Athens hoping for €6bn boost from privatisations in next 18 months

Greece is looking to raise up to €6bn from the sale of ports, airports and utilities…

Qatar blockade puts 2022 World Cup under threat

The very real possibility of Qatar facing a long-term blockade of its sea and land routes…

Golden Globes go to China

Golden Globes: The Dalian Wanda Group,  the  real-estate conglomerate owned by Chinese billionaire Wang  Jianlin, has  finalised…

Wanda quits Spain and turns attention to France and $3.3bn EuropaCity

EuropaCity: Billionaire Wang Jianlin’s Dalian Wanda Group has agreed to sell the Edificio Espana building in…

Dalian Wanda buys another cinema chain as Wang Jianlin presses on

Chinese multinational conglomerate Dalian Wanda has bought the Odeon & UCI cinema chain from the Terra Firma…

Chinese consortium ready to buy AC Milan from Berlusconi’s Fininvest

A Chinese consortium has agreed to buy an 80% stake in the Italian Serie A soccer club…

Bullish Sorokin puts cost of Russia 2018 put at over $10bn but on schedule

Russia 2018: The cost to Russia of holding the 2018 World Cup will come to over…

Bank chief puts true cost of Sochi Winter Olympics at $19bn (not $2.9bn)

The true cost of hosting the Sochi Winter Olympics was $19bn – not the official tally…

Chinese consortium eyes up stake Formula One takeover bid

Eleven years after China joined the  Formula One motor racing circuit, a group of Chinese firms lead…

First casino opens in Primorye gambling zone

The first casino in the far eastern Primorye gambling zone –  that is being billed as Russia’s…

Decline in Russian tourism sends Santa Claus Village into bankruptcy

The Santa Claus Village in northern Finnish town of Rovaniemi, has filed for  bankruptcy after failing…

Ukraine welcome at World Cup, says Russia, as Blatter attends draw

The head of Russia’s World Cup organising team Alexei Sorokin  this week assured  Ukraine that it would be…

China Investment Corp in $1.4bn European shopping spree

The China Investment Corp  has bought ten shopping centres  with a combined area of 221,000m² in France…

Moscow beer prices top rankings despite rouble’s decline

Buying a beer in a bar or supermarket in Moscow is still more expensive than anywhere…

Russia slashes 2018 World Cup expenditure by $560m

The Russian government today orders cuts estimated at $560m from the budget from the  2018 World Cup…

Second Chinese e-commerce company targets Russia

JD.com today became the second  Chinese e-commerce company  after Alibaba to make a bid for a…

Asian exporters fill gap left by Western exodus from Russian fashion market

Russian fashion market: Asian apparel manufacturers, particularly  from Bangladesh and Vietnam, are taking full advantage of the exodus…

Alibaba opens registered office in Russia as AliExpress corners the market

China’s Alibaba Group has opened a registered office in Russia, where its online retail  operation AliExpress already attracts…

Japanese group ready to invest $450m in leisure complex on Russky Island

Japan’s Iida Group Holdings is prepared to pump up  to $450m into Russky Island to develop a…

Putin defends Blatter and attacks FIFA arrests as ‘persecution’

FIFA arrests: Russian President Vladimir Putin has called Wednesday’s swoop on top FIFA officials in Zurich by the…

Russia denies connection between FIFA arrests and 2018 World Cup

FIFA arrests: The chairman of the Russian parliament’s sports committee Igor Ananskikh has insisted that today’s arrest of several high-ranking…

Russian World Cup hotel construction program slashed

Russian World Cup hotel construction: Authorities in Russia are getting ready to slash  the number of…

Tesco to open F&F clothing outlets in Moscow

Tesco‘s F&F clothing brand is to open its first Russian outlets in  Moscow in June. Two of the…

Russian beer prices hit 17 year high

Russian beer prices are at a 17-year high as the market is squeezed by government regulation and falling consumption, according…