s Common Problems with Smartphones and How to Fix Them By www.retailtechnologyreview.com Published On :: By Josh Harvey, freelance writer.In the last 15 years or so, since the first iPhone debuted all the way back in 2007, it’s not hyperbolic to suggest that smartphones have changed the very fabric of our society. The average teenager probably spends more time on their phone than off it and we all rely on them for business and pleasure, par-ticularly during those long and stressful commutes. Full Article Mobile Computers
s June 2024 edition of Manufacturing & Logistics IT By www.retailtechnologyreview.com Published On :: Thu, 13 Nov 1800 17:19:39 -0001 The June Issue features a Special Technology Report looking in depth at the latest developments in the world of Automatic Identification and Data Capture/Mobile Computing solutions.Also included is a ‘Cover Story’: Gartner forecasts spending on cloud security to grow 24% in 2024, making it the highest growth of all segments in the global security and risk management market. Full Article Critical Issues Data Capture Mobile Computers
s Speed, accuracy and traceability By www.retailtechnologyreview.com Published On :: Mobile Computing/AIDC (Data capture) Technology ReportRetail Technology Review spoke with leading representatives from the analyst and vendor communities about many of the current key talking points and areas of innovation taking place within the world automatic identification and data capture (AIDC)/mobile computing solutions. Full Article Data Capture Voice Mobile Computers Critical Issues
s Datalogic launches new Memor 30/35 Family PDA By www.retailtechnologyreview.com Published On :: Datalogic, provider of automatic data capture solutions, has launched its Memor 30 and 35 flagship mobile computers. The Memor 30/35 is designed to expedite operations with a superior scanning performance in all environments. Full Article Data Capture Mobile Computers
s Out of the data jungle: More interoperability for resilient supply chains By www.retailtechnologyreview.com Published On :: Fri, 13 Nov 7840 17:29:58 +0000 By Philipp Pfister, Chief Customer Experience Officer at Transporeon (a Trimble company)There’s no denying that the transport sector is a prominent cog across most global industries. As the saying goes, “There is no production without procurement logistics, and no trade without delivery traffic.” Full Article Retail Supply Chain Critical Issues
s Co-op teams up with Quadient to deliver parcel locker convenience in communities in the UK By www.retailtechnologyreview.com Published On :: Quadient (Euronext: QDT), a global automation platform powering secure and sustainable business connections, has partnered with Co-op in the UK to deliver further parcel locker growth and added convenience to its communities. Full Article Retail Supply Chain
s Think Tank launches new SMART formats to help brands elevate their packaging design By www.retailtechnologyreview.com Published On :: Think Tank, the UK bespoke packaging design agency, is launching new SMART packaging formats designed to help brands elevate their packaging design and boost their commercial reach. Full Article Retail Supply Chain
s Over three quarters of retailers are worried about growing consumer privacy concerns, Wunderkind’s research shows By www.retailtechnologyreview.com Published On :: While retailers understand the need to move towards increased first-party data collection and personalised shopper engagement, many remain concerned about building privacy-centric experiences that meet consumers’ growing demands for the responsible use of their data, the latest research from Wunderkind, the AI-driven performance marketing solution, warns. Full Article Surveillance and Security Critical Issues
s The Role of AI and Human Authentication in Retail on Designer Products By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 6490 17:24:49 +0000 By Lloyd Mallon, freelance writer.Designer products are the fine line between luxury and looking glamorous. Due to their price it’s important to make sure what you’re buying is authentic and not a counterfeit. Full Article Surveillance and Security Critical Issues
s Flashpoint Cyber Threat Intelligence Index: Midyear Edition is live By www.retailtechnologyreview.com Published On :: Flashpoint has released its midyear Cyber Threat Intelligence Index, with new data and trends surrounding both persistent and emerging cyber threats observed from 1 January to 30 June, 2024. The report includes research and data tied to vulnerabilities, information-stealing malware, ransomware and insider threats. Full Article Surveillance and Security Critical Issues
