Home / World (page 120)

World

World’s 400 richest get richer, adding $92bn in 2014

The 400 richest billionaires in the world added another $92 billion to their names in 2014 and now sit on assets worth $4.1 trillion, but Russia’s super-wealthy have been hit by economic problems resulting from the Ukraine crisis. The biggest winner in 2014 was China’s Jack Ma, who co-founded the …

Read More »

CNN to Stop Broadcasting in Russia

CNN will cease broadcasting in Russia following the recent passage of a law that puts limits on media companies’ foreign ownership. In October, Russian President Vladimir Putin signed a law requiring foreign-owned media companies in Russia to cut non-Russian ownership to 20 percent by the end of 2016, Bloomberg reports.

Read More »

HSBC Russia: Country’s Purchasing Managers’ Index

Input prices rise at fastest rate since October 1998 Fastest rise in output prices since data first collected in January 2003 Headline PMI* falls below 50.0 as new orders decline and output stalls The Russian manufacturing sector continued to endure surging inflationary pressures due to the collapsing ruble at the end of 2014, …

Read More »

Turkey, Kyrgyzstan agree to boost trade volume

Turkey signed a memorandum of understanding with Kyrgyzstan aimed at increasing trade the volume to $1 billion between the two countries on Dec. 26. Speaking at the Eighth Turkey-Kyrgyzstan Joint Economic Commission, which was held in Bishkek, Turkish Deputy Prime Minister Numan Kurtulmuş said, “The agreement will serve as a …

Read More »

The year 2014 to go down in history for “workplace murders”

The year 2014 will be remembered as one of the deadliest years for work-related accidents in Turkish history because of the unfortunate number of incidents caused by work safety lapses. This year Turkey has had one of the world’s worst workplace safety records, as lax safety standards exacerbated by negligence …

Read More »

World Bank cuts Turkey’s growth forecast for 2014

The World Bank has cut Turkey’s 2014 growth forecast while keeping 2015 estimates unchanged according to new data from the financial institution yesterday. “The World Bank lowered the 2014 growth estimate to 3.1 percent, but is keeping the 2015 forecast unchanged at 3.5 percent against the backdrop of improving external …

Read More »

Azerbaijan prepares to borrowings on local, international capital markets

In 2015, the ministry of finance of Azerbaijan intends to explore the conjuncture on the domestic and international financial markets for placement of government bonds with face-value in foreign and local currencies. Azerbaijani President Ilham Aliyev gave relevant instruction in the decree on the application of the law “On State …

Read More »

Slovakia to build new pipeline to Turkey via Ukraine

Slovakian natural gas pipeline operator Eustream is planning to build a new pipeline that will reach Turkey through Ukraine, the Russian TASS News Agency reported on Thursday. “The new pipeline will be called Eastring,” Eustream spokesperson Vahram Chuguryan told TASS. The new pipeline will start from the Slovakia-Ukraine border and …

Read More »

First ever branded product dates from 1880

  World’s first transparent soap is still on business. It’s Pears, first produced and sold by Andrew Pears in London in 1789. As per Unilever’s history records Pears Soap was the world’s first registered brand, thus it is oldest continuing existing brand in the world. The first advertising on the …

Read More »

Why Saudis Decided Not to Prop Up Oil

In early October, Saudi Arabia’s representative to OPEC surprised attendees at a New York seminar by revealing his government was content to let global energy prices slide. Nasser al-Dossary ’s message broke from decades of Saudi orthodoxy that sought to keep prices high by limiting global oil production, said people …

Read More »