Russia Financial News
26.08 / 07:37
UPS
Cooper
composer
country
Yet to make any formal request to join BRICS: Pakistan
Pakistan has tried to downplay the snub from the BRICS, saying it has not yet made a formal request to join it after the bloc ignored Islamabad when it announced its major expansion in years. On August 24, The leaders of the BRICS nations decided to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates as the new members of the grouping, sealing a long-drawn process. Foreign Office spokesperson Mumtaz Zahra Baloch issued the details of her weekly briefing on Friday night, a day after the bloc of developing countries added new countries. «We will examine the latest developments and make a determination about our future engagement with BRICS,» Baloch said. To a query, if Pakistan was ignored by the bloc, she said Pakistan followed BRICS' developments in its latest summit in South Africa and also noted its openness to inclusive multilateralism. «Pakistan is an ardent supporter of multilateralism and as a member of several multilateral organisations it has always played an important role in global peace and development,» she said. The spokesperson termed Pakistan as an important developing country that has made «important contributions to promote peace, solidarity and cooperation among countries of the South». «We shall continue our efforts at the international fora for fostering the spirit of international cooperation and revitalisation of inclusive multilateralism,» she said. BRICS initially composed of Brazil, Russia, India, China and South Africa has undertaken major expansion taking its members to eleven, making it more representative of the Global South. Reportedly several countries are queuing up to join the group but Pakistan may face a challenge due to the presence of India which enjoys
26.08 / 05:31
UPS
Fighting
country
Oil prices up 1% on supply cuts, despite strong dollar, weak economic news
Oil prices climbed about 1% on Friday, supported by supply cuts despite weak economic news from Germany, a stronger U.S. dollar and the prospect of more U.S.
26.08 / 03:49
HAL
track
country
Centre
PM Modi meets Chandrayaan-3 heros at ISRO command centre in Bengaluru
Narendra Modi on Saturday congratulated the ISRO team for the successful landing of Chandrayaan-3 on the moon. He arrived at the ISRO Telemetry Tracking & Command Network Mission Control Complex today morning.
25.08 / 22:49
COST
Target
Progressive
Fighting
Remark
country
ECB's Lagarde says interest rates to stay high as long as needed to defeat inflation
Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday
25.08 / 22:49
Twitter
Instagram
week
AP Week in Pictures: Europe and Africa
Firefighters battle multiple wildfires in Greece, including one in the northeast that officials say is the largest recorded in the European Union.
25.08 / 22:49
Manufacturing
CEO
Heineken
country
cover
dutch
Dutch brewer Heineken sells its Russian operations for 1 euro, taking a 300-million-euro hit
Dutch brewer Heineken says it has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine
25.08 / 22:49
FIVE
Aware
social
Estonia's pro-Ukrainian PM faces pressure to quit over husband's indirect Russian business links
Estonia’s strongly pro-Ukrainian prime minister is under increasing pressure to resign, after Estonian media revealed her husband’s role in a company that indirectly did business in Russia after the full-scale invasion of Ukraine last year
25.08 / 20:07
business
Binance
regulation
sanctions
P2P
P2P Payments
Binance P2P removes sanctioned Russian banks from payments list
Crypto exchange Binance has removed “yellow” and “green” payment options from its peer-to-peer (P2P) service after being criticized for using these code words to represent sanctioned Russian banks, Cointelegraph confirmed on Aug. 25.
25.08 / 20:03
Provident
FIVE
Digital
Compilation
Enterprise
country
Ukraine war shadow on G20 meeting joint communique
World Trade Organization (WTO) agreements, and will also continue to assist developing countries and least developed countries (LDCs). However, like several other G20 meetings, the text on Ukraine war and its impact on global economy became a point of contention between the member nations, chiefly Russia and China. Russia rejected the inclusion of geopolitical Para 32, saying it doesn’t conform to the G20 mandate and recognizes the status of Para 32 as Chair’s Summary.
25.08 / 18:59
FIVE
Digital
Platform
Action
Positive outcome: G20 ministers reach consensus on 5 points
After the conclusion of the two-day Trade and Investment Ministerial Meeting held in Jaipur, commerce and industry minister Piyush Goyal said that there is only one paragraph of the 17-page statement where «we could not get consensus for obvious reasons» but there were «new outcomes which were not part of the agenda before». Digitalisation of trade documents, enhancing information access to MSMEs, framework to map global value chains, best practices on mutual recognition agreements for professional services, and a standards dialogue were the five outcomes of the G20 Trade and Investment Ministers Meeting (TIMM), which culminated into an Outcome Document and Chair's Summary.
25.08 / 18:29
MET
Cooper
country
India, China offer different views on Modi-Xi conversation in Johannesburg
India and China on Friday offered divergent views to characterise the conversation between Prime Minister Narendra Modi and President Xi Jinping in Johannesburg two days ago even as Beijing sought to downplay the eastern Ladakh border standoff saying the boundary question does not represent the «entirety» of the bilateral relations. In a readout on the conversation between the two leaders, the Chinese foreign ministry said President Xi Jinping conveyed to PM Modi that both sides should «bear in mind» the «overall interests» of the ties and «properly» handle the border issue. Hours after Beijing's statement on Modi-Xi conversation claimed it was held at the Indian side's request, Indian sources said there was a «pending request» from the Chinese side for a bilateral meeting, suggesting that New Delhi has not heeded to it. «The two leaders, however, had an informal conversation in the leaders' lounge during the BRICS summit,» one of the sources said. Modi and Xi held the conversation on Wednesday on the sidelines of the BRICS (Brazil, Russia, India, China, South Africa) summit in Johannesburg, amid continuing strain in bilateral ties in view of the lingering border standoff in eastern Ladakh. The conversation was not a structured bilateral meeting.