s Customer adoption of Bitsight cloud monitoring grows 170% amid increased demand for Visibility Across digital infrastructure By www.retailtechnologyreview.com Published On :: Bitsight, the cyber risk management solutions provider, has introduced new asset mapping capabilities to help companies better manage vulnerabilities across their extended attack surface. Full Article Surveillance and Security Cloud Computing
s Toshiba’s next-generation S300 Pro Surveillance HDDs for large-scale video surveillance systems By www.retailtechnologyreview.com Published On :: Toshiba Electronics Europe GmbH (Toshiba) has introduced its next-generation S300 Pro Surveillance Hard Disk Drives (HDDs) targeting the latest requirements in the surveillance storage market. Full Article Surveillance and Security
s Retailers adopt strategies previously exclusive to law enforcement and federal agencies By www.retailtechnologyreview.com Published On :: Thu, 13 Nov 8600 17:25:43 +0000 As AI regulations in the US have evolved to be more supportive of commercial use, retailers and malls are increasingly adopting technologies that were once the domain of law enforcement and federal agencies. This shift is driven by the need for enhanced security and operational efficiency, with many turning to advanced video analytics and facial intelligence. Full Article Surveillance and Security Data Capture Critical Issues
s Quorum Cyber accelerates growth with strategic acquisition of Difenda By www.retailtechnologyreview.com Published On :: Sat, 13 Nov 4900 17:26:49 +0000 Quorum Cyber - with offices in Edinburgh, UK, and Tampa, Florida – has acquired Difenda, a Canadian-based, full-stack Microsoft Security Managed Services company. The announcement underscores Quorum Cyber's global momentum and strengthens its position as a leader of Microsoft Security services. Full Article Surveillance and Security
s Endor Labs releases report on Open Source Software Dependency Management By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 3600 17:26:56 +0000 Endor Labs, the open source software security solutions provider, has released The 2024 Dependency Management Report, which consolidates extensive original and third-party research into the current state of security in the software dependency lifecycle that represents the foundation for all application development. Full Article Surveillance and Security Critical Issues
s Almost half of UK SMBs have faced a significant business setback due to misinformation or fake reviews By www.retailtechnologyreview.com Published On :: Small and medium-sized businesses (SMBs) in the UK are facing significant challenges in today’s digital landscape, with misinformation, fake reviews and inadequate search and engagement tools putting them at a serious disadvantage compared to larger competitors. Full Article Retail Supply Chain Surveillance and Security Critical Issues
s ACDS’ cybersecurity portfolio gains competitive edge from AI-powered thoughtworks application managed services By www.retailtechnologyreview.com Published On :: Thoughtworks, the global technology consultancy that integrates strategy, design and engineering to drive digital innovation, has started a strategic partnership with UK-based cybersecurity startup Advanced Cyber Defence Systems (ACDS) by providing Thoughtworks DAMO AI-powered application managed services. Full Article Surveillance and Security Cyber Security
s 43% of data breaches target small businesses in 5 industries By www.retailtechnologyreview.com Published On :: Some industries are more vulnerable to cyber threats hence facing a high risk of experiencing data breaches or other types of cyber attacks in the future. Full Article Surveillance and Security Critical Issues
s Rise in phishing attacks, as commodity campaigns and impersonation attacks escalate By www.retailtechnologyreview.com Published On :: Wed, 13 Nov 8120 17:28:37 +0000 Cybersecurity company, Egress, a KnowBe4 company, has launched its latest Phishing Threat Trends Report (October 2024), which examines the most recent phishing statistics and threat intelligence insights. Full Article Surveillance and Security Critical Issues Cyber Security
s Global survey of security pros finds 87% of organisations impacted by cyber threats they couldn’t detect or neutralise last year By www.retailtechnologyreview.com Published On :: Fri, 13 Nov 8240 17:28:37 +0000 Red Canary, the managed detection and response (MDR) provider, has released a new report, Security Operations Trends Report, providing insight into critical challenges facing modern cybersecurity teams. Partnering with independent research company Coleman Parkes, Red Canary surveyed 700 security leaders from the US, UK, New Zealand, Australia and Nordics. Full Article Surveillance and Security Critical Issues Cyber Security
s Infinigate and CYREBRO expand partnership across Europe By www.retailtechnologyreview.com Published On :: Infinigate Group, the technology platform and trusted advisor in cybersecurity, cloud and network infrastructure, has expanded its partnership with CYREBRO, an AI-native Managed Detection and Response (MDR) solution, bringing state-level SOC services to MSPs and MSSPs across Europe, through the Infinigate Cloud marketplace. Full Article Surveillance and Security Cyber Security
