The British government, backed by London's Mayor Sadiq Khan, has given the green light to the Crossrail 2 project. The £30 billion (US$39 billion) project would create a new north-south railway under London.
Russia and Turkey plan to discuss energy, limits on anti-dumping measures and import curbs on Turkish tomatoes in Izmir on August 18, Deputy Prime Minister Arkady Dvorkovich said Tuesday.
Deputy Prime Minister Arkady Dvorkovich said on Tuesday that Russia's Federal Antimonopoly Service (FAS) is scrutinizing the Schlumberger company's intention to acquire a majority stake in Russia's Eurasia Drilling Company (EDC).
South Korean officials have opened an investigation into defense acquisition contracts for F-35 and KF-X aircraft pushed for by former President Park Geun-hye, who was sentenced to prison in March for abusing the power of her office, bribery, coercion and leaking classified information.
A Hanoi-sanctioned gas drilling operation by Spanish company Repsol has ended, reportedly following threats from China to target Vietnamese bases in the South China Sea.
A US company is offering its employees an optional microchip implant to open doors, log in to computers and make food purchases on premises.
The US "is brewing another Russian scandal," this time suspecting Moscow of bankrolling US anti-fracking activists to oppose fracking and halt shale oil production. Russian experts call the allegations absurd, saying that it resembles "persecution mania."
Countries the world over risk becoming redundant if they do not engage with developing markets generally, and China in particular. The country's multi-billion dollar "Belt and Road" initiative is opening up the globe, both emerging and developed – but some nations, including the UK, simply lack the requisite infrastructure to capitalize.
The OPEC-non-OPEC Ministerial Monitoring Committee (JMMC) recommended Monday maintaining the extension of oil production cuts beyond the first quarter of 2018 as an option if further market stabilization was needed.
Nigeria is ready to implement Organization of the Petroleum Exporting Countries oil production if it were to reach the output of 1.8 million barrels a day, OPEC said Monday.
Russian Energy Minister Alexander Novak said Monday that OPEC+ compliance with the Vienna oil output cut agreement stands at a level close to 100 percent, adding that the deal helped to remove more than 350 million barrels of oil supplies from the international market.
The International Monetary Fund (IMF) has predicted a $3 decrease in oil prices in 2017 to 51.9 per barrel and $52.0 per barrel in 2018.
UK Secretary of State for International Trade Liam Fox is expected to discuss the new post-Brexit London-Washington trade deal with American officials on Monday.
Russian Energy Minister Alexander Novak is set to discuss with Kuwaiti Oil Minister Issam Abdulmohsen Almarzooq the liquefied natural gas (LNG) supplies from Russia to Kuwait.
The sum of the contracts concluded within the 13th International Aviation and Space Salon MAKS-2017 in the Russian city of Zhukovsky is estimated at 400 billion rubles ($6,7 billion), according to the press service of the Russian Ministry of Industry and Trade.
Russian Energy Minister Alexander Novak said in an interview with the Financial Times newspaper that Libya and Nigeria should join the oil output curtailment agreement after their oil production stabilizes.
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) will discuss the situation with oil production in all countries, including Libya and Nigeria, at the meeting on Monday, Russian Energy Minister Alexander Novak said Sunday.
Saudi Energy Minister and President of the OPEC conference Khalid Falih will hold bilateral talks with Russian Energy Minister Alexander Novak, OPEC Secretary General Mohammed Sanusi Barkindo said.
German government believes that relations between Germany and Russia could deteriorate because of the crisis over Siemens turbines, allegedly delivered to Crimea despite EU sanctions, local media reported on Sunday.
A labor surplus means that 10 percent of college graduates in Russia may be unable to find jobs, Sputnik News recently reported, citing a study by the Analytical Center for the Government of the Russian Federation. Encouraging investment by Chinese manufacturers might help Russia solve this problem.
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