breakingnews
13.10.2008, 06:40
Russia's number two automaker GAZ says it will reverse its sliding market share, as buyers downsize in the credit crunch. The news comes as the head of luxury car manufacturer Audi reveals sales growth in Russia has collapsed.
27.10.2008, 16:59
The U.S. administration has prompted a huge surge in the U.S. dollar, which may help refinance its financial sector. The cost is a currency whirlwind that threatens the collapse not just of banks and companies but entire countries.
30.10.2008, 06:03
As the credit crisis spreads, car dealers are turning back deliveries of new vehicles. Hundreds of unsold cars line the road to Moscow as Renault Russia claims it has nowhere to put them. Truck drivers are threatening to block the road if the situation is
31.10.2008, 07:21
The scariest holiday of the year – and the best occasion for attitudinal dress-up – may be marred by this year’s economic crisis as many will consider it a waste to actually buy a new costume for a Halloween party. But R
03.11.2008, 11:34
When the credit crunch bites it's most visible in commerce and industry but it's also hitting the arts. Whether it's the world of film or fashion the Russian cultural scene is also now feeling the pinch. However,the financial slump is not only about money
08.12.2008, 16:44
Ford’s car plant in the Leningrad region will suspend production for nearly a month over the New Year’s period – giving workers an extended holiday as demand weakens.
16.10.2010, 01:30
15 comments
The tide of fear against Socialism is on the rise in America. At a time when the economy is so rough, why this debate over capitalism vs. socialism?
21.10.2010, 22:14
3 comments
The European Parliament has voted for a budget increase that would cost UK taxpayers an additional 900 million pounds next year.
03.03.2010, 00:49
75 comments
Violence breaks out as students at the flagship school of the University of California protest stiff tuition hikes.
23.10.2010, 00:52
7 comments
Finance ministers from the G-20 nations will meet in South Korea to address the global financial crisis. US Treasury Secretary Timothy Geithner is expected to push his plan aimed at rebalancing the world economy.
Published: 31 October, 2008, 11:56
The global crisis has had a devastating impact on car sales in Russia and a huge fleet of car transporters is now stuck outside Moscow. The dealer the consignment is intended for is refusing to accept the vehicles saying there is no room to store 500 cars