s 44% of CISOs fail to detect breaches By www.retailtechnologyreview.com Published On :: Sat, 13 Nov 6060 17:29:50 +0000 44% of CISOs surveyed reported they were unable to detect a data breach over the past 12 months using existing security tools, according to Gigamon. 70% of CISOs stated their existing security tools are not as effective as they could be when detecting breaches due to limited visibility. Full Article Surveillance and Security Critical Issues
s Graylog enhances SIEM with more effective threat detection By www.retailtechnologyreview.com Published On :: Fri, 13 Nov 7840 17:29:58 +0000 Graylog has unveiled significant security advancements to drive smarter, faster and more cost-efficient security operations. The company’s latest capabilities include advanced data routing, asset-based risk scoring and AI-generated investigation reports. Full Article Surveillance and Security
s In-Store Merchandising: A Key Ingredient for Retail Growth By www.retailtechnologyreview.com Published On :: Sat, 13 Nov 6410 17:27:42 +0000 By Arun Rasika Karunakaran, Retail Product Manager & Consultant,Tata Consultancy Services.Over the last decade, the number of online sales has skyrocketed. The most recent statistics show that 19.4% of normal retail sales around the world were made online. That has led to some retailers thinking that it might be time to shift most of their focus to e-retail and their online storefronts. Full Article Critical Issues Internet Retailing Retail Supply Chain
s Retail Sector - Cyber Threat Intelligence Report 2024 By www.retailtechnologyreview.com Published On :: NCC Group have just released a free CyberSecurity Threat Intelligence Report for the Retail sector as it enters its busiest spell, the "GoldenQuarter".It will help retailers manage an increasing surge in demand across their IT operations and supply chains. Full Article Critical Issues Surveillance and Security Internet Retailing Cyber Security
s Costa Coffee selects TrueCommerce for global EDI expansion By www.retailtechnologyreview.com Published On :: TrueCommerce, provider of supply chain and trading partner connectivity, integration and omnichannel solutions, has been selected by Costa Coffee, The European coffee chain, to spearhead their global EDI expansion. Full Article Retail Supply Chain Internet Retailing
s Dyslexia Awareness Week: Ensuring website inclusivity in the retail sector By www.retailtechnologyreview.com Published On :: Mon, 13 Nov 8180 17:28:37 +0000 As Dyslexia Awareness Week (07-13 October 2024) arrives this week, digital transformation specialists Sherwen Studios are advocating for retailers to reconsider how accessible their website is for users affected by dyslexia. Full Article Internet Retailing Retail Supply Chain Critical Issues
s Paper packaging sales stabilising, as decline slows from 17% in Q1 to 12% in Q2, and to 9% in August By www.retailtechnologyreview.com Published On :: Fri, 13 Nov 8240 17:28:37 +0000 New data from Demica, the fintech, reveals that the paper packaging sector in key markets across Europe and North America is showing signs of stabilisation. Full Article Internet Retailing Critical Issues
s Bazaarvoice launches integrated Social Content solution, Bazaarvoice Vibe By www.retailtechnologyreview.com Published On :: Tue, 13 Nov 2260 17:28:41 +0000 At GroceryShop, Bazaarvoice, the platform for full-funnel authentic user-generated content (UGC) and social commerce solutions, announced Bazaarvoice Vibe – a comprehensive solution designed to help marketers source, amplify and optimise user- and creator-generated content across all channels, all from one place. Global general availability begins 1 November. Full Article Internet Retailing Retail Supply Chain
s New Forter report finds UK consumer ‘Trust Premium’ rises, but checkout friction and unfriendly policies are costing British retailers By www.retailtechnologyreview.com Published On :: Forter, the Trust Platform for digital commerce, has released findings from its 2024 Consumer Trust Premium Report, which explores the evolving relationship between consumer shopping habits and brand trust, based on 2,000 survey respondents in the US and UK. Full Article Internet Retailing Retail Supply Chain Critical Issues
s Snapchat is the new hotspot for online shopping, according to Wethrift By www.retailtechnologyreview.com Published On :: It has recently emerged that consumer habits amongst Gen Z are changing, with many now turning to social media for retail therapy. Weighing in on this growing phenomenon of social media shopping, Nick Drewe, founder of the online discount platform Wethrift, offers his insights: Full Article Internet Retailing Retail Supply Chain Critical Issues
