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Corporate news

Boeing, Lockheed teaming up with Amazon's Bezos to replace Russian rocket engine
Boeing and Lockheed Martin will partner with Amazon.com founder Jeff Bezos’ company Blue Origin to develop a new rocket engine to replace Russian components. NASA, meanwhile, has tasked Boeing and SpaceX with transporting astronauts to the ISS in 2017.

16.09.2014 15:08

Aeroflot launches new low-cost carrier to replace sanctioned Dobrolet
Russia’s largest airline Aeroflot has set up a new low-cost subsidiary called Budget Carrier.

16.09.2014 11:48

Tesla can sell cars directly to customers – Mass. high court
Tesla Motors earned a significant victory over traditional automakers and their system of franchise dealerships on Monday. The Massachusetts Supreme Court ruled that the electric car company can sell its products directly to consumers.

15.09.2014 21:40

New anti-obesity pill to help curb appetite of 78mn Americans
US regulators have approved a weight-loss drug called Contrave, the third type of such prescription medication introduced in over 10 years, despite carrying some possible heavy side-effects of its own.

12.09.2014 08:22

‘First foray into bitcoin’: eBay's PayPal unit to start accepting virtual currency
EBay has announced that Braintree, the payment processor subsidiary of the world’s largest web marketplace, has “embraced” bitcoin and will begin accepting the digital currency as payment.

09.09.2014 14:20

​Russia to protect sanctioned companies - Medvedev
Authorities have supported and will continue to support all Russian companies – both state and private - hit by Western sanctions regardless of the reasons why they were targeted, Russia’s prime minister has said.

09.09.2014 12:19

Google building quantum computer processor with top university research team
Google is leaping back into the quantum computing business, partnering with scientists at University of California, Santa Barbara (UCSB) to build cutting-edge processors. The developers hope to build a revolutionary machine, which has eluded them so far.

04.09.2014 01:02

​Dobrolet Plus to replace Aeroflot’s sanctioned budget airline
The successor to Aeroflot’s low-cost carrier Dobrolet – grounded by EU sanctions – will be little different from its predecessor and will return to the skies this fall under the name Dobrolet Plus.

02.09.2014 07:03

​Court temporarily closes 3 McDonald’s outlets in Moscow
A Russian court has ordered the temporary closure of three McDonald’s outlets in Moscow for 90 days over breaches in sanitation. This brings the total number of the company’s restaurants closed around the country to six.

27.08.2014 13:13

US Senator calls for Burger King boycott amid tax-dodging accusations
A Democratic Senator is calling for Americans to boycott Burger King after the fast food giant agreed to purchase Tim Hortons for $11 billion, consequently avoiding US taxes.

26.08.2014 23:30

Up in smoke: Unrest in Iraq blamed for drop in Imperial Tobacco sales
The rise of Islamic extremism in the Middle East has disrupted sales growth at Imperial Tobacco, known around the world for its Davidoff and Gauloises cigarettes.

19.08.2014 14:16

US corporations boycott Glasgow over Gaza support
Hundreds of US businesspeople have scrapped plans to visit Glasgow, following the Scottish city’s decision to fly the Palestinian flag following Israeli military operations in Gaza.

19.08.2014 09:45

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