Tag Archives: Biggest

Russia to build one of the world's biggest cargo jets to replace Soviet legend

Russia is set to start construction of a super-heavy cargo plane to replace the iconic Antonov An-124 Ruslan, developed in the Soviet Union. The project has been included in the state armament program though 2027 and work on the new aircraft will begin within that time frame, according to Russian Deputy Prime Minister Yuri Borisov. In June, Russia said it ...

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Facebook market value shrinks by $119 billion in biggest single day loss

Published time: 26 Jul, 2018 20:50 Edited time: 26 Jul, 2018 21:03 Facebook shares have fallen 19 percent, wiping $ 119 billion off the social media giant’s value. The one-day percentage drop, the biggest ever for US traded company, comes after it forecast years of lower profit margins. Facebook shares closed at $ 176.26 on Thursday. “We expect our revenue-growth rates ...

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US-driven trade war biggest ‘confidence killer’ for global trade – Beijing

China has accused the United States of hurting the global economy by waging trade wars. Beijing says the whole world will retaliate if Washington sticks with its aggressive trade policy. Read more “The US trade war is not just with China but with the rest of the world. By regarding the rest of the world as adversaries, the US has ...

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US started biggest trade war in history, China forced to retaliate – Beijing

China’s commerce ministry says the country has no choice but to fight back after the US “launched the largest trade war in economic history,” as Washington’s 25 percent tariffs on various Chinese imports go into effect. “On July 6, the US began to impose 25 percent tariffs on $ 34 billion worth of Chinese imports. The US has breached WTO ...

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Attempt to break world’s biggest orgy record falls limp as enthusiasm withers

An attempt in Las Vegas to break the record for the world’s biggest orgy has fallen short of its record-breaking 500+ person target. Instead, the Sin City event attracted a relatively limp crowd of just 375. Despite organizers having changed to a larger venue to accommodate the more than 1,000 registrants, more than half of the expected number pulled out ...

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Russia doesn’t seek to divide EU, our biggest trade partner – Putin to Austrian TV

Moscow wants the EU to forget the claim that it’s trying to fracture European politics, Vladimir Putin told Austrian TV, ahead of his Vienna visit. Russia keeps a large chunk of reserves in euro and wants a prosperous EU, he said. President Putin ridiculed the idea of Moscow allegedly supporting forces that strive to dismantle the EU, saying that “people ...

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Russia to double gold extraction becoming world's second biggest producer

Major Russian gold mining companies are planning to almost double production. The increase could make Russia the world’s second largest producer of the precious metal. The country is currently third in the global rating of gold miners after Australia and China. However, that could change in less than a decade, according to Mikhail Leskov, deputy CEO at the Moscow-based Institute ...

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Radicalization & staff suicides: Europe’s biggest prison unfit to cope with jihadist inmates

French prison Fleury-Merogis, which holds 20 female jihadist inmates and is notorious for Islamic radicalization, is “simply cracking.” The staff struggles with violence and exhaustion, a prison union representative told RT. The facility for imprisoned women within the Fleury-Mérogis Prison, located just 24km from Paris, has 290 female inmates, 20 of whom the administration tagged as Islamic terrorists, or TIS. ...

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US approves merger of Bayer & Monsanto, paving way for world’s biggest agrochemical corporation

The US Department of Justice has reached a settlement that would allow Bayer AG’s $ 66 billion takeover of Monsanto Co, requiring the German company to sell $ 9 billion in agricultural assets first. Read more The merger as initially proposed would have harmed consumers and farmers by eliminating competition, the DOJ said. However, the Trump administration is satisfied with ...

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Silicon Valley's biggest ever tech bubble about to burst

The excessive speculation in internet-based companies is worse today than during the peak of the dot-com bubble at the turn of the millennium, warns Keith Wright, a professor at the Villanova School of Business. “It’s going to be all downhill from here,” he wrote in an opinion piece for CNBC. “Massive losses are coming in venture capital-funded start-ups that are, ...

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