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Russia to prosecute fugitive banker over $1 billion theft

The Prosecutor-General’s Office of Russia has opened a criminal case against Sergey Pugachev, charging the former banking tycoon with large-scale embezzlement and abuse of official position over the 2010 collapse of a bank he headed.

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Russia's largest region bans Halloween

The celebration is “inappropriate” amid efforts to preserve national cultural heritage, the Yakutian Education Ministry has said Russia’s largest region of Yakutia has said that Halloween festivities should not take place in schools, with the education ministry arguing that the holiday could interfere with the goal of preserving the national heritage and traditions.

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Largest UK energy producer warns of 70% price rise

A red flag has gone up after the latest bidding round saw no offers to build new wind farms The price offered by the British authorities for electricity generated by wind farms must be increased by up to 70%, according to the head of the country’s top power provider.

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