Hundreds of Amazon.com workers in Germany were expected to walk off the job on Thursday. Services union, Verdi, was continuing a string of strikes aimed at swaying the e-commerce giant on wage levels, the Wall Street Journal reported. Workers at Amazon’s logistics centers in Leipzig and Bad Hersfeld planned to stage an all-day strike, the second at Amazon's German operations this year. The union expected between 400 and 500 employees to strike at each location.
The Russian Central Bank has withdrawn the Kaspiy Bank’s license in Dagestan today, RIA Novosti reported. The CB accused the bank of violating the law against money-laundering and terrorism financing as it was reportedly involved in suspicious cash operations worth a total of 550 million rubles in 2013. The Bank of Russia has also revoked the banking license of the Bashkortostan-based AF Bank, ITAR-TASS reported. The Bank of Russia said the AF Bank pursued a high-risk credit-lending policy connected with the allocation of monetary resources in low-quality assets.
The situation in Ukraine really proves the need to implement the South Stream gas pipeline project, ITAR-TASS quoted Bulgarian Foreign Minister Kristian Vigenin as saying. The minister said on Thursday that it is important for European citizens to have guarantees of gas supply security as the Ukrainian crisis may lead to the disruption of Russian natural gas transit. “We cannot be hostages to the economic, political and financial stability of transit countries,” Vigenin said.
President Vladimir Putin said on Thursday that the relations of trust and cooperation between Russia and China, including those on approaches to international problems, are at an unprecedented level. Russia's trade turnover with China is almost three times as big as that with the US and stands at $87 billion. Many experts agree that in the economic sphere China has been developing as a world leader, Putin said.
The Russian currency started to strengthen against the dollar on Thursday after President Vladimir Putin said claims that Russian forces were present in eastern Ukraine were “rubbish.” The ruble is 35.86 against the dollar, 13 kopecks less than previous closing, Interfax reported. The euro stood at 49.69 rubles, losing 3.5 kopecks. The bi-currency price ($0.55 and euro 0.45) decreased by 8.5 kopecks to 42.08 rubles.
Resources of Russian banks in foreign banks decreased by 813.8 billion rubles ($22.5 billion) in March, Izvestia daily said, citing banks’ reports issued by April 1. The previous ‘record’ was set in September 2013, when 387.6 billion rubles were taken out from foreign banks. The first such outflow was in August 2009 – 200.7 billion rubles.