The banking system is completely dysfunctional, and it is going to lose legitimacy as we are nowhere near the solution of the too-big-to-fail problem, Robert Pringle, chairman and founder of the Central Banking Journal, told RT.
Gazprom will switch to a pre-payment system in one month if Ukraine doesn’t start paying for natural gas imports from Russia, President Vladimir Putin has warned during Thursday's 12th annual question and answer session.
One of Britain’s largest food charities says that more than 900,000 people visited its food banks last year. The Wednesday report comes as 600 religious leaders urge the government to take action against the country's growing hunger problem.
The users of food banks in the UK are people are being forced to do so as a result of benefit sanctions and delays, family breakdown or debt, and for many it’s the absolute last resort, Alison Inglis-Jones, from the Trussell Trust, told RT.
After the frantic GDP growth of the past decade in the BRICS (Brazil, Russia, India, China and South Africa) countries, experts are trying to assess how far the benefits of this growth have trickled down to their citizens.
The economy of Crimea could expand by 6-7 percent annually through 2017, says Russia’s business advocate Boris Titov. Most of the growth is expected to come from tourism, agriculture and manufacturing.
Havana has prioritized foreign investment and private enterprise, slashed state-sector jobs, while seeking closer cooperation with the European Union. Will Cuba’s latest market-based reforms undermine the social gains of the 1959 Revolution?
By 2018 China will be Russian energy’s biggest customer, along with huge trade volume between the two states. So it makes sense for Russia to take advantage of the China’s Union Pay system, Chinese expert, Andrew Leung, told RT.