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What the BRICS plus Germany are really up to?
Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well.

27.02.2015 13:43

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

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

Russia’s downgrade by Moody’s ‘exorbitantly negative, politically motivated’ – finance minister
The latest Moody's downgrade of Russia's sovereign debt rating is based purely on “factors of a political character,” Russia's Finance Minister said, claiming the agency’s exorbitantly negative forecasts are “unrealistic” and without parallel.

21.02.2015 01:50

Greek standoff with Germany could derail European economy – UK Chancellor
Athens’ standoff with EU creditors over the terms of Greece’s bailout risks turning into “a full-blown crisis” that could derail Europe’s economy, Chancellor George Osborne warns.

20.02.2015 14:55

Record ruble rally on back of higher oil & Ukraine stabilization
The Russian ruble has been the best performing emerging markets currency in February, adding 12 percent since the beginning of the month. Higher oil prices coupled with a Ukraine ceasefire agreement and stabilization in Debaltsevo has inspired investors.

20.02.2015 07:41

Coca-Cola sounds warning over Russia
Coca-Cola Hellenic (HBC), the second biggest bottler of Coca-Cola products, has announced an 11.4 percent drop in fourth quarter profit, warning of further severe market decline in its biggest market Russia.

19.02.2015 10:57

Grexit: Win for both EU and Greece?
If, in the next 48 hours, Athens and Brussels fail to strike a bailout deal, Greece could be forced to leave the eurozone, and that might not be so bad after all.

18.02.2015 13:17

‘What part of no don’t you understand?’ TTIP critics target EU trade commissioner
EU Trade Commissioner Cecilia Malmstrom’s visit to London to promote the EU-US Transatlantic Trade and Investment Partnership (TTIP) has been met with protest, as MPs say more transparency is needed to address public concern.

16.02.2015 15:37

‘Greek ‘revolution’ woke up Europeans, spreads like wildfire’
Public support for Greece across Europe is predictable as other countries are suffering just as much, says Leonidas Chrysanthopoulos, a former Greek ambassador. It’s a message to EU leaders who have been distant from people they are supposed to serve.

16.02.2015 04:18

​Britain could save over £1bn if it left the EU – report
Britain could save over £1 billion by leaving the European Union, according to a report from the think tank Civitas.

13.02.2015 16:40

​Central banks’ gold purchases close to 50yr high – research
Central banks across the world have purchased a record 477.2 tons of gold in 2014 as an attempt to reduce the influence of the US dollar amid global financial instability, according to World Gold Council.

12.02.2015 13:21