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Crisis

Putin announces 10% salary cuts in his administration
The Russian president has ordered salary cuts of 10 percent for all members of his administration, Vladimir Putin’s press secretary, Dmitry Peskov, who is also deputy head of the administration, has told reporters.

27.02.2015 12:37

​US won’t overtake Saudi Arabia as biggest oil exporter – head of IEA
Despite being the biggest crude oil producer, the United States won’t be able to export more than the current world leader Saudi Arabia, says the new head of the International Energy Agency (IEA) Fatih Birol.

27.02.2015 07:47

Donbass blames Kiev ‘economic blockade’ for multi-currency introduction
The people’s republics of Donetsk and Lugansk will introduce a multi-currency financial system using the US dollar, euro and yuan. This is to shield against the free fall of the domestic currency, the hryvnia, and the “economic blockade” by Kiev.

26.02.2015 12:22

Corruption: Chronic UK disease infecting establishment, dragging country backwards
Just as the British government announces the deployment of troops to Ukraine as ‘advisors’, it is rapidly becoming apparent that the average Member of Parliament in the UK is as crooked as Uri Geller’s cutlery.

25.02.2015 15:35

Gazprom seeks Kiev clarification over Donbass gas supplies
Gazprom wants Ukraine’s Naftogaz to confirm it is refusing to prepay for gas, as long as Russia supplies fuel to Donbass. If Kiev doesn’t pay, Russia may stop supplying Ukraine by Saturday.

26.02.2015 07:17

​Kiev introduces rationing, as falling hryvnia causes shopping binge
Ukrainian supermarkets have imposed rationing of basic products after the drastic fall in the value of the hryvnia. The currency has lost 70 percent of its value causing people to stockpile food and buy electronics as a hedge.

25.02.2015 10:58

‘Stark choice’: Britain will import 50% of food by 2040, farmers union warns
The UK will be importing more than half of its food supplies within a decade due to a growing population and stagnating farm productivity, farming leaders have warned.

24.02.2015 15:24

​OPEC will hold extraordinary meeting if oil plunge continues – cartel president
The OPEC member states are discussing the possibility of an emergency meeting should oil prices continue to fall, said Nigerian Oil Minister, and OPEC President Diezani Alison-Madueke. Prices have dropped by than half since their peak last summer.

24.02.2015 11:44

Forget all our other troubles – the Russians are coming!
The gap between the rich and the poor continues to grow. Train and bus fares continue to rise. Twice as many people are living in poverty than 30 years ago. And our National Health Service is being privatized before our very eyes.

24.02.2015 12:41

Russian MPs support cut in own salaries as anti-crisis measure
Deputies of all parliamentary caucuses have backed a proposal by State Duma Speaker Sergey Naryshkin to cut their recently increased salaries as part of the Russian government’s budget optimization.

24.02.2015 10:15

Greece - purgatory postponed
In an era of wanton government economic illiteracy, the latest case of ‘Kickcanistan’ mentality from Europe’s government caste has led to a political fudge ignoring economic reality allowing victory bleats by politicians with policies doomed to failure.

24.02.2015 10:25

​Death of mentally ill detainees ‘avoidable’ – human rights experts
Over 600 deaths in psychiatric wards, prisons and police cells were preventable and were caused by repeated mistakes made by mental health care staff, an inquiry has found.

23.02.2015 09:54