Mercedes, BMW, and other European carmakers will likely “fade into history” within the next decade, Maksim Oreshkin has warned China is rapidly gaining market capitalization in the global automobile sector, while European carmakers are losing competitiveness, Maksim Oreshkin, Russian President Vladimir Putin’s top economic adviser, told Expert magazine in an interview published on Tuesday.

The Russian currency continues to strengthen despite the Central Bank’s call to lift capital controls The ruble soared on the Moscow Exchange on Monday, reaching a new multi-year high against the US dollar. The rally comes despite the Central Bank proposal last week to scrap capital controls that have supported the currency in the face of…

Legionnaires’ disease has killed seven in a city that is key to supplying Kiev with weapons Poland’s Internal Security Agency (ABW) is investigating whether an outbreak of Legionnaires’ disease in the south eastern city of Rzeszow, adjacent to the country’s border with Ukraine, may have been an act of “sabotage,” a spokesman said on Friday.