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Russian PM calls on government to go beyond ‘dry figures’ to address poverty

The Russian government should do more to help its 19 million citizens living below the poverty line, said Prime Minister Dmitry Medvedev. He suggested providing better-targeted assistance to the poor than just statistics. Read Full Article at RT.com
RT Business

Russian PM calls on government to go beyond ‘dry figures’ to address poverty

The Russian government should do more to help its 19 million citizens living below the poverty line, said Prime Minister Dmitry Medvedev. He suggested providing better-targeted assistance to the poor than just statistics. Read Full Article at RT.com

US investor & top partners of Baring Vostok equity fund detained in Moscow on fraud allegations

A court in Moscow has ordered the detention of the founder and senior partner of Baring Vostok private equity, as part of an ongoing inquiry into fraud allegations. Other employees were also taken into custody. Read Full Article at RT.com
RT Business

US investor & top partners of Baring Vostok equity fund detained in Moscow on fraud allegations

A court in Moscow has ordered the detention of the founder and senior partner of Baring Vostok private equity, as part of an ongoing inquiry into fraud allegations. Other employees were also taken into custody. Read Full Article at RT.com

Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry

The US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added. Read Full Article at RT.com
RT Business

Russia will launch Arctic LNG 2 project even if US sanctions scare off investors – Finance Ministry

The US bill introducing new sanctions against Russia aims to sabotage the Arctic LNG 2 project, according to Russian Finance Minister Anton Siluanov. But Moscow will launch the project even if it has to do it on its own, he added. Read Full Article at RT.com

Russia calls latest US sanctions ‘just another schizoid story’

Russia is not afraid of sanctions and new penalties won’t hugely harm the economy, according to Prime Minister Dmitry Medvedev. However, he added that the measures may slow development. Read Full Article at RT.com
RT Business

Russia calls latest US sanctions ‘just another schizoid story’

Russia is not afraid of sanctions and new penalties won’t hugely harm the economy, according to Prime Minister Dmitry Medvedev. However, he added that the measures may slow development. Read Full Article at RT.com

No way back for Nord Stream 2 pipeline project – Germany

The Nord Stream 2 gas pipeline project, controlled by Russian energy giant Gazprom, is unlikely to be cancelled, according to Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union (CDU). Read Full Article at RT.com
RT Business

No way back for Nord Stream 2 pipeline project – Germany

The Nord Stream 2 gas pipeline project, controlled by Russian energy giant Gazprom, is unlikely to be cancelled, according to Annegret Kramp-Karrenbauer, the new leader of Germany’s Christian Democratic Union (CDU). Read Full Article at RT.com

Boom Bust asks if the bubble is bursting as record number of Americans fall behind on car payments

Soaring car-loan debt in the US is a disturbing sign for the economy, showing that the middle class is in “serious economic trouble” as people sacrifice their basic necessities, Professor of Economics Richard Wolff believes. Read Full Article at RT.com
RT Business

Boom Bust asks if the bubble is bursting as record number of Americans fall behind on car payments

Soaring car-loan debt in the US is a disturbing sign for the economy, showing that the middle class is in “serious economic trouble” as people sacrifice their basic necessities, Professor of Economics Richard Wolff believes. Read Full Article at RT.com

Chinese exports surge despite gloomy forecasts as trade spat with US remains unsolved

Sales of Chinese goods abroad saw a dramatic upsurge in January, according to the latest statistics from China’s General Administration of Customs (GAC). Imports also dropped far less than analysts predicted. Read Full Article at RT.com
RT Business

Chinese exports surge despite gloomy forecasts as trade spat with US remains unsolved

Sales of Chinese goods abroad saw a dramatic upsurge in January, according to the latest statistics from China’s General Administration of Customs (GAC). Imports also dropped far less than analysts predicted. Read Full Article at RT.com

Airbus to stop production of world's largest passenger airliner A380

Europe's aerospace group Airbus has announced it is set to stop making the A380 super-jumbo after its biggest customer, Emirates, reduced the number of orders for the world’s biggest passenger jet. Read Full Article at RT.com
RT Business

Airbus to stop production of world's largest passenger airliner A380

Europe's aerospace group Airbus has announced it is set to stop making the A380 super-jumbo after its biggest customer, Emirates, reduced the number of orders for the world’s biggest passenger jet. Read Full Article at RT.com