s Descartes’ Study Reveals Nearly 90% of Consumers’ Sustainable Home Delivery Choices Are Impacted by Economic Pressure By www.retailtechnologyreview.com Published On :: Descartes Systems Group has released findings from its 2024 Home Delivery Sustainability Report: The Environmentally Conscious Consumer Under Pressure survey, which examined online consumer sentiment of retailers’ sustainability practices around their delivery operations. Full Article Internet Retailing Retail Supply Chain Critical Issues
s Serial returners projected to account for £6.6bn of online returns in the UK in 2024 By www.retailtechnologyreview.com Published On :: A silent crisis of ‘serial returns’ is eroding retail profit margins as uncovered in the Annual Returns Benchmark Report 2024* conducted by returns specialist ZigZag, in partnership with Retail Economics, accounting for 1 in 10 (11% of) online shoppers that make returns, are generating a quarter (24%) of all online non-food returns. Full Article Internet Retailing Retail Supply Chain Critical Issues
s MandM unveils interactive Live Shopping experience on Facebook and Instagram By www.retailtechnologyreview.com Published On :: MandM, the online retailer specialising in discounted fashion, sports and outdoor brands, has launched the first of a series of live shopping events on Facebook and Instagram in collaboration with Sprii. Full Article Digital Signage Internet Retailing Retail Supply Chain
s How to Grow Your eCommerce Business Using Cutting-Edge Social Media Strategies By www.retailtechnologyreview.com Published On :: By Luke Alexander, freelance writer.In today's digital landscape, social media has become a pivotal tool for eCommerce businesses looking to thrive in a competitive market. With 5.17 billion active users, social media is essential for businesses aiming to grow and sustain their presence. Full Article Critical Issues Internet Retailing
s DHL eCommerce UK announces new management appointments By www.retailtechnologyreview.com Published On :: DHL eCommerce UK has made two new appointments to its management team, drawing on experience from the retail industry to further align DHL’s services to the evolving eCommerce market. Full Article Internet Retailing Retail Supply Chain
s Linnworks partners with Loop to streamline post-purchase experience for retailers By www.retailtechnologyreview.com Published On :: Linnworks, provider of inventory, order and warehouse management solutions for ecommerce retailers, has announced its new integration with Loop, a post-purchase platform designed to optimise returns, exchanges and reverse logistics. Full Article Internet Retailing Retail Supply Chain
s Zone Skipping vs. Traditional Shipping: What's the Difference? By www.retailtechnologyreview.com Published On :: By Jeremy Light, freelance writer.Businesses are constantly searching for innovative methods to lower costs, increase productivity, and satisfy the ever-increasing demands of their clients in today's fast changing e-commerce environment. Full Article Critical Issues Retail Supply Chain
s Sinch releases 2024 Black Friday and Cyber Monday predictions By www.retailtechnologyreview.com Published On :: Sinch, the company developing the way the world communicates through its Customer Communications Cloud, has released its predictions for the 2024 Black Friday and Cyber Monday (BF/CM) shopping season. Full Article Retail Supply Chain Internet Retailing Critical Issues Cloud Computing
s Practicality, self-care, and surprises: why deep discounts aren’t the main motivator for consumers By www.retailtechnologyreview.com Published On :: While discounts and sales events have long been associated with holiday shopping, new data from e-commerce provider Visualsoft reveals that consumers are motivated by more than just deep discounts when it comes to their seasonal and gifting purchases. Full Article Internet Retailing Retail Supply Chain Critical Issues
s Will Russia pay $50 bn to Yukos shareholders? By english.pravda.ru Published On :: Wed, 19 Feb 2020 14:10:00 +0300 Russia again owes more than $50 billion to former shareholders of the Yukos oil company after a court of appeal in the Netherlands upheld three international arbitration decisions on the lawsuits of Yukos shareholders that were brought down in 2014 in The Hague. This is the largest compensation in the history of international arbitration. The court thus agreed with the former shareholders that oil company Yukos was illegally nationalized and liquidated, while its assets were transferred to state-owned companies. Following the court decision in The Hague, the company's former shareholders will try to seize Russian property in other countries. It remains unclear, though, how long the complex process will take. The landmark decision to collect $50 