India’s upcoming foreign trade policy will seek to handhold MSMEs to build their financial capabilities, set up special zones for ecommerce exports and develop new mechanisms to support services related to artificial intelligence and Internet of Things. The commerce and industry ministry is currently reviewing the existing Foreign Trade Policy. As part of this, it … Read more
Deutsche Bank Relatively low exposure to Russia. (Photo: dpa) Frankfurt After severe criticism, Deutsche Bank is now shutting down its business in Russia because of the Ukraine war. Deutsche Bank has substantially reduced its commitment and presence in Russia since 2014, the money house said on Friday night with. “Like some of our international competitors, … Read more
Moscow The McDonald’s at the Baumanskaya metro station in central Moscow is jam-packed. There are several universities nearby, including the Bauman MSTU, one of the largest technical universities in Russia. Many students sit in the fast food restaurant during their lunch break – perhaps for the last time. Darja at the checkout has her hands … Read more
Polish Air Force Mig-29 fighter jet The Pentagon has refused to deliver the planes to Ukraine. (Photo: AP) Washington The US government has finally rejected a proposal by Poland to hand over MiG-29 fighter jets to Ukraine with a stopover at a US base in Germany. The project could “lead to a significant Russian response … Read more
Nord-Stream-Pipeline Russia is the largest oil supplier in Europe. (Photo: AFP) Moscow After the start of the war against Ukraine, Russia openly threatened to stop gas deliveries through the Nord Stream 1 pipeline in the Baltic Sea for the first time. “We have every right to make a ‘mirror-fair’ decision and to issue an embargo … Read more
Düsseldorf Uniper hesitated longer than other members of the industry – now the Düsseldorf-based energy company is also drawing tangible consequences from the Ukraine war. Uniper will not make any new investments in Russia, the company announced on Monday evening. Uniper does not intend to transfer any further funds to the Russian power plant subsidiary … Read more