Alibaba founder Jack Ma blames the problems of the United States on the United States itself, as the country has spent trillions of dollars to wage war, instead of investing in infrastructure and its own people.
The 2016 Vienna oil output cut deal between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC countries will stabilize the oil industry and the global economy, providing short-, mid- and long-term stability, OPEC Secretary General Mohammed Barkindo told Sputnik on Thursday.
US President-elect Donald Trump may start off his administration with a bang, following reports of massive budget cuts to vital US agencies on Friday, when he is sworn into office.
US President-elect Donald Trump’s wrath against “out of control” F-35 expenditures may be misguided given that the price of F-35s was already scheduled to drop in 2017.
The Organization of the Petroleum Exporting Countries secretary general said that global output is unlikely to surge after the current six-month output freeze by 24 producers expires.
The UK is intending to pursue a path of global free trade rather than inter-European economic integration, meaning that for the first time in roughly a century, 'Rule Britannia' is trending again.
The US dollar had slid on Donald Trump's comments earlier this week, only to erase losses later due to the Federal Reserve Chair's bullish policy outlook, rendering market participants uncertain of the future of the US currency's FX rate.
Riyadh and Moscow intend to make sure that all the participants of the oil output deal will benefit from it, Saudi Energy Minister Khalid Falih told Sputnik.
Saudi Energy Minister Khalid Falih told Sputnik on Thursday he plans to use an upcoming meeting with his Russian counterpart Alexander Novak in Vienna to discuss monitoring oil output cuts under the Organization of the Petroleum Exporting Countries (OPEC) and non-cartel producers' deal, as well as bilateral energy relations.
The latest breakthrough by Russian companies in the Indian petrochemical sector is for the much-in-demand tubeless tyres. The JV between Sibur and India’s private petrochemical giant is for its primary material halogenated butyl rubber
In the wake of Theresa May's speech confirming Britain's secession from the EU will be of the "hard" variety, a number of major banks have announced they are reviewing their UK operations. Some have even confirmed they are relocating entire operations to the continent immediately. Will this trickle soon become a deluge?
The Saudi energy minister told Sputnik that Riyadh has already decreased its output in line with the oil deal.
This week, President-elect Donald Trump called the dollar "too strong", prompting the currency to drop to its lowest level in weeks amid market speculation that the Trump team will reject two decades-worth of US fiscal policy. Speaking to Radio Sputnik, market analyst Robert Sinche agreed that the 'strong dollar' has "outlived its usefulness."
European Commission Vice-President for Energy Union said that Ukraine is ready to buy Russian gas and has sufficient funds to do so.
Chinese online trade giant Alibaba has teamed up with some 20 global brands to fight fake goods. The agreement was signed by Louis Vuitton and Swarovski, as well as Samsung, Huawei, Sony, Samsung, Canon, and many other brand names which feature among the world’s most counterfeited.
The head of Alibaba e-retail giant Jack Ma told Sputnik on Thursday he hopes a joint venture with Russia's Sberbank would start working as soon as possible.
Azerbaijani president Ilham Aliyev said Baku would comply with new output regulations if oil producers reached a new agreement.
The Russian Constitutional Court absolved Moscow from abiding by the 2014 European Court of Human Rights (ECHR) ruling on Russia's $2-billion liability to the shareholders of the now-defunct Yukos oil firm earlier in the day.
Imports from non-CIS countries into Russia increased by 0.8 percent to total $162.87 billion last year, the Russian Federal Customs Service said on Thursday.
Beijing hopes it will settle trade rows with Washington through talks.
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