Russia slides deeper into recession, prospects are ‘grim’
It keeps getting worse for Russia. The combination of Western sanctions and tumbling oil prices is pushing it deeper into recession. Russia’s economy shrunk 4.6% in the second quarter, the biggest More...
Bret Ratner and Mariah Carey Producing New Christmas Movie
Bret Ratner and Mariah Carey are teaming on a new Christmas movie. The producer will also make a new movie about Russian oligarchs for Warner bros. New Line Entertainment bought the rights to the project from More...
Leonid Bershidsky: UK Government Unfair in Picking on Mikhail Fridman
U.K. Prime Minister David Cameron threatened to force Russian billionaire Mikhail Fridman to sell his North Sea Energy assets unless Fridman gives him assurances. According to Reuters, a spokesman for Cameron More...
Russia’s Richest Man Viktor Vekselberg to Open Solar Plant
Reeling from the dropping price of oil, the Russian economy, or at least Russia’s richest man, Viktor Vekselberg, may find hope in alternative energy. Bloomberg reports that Vekselberg’s More...
Billionaires Mikhail Fridman, German Khan, Buying London Luxury Student Dorms
Tycoon Mikhail Fridman is leading An investment group of Russian billionaires looking to purchase luxurious student facilities in London, for an estimated $824 million, propertyweek.com reported. Fridman More...
Billionaire Mikhail Fridman Shacking Up Investments with UK Student Housing
Russian billionaires who have been bitten by sanctions are buying up student housing in the U.K, according to Property Week. LetterOne, an investment group founded by Mikhail Fridman, oil tycoon and, More...