China responds to Biden’s Taiwan defense pledge

Beijing says it “deplores” the US president’s latest interview, in which he indicated Washington’s readiness to defend Taiwan Beijing has issued a protest in response to US President Joe Biden’s latest remark that Washington could use its military to defend Taiwan. China considers the self-governing island to be a part of its inalienable territory that…

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Russian court to consider terminating Starbucks trademark rights

The new owners of the popular coffee chain in the country have rebranded the local franchise The owners of the remains of the Starbucks chain in Russia have asked a court to terminate legal protection of the American company’s trademarks, a court document has revealed.

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Russian machine tool industry looks to recover Soviet-era glory

Demand has grown as a result of sanctions and the ongoing military operation in Ukraine A wave of sanctions and current military engagements have sharply increased demand for domestic machine tools in Russia, Semyon Yakubov, the CEO of RT-Capital, a subsidiary of state-run corporation Rostec, told business daily Kommersant on Thursday.

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