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02.05.2009, 02:55

Thousands hit streets for Labor Day rallies

Celebrated since 1890, first under the tsar and then in Soviet times, Thursday marked the 119th Labor Day in Russia.

04.05.2009, 10:20 8 comments

"Not even Jesus could reverse the decline in the US"

The world economy is not only showing few signs of recovery, but we are also looking at the end of the American century, according to German author and economist William Engdahl.

30.04.2009, 09:14

Unpaid vacations for military to cut costs

Lithuania’s Defense Ministry is offering staff additional unpaid leave as extra measures to cut spending, while the country registers its largest drop in GDP in 16 years.

Farmers and farm workers protesting against job losses and water shortages in Los Banos, the US. (AFP Photo / David McNew / Getty Images) 27.04.2009, 17:20

Bosses beware as workers worldwide seek revenge

Fear of imminent job losses amid ill-timed “fat cat” bonuses aid a growing feeling that the business elite caused the financial crisis but the workers are paying for it, causing desperate staff to take desperate action.

01.07.2009, 17:29 1 comment

“Gambling industry still has future… unfortunately” – analyst

Despite the crisis that made transfer of the gambling industry to four far-flung areas problematic, “gambling won’t disappear so easily,” Boris Kagarlitsky of the Institute for Globalization Studies in Moscow told RT.

06.06.2009, 09:14 1 comment

Wheat from chaff – first World Grain Forum opens in St. Petersburg

The financial crisis will loom large at the first World Grain Forum opening in St. Petersburg, Saturday. Participants from 40 countries are gathering to discuss how to ensure food security amid the crisis.

27.08.2009, 15:47 1 comment

“Russia unlikely to give Belarus $500 million”

Chances of Russian loaning $500 million to Belarus are low, as the countries appear to be moving in different directions, says Kirill Koktysh from the Moscow State Institute of Foreign Affairs.

Painting by Dave Calver 18.02.2009, 20:02

Number of jobless surges

Since September 2008, the number of unemployed in Russia has jumped by 1,100,000 according to Tatyana Golikova, the Minister of Public Health and Social Development.

14.04.2009, 18:13

Unemployment rate reaches two million

The official number of unemployed in Russia has surpassed two million, and most major Russian industries have been unable to escape the global economic downturn.

06.10.2010, 22:09

Russia’s small businesses – dying breed, statistics show

According to the recent government figures, the number of SME has declined almost 6 per cent year on year.

Entire town trapped in crisis

Published: 22 May, 2009, 09:52
Edited: 16 June, 2010, 23:31


Jobless residents of a city in Russia's northwest, all three plants of which were shut down due to the crisis crunch, have been protesting, demanding an immediate solution to the situation.

 
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