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Economy

Swiss, French call to bring home gold reserves as Dutch move 122 tons out of US
The financial crisis in Europe is prompting some nations to repatriate their gold reserves to national vaults. The Netherlands has moved $5 billion worth of gold from New York, and some are calling for similar action from France, Switzerland, and Germany.

28.11.2014 04:07

OPEC decision will keep oil prices low & hit Russia, Iran, US – experts
Russian officials and experts warned that oil prices will remain below $80 per barrel for some time, after OPEC’s decision not to cut output. It will hurt the economies of Russia, Iran, and Venezuela – and deal a blow to shale oil production in the US.

28.11.2014 00:50

Italian ex-FM: Sanctions affecting EU much more than expected, not impacting US at all
Italian politician Franco Frattini has hit out at sanctions implemented against Russia, saying they are counterproductive. He also says Russian loans to Ukraine are much bigger than the amount of money the EU is prepared to offer Kiev.

27.11.2014 19:13

#Euromaidan 1st birthday: Nothing happens, twice
"Ever Tried. Ever failed. No matter. Try again. Fail Again. Fail Better" - Samuel Beckett, Worstward Ho. No writer ever quantified failure as well as Samuel Beckett.

27.11.2014 16:46

UK Home Secretary ‘wrong’ to blame EU migrants for immigration surge
Home Secretary Theresa May is at the center of a fresh immigration row as academics dispel her claims that an influx of EU migrants is responsible for the government’s failure to hit its net migration reduction targets.

27.11.2014 12:02

Blood money: 7 UK firms finance globally banned cluster bombs
Since 2011, 151 financial institutions worldwide have invested £17 billion in firms that produce deadly cluster bombs, which are banned under international law. Seven of these financial institutions are British.

27.11.2014 13:40

Pensioners storm banks, sue president as economic blockade enforced on E.Ukraine
Kiev is enforcing an economic blockade on eastern Ukraine, where banks are closed and cash machines and credit cards aren’t working. Disrupted social payments to the elderly have become the most acute issue.

27.11.2014 05:46

‘No Justice, No Profit’: Hollywood stars join #BlackoutBlackFriday online campaign
The ‘No Justice, No Profit’ campaign – led by a movement of celebrities and activists – is calling for a nationwide boycott of retail outlets to protest the recent grand jury decision not to indict a white officer for killing an unarmed black teenager.

27.11.2014 02:58

Oil industry battle: ‘New fracking technologies VS traditional extraction methods’
OPEC is not a monolithic organization and it fails to agree on common policy, so it’s unlikely that the upcoming Vienna meeting will become a deciding factor on oil prices, Adrian Salbuchi, International consultant, told RT.

26.11.2014 08:11

‘Morally indefensible’: UK govt accused of 'cozy’ links with tax avoiding tech giants
The British government has been accused of being too close to international tech giants such as Google and Facebook, and has allowed them to avoid millions in corporation tax.

26.11.2014 14:35

US pressing Chinese and Arab banks to sanction Russia – head of VTB bank
The US is putting pressure on Chinese and Arab banks, forbidding them to work with Russian sanctioned companies, says Andrey Kostin, head of Russia's second biggest lender VTB.

26.11.2014 12:56

Reform of Britain’s ‘toxic’ retail banking sector will take a generation – think tank
Radical reform of a crippled and “toxic culture” in high street banking will take a generation to accomplish, a financial services think tank warns.

26.11.2014 12:54