The Central Bank of Mexico will provide up to $20 billion in currency hedges to aid the national currency that has seriously depreciated over the last months, the bank said in a statement.
AvtoVaz's new sedan design, the Lada Vesta, has gone on sale in Germany. With an attractive base price tag of just €12,490, and an impressive list of standard features, the small family sedan will compete against the likes of Skoda, Fiat and Citroen.
HSBC's net profits fell 82 percent in 2016, damaged by falling profit margins, non-existent interest rates and ever-increasing regulation - and a financial analyst has told Sputnik other UK banks' annual results could be similarly dire, on much the same basis.
Russian Ministry of Industry and Trade said that Daimler will invest at least 15 billion rubles ($250 million) during a nine-year period into a project of Mercedes car plant in the Moscow Region.
Commenting on the protectionist policy of the new administration of President Trump which is aimed at stimulating local manufacturing by increasing import taxes from such countries as China and Mexico, Director of Consulting Agency 4E Consultoria Juan Jensen told Sputnik Brazil why his country is set to benefit from it.
Turkish Foreign Minister said that negotiations with Russia on deliveries of advanced S-400 Triumf air defense systems to Turkey are progressing successfully.
From February 21 to 23, five representatives of the Italian business and investment community are visiting the Donetsk People's Republic to see the situation on the ground and develop contacts within the local business circles. Ahead of their visit, Sputnik Italia has met with the head of the delegation to learn what they expect from their trip.
Recently, the Russian embassy to Norway issued a dismal overview of the countries' once-flourishing bilateral relations, calling the poor level of cooperation "unacceptable." Incidentally, this attitude is shared by ordinary Norwegians, particularly in the northern part of the country, which has historically enjoyed close ties with Russia.
Car and student loan delinquencies are on the rise in the US, as well as origination of this type of debt to subprime borrowers, which might result in a consumer debt meltdown similar in nature, if not in scale, to that of 2007-2008.
Preliminary data suggest a robust acceleration in the Eurozone's economy in the current quarter; however, the discrepancies in the pace of growth between member states and political risks might deepen the cracks in the bloc's unity.
The Organization of the Petroleum Exporting Countries (OPEC) expects higher compliance with agreements on cutting oil production in the coming months, OPEC Secretary General Mohammed Barkindo said Tuesday.
Ukraine has become the largest importer of meat and beer from Russia, according to the latest statistics from Russia's Federal Customs Service. And while many experts believe this is due to supplies being shipped specifically to the Donbass region, economist Viktor Efimov explained to Radio Sputnik why it can't be the only reason.
Iraqi Kurdistan will supply oil to Rosneft refineries, according to a recently signed contract.
The subsidiary of Russia's Gazpromneft has signed a contract with Japan's Hakuryu 5 company to rent its drilling rig to construct an exploration well in the Russian continental shelf, the company said Tuesday.
If you are looking for a job abroad, there might be work for you in North Korea. The first privately funded North Korean university is looking for an English teacher to work in Pyongyang for several years.
Russian Energy Minister Alexander Novak said that Russia is cutting down its oil production in February ahead of the OPEC deal schedule.
Industry and Trade Minister said that Russia and the United Arab Emirates agreed to cooperate on the construction of railways, paper mills and other infrastructure projects in Russia.
According to reports Alexey Miller met Rainer Seele, the head of Austria's OMV energy company, to discuss Nord Stream 2 pipeline project among other issues.
A former Uber engineer has made serious allegations of sexual harassment and discrimination at the firm's offices, and claimed management repeatedly dismissed her complaints, protected a repeat offender and threatened to sack her for raising concerns - just the latest in a litany of scandals to rock the firm.
Since the UK voted to leave the EU nearly eight months ago, there have been concerns of a post-Brexit tech exodus, in which companies would look to relocate elsewhere in the EU. Amazon, however, are only the latest tech giant to announce they will be expanding their workforce in Britain.
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