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Big deal

​Putin's L.America 'big tour', deals done
A six-day tour by Russian President Vladimir Putin to Latin America ended with a long anticipated creation of the BRICS bank and the signing of energy agreements, as Russia looks to build alliances to counter Western influence.

17.07.2014 10:45

Microsoft announces biggest layoff in history, cutting 18,000 jobs
Microsoft will cut a record 18,000 jobs next year, as the company’s new CEO Satya Nadella seeks to boost efficiency, according to a company memo on Thursday.

17.07.2014 12:20

Listen to the sound of the Global South
The BRICS summit in northeast Brazil has already made history for one key reason; the creation of the New Development Bank.

17.07.2014 10:38

Fox owner Murdoch wants to buy CNN parent company too
The media empire administered by billionaire Rupert Murdoch would have grown exponentially had Time Warner Inc. accepted an impressive offer last month to be bought by Murdoch’s 21st Century Fox.

16.07.2014 16:46

Raising the BRICS roof
With the leaders of Brazil, Russia, India, China and South Africa coming together for the 6th BRICS Summit, it is worth touching once again upon the significant role these countries and other emerging markets play in the global economy.

16.07.2014 14:40

​UAE wants space agency & probe to Mars by 2021
The United Arab Emirates announced plans to get ahead of other Arab nations and enter cosmic exploration with a space agency of its own. By 2021, the first unmanned UAE spaceship is supposed to blast off from the Arabian Peninsula on a mission to Mars.

16.07.2014 11:15

BRICS establish $100bn bank and currency pool to cut out Western dominance
The group of emerging economies signed the long-anticipated document to create the $100 bn BRICS Development Bank and a reserve currency pool worth over another $100 bn. Both will counter the influence of Western-based lending institutions and the dollar.

15.07.2014 17:24

‘Building a BRICS wall’
President Putin’s visit to Latin America is of transcendental importance at a time when the BRICS bloc is becoming something far more than a mere trade agreement, and where Russia is playing a key global geopolitical role.

July 15, 2014 17:29

US sells $11bn worth of arms to Qatar
Washington and Doha have signed the largest arms deal of the year, preparing to enhance Qatar’s military capabilities with $11 billion-worth of Apache assault helicopters, PAC-2 missile defense complexes and Javelin man-portable anti-tank missiles.

15.07.2014 04:59

Denver firms agree to $3.8bn merger to create Bakken 'shale king' in US
US based Whiting Petroleum is to buy Kodiak Oil for $3.8 billion. The deal brings together two of the biggest players in the Bakken shale formation. The deal creates a dominant player in North Dakota, the second biggest oil producing state in the US.

14.07.2014 12:03

Russia writes off 90% of Cuba's debt ahead of Putin's 'big tour' to L. America
Russia has written down $32 billion of Cuba’s Soviet era debt. Russian President Vladimir Putin signed the law ahead of his official visit to Latin America, with Havana as his first stop.

11.07.2014 08:45

Russia pushes for BRICS energy association
Russia is to urge its BRICS counterparts to set up an energy association that will include a fuel reserve, as well as the institute for energy policy, according to Russian presidential aide Yuri Ushakov.

10.07.2014 10:00

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