Business

The Swiss financial regulator has granted capital market and securities dealer licenses to two blockchain companies, set to become the world's first crypto banks. The Swiss Financial Market Supervisory Authority...

More than 200 footwear manufacturers and retailers, including Nike and Foot Locker, called on US President Donald Trump to cancel the proposed higher tariffs on Chinese imports that take effect...

Russian Helicopters Holding and Yandex.Taxi have signed an agreement to develop an air taxi network in Moscow, which is to start operating in 2020. The agreement was signed at the...

Authorities in Russia's Volgograd Region have launched the construction of a 12km-long (7 miles) bypass, already dubbed Russia's largest road project for the next five years. “This project is one...

Apple co-founder Steve Wozniak has slammed Big Tech companies for monopolizing the market and abusing their power, saying Apple and others should have split up into autonomous divisions “a long...

Beijing has denied US President Donald Trump's claim that two phone calls were made by Chinese diplomats, asking for a resumption of trade talks. Trump said on Monday that China...

Telegram plans to launch its own cryptocurrency called ‘Gram' within the next two months, media reports citing the social network's investors say. The network is planning to make Gram available...

Turkish President Recep Tayyip Erdogan has set an ambitious task to increase trade turnover between Turkey and Russia to $100 billion. That is nearly four times more than the current...

A Russian Railways unmanned electric train has successfully completed testing after it managed to automatically brake in front of a mannequin. The train “Lastochka 113” (Martlet) was test-launched at a...

The OPEC+ coalition of producers achieved in July a compliance rate of 159 percent with the oil production cuts which the partners extended last month into March 2020 in their...

Almost 80 percent of Americans say they live from paycheck to paycheck. That's despite a 40-year bull market in bonds where interest rates have been declining year after year for...

Authorities in Russia's Samara Region are ready to begin construction of a 4km-long (2.5 miles) bridge across the Volga; it is the first part of an ambitious international traffic corridor...

Chinese telecom giant Huawei has started negotiations with Moscow to install the Russian operating system (OS) Aurora on 360,000 tablets, sources told Reuters. Huawei has been seeking alternatives to Google's...

A Russian aircraft leasing company has filed a lawsuit in Chicago against Boeing to cancel its purchase of the grounded 737 MAX planes in the first court case of its...

It has been a tough decade for energy traders and an even tougher 2019, with energy stocks in the S&P 500 massively underperforming their counterparts. The roller coaster ride for...

Paris and Washington have agreed a proposal to revise France's digital services tax regime, according to US President Donald Trump. He told reporters at the G7 summit on Monday that...

As the second round of Skripal-related US sanctions against Russia come into effect, experts claim they're much milder due to the fact that Washington's attention is focused on its trade...

As the trade war between the world's two largest economies heats up again, the probability of a US recession is now “the biggest concern,” says Standard Chartered Private Bank's strategist...

Tehran has discussed with Baghdad the possibility of reopening a pipeline linking Iran and Syria through Iraqi territory to avoid using the Strait of Hormuz for oil transportation in the...

The US President said Chinese officials got in touch with Washington over the ongoing trade war, calling for both sides to get back to negotiating a deal. Speaking at the...

Asian markets have sank pushing the gold to record in six years highs, as panicked investors seek safe havens for their assets after President Trump proved he is ready to...

Bank of England head Mark Carney has urged his fellow central bankers to embrace tech like Facebook's Libra to build a multipolar system, warning against "swapping one currency hegemon for...

US President Donald Trump has announced further tariffs on $250 billion in Chinese goods, upping existing 25 percent duties to 30 percent. Another $300 billion in goods due to be...

The Dow Jones saw a steep drop of 700 points following a threat from Beijing to slap new tariffs on billions of dollars in American goods – and a harsh...

David Koch – one of America's wealthiest men, with a net worth of more than $40 billion, and a major political donor – passed away on Friday aged 79. RT...

Poland will be ready to purchase large volumes of US liquefied natural gas (LNG) starting 2022 or 2023, the country's state-run natural gas company PGNiG has announced. At the present...

Beijing has finally unveiled its response to Washington's latest tariffs, vowing to hike levies on $75 billion worth of US exports and resume 25 percent tariffs on American cars. DETAILS...

Top American toy maker Hasbro has announced a deal to acquire the owner of popular children's series “Peppa Pig” Entertainment One (eOne) for approximately £3.3 billion (US$4 billion). The share...

The world's first floating nuclear power plant (NPP), designed and built by Russia, is set to start its trip across the Arctic to its ‘workplace' in the Chukotka Region and...

The Central Bank of Russia (CBR) reported on Thursday that the nation's gold and foreign exchange reserves reached $528.4 billion, rising by $1.3 billion in one week. The amount in...

London and Seoul have inked a “continuity” trade agreement to replace a similar deal between South Korea and the EU after the UK leaves the bloc. The document is aimed...

In an attempt to secure their assets amid global economic slowdown and recession signals from the US, investors are turning to gold exchange-traded funds (ETFs), accumulating the highest amounts of...

The US could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world's attempts to address climate change. The US...

China's Commerce Ministry warned the US against further escalating the trade war as it urged Washington not to proceed with new tariffs against Chinese imports, some of which are set...

The International Monetary Fund (IMF) has warned trade war rivals, China and the US, that hiking tariffs only harms both domestic and global growth. The IMF also noted that manipulating...

US President Donald Trump has lashed out at the US Federal Reserve and its chairman Jerome Powell, saying they are the only thing that is stalling America's economic growth. “The...

Massive protests, which have disrupted life in Hong Kong for weeks, may drag the city's economy down, one of the locally-headquartered lenders, Bank of East Asia, has warned after suffering...

Beijing has urged Washington to cancel the sale of American F-16 fighter planes to Taiwan, vowing sanctions against US companies that take part in the deal in order “to protect...

Retail giant Walmart is suing Elon Musk's electric car maker and energy company Tesla, accusing it of “gross negligence” and blaming Tesla's rooftop solar panels for fires at seven of...

Huawei's founder has outlined a “battle” plan to prepare the company for the consequences of the US trade ban, which comes into force in less than three months. “The company...