A global crisis has never ended, most of the Western states have enormous debts which they are not able to pay off, and the current collapse of the Russian currency is just its continuation, Mitch Feierstein, of Glacier Environmental Fund, told RT.
Congress overwhelmingly passed a new defense spending bill that will allow the Pentagon to carry out its budding plan to arm and train rebel groups in Syria as part of the military campaign against Islamic State militants.
The House of Representatives voted to pass a massive spending bill that will keep the government running into next year, narrowly avoiding a shutdown as Republicans and Democrats spent the night at odds over various provisions.
Living standards in the UK are the fourth highest in the EU, according to new figures. The release of the Eurostat report comes as Shadow Chancellor Ed Balls warns the latest austerity measures could plunge the UK into a new depression era.
Following Chancellor George Osborne’s pledges in the Autumn Statement to raise NHS spending and maintain the “fast” recovery of the economy, a study from the Institute of Fiscal Studies (IFS) warns Britons will face “colossal” spending cuts.
France's state-owned cinema body has come up with a decision to take measures against the country's 'too demanding' film stars. According to the new rules, an actor, director or screenwriter can only get 990,000 euro maximum in a state-funded film.
British Chancellor George Osborne unveiled his final Autumn Statement of this parliament on Wednesday, arguing he was on course to reduce the UK’s budget deficit and that his austerity policies had strengthened the economy.
Herman van Rompuy, the former president of the European Council, is to get over £400,000 (over $620,000) of EU taxpayers’ money over the course of three years after his retirement, the UK’s Independent newspaper revealed.
The current oil price – about $70 per barrel – is acceptable for Russia and will not cause internal crisis, Aleksey Ulyukayev, minister of economic development, says. The price that matters for the budget is in rubles, which is balanced by currency rates.