Two leading Russian film directors are seeking state support to set up a domestic chain of cafes to compete with Western fast food restaurants such as McDonald's, a newspaper said on Thursday.
Industry
Retail sales rebound signals thaw in economic activity
Retail sales rose in March for the first time since November as consumers stepped up purchases of automobiles and other goods, suggesting a sharp slowdown in economic growth in the first quarter was temporary.
Australia's Fortescue tells miners to work more as iron ore price sinks
Australia's Fortescue Metals Group Ltd will change its roster to increase the time workers spend at mines, as the world's fourth largest iron ore producer rushes to reduce costs in the face of plunging prices for the steelmaking ingredient.
China's March exports shrink 15 percent year-on-year in shock fall
China's export sales contracted 15 percent in March, a shock outcome that deepens concern about sputtering Chinese economic growth.
New reckoning for copper miners now running in the red
Nearly a quarter of the world's major copper mines are running in the red, even after producers including Codelco [COBRE.UL] and BHP Billiton engage in their deepest cost-cutting in years, according to a Reuters analysis.
Latest News
U.S. import prices fell in March as rising petroleum costs were offset by declining prices for other goods, a sign of muted inflation that supports the view the Federal Reserve will probably not raise interest rates in June.
Some of the biggest dollar bulls in the global bond fund sector have reversed course in recent weeks, cutting exposure to the greenback amid concern the U.S. Federal Reserve will delay a widely-anticipated interest rate hike.
Are you ready to live in London? Learn more if you are perfect in this city. Most of us would like to visit in London. In fact, some of us dream of staying and living there.
Euro zone sentiment improved for the sixth straight month in April as investors took heart from the European Central Bank's bond-buying program, raising the current situation component of the Sentix index to its highest in almost four years.
Price discounting drove growth in all of the euro zone's major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed on Tuesday.
Hirotoshi Ogura, a self-described “factory geek”, is Daikin Industries' (6367.T) master of doing more with less – and part of the reason Japan’s recovery remains stuck in the slow lane.
Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there.
Secret contracts, covert real-estate deals, scurrying around after nightfall to avoid detection: this is how far big-bank brokers are prepared to go when they plan to go independent.
For over 15 years, Raoul Meno has been fishing the waters off the coastal town of Kribi in southern Cameroon. He has sometimes had to face down storms and high seas to bring home a catch to support his family. But now, he is scared.