US warns the world against buying Venezuelan oil

US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. Read Full Article at RT.com
RT Business

US warns the world against buying Venezuelan oil

US National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country said it wants to sell more oil to the fast-growing Indian market. Read Full Article at RT.com

Lampert's Plan for Sears: Smaller Stores, Less Apparel

Edward Lampert, who steered Sears into bankruptcy and kept it alive with a $5.2 billion offer for its assets, says he will sell or sublease some of the 425 remaining stores, devote extra space to tools and appliances, and open more smaller stores.
WSJ.com: US Business

Lampert's Plan for Sears: Smaller Stores, Less Apparel

Edward Lampert, who steered Sears into bankruptcy and kept it alive with a $5.2 billion offer for its assets, says he will sell or sublease some of the 425 remaining stores, devote extra space to tools and appliances, and open more smaller stores.

Levi Strauss Looks Beyond Jeans With IPO

Levi Strauss, which invented bluejeans and dominated the category for more than a century, is looking to go beyond denim. It hopes to raise more than $600 million with an IPO.
WSJ.com: US Business

Levi Strauss Looks Beyond Jeans With IPO

Levi Strauss, which invented bluejeans and dominated the category for more than a century, is looking to go beyond denim. It hopes to raise more than $600 million with an IPO.

Former Apple Lawyer Charged With Insider Trading

The former Apple executive who enforced the company’s insider-trading policies was charged criminally with violating those rules by allegedly dumping over $10 million in stock before the company announced it missed a metric for iPhone sales.
WSJ.com: US Business

Former Apple Lawyer Charged With Insider Trading

The former Apple executive who enforced the company’s insider-trading policies was charged criminally with violating those rules by allegedly dumping over $10 million in stock before the company announced it missed a metric for iPhone sales.

Cisco Evades Trade Fallout as Revenue, Profit Rise

Cisco Systems boosted its quarterly dividend and stock buyback program following a strong quarter in which revenue growth beat Wall Street targets.
WSJ.com: US Business

Cisco Evades Trade Fallout as Revenue, Profit Rise

Cisco Systems boosted its quarterly dividend and stock buyback program following a strong quarter in which revenue growth beat Wall Street targets.

GE Power Has a $92 Billion Backlog. For the New Boss, That's a Problem.

The turnaround of General Electric depends on the revival of its core power business, a reversal that will require CEO Larry Culp to churn through a $92 billion sales backlog marred by low-margin projects.
WSJ.com: US Business

GE Power Has a $92 Billion Backlog. For the New Boss, That's a Problem.

The turnaround of General Electric depends on the revival of its core power business, a reversal that will require CEO Larry Culp to churn through a $92 billion sales backlog marred by low-margin projects.

As US piles on sanctions, foreign investors pour more money into Russia

Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into Russian bonds despite US sanctions. Read Full Article at RT.com
RT Business

As US piles on sanctions, foreign investors pour more money into Russia

Russian companies’ stocks attracted the most foreign investment in 5 years, adding nearly $576 million in January, the Central Bank of Russia reported. Investors also actively poured money into Russian bonds despite US sanctions. Read Full Article at RT.com

Nothing stopping Russian-German trade turnover's rapid growth

Trade turnover between Russia and its second largest trade partner, Germany, increased 8.4 percent and reached nearly €62 billion ($70 billion) in 2018 compared to previous year, according to the German trade lobby. Read Full Article at RT.com
RT Business

Nothing stopping Russian-German trade turnover's rapid growth

Trade turnover between Russia and its second largest trade partner, Germany, increased 8.4 percent and reached nearly €62 billion ($70 billion) in 2018 compared to previous year, according to the German trade lobby. Read Full Article at RT.com

If you bought Apple stock instead of the original iPhone, which would be the better investment?

The first smartphone, designed and marketed by Apple, hit the shelves in June 2007. The original iPhone, known as the iPhone 2G, became a revolutionary gadget combining a mobile phone, a mobile browser, and a media player. Read Full Article at RT.com
RT Business

If you bought Apple stock instead of the original iPhone, which would be the better investment?

