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‘US shale oil exploration led to low oil prices, market shakeup’
Falling oil prices embarrass and make life difficult for countries that depend on oil exports, including Russia and Venezuela, and the US would enjoy making life difficult for them, economist Richard Wolff told RT.

24.10.2014 07:19

‘Saudi policy of downplaying oil prices to backfire on them’
Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT.

20.10.2014 09:35

‘No tragedy’ for Russian budget due to current oil prices
Russian President Vladimir Putin has said that the current low oil prices are “no tragedy” for the Russian budget, stressing that they may soon see an upward correction.

17.10.2014 20:03

Obamacare likely to cost $300 billion more than thought – Congressional Budget Office
​The real cost of Obamacare will be hundreds of billions of dollars more than expected, Republican members of the Senate Budget Committee now say, and will greatly increase the federal deficit during the next decade.

14.10.2014 17:30

‘Germany loses its position as EU economic power house’
With current forecasts Germany can’t keep up the rates of economic bailout and credit support that it has previously given to South European countries, the director of the Freedom Association in the UK Rory Broomfield told RT.

09.10.2014 08:22

Google announces it can now monitor your bills
​Figuring out how broke you’re about to become has never been easier: a new feature being rolled out by Google is letting mobile app users see when their bills are due and how much is owed with a single prompt.

08.10.2014 20:20

China surpasses US as world's largest economy based on key measure
China has surpassed the US in terms of GDP based on purchasing power parity (PPP), becoming the largest in the world by this measure, International Monetary Fund estimates show.

08.10.2014 15:15

World Bank cuts China’s growth forecast
The ​World Bank has cut its growth forecast for China for the next two years as world’s second largest economy faces tighter global monetary conditions.

06.10.2014 07:48

Toxic finance: Reckless payday lender Wonga wipes mountain of debt
Thousands of customers who took loans with controversial pay day lender Wonga are to have their debts written off, in an action expected to cost the ‘legal loan shark’ more than 200 million pounds.

02.10.2014 13:32

France sets new budget, rejecting German austerity plan
France’s new budget plan brings the deficit to below the EU limit of 3 percent of GDP by 2017, defying Germany’s austerity program.

01.10.2014 20:00

​Israel gives military 10% spending boost, covers Gaza campaign costs
On the eve of the Jewish New Year, the Israeli PM and Finance Minister have showered the Defense Ministry with gifts, agreeing to boost the military budget by 10 percent in 2015 and cover the one-time costs of the latest Gaza bombing campaign.

24.09.2014 23:46

​Arrivederci! Sardinian town pays jobless residents to leave
The mayor of the small Sardinian town of Elmas has promised to pay residents who agree to take intensive English lessons, board a cheap flight and leave to look for jobs elsewhere in Europe.

24.09.2014 16:30

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