Business

Ryanair chief Michael O'Leary has become the latest high-profile business boss to admit to getting it totally wrong, describing himself as a "clown" over the fiasco that has left thousands stranded or without holidays.

Liliane Bettencourt, a French cosmetics heiress who was said to be worth US$44 billion, has died aged 94. Sputnik looks back at the bitter inheritance row with her daughter, which made "l'affaire Bettencourt" the talk of Paris a decade ago.

Norway's sovereign oil fund, the largest in the world, has exceeded the milestone value of a trillion dollars for the first time, amid a hot debate on efforts to overcome the Nordic country's "petroholism."

The Chinese Finance Ministry said that a downgrade of China’s sovereign credit rating by S&P was incomprehensible.

The controversial Comprehensive Economic and Trade Agreement between the European Union and Canada has come into force, troubling campaigners - and a campaigning group has told Sputnik the UK can expect an even worse deal once it leaves the bloc.

UK Prime Minister Theresa May's state visit to Canada this week is the latest in a series of international trips suggestive of which regions Britain will look to in order to offset the economic impact of a sharp break with the European Union.

A small but ambitious Swiss start-up seeks to tackle "terrible pollution" and "debilitating health problems" as it sets its market sights on China and other industrial countries where clean air is of vital importance.

The British Prime Minister Theresa May has arrived in Canada on Monday, September 18, with the row between Boeing and Bombardier on her agenda. Sputnik spoke to an expert who said the dispute could "escalate."

The Chair of the UK Treasury select committee has written to the Chancellor of the Exchequer urging prompt action on the issue of pensions paid to British citizens in Europe - an insurance industry expert has told Sputnik the problem is potentially "really serious" and could affect millions of people.

According to China's ambassador to Russia, bilateral trade between China and Russia over the course of the first seven months of this year has increased by almost 25 percent.

According to a Rosneft press release, the company plans to team up with Iraqi Kurdistan to launch a pipeline in 2019 to export gas to Turkey and Europe.

Sanctions against Pyongyang have barely stopped the nation from going on with the development of weapons of mass destruction, as well as the sale of its own military hardware to other countries. In a detailed report, the South China Morning Post summarized several means by which Pyongyang avoids the international obstacles to trade and commerce.

Beijing is angry with Washington for preventing its purchase of a US chip-making company, and has directed its media to express displeasure with the move.

The use of solar power doubled globally in 2016 and is on track to double again over the next two years.

Assisting Tehran with sidestepping an ongoing Washington sanctions regime against the country, China has opened a $10 billion line of credit intended to finance energy, transportation, water and other key Iranian infrastructure projects.

Extreme conditions, including natural and man-made disasters, might cause disruptions to the work of ATMs and bank branches, as well as bank card terminals at retail locations, rendering consumers in the affected areas unable to acquire the cash they need to survive.

Vladimir Putin stated that Gazprom is planning to invest up to 100 billion rubles in the small former Soviet republic of Kyrgyzstan in central Asia.

Financial services company Standard & Poor’s confirmed Russia's lackluster credit rating, but this hasn't hindered foreign investment influx in the country. Russia's Finance Minister believes that investors are attracted to Russia’s economic flexibility and the maturity of its macroeconomic policies.

The US decision to stop using Kaspersky software is an attempt to squeeze a successful Russian company out of the cybersecurity market, meaning that free competition makes sense to Americans only when it serves their interests, political analysts told Radio Sputnik.

As North Korea conducted a new missile launch earlier today, Sputnik spoke to experts about the economic impact of potential military escalation on the Korean Peninsula.