Russia’s largest bank Sberbank (Sber) increased its profit by 10% year on year to record-high RUB436bn ($4.7bn) in 1Q25, making a return on equity of 22%, according to the bank’s announcement. As ...

Amazon has officially begun building its broadband internet service in orbit with the delivery of the first batch of its Kuiper satellites.

Russia’s two largest lenders, Sberbank and VTB, reported a sharp increase in delinquencies on mortgage and unsecured consumer ...