financial regulator J. Christopher Giancarlo, also known as ‘Crypto Dad' for his support of cryptocurrencies, has announced the launch of a think tank to push the idea of...

The appointment of a new prime minister has boosted the Russian stock market to new record highs on Friday, with the national currency holding on to gains reached over the...

Africa's largest trading partner, China, which has invested heavily in Zimbabwe in recent years, has reached a currency swap agreement with the country aimed at strengthening trade. The deal, which...

Ryanair CEO Michael O'Leary has threatened legal action against the UK government after it pledged to bail out airline Flybe, claiming the rescue package was “a cover-up so they can...

Ryanair CEO Michael O'Leary has threatened legal action against the UK government after it pledged to bail out airline Flybe, claiming the rescue package was “a cover-up so they can...

Russian gold and foreign currency reserves have hit $557.5 billion in the first 10 days of the new year, according to the latest figures released by the country's central bank....

India's Minister of Commerce and Industry Piyush Goyal has warned US e-commerce giant Amazon not to exploit any loopholes in the law as the company plans to expand in the...

As the world's economic superpowers, the US and China, have finally inked the first part of a broader trade agreement, analysts and industry leaders are raising doubts if the sides...

One of China's largest producers of telecom equipment, ZTE, has announced plans to raise around $1.7 billion from a private share placement to fund research and development of 5G networks....

Thousands took to the streets in India this week to protest e-commerce giant Amazon's decision to expand into the country. Small shop owners say they won't be able to compete...

The first part of a broader trade agreement between the world's top economic superpowers was finally inked on Wednesday with the US suspending new tariffs in exchange for Chinese purchases...

China's trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows. It has...

Russian President Vladimir Putin called for a structural change to the economy and its efficiency during his annual address to the Federal Assembly on Wednesday. “In 2021, Russia' GDP growth...

A group of US lawmakers have introduced a bill to subsidize companies developing 5G technology to counter China's Huawei. It comes as Washington mounts pressure on its allies to turn...

Malaysia's national carrier has suspended deliveries of 25 Boeing 737 MAX jets due to the delayed return to service of the aircraft since it was grounded last year after two...

While Washington is “abusing” the status of the dollar as the world reserve currency, Moscow will continue to reduce its dependence on the greenback in favor of national currencies, the...

One day after St. Louis' top prosecutor filed a federal lawsuit alleging a concerted and racist conspiracy to push her out of office, other black female prosecutors from across the...

Michigan would lift its ban on stun guns under legislation advanced by lawmakers on Tuesday. The bill would allow the sale, possession and “reasonable use” of a stun device by...

The Houston Astros suddenly have a couple more holes to fill. Less than a month before the start of spring training, the American League champions are without a manager and...

Digital currency bitcoin's quality of being ‘unconfiscatable' is a very important attribute, particularly in countries like Argentina and others where the cryptocurrency's adoption is skyrocketing at the moment. That's according...

As American aerospace giant Boeing is still dealing with the 737 Max crisis, the company's poor performance could have consequences for the entire US economy, slowing growth and affecting the...

Washington and Beijing are set to finalize the first part of their trade agreement on Tuesday, paving the way for a comprehensive accord that may end the long-running trade war...

International ratings agency Fitch affirmed Pakistan's B negative rating with a stable outlook due to a challenging external sector situation and weak fiscal and debt position. It said that steps...

French carmaker Renault and Japanese partner Nissan said on Tuesday their alliance was in no danger of being dissolved. The announcement follows a Financial Times report that Nissan was beefing...

The US government budget deficit for the calendar year that ended in December topped $1 trillion for the first time since 2012, according to US Treasury Department data released on...

Joanne Cornelius had just finished taking photos of the breathtaking waves and extreme high tide outside her home on the Oregon coast when a frantic woman pounded on her window...

The world's largest retailer, Walmart, has laid off about a third of the executives at its Indian headquarters in Gurgaon as it struggles to boost its business in the country....