Russia's Rosneft and America's ExxonMobil have launched a unique drilling platform in the Okhotsk Sea in Russia's Far East. The world's most powerful rig can drill within the radius of at least 7 kilometers.
Australia’s richest 1 percent own as much as the bottom 60 percent, says an Oxfam study. The organisation concludes that in a world where the richest 66 people own the same wealth as the poorest 3.5 billion, extreme inequality poses a growing threat.
Russia has secured more than 40 business contracts with China during President Putin’s visit to Shanghai. Top is the $400 billion gas contract, there are also deals in finance, investment, aircraft, and automobiles. Here is RT’s list of key agreements.
The discovery of large hydrocarbon deposits in the Arctic has sparked international competition over resources in frozen waters. Regional powers are quickly filing claims for the sea shelf, with Russia preparing to bring in the biggest bid to the UN.
Chile, Colombia, Peru and Mexico have signed a treaty to eliminate tariffs on 92 percent of goods and services. The Pacific Alliance is free trade area of some 210 million people, accounting for more than a third of all Latin American and Caribbean GDP.
A third of Britons don’t have any money to save, with North East families having cash reserves for just 11 days, warns a Legal & General report. Cutting spending on energy and clothes are the most popular personal "austerity measures" another report adds.
Over 100 French companies have descended on Tehran on Monday to establish business connections. It's a display of booming business interest in Iran after the Geneva talks lifted decade-long economic sanctions.
A major polluter of the world’s deepest body of fresh water - the Baikal Pulp and Paper mill – has been shut down; putting an end to 47 years of dumping effluent into the UNESCO protected lake. More than 1,000 people may find themselves jobless.
Lawmakers from Mexico's two biggest political parties submitted legislation to abolish the country's 75-year monopoly on oil. The private sector cooperation has the potential to reverse the country's more than eight-year oil production slump.
The Moroccan parliament has held a hearing into the industrial and medical benefits of marijuana use. The discussions, started by one of Morocco's main political parties are the first steps to introduce a draft law next year aimed at legalizing the plant.
Individual investment via the internet will be one of the key funding sources for business in the developing world. The World Bank says China will be the biggest crowdfunding investor by 2025 giving more than half the money raised in developing markets.