billion from Russia was made in 2014 by the Permanent Court of Arbitration in The Hague. The plaintiffs in the case were three offshore companies: Hulley Enterprises Yukos Universal Veteran Petroleum, part of Group Menatep Limited. They owned 70% of Yukos and lost their money during its bankruptcy. Company founder Mikhail Khodorkovsky was not on the list of the plaintiffs. In accordance with the decision, Cyprus-based Hulley Enterprises and Yukos Universal Limited were to receive a compensation of $39.9 billion and $1.85 billion, respectively, while the Yukos Pension Fund Veteran Petroleum Ltd. - 8.2 billion dollars. In 2016, the execution of these decisions was suspended by the first instance of the Dutch court, which satisfied Russia's complaint, but now the plaintiffs will be able to resume their attempts to arrest Russian state property abroad. In turn, the Russian authorities intend to reach the Supreme Court of the Netherlands. Arresting Russian state property abroad worth $50 billion will be quite difficult Russia has the right to appeal the decision at the Supreme Court of the Netherlands, but proceedings in other countries to enforce the decisions to recover more than $50 billion may resume already now. Full Article Business
s SDI Group owner Ilgar Hajiyev runs away from debts and prison By english.pravda.ru Published On :: Wed, 25 Mar 2020 11:06:00 +0300 Ilgar Hajiyev, a developer of Accord Smart residential complex, accused of numerous crimes, including real estate scam, is facing another criminal case in Russia. Defrauded homebuyers are collecting signatures for a petition in their defense. These people, who paid their money for apartments in the Moscow region, Odintsovo сity district, but never received keys to their new homes, demand Hajiyev should be delivered to Russia to stand trial for fraud. Only 4 apartment buildings out of 12 that should have been commissioned in 2020 are built - with many violations. "Numerous violations were committed during the construction: façades are falling off, walls and decoration of public areas are crumbling, cardboard doors are already broken," the petition reads. The billion worth scam Hajiyev fled overseas with investors' money in January 2019. It was not only clients, but also business partners, whom Hajiyev scammed, including creditors of SDI Group. Apart from Accord Smart housing complex, subsidiaries of SDI Group were also developers of the Pirogovskaya Riviera residential complex in Mytishchi, the Moscow Region. The complex is being finished by another developer. Hajiyev started building the Pirogovskaya Riviera complex together with businessman Isai Zakharyaev, who later left the project, but never received money for his share. The head of SDI Group owes more than one billion rubles to the former partner. Another one billion Hajiyev siphoned off from the project developer Comfort Invest. Full Article Business
s COVID-19 scam or just simple corruption in Russia? By english.pravda.ru Published On :: Fri, 27 Mar 2020 15:44:00 +0300 Screenshot from the site of Japanese company K.K. Mirai Genomics The Moscow Healthcare Department purchased more than 50 devices and hundred of thousands of test systems for SARS-CoV-2 coronavirus from a company called Medpromresurs. This sounds like good news, if it was not for the dodgy reputation of the company. Thieving businessmen are trying to cash in on the disease that their compatriots suffer from while keeping an eye on the funds from the state budget too. US funded Radio Liberty investigated the Moscow's purchase, that got links to 2019 scandal in Tatarstan. The story began in September 2019. During the Eastern Economic Forum, which was held last autumn, a little-known Japanese company K.K. Mirai Genomics promised to invest 2.5 billion rubles ($30 million) in the production of a diagnostic system for infectious diseases in the Republic of Tatarstan. The systems were supposed to be subsequently acquired at the expense of mandatory medical insurance - the state budget that is. Russian company PharmMedPolis-RT acted as a partner on the Russian side. Taliya Minullina, the head of the Agency for Investment Development of the Republic, put her signature on the agreement for the production of biochips for the diagnosis of influenza. The story was highlighted by a lot of Russian media for its connection to corruption and money-laundering issues. The chips were allegedly patented in Europe, the USA and Japan (coronavirus was nowhere near back then). Strangely enough, the supposedly patented trademark for the LifeRing molecular diagnostic system that consists of disposable chips is not manufactured in any of the above-mentioned countries. Moreover, as the Versia found out, the company's offices in Japan and the United States are located in cheap Class B office buildings, which does not go along with the promise to invest 2.5 billion, because a company like that simply does not have that much money. However, methods for rapid diagnosis of influenza are not just being developed in our country - they are already in practical use. Moreover, the time that is required for testing biomaterial is even shorter in comparison with the time period that foreign-made chips need for the same purpose. K.K. Mirai Genomics was a very little-known company indeed: it did not even have a website at the time when the deal was signed. Mirai never provided any specifications and descriptions of the technology, nor did it say anything about the results of clinical trials. Such facts did not stop the authorities of Tatarstan, though. Full Article Business
