Former Russian Economy Minister Aleksey Ulyukayev, jailed for 8 years after extorting a $ 2 million bribe, has begun his sentence at a penal colony, the TASS news agency reported on Thursday. Russian Justice Ministry’s Federal Service for Execution of Punishment, that manages the country’s prison system confirmed the reports but did not disclose the […]
Thanks to Vladimir Putin’s resolute decisions the Chechen people have defeated terrorism and restored the economy in the republic, Ramzan Kadyrov said ahead of the Russian Presidential Inauguration ceremony. “Chechnya has transformed. We all remember that 18 years ago we had no schools, no roads and no infrastructure, the economy was on the lowest possible […]
As trade tensions threaten to boil over between the two nations, US President Donald Trump insists his Chinese counterpart Xi Jinping will scrap barriers to commerce “because it is the right thing to do.” Washington is seeking to cut a deal with the Chinese government to eradicate a trade deficit and allow US products to […]
Islamabad: Pakistan’s economy is set to surpass last year’s decade-high growth of 5.3 per cent in the current fiscal year 2017-18 but would remain short of the target set by the government, the country’s central bank said on Saturday. The economy will remain at risk of a widening current account deficit, which is a combination […]
The latest extension of economic sanctions by the European Union will not harm Russia’s economy and may even benefit some of its branches, according to an MP representing the opposition party, Fair Russia. Read more “This was a well-expected move, because the European Union is not an independent subject in international politics, it remains under […]
LEO YAO thought he had nothing to fear from the environment ministry. Before, when its inspectors visited his cutlery factory, he says, they generated “loud thunder, little rain”. After warning him to clean up, they would, at worst, impose a negligible fine. Not so this time. In August dozens of inspectors swarmed over his workshop […]
London: Prince Harry`s wedding to American actress Meghan Markle could provide a 500 million pound boost to Britain`s economy as tourists flock to the country and Britons celebrate, according to an estimate. Harry, Queen Elizabeth`s grandson and fifth-in-line to the throne, will tie the knot with Markle on May 19 at Windsor Castle, the royal […]
A FEW years ago, the news about the euro-zone economy was uniformly bad to the point of tedium. These days, it is the humdrum diet of benign data that prompts a yawn. Figures this week show that GDP rose by 0.6% in the three months to the end of September (an annualised rate of 2.4%). […]