MOSCOW (Sputnik) - Philippine President Rodrigo Duterte on Friday called Russia a priority trade and investment market for his country and praised robust economic ties.
According to the company, the businessman will leave his seat in March, after 40 years working with BP, ten of which saw him heading the oil giant.
BRUSSELS (Sputnik) - European producers of wine and Scotch whisky, which were unexpectedly caught in the middle of EU-US dispute over Airbus subsidies, said US decision to punish them with huge tariffs in response to the unrelated standoff came as a "cold shower," which, if tariffs take effect, would have far-reaching consequences for the industry.
GENOA (Sputnik) - The European Union should develop an urgent intervention plan to mitigate the negative effects from the new US tariffs on the Italian cheese and other popular European food products, Nicola Bertinelli, president of the Parmigiano Reggiano (the official name of the original Parmesan cheese) Consortium, said.
SOCHI (Sputnik) - Russia is offering to the Philippines to build floating nuclear power plants (NPP) for the island nation in western Pacific, Director General of Rosatom State Atomic Energy Corporation Alexei Likhachev said Thursday following a meeting between Russian President Vladimir Putin and Philippines President Rodrigo Duterte.
US markets began a major slide on Tuesday morning after the release of a report on US manufacturing showing industrial activity falling to its lowest level since June 2009 in September.
Norway, western Europe’s biggest crude producer, had begun to make deposits into its $1 trillion wealth fund for the first in almost three years last August, against a backdrop of climbing oil prices and a recovering economy; and the recent withdrawal was driven by the bearish oil price outlook.
The new tariffs, announced by the US Trade Representative’s office on Wednesday, will snap into place later this month in response to European Union nations’ subsidies for European aircraft giant Airbus, with European producers and US importers bracing for losses.
WASHINGTON (Sputnik) - The United States has won its $7.5 billion Airbus subsidies case and is requesting the World Trade Organization (WTO) to approve 10 percent tariffs on civil aircraft from the European Union, the Office of the US Trade Representative said in a press release.
MOSCOW (Sputnik) - Moscow will be ready to become Havana's strategic partner in the peaceful use of atomic energy if Cuba decides to create its own nuclear power industry, First Deputy Chief of the Russian Government Staff Sergei Prikhodko said.
Businesses such as SeaWorld and Loro Parque may see decreases in revenue following travel site TripAdvisor’s latest animal welfare policy update, which seeks to curb commercial profits from whale and dolphin captivity.
Senior US Trade Representative (USTR) officials revealed Wednesday that the US will be imposing new tariffs on European Union products, specifically on aircraft and agricultural goods, among others.
US stocks fell on Wednesday for the second day in a row for a two-day loss of more than 800 points, only accelerating fears that an economic slowdown is on the horizon.
Russia created its own payment network, called the ‘System for the Transfer of Financial Messages’ (Russian acronym SPFS) after Western countries tried to cut Moscow off from the SWIFT payment system in 2014 in the wake of the Ukraine crisis.
Last month, Airbus CEO Guillaume Faury warned US President Donald Trump that his plan to slap tariffs on the European aviation business could rebound on the American economy.
New Delhi (Sputnik): The International Monetary Fund (IMF) approved in July a $6 billion bailout package under a 39-month extended arrangement to help Pakistan to reduce its economic vulnerabilities and generate sustainable and balanced growth.
MOSCOW (Sputnik) - The Russian Direct Investment Fund (RDIF) and Saudi petrochemical company SABIC plan to implement many projects in Russia, RDIF CEO Kirill Dmitriev said on Wednesday.
Russia has steadily built up its foreign exchange and gold reserves in recent years, amassing a hoard of over 2,200 tonnes of bullion, and total foreign exchange reserves worth the equivalent of $529 billion as of September 1.
New Delhi (Sputnik): Amid reports of China persuading several Asian countries to seal the Regional Comprehensive Economic Partnership (RCEP) agreement without India, New Delhi has softened its stance on several issues including its reservations against the opening of some crucial sectors including farming and dairy.
MOSCOW (Sputnik) - Russian Energy Week will open in Moscow on Wednesday with a plenary session featuring President Vladimir Putin, OPEC Secretary-General Mohammed Barkindo and chiefs of world energy companies.