s Why do people use cryptocurrency despite all the fraud and complexity? By english.pravda.ru Published On :: Tue, 08 Sep 2020 11:33:00 +0300 With the continuous and rapid evolution of the technological era, digital currencies are gaining popularity daily. They have been gaining traction from the past half-decade. Despite the fluctuations in bitcoin and other cryptocurrencies' value, more and more people start seeing cryptocurrency as a profitable investment. For instance, if we talk about Bitcoin, one of the most popular types of cryptocurrency, it has taken over the digital currency market. If we further discuss its fame, you'll see that it is being used in some of the biggest business names around the globe, including Microsoft, Overstock, and AT&T, now accept it as a method of payment. Here, you might be thinking, why do people use cryptocurrency and cryptocurrency wallets? What are their pros and cons? Is it worth investing in cryptocurrency wallets in 2020? If you have such questions, get them answered here. But first, let us tell you about the MOST USEFUL cryptocurrency wallets. A lot of wallets are designed solely for the storage of cryptocurrencies. At a time when there was a peak in online currency exchanges and thefts, there was a need to create a wallet that will provide ultimate protection. OWNR Wallet is one of the safest bitcoin wallets to buy crypto in 2020. It helps people in keeping their digital money safe from external threats. Along with security, OWNR Wallet offers a variety of useful features for both holders and traders. Full Article Business
s Easy ways to build strong business foundation By english.pravda.ru Published On :: Thu, 17 Sep 2020 13:44:00 +0300 Startups are a lot like infants. They come into the world vulnerable and needy. And it's your job, as the founder, to protect your new business much like a parent would with a helpless baby. Businesses face numerous risks from the start. And in many regards, it's your ability to protect your fledgling business during these early days that makes or breaks your chances of long-term success. In light of this, here are a few practical tips you may find valuable in your pursuit of growth and stability: Form the Right Legal Entity One of the first steps every business owner should take is to form the correct legal entity. This legal entity will provide tax advantages as well as certain asset protections. The most common types of legal entities include: Full Article Business
s USA wants to finally kill Russia's Nord Stream 2 gas project By english.pravda.ru Published On :: Tue, 20 Oct 2020 19:36:00 +0300 The US will expand sanctions against the Nord Stream 2 gas pipeline project. The sanctions will now affect companies that provide services or funding to install equipment on board the vessels that take part in the project. Such a move may permanently halt the construction of the pipeline. The news to expand the sanctions was reported on the website of the US Department of State. Similar restrictions are to be imposed on the participants of the Turkish Stream and other similar projects.The Nord Stream-2 gas pipeline provides for the construction of two sections of the gas pipeline system with a total capacity of 55 billion cubic meters of gas per year from the coast of Russia to Germany along the bottom of the Baltic Sea. Originally, the construction of the pipeline system was supposed to be completed in 2019. However, the work on the project was suspended after US Congress passed a package of sanctions against the participants of the project. The USA remains opposed to the project, claiming that it makes Europe overly dependent on Russian natural gas and increases political pressure on Ukraine, which transits natural gas further to Europe. Kiev and several countries of the European Union share the same position. "Russia uses its energy export pipelines to create national and regional dependencies on Russian energy supplies, leveraging these dependencies to expand its political, economic, and military influence, weaken European security, and undermine U.S. national security and foreign policy interests. These pipelines