The first smartphone, designed and marketed by Apple, hit the shelves in June 2007. The original iPhone, known as the iPhone 2G, became a revolutionary gadget combining a mobile phone, a mobile browser, and a media player. Read Full Article at RT.com

Bulgaria freezes accounts of Venezuelan state oil firm after Washington ‘tip-off’

Authorities in Bulgaria have blocked transfers out of bank accounts belonging to Venezuelan state-controlled energy corporation PDVSA, according to Bulgaria’s chief prosecutor Sotir Tsatsarov. Read Full Article at RT.com
RT Business

Bulgaria freezes accounts of Venezuelan state oil firm after Washington ‘tip-off’

Authorities in Bulgaria have blocked transfers out of bank accounts belonging to Venezuelan state-controlled energy corporation PDVSA, according to Bulgaria’s chief prosecutor Sotir Tsatsarov. Read Full Article at RT.com

Beacon leads $6.5m investment in Jitta

Beacon Venture Capital, a corporate venture capital arm of Kasikornbank, led a funding round of US$6.5 million for Jitta, a Thai WealthTech startup that offers high-tech solutions for investors worldwide. The funding round, which is the biggest pre-series
NationMultimedia.com - business

Beacon leads $6.5m investment in Jitta

Beacon Venture Capital, a corporate venture capital arm of Kasikornbank, led a funding round of US$6.5 million for Jitta, a Thai WealthTech startup that offers high-tech solutions for investors worldwide. The funding round, which is the biggest pre-series A round for a Thai startup, will help promote innovation in the country’s WealthTech industry and prepare Jitta for global expansion,

EXIM backs Japanes ski resort homes

Export-Import Bank of Thailand (EXIM) and Property Perfect signed a loan agreement to provide credit worth 7.5 billion yen to finance the company’s Yu Kiroro condominium project, the first ski-in and -out condominium at the Kiroro Resort, Hokkaido.
NationMultimedia.com - business

EXIM backs Japanes ski resort homes

Export-Import Bank of Thailand (EXIM) and Property Perfect signed a loan agreement to provide credit worth 7.5 billion yen to finance the company’s Yu Kiroro condominium project, the first ski-in and -out condominium at the Kiroro Resort, Hokkaido.

Logistics firm eyes regional expansion

Triple I Logistics said it spent more than Bt500 million to complete its deal on the purchase of a 50 per cent stake in Around Logistics Hong Kong, stepping up as a sales agent of freight for airlines in the region.
NationMultimedia.com - business

Logistics firm eyes regional expansion

Triple I Logistics said it spent more than Bt500 million to complete its deal on the purchase of a 50 per cent stake in Around Logistics Hong Kong, stepping up as a sales agent of freight for airlines in the region.

Venezuelan opposition could soon take over Citgo

The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s US refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil company. Read Full Article at RT.com
RT Business

Venezuelan opposition could soon take over Citgo

The Venezuelan opposition led by Juan Guaido could soon become the owner of PDVSA’s US refining business, Citgo, in what would only deepen the chaos surrounding the country’s state oil company. Read Full Article at RT.com

ABeam expands data analytics service with Singapore acquisition

ABeam Consulting has concluded an agreement to acquire 70 per cent of shares in data analytics powerhouse LightStream Analytics in Singapore. The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service throughout Southeast A
NationMultimedia.com - business

ABeam expands data analytics service with Singapore acquisition

ABeam Consulting has concluded an agreement to acquire 70 per cent of shares in data analytics powerhouse LightStream Analytics in Singapore. The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service throughout Southeast Asia, starting in Singapore.

BuzzFeed News Employees Vote to Unionize

Employees at BuzzFeed News have voted to unionize, weeks after executives at the digital-media company announced substantial layoffs to steer the startup to profitability.
WSJ.com: US Business

BuzzFeed News Employees Vote to Unionize

Employees at BuzzFeed News have voted to unionize, weeks after executives at the digital-media company announced substantial layoffs to steer the startup to profitability.

Apple Loses Ground to Huawei in China

Shipments of Apple’s iPhone in China slumped far more than overall smartphone shipments there last quarter, while local rival Huawei’s sales soared in the world’s biggest smartphone market.
WSJ.com: US Business

Apple Loses Ground to Huawei in China

Shipments of Apple’s iPhone in China slumped far more than overall smartphone shipments there last quarter, while local rival Huawei’s sales soared in the world’s biggest smartphone market.

Publishers Chafe at Apple's Terms for Subscription News Service

Apple’s plan to create a subscription service for news is running into resistance from major publishers who are balking at proposed financial terms.
WSJ.com: US Business

Publishers Chafe at Apple's Terms for Subscription News Service

Apple’s plan to create a subscription service for news is running into resistance from major publishers who are balking at proposed financial terms.

