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Russia holds vast foreign exchange reserves, a large chunk of which are held offshore, having the potential to upend money markets. The country had international reserves totaling $630 billion at the end of January, consisting of $467 billion in foreign…
Frozen pork imports nearly tripled in the first 10 months of this year to 332,000 tons, according to the General Department of Vietnam Customs. Also imported were 350,000 pigs on the hoof from Thailand, a 50 percent increase year on year. Together they cost…
Earlier this spring, Google made the smart move to permit its Android Auto app-mirroring dashboard display software to become compatible with third-party apps. This was after it was fined $123 million in Italy, for its monopolistic actions in refusing to…
Apple has just been fined $12M by Russian antitrust authorities, according to a report from The Moscow Times. The tech giant has been sued by Kaspersky, a large cybersecurity company, for unfair treatment and an antitrust violation—something that’s been…
America’s Citigroup will exit 13 international consumer banking markets, including Vietnam, to shift its focus to four wealth centers. The move is part of the bank’s strategic decision to direct investments and resources to businesses with the greatest scale…
Honda Motor Company has said that it won’t be supplying new cars to its authorized dealers in Russia in 2022 as the company is trying to restructure its operations. The Japanese automaker has confirmed that it would keep its presence in the Russian market…
Russia is reportedly seeking to replace Wikipedia with a state-run online encyclopedia as it accelerates plans for a “sovereign internet”. According to a Reuters report, Russia plans to spend around $30 million setting up the Wikipedia replacement and…
Alibaba Group has formed a US$2 billion joint venture AliExpress Russia to create a major e-commerce venture in the Russian-speaking market. Alibaba and the Russian government-backed RDIF sovereign wealth fund will each invest US$100 million in the venture…
VinFast’s sedan and SUV Lux images were found in the database of the Russian Federal Service for Intellectual Property (Rospatent). “Clearly, the Vietnamese automobile brand with BMW’s platform is approaching really close to the Russian market,” the news site…
JD.com, the second largest e-commerce player in China, could be returning to Russia soon according to a recent Kommersant report. JD previously entered the Russian market in 2015, but retreated a year later after struggling with cross-border logistics issues,…
Japan Tobacco has agreed to buy Donskoy Tabak, Russia’s fourth-largest cigarette maker, for $1.6 billion in a bid to reinforce its leading position in the country. One of the world’s biggest tobacco companies, whose global brands include Winston and Camel,…
Indonesia has inked a billion-dollar deal to buy 11 Sukhoi Su-35 jets from Russia, an official said Saturday. The contract, signed by both countries’ representatives in Jakarta on Wednesday, is worth a total US$1.14 billion (RM4.43 billion), Indonesia defence…
The president of Russian Railways, Oleg Belozerov, proposed a high-speed cargo railway connection between Europe and China, allowing transport of goods to take as little as two days. “We plan to reach China via Kazakhstan and to carry special, high-profit…
Every time Chinese President Xi Jinping visits Russia, he asks for some Russian ice cream. As a result of this craving, Russian President Vladimir Putin presented a whole box of ice cream to his Chinese counterpart at the G20 summit. Chinese tourists share…
Indonesian Ambassador to Russia and Belarus Wahid Supriyadi has opened Indonesian House in the easternmost Russian city of Vladivostok to promote Indonesian products. The opening of the Indonesian House took place on the sidelines of Eastern Economic Forum,…
EVER get that sinking feeling when the last of the battery drains from your mobile phone while in the middle of something? What makes it worse is that you haven’t got your power bank with you, and there’s not a plug point in sight! Now, a cute-looking product…