also reduce European energy diversification, and hence weaken European energy security," the US State Department said in a statement. Russia, Germany, Austria and a number of other countries, whose companies are involved in the construction, insist that this is nothing but a business project.In late 2019, the United States imposed sanctions on Nord Stream-2, having demanded the companies involved in the construction should immediately stop their works on the project. Allseas, a Swiss company, pulled out of the project almost at once.Representatives of Russia's natural gas monopoly, Gazprom, stated that they would be able to complete the construction of Nord Stream-2 independently. For the time being, one needs to finish the construction of the section that is 100 kilometres long. On October 17, German Foreign Minister Heiko Maas said in an interview with RND that the project would be completed. Full Article Business
s Exploring differences between bankruptcy in Russia vs. USA By english.pravda.ru Published On :: Wed, 28 Oct 2020 14:29:00 +0300 Bankruptcy isn't a topic that anyone likes to discuss. Creditors, debtors, and government officials all get a little queasy at the thought of bankruptcy, but it exists for a reason. And in many situations, it can provide relief when financial friction is heightened. But bankruptcy isn't the same in every country. Laws, rules, and stigmas differ rather significantly - particularly between Russia and the United States. The what and why of bankruptcy Bankruptcy is one of the primary methods by which control over an asset can be transferred to more capable or efficient owners in the instance of market economies. Ultimately, bankruptcy serves three distinct purposes: To solve collective action problems among creditors as they deal with insolvent debtors. To give individual debtors a chance at a "fresh start" when they're overburdened by debt. To preserve/save the financial distress firms have by reorganizing rather than liquidating. Bankruptcy is basically government-sanctioned relief that allows individuals or businesses to have debts forgiven, granted they meet specific criteria and follow certain guidelines. It plays an important role in keeping the larger economic engine hitting on all cylinders. Without bankruptcy, millions of citizens would find themselves impoverished and unable to financially recover from dire situations. Full Article Business
s Makhlai blames Uralchem for TogliattiAzot being in trouble By english.pravda.ru Published On :: Mon, 13 Sep 2021 12:26:00 +0300 The runaway owner of TogliattiAzot, Sergei Makhlai, is once again in the spotlight of Russian media. This time their interest was aroused, apparently, by the media publications sponsored by Makhlai. Recently several Russian media have suggested that the chemical giant TogliattiAzot needs a change of ownership, since the current main owners of the plant, headed by Sergei Makhlai, have ruined the enterprise and criminalized it drastically. This seriously scared Makhlai, who attempted to justify himself and lay the blame on the others. Full Article Business
s German Lillevali and tumbled pyramids of grand strategists By english.pravda.ru Published On :: Wed, 15 Sep 2021 20:55:00 +0300 How do famous film directors and athletes become baits for pyramid schemes? How are such prominent figures as Anatoly Karpov, Nikita Mikhalkov and other renowned personalities in Russia involved with the scammers from Anchor-Invest? Scarcely ever it is possible to catch and put into jail big-time operators of financial pyramids how it happened with Mavrodi, the famous "financier of Russia". Apart from Mavrodi, a variety of pyramids existed and continue to operate in Russia that have the same backbone; to take your money. Full Article Business
s Evergrande does not fit into the line of China's new policies By english.pravda.ru Published On :: Thu, 23 Sep 2021 20:29:00 +0300 On Monday, September 20, during a trading day on the Hong Kong stock exchange, the shares of Chinese developer Sinic collapsed by 87 percent. Experts point out that the shares collapsed due to the "domino effect", which was caused by the crisis of China's another developer giant, Evergrande. In 2020, Evergrande owner Hui Ka Yan was among the top three Chinese wealthy men. Today, however, the development company that he owns has found itself on the verge of default. Evergrande's debts are overwhelming and reach an astronomical amount of $302 billion. How did Hui Ka Yan lead his development empire to such a deep crisis? Evergrande is due to pay its investors $83 million on September 23rd. S&P Global believes that the Chinese government refuses to bail out the debt-stricken company. However, Hui Ka Yan is full of optimism. He assured his employees that his company will extricate from the crisis, although he did not specify how. Full Article Business