An Italian orchestra that has traditionally accompanied the participants of the acclaimed Rodolfo Lipizer International Violin Competition has announced that it will skip the event this year. The FVG Orchestra explained its move by pointing to the organizers’ decision to ban three Russian violinists from taking part in the contest. …
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The combination of a strong ruble and high oil prices will temporarily tame inflation, however, it also could accelerate consumer prices in the future, according to Doctor of Economics Denis Domashchenko, as quoted by the Russian business daily RBC. The analyst warns that the dominance of energy sector revenues along …
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The US plans to invest billions on Arctic defense including modernizing its Thule Air Base in Greenland, Danish newspaper Berlingske reported on Monday, citing a US military report. Neither the Danish nor Greenlandic authorities have been informed of the plans, it claimed. According to the outlet, the US has given …
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The Ukrainian Security Service (SBU) has published a video in which captured Ukrainian opposition leader Viktor Medvedchuk testifies against former president Petro Poroshenko, accusing him of privatizing a fuel pipeline and conducting business with the breakaway regions of Donetsk and Lugansk during his time in office. Medvedchuk, a lawmaker and …
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German auto-making giant BMW is seeking to invest in solar, geothermal, and hydrogen energy to reduce its reliance on deliveries of natural gas coming from foreign exporters, including Russia, according to BMW production chief Milan Nedeljkovic, as quoted by Reuters. Nedeljkovic said the carmaker, which relied on natural gas for …
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The stand-off between Russia and the Western nations, which has been developing since 2014, escalated into an active confrontation with the start of the Russian military operation in Ukraine, back in late February. In other words, the Great Game has ceased to be a game. It has become total war, …
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A new name has been developed for the McDonald’s restaurant chain in Russia and will be announced later on, according to Russian media reports on Monday. Izvestia newspaper reported on Monday, citing an unnamed person with the knowledge of matter, that the Latin letters ‘Mc’ will be used as a …
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Helsinki was always going to join NATO eventually, since it has become closely intertwined with the West over the years, EU Commissioner for International Partnerships Jutta Urpilainen – who hails from Finland – told Germany’s RND media group on Monday. The Nordic nation had maintained a neutral status since the …
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The global economy is facing “its biggest test since the Second World War”, the managing director of the International Monetary Fund said at the start of the World Economic Forum in Davos. Kristalina Georgieva said the conflict in Ukraine has “compounded the Covid-19 pandemic – a crisis upon a crisis …
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US household wealth has fallen by at least $5 trillion so far this year amid an intense market selloff, according to a JPMorgan Chase note seen by Bloomberg. The losses could amount to $9 trillion by year-end, it estimated. According to the report, US billionaires are the biggest losers in …
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