Nissan Rebuffed French Push for Renault Merger

The French government engaged directly in discussions with Nissan early in 2018 about the possibility of a full-blown merger with Renault, and Nissan made clear its opposition to the idea.
WSJ.com: US Business

Nissan Rebuffed French Push for Renault Merger

The French government engaged directly in discussions with Nissan early in 2018 about the possibility of a full-blown merger with Renault, and Nissan made clear its opposition to the idea.

Amazon Slashed Prices at Whole Foods; Now They're Going Up

Whole Foods is raising prices again. Amazon cut prices after acquiring the grocer in 2017, but pressure from consumer-product makers has led Whole Foods to raise prices on hundreds of products.
WSJ.com: US Business

Amazon Slashed Prices at Whole Foods; Now They're Going Up

Whole Foods is raising prices again. Amazon cut prices after acquiring the grocer in 2017, but pressure from consumer-product makers has led Whole Foods to raise prices on hundreds of products.

Cheap ticket trick? Lufthansa airline sues passenger for missing flight

Germany’s Lufthansa airline wants to punish a passenger who allegedly took advantage of their ticket pricing by ditching the last leg of a booked flight. The case may put an end to a loophole exploited by seekers of cheap flights. Read Full Article at RT.co
RT Business

Cheap ticket trick? Lufthansa airline sues passenger for missing flight

Germany’s Lufthansa airline wants to punish a passenger who allegedly took advantage of their ticket pricing by ditching the last leg of a booked flight. The case may put an end to a loophole exploited by seekers of cheap flights. Read Full Article at RT.com

Blast from the past: Putin wants Russian civilian air travel to go supersonic once again

Russian President Vladimir Putin has backed the idea of a domestically-built supersonic passenger aircraft based on the “brilliant” Tu-160 strategic bomber recently developed for the military. Read Full Article at RT.com
RT Business

Blast from the past: Putin wants Russian civilian air travel to go supersonic once again

Russian President Vladimir Putin has backed the idea of a domestically-built supersonic passenger aircraft based on the “brilliant” Tu-160 strategic bomber recently developed for the military. Read Full Article at RT.com

History made: US national debt tops $22 trillion

The US national debt has climbed above $22 trillion. It is projected to continue rising by a trillion each year over the next decade, due to the cost of pensions and medical care for the retiring Baby Boomers. Read Full Article at RT.com
RT Business

History made: US national debt tops $22 trillion

The US national debt has climbed above $22 trillion. It is projected to continue rising by a trillion each year over the next decade, due to the cost of pensions and medical care for the retiring Baby Boomers. Read Full Article at RT.com

SCG expanding services, products in Cambodia

SET-LISTED Siam Cement Group (SCG) plans to expand new service solutions and retail operations in Cambodia to tap opportunities in the country’s growing construction industry and changing consumers’ behaviour, its Cambodia country director, Somwang
NationMultimedia.com - business

SCG expanding services, products in Cambodia

SET-LISTED Siam Cement Group (SCG) plans to expand new service solutions and retail operations in Cambodia to tap opportunities in the country’s growing construction industry and changing consumers’ behaviour, its Cambodia country director, Somwang Manpimonchai, said. 

Jeff Bezos' Journey From Private Family Man to Tabloid Sensation

The Amazon CEO cultivated a persona of the billionaire who did dishes, until his company moved into Hollywood. There, he took on the trappings of a very different lifestyle, where people and events are much harder to control.
WSJ.com: US Business

Jeff Bezos' Journey From Private Family Man to Tabloid Sensation

The Amazon CEO cultivated a persona of the billionaire who did dishes, until his company moved into Hollywood. There, he took on the trappings of a very different lifestyle, where people and events are much harder to control.

KPMG Ex-Partner Goes on Trial in 'Steal the Exam' Scandal

A criminal trial that starts Monday may shed more light on a high-profile scandal at the Big Four accounting firm: an effort to help it look better to its regulator that prosecutors say broke the law.
WSJ.com: US Business

KPMG Ex-Partner Goes on Trial in 'Steal the Exam' Scandal

A criminal trial that starts Monday may shed more light on a high-profile scandal at the Big Four accounting firm: an effort to help it look better to its regulator that prosecutors say broke the law.