Business

MOSCOW, January 25. /TASS/. Russia is implementing a project on upgrading the Cuban railway network that carries a price tag of about 2 bln euro, Deputy Prime Minister Yuri Borisov told reporters on Friday.

"We have advanced in implementing the project to upgrade Cuba’s railway network. The price of this project is nearly 2 bln euro. It will take seven years and will play a key role in the economy of Cuba. We agreed to break it down into two phases, optimize required loan resources, and we will begin specific work on the project soon," the official said.

WASHINGTON, January 25. /TASS/. The White House and Congress have reached a deal to end government shutdown for three weeks, US President Donald Trump said on Friday.

UNITED NATIONS, Jan. 25 (Xinhua) -- The United Nations Security Council on Friday held an open debate to discuss the impact of climate change on peace and security, while calling for action to diminish the effects of global warming.

"The risks associated with climate-related disasters do not represent a scenario of some distant future. They are already a reality today for millions of people around the globe," Rosemary DiCarlo, UN's political affairs chief, told the debate.

Washington, Jan 26 (PTI) Submitting to political pressure, President Donald Trump has backed a deal to temporarily end the record-breaking government shutdown in America's history despite getting no funding for his controversial plan to build a wall along the US-Mexico border.

The deal resolved the crippling 35-day closure but not the fight over his proposed border wall.

Trump is demanding USD 5.7 billion of congressional funding to build the wall, but the Democrats have refused. The shutdown, which began on December 22, has affected some 800,000 federal employees.

New Delhi, Jan 25 (PTI) Talks are underway between Prime Minister Narendra Modi and South African President Cyril Ramaphosa to strengthen ties between the two nations and step up cooperation in a range of areas, including defence, security and trade.

New Delhi, Jan 25 (PTI) IndiGo's new CEO Ronojoy Dutta Friday told the staff that the airline would be making a major expansion into international markets.

Dutta's appointment as the CEO of InterGlobe Aviation, the parent of IndiGo, was made by the board on Thursday amid the carrier working on expansion of its presence.

IndiGo is the country's largest airline in terms of domestic market share.

New Delhi, Jan 25 (PTI) Amid a row over Rahul Gandhi's Kailash Mansarovar visit last year after the Congress chief on Friday said he had also met Chinese ministers during his trip, the Beijing's envoy here said all Indian pilgrims were welcome to the country.

"The Chinese government, the Chinese side will welcome all pilgrims from India," Chinese envoy Luo Zhaohui said in response to a question on Gandhi's meeting with his country's ministers.

25 Jan 2019; AFP: A new industrial revolution is under way on the outskirts of Dublin.

Fortunes are being made in clusters of anonymous warehouses housing vast data centres.

"Data is the new oil, definitely," said Brian Roe, commercial director of Servecentric, a data centre company.

Roe is a new breed of prospector, presiding over one node in a network of 48 data centres in Ireland.

25 Jan 2019; AFP: Donald Trump's billionaire commerce secretary fueled accusations Thursday that the US administration was deaf to the impact of the government shutdown after saying he didn't understand why some federal workers were turning to food banks.

Wilbur Ross shrugged off the impact of the shutdown -- now in its 34th day -- saying workers should just take out loans to cover their expenses.

MOSCOW, January 24. /TASS/./TASS/. Venezuelan President Nicolas Maduro said he is not going to step down, Agencia Venezolana de Noticias (AVN) quoted the president as he addressed the Supreme Court on Thursday.

"I will never give up on commitments to the homeland, I will never do this," said the president who was inaugurated for the second term on January 10. The US and the Lima Group countries with the exception of Mexico refused to recognize Maduro’s re-election.