25.08 / 18:29
UPS
Who were killed along with Wagner chief Yevgeny Prigozhin in crash? Check identities
Wagner Group chief Yevgeny Prighozin that crashed? Though the death of Prighozin has not been officially confirmed yet, he is presumed to be dead. Ten bodies have been recovered from the debris of the Embraer aircraft that crashed while flying from Moscow to St. Petersburg. Though the reasons for the crash are not yet clear, the aircraft came down near the village of Kuzhenkino Tver. Seven Wagner members and three crew members have been killed in the crash.
25.08 / 17:31
COST
Citi
Man
SPY
country
How Putin Uses Payback Politics to Keep Russia Under His Control
When Russian President Vladimir Putin acknowledged the death of Yevgeny Prigozhin in a plane crash this week, he did little to dispel the notion that he might have had something to do with it. The Wagner chief , he said at a meeting at the Kremlin Thursday, was “a man with a complicated life story, and he made many mistakes in life." Crossing Putin might have been chief among them.
25.08 / 17:15
COST
UPS
Lowe's
Man
country
How India Pulled Off Its Frugal Moon Landing
earning revenues from launching satellites for other countries. Developing its own technology took time but ultimately allowed India to keep the costs of its in-house technology low, said Rajagopalan. ISRO also manages to achieve ambitious missions on a relatively small budget by keeping its goals contained, she said.
25.08 / 17:07
Manufacturing
Fighting
plane
What is the cause of Wagner leader Prigozhin’s fatal plane crash? Here’s what the officials say
fatal crash of a plane carrying Wagner Group leader Yevgeny Prigozhin and nine others in Russia was likely due to a bomb, according to media reports
25.08 / 15:47
COST
Provident
Gap
Highways
show
country
trudeau
Jack Mintz: Trudeau leads a Charge of the Light Brigade
Alfred Lord Tennyson’s famous poem, The Charge of the Light Brigade, memorialized the bravery of British soldiers as they attacked Russian forces in the 1854 battle of Balaclava during the Crimean War. “Into the valley of Death rode the six hundred” tolls throughout the poem. Tragically, the soldiers’ courage was betrayed by a careless mistake: they were sent the wrong way. Either the command was poorly communicated, or it was misunderstood by the brigade’s leader. Whichever was the case, the six hundred needn’t have died, if only the right plan had been executed.
25.08 / 14:43
UPS
country
voice
'Absolute lie': Kremlin rejects Yevgeny Prigozhin killed on its orders
Kremlin on Friday dismissed rumours it orchestrated the death of Wagner chief Yevgeny Prigozhin, presumed dead in a plane crash two months after leading a mutiny in Russia. It also announced by decree that Russian paramilitary fighters will be obliged to swear an oath to the Russian flag, part of measures to rein in groups like Wagner in the wake of the uprising. Speculation the Kremlin may have been involved in the crash has swirled since Wednesday, when a private jet reportedly carrying Prigozhin crashed between Moscow and Saint Petersburg. The rumours have been voiced by Western countries, Kremlin critics and even suggested by some pro-Kremlin figures. Kremlin spokesman Dmitry Peskov described the incident as «tragic» to reporters on Friday and acknowledged public discourse around foul play and possible involvement of the authorities. «Of course, in the West, this speculation is being presented from a certain angle. All of this is an absolute lie,» Peskov said, urging patience and adding that ongoing probes would reveal facts around the fatal crash. Russian officials have opened an investigation into air traffic violations but have so far not disclosed details of the probe or the incident. President Vladimir Putin broke his silence on the crash Thursday, offering condolences to the families of the 10 people onboard and describing the incident as a «tragedy.» He said Prigozhin, who in June led an armed mutiny against Russia's military leadership, had made some «serious mistakes in his life» and had a «complicated fate.» — Suspicious timing — The short-lived but bloody unrest was seen by observers as having been the biggest threat to Putin's long rule. Moscow has not yet confirmed Prigozhin's death.
25.08 / 14:28
Citi
SPY
shootings
country
Navalny, Prigozhin, Boris Nemtsov: Kremlin foes have faced early death, nerve agents, poison during Putin's reign
Yevgeny Prigozhin, when he lost his life ina plane crash, just two months after he led a rebellion towards Moscow, aiming to overthrow the Russian military leadership. There also have been reports of prominent Russian executives dying under mysterious circumstances, including falling from windows, although whether they were deliberate killings or suicides is sometimes difficult to determine. The attacks range from the exotic — poisoned by drinking polonium-laced tea or touching a deadly nerve agent — to the more mundane of getting shot at close range.
25.08 / 13:42
MET
show
Crude oil gains ahead of Powell's Jackson Hole speech
Investing.com — Oil prices rose Thursday, rebounding to a degree from weakness during the week, ahead of an eagerly awaited speech by Fed head Jerome Powell for hints on the outlook for interest rates.
25.08 / 13:35
Reuters
DNA
show
social
plane
Russia confirms first death in plane crash that killed Wagner chief, buzz around Prigozhin's demise continues
Reuters reported that the Russian investigators are yet to ‘confirm a genetic match’. An Embraer executive jet on which Prigozhin was listed as a passenger crashed in Tver region north of Moscow on Aug 23, according to Russia's Federal Air Transport Agency. Six other passengers were listed along with a crew of three, including pilot Alexei Levshin.
25.08 / 11:55
Progressive
International
How successful are India’s efforts to conduct international trade in rupee? | Mint Primer | Mint
India's Reserve Bank's move to allow international... moreIndia's Reserve Bank's move to allow international trade in Indian rupees aimed to cut the oil import bill and boost rupee adoption.
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