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Coca-Cola HBC says Russia a ‘risky’ developing economy[2013-02-27 18:28:56]
The world’s second largest Coca Cola bottler Swiss-based Coca-Cola HBC, in a report to investors, says its revenues are endangered by “inconsistent...
Sliding pound: British currency loses 67% of its value over last 30 years[2013-02-25 21:01:23]
While the British pound slides on the currency markets in reaction to a downgrade of the UK's triple-A credit rating, examination of...
BP due for trial over 2010 oil spill in Gulf of Mexico[2013-02-25 21:00:11]
The civil trial is scheduled to begin on Monday against UK oil giant BP over the 2010 Deepwater Horizon oil spill and...
UK onshore wind farms to create more carbon dioxide[2013-02-24 23:51:11]
Thousands of Britain’s onshore wind farms will create more greenhouse gases than they save because many of them are built on peatland,...
Moody’s strips Britain of top-notch rating[2013-02-23 15:02:02]
Moody’s rating agency has revoked Britain’s excellent credit rating, downgrading it one notch from AAA to Aa1. The agency cited slow growth...
Dark horse: Russia considering European beef ban over meat scandal[2013-02-23 14:18:07]
Meat products from Europe may be banned in Russia following the news of unsanitary horseflesh being sold under the guise of beef...
US wants Iran to stop using euro, ECB under pressure[2013-02-23 14:15:21]
The European Central Bank is under pressure from US lawmakers over financial relations with the Iran. The legislators are masterminding a bill...
Egypt orders $2.5mln worth of teargas from US despite plunging economy[2013-02-23 14:06:27]
Egypt's Interior Ministry has ordered shipments of 140,000 teargas canisters from US in January. The total cost of the shipment amounts to...
Jackpot: Nevada expects big money after online gambling legalization[2013-02-23 13:59:45]
Nevada has beaten their casino rivals from New Jersey to become the first US state to legalize online gambling and open doors...
Russian capital outflow to reach $50bn in 2013, ‘enough to fund another Olympics’[2013-02-23 13:20:12]
The amount of capital expected to leave Russia in 2013 was raised to $50 billion by the Ministry of Economic Development. Analysts...
First Russian billionaire to give away half of his fortune[2013-02-19 18:03:21]
Russian nickel and media mogul Vladimir Potanin has joined the Giving Pledge charity organized by the richest men in the US, as...
China denies ‘biggest trader’ status, insists it’s ‘developing country’[2013-02-19 18:02:27]
The Chinese leadership has rejected the status of the planet’s biggest trader, despite surpassing America in total imports and exports by a...
Rosneft seeks partners in Asia for Arctic oil and LNG projects[2013-02-19 18:01:07]
Russian oil major Rosneft has offered some of China’s biggest oil and gas companies a chance to participate in the development of...
Iceland considers dropping its currency[2013-02-19 17:59:01]
Iceland’s krona may become the world’s next obsolete currency, as economists evaluate whether to continue its use or jumping ship to the...
G20 leaders to question austerity in Moscow[2013-02-16 19:17:21]
The need and the scope of belt – tightening in crisis stricken countries is due to be one of the central topics...
Latvia to join eurozone in 2014[2013-02-16 19:16:19]
Despite continuing recession in the eurozone another country is joining. Latvia is switching from the lat to the euro next year.
The transition...
Tax the world: EU’s controversial ‘Tobin’ tax might take effect in 2014[2013-02-16 19:14:08]
The controversial ‘Tobin’ tax on financial transactions which could raise over $40 billion a year has been agreed upon by 11 EU...
Facebook among US corporations that pay no income taxes[2013-02-16 18:23:11]
As a result of tax loopholes and deductions, the social media giant Facebook paid no income taxes for the fiscal year 2012,...
American Airlines and US Airways announce world’s largest air carrier merger[2013-02-14 17:58:13]
It’s a happy Valentine’s for American Airlines and US Airways, as they have announced an $11 billion merger to create the world’s...
Russia’s shadow economy down to 35% of GDP in 2011[2013-02-14 17:56:46]
The volume of Russia’s black economy decreased from an average 46% of GDP prior to 2011 to 35% in 2011. This led...
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