St. Petersburg Economic Forum
The St. Petersburg International Economic Forum brings together politicians and corporations from around the world on June 21-23. Politicians and executives will gather in Russia at a time when the so-called BRICs and other emerging markets are playing an increasingly role in the global economy amid the European debt crisis. Follow the breaking news, in-depth reports and videos from the debate at St. Petersburg.
President Vladimir Putin asked the chief executive officers of U.S. and European energy producers to grant Russian companies access to international assets, holding out some of the world’s biggest untapped resources as a prize.
France is selling weapons to Russia in defiance of American efforts to isolate President Vladimir Putin. The U.S. is preparing to slap France’s largest bank with a fine that could top $10 billion. French government ministers have sought to derail General Electric Co.’s bid for France’s top energy-equipment maker.
The Federal Reserve will release minutes from its April meeting at which the Federal Open Market Committee said it would cut bond buying as the economy picks up after winter weather slowed first-quarter growth.
Sixty years ago, the Soviet Union embarked on its Sputnik project, setting off a race with the U.S. to conquer space. Vladimir Putin’s Russia is using a new Sputnik to challenge U.S. leadership in an entirely different field: Internet search.
General Motors Co., facing continued losses in Western Europe, is more than doubling capacity at a factory in St. Petersburg that will make the new Opel Astra sedan as the Russian auto market rebounds, the company said.
North Atlantic Drilling Ltd., the rig-owner controlled by billionaire John Fredriksen, signed a cooperation deal with OAO Rosneft that will make Russia’s biggest oil company one of its largest shareholders.
Readers of ThinkRussia.com could be forgiven for believing BMX biking, advances in nanotechnology, and the opening of a Russian pancake house in New York are the biggest headlines from the ex-Soviet state.