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Russian tycoon Lebedev sells Red Wings airlines for 1 ruble

Russian tycoon Lebedev sells Red Wings airlines for 1 ruble

The company’s license was suspended in February following numerous faults and violations.

IMF concerned about global unemployment

Income inequality has increased in past decades in many OECD countries and is also on the rise in many others.

Despite ban, US to buy 30 Russian helicopters

Despite ban, US to buy 30 Russian helicopters

The US says it is in the public interest to acquire the helicopters needed from the Russian firm.

South Africa’s Desmond Tutu wins Templeton Prize

South Africa’s Desmond Tutu wins Templeton Prize

Tutu will be presented with the award at a ceremony in London next month.

Davies says BRICS crucial to SA industrial plan

Davies says BRICS crucial to SA industrial plan

South Africa has hailed the BRICS Bank announcement in Durban as an innovative proposal.

Containing China not our outlook- Australia

Containing China not our outlook- Australia

Julia Gillard says a prosperous China is good for the world before embarking on her second visit to Beijing today.

ATT shallow in essence- Russia

ATT shallow in essence- Russia

Twenty three countries abstained from the UN vote including Russia, India and China.

Gazprom to revisit Europe gas pipeline projects

Gazprom to revisit Europe gas pipeline projects

Russia has already announced plans to build two branches to the United Kingdom.

BRICS in expansion- HSBC index

BRICS in expansion- HSBC index

Among the developed nations, financial uncertainties continue to weigh on growth in Europe, the survey shows.

China’s Baidu develops Google Glass prototype

China’s Baidu develops Google Glass prototype

Baidu is yet to decide whether or not to commercialise the product.