The new strategy of Russia's Rosneft oil company will be based on a qualitative change in its business through technological breakthrough and the use of digital technologies, Rosneft CEO Igor Sechin said Thursday, adding that the company will create an expert council to oversee these changes.
Two Russian directors in Rosneft's new board have been replaced by new shareholders, namely the Qatar state fund and Swiss trading and commodities giant Glencore, after they had bought almost a 20 percent stake in company earlier this year.
A video uploaded online in August 2016 depicted the test drive of an “elevated bus” that cars could easily drive underneath. The video prompted awe and controversy – but now it seems the experimental bus project has come to a crashing halt.
A new report by Eight Advisory has said that Britain must prioritize higher education and the business sector after Brexit in order to retain its competitiveness globally.
In January 2017 US President Donald Trump thanked car manufacturer Ford for not building a million dollar plant in Mexico. However, it appears that the president may have to withdraw his gratitude as Ford has decided instead to move the production of the Ford Focus to China.
The delegations from Japan, Thailand and China to take part in East Russia Oil and Gas Forum.
Russia's Gazprom energy company is not adjusting the timing and options of raising funds for its Nord Stream 2 pipeline project because of new US sanctions, Deputy Chairman of Gazprom's Management Committee Andrey Kruglov said Thursday.
Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline project, has hold preliminary consultations with Chinese banks, discussing the possibility to attract long-term investments for funding the project, the Russian Vedomosti newspaper reported on Thursday.
A recent survey found that Chinese economists are optimistic about the country’s economic future. They predict China’s economic growth for this year at 6.6 percent, which would mean China’s economic aggregate needs only until 2034 to catch up with that of the US.
A city in China has chosen to continue to allow the consumption of dog meat at an annual festival, despite earlier claims that it would ban the practice.
A materials company in northern China’s Tianjin municipality plans to build a 5-kilometer green demonstration road in Moscow using asphalt modified from the rubber powder of scrapped tires.
Russian Prime Minister Medvedev on Wednesday congratulated the Royal Dutch Shell company on the occasion of its 125th anniversary of working in Russia, and stressed that the company is deeply integrated in the Russian economy and is one of Russia's main foreign investors.
The Pentagon unnecessarily spent big on Afghan army uniforms that are the wrong color because the guy in charge of making the choice “liked what he saw.”
The economy should not be utilized as a political weapon, but instead as a tool to help bolster cooperation between nations, Austrian Federal Economic Chamber President Christoph Leitl said Wednesday.
Moscow and Riyadh could cooperate on building wind farms in Saudi Arabia.
US sanctions against Moscow are threatening rebounding Russian-Italian cooperation, according to the board chairman of Banca Intesa Russia.
President Putin said it was important to explain the benefits of the Nord Stream-2 gas pipeline to partners.
China has almost caught up with Turkey in imports of Russian foodstuffs.
Moscow is interested in constructing a spent nuclear fuel storage facility in Brazil, President Putin said.
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