Economy of the Soviet Union

Incredible futuristic flying vehicle by Kalashnikov! (video)

Popular Mechanics reports that a Russian defense company has developed a flying vehicle that took to the air earlier this week as manufacturers demonstrated what it can do. The hovercraft, built by Kalashnikov Concern, gets its lift from 16 sets of rotors and appears to run on battery power, not fuel.

Apple Halts Online Sales in Russia Over Ruble Instability

The technological giant Apple has temporarily suspended online sales in Russia, because of the instability of the ruble, reports Bloomberg.

"Our online store in Russia is currently unavailable while we review pricing," Alan Hely, spokesperson of Apple told Bloomberg in an e-mail on Tuesday. "We apologise to customers for any inconvenience."