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Economy

‘Short-changed’: Families struggle to afford food, clothing after child benefits slashed – report
Families across the UK are being forced to cut spending on essential items such as food, clothing and heating as a result of government cuts to child benefits, a new report has found.

22.05.2015 14:29

BRICS bank to complement Washington-based development institutions – Presidential aide
The BRICS New Development Bank is not an alternative to the IMF and the World Bank but rather a complement, said Presidential aide Sergey Glazyev. It will address the challenges that Western institutions currently ignore.

22.05.2015 13:40

BRICS trample US in South America
It started in April with a rash of deals between Argentina and Russia during President Cristina Kirchner’s visit to Moscow.

22.05.2015 13:36

‘Extension of anti-Russian sanctions would hit Greece quite hard’
As the Greek economy is in crisis and the country is trying to attract money from any source to survive, prolongation of the sanctions against Russia would only worsen the situation, former Greek diplomat Leonidas Chrysanthopoulos told RT.

22.05.2015 10:56

Greece claims deal with Troika in 10 days
Greece says a deal with creditors will be reached in the next 10 days, and aims to meet all payments in time while the eurozone says “a lot is still left to do.” A Troika deal will unlock the much-awaited €7.2 billion bailout for cash-strapped Athens.

22.05.2015 07:34

‘No promises’ on EU membership for Eastern states at Riga summit
The EU is not ready to welcome its eastern non-member partners, including Ukraine, according to a leaked draft resolution ahead of the Eastern Partnership Summit. German Chancellor Angela Merkel warned EU leaders not to make false promises.

22.05.2015 04:10

US & Israel inequality champions of developed world – OECD
Inequality in the developed world is the sharpest in 30 years, a recent OECD research reveals. Yet even in this context, two countries stand out in the disparity between rich and poor: the USA and Israel.

21.05.2015 19:41

​‘Astounding lack of oversight’: UK foreign aid decried by NGOs, cautioned by watchdog
The UK government has been criticized for the increasingly close relationships it has encouraged between businesses, aid delivery and development following an audit by a development watchdog.

21.05.2015 13:07

‘Fight for 15’ protesters hand over 1mn-signature petition at McDonald’s HQ
Some 1,000 anti-low pay protesters have delivered a petition with over 1 million signatures to McDonald’s headquarters in Oak Brook, Illinois. Ten workers from the crowd were permitted into the fast food giant’s compound to hand it over.

21.05.2015 14:10

​Japan to inject $110bn in Asian infrastructure projects
Japan is going to provide $110 billion for infrastructure projects in Asia. The move is seen as an attempt to keep up with China that boosted its dominance in the region by establishing the Asian Infrastructure and Investment Bank.

21.05.2015 12:59

Viva la revolución: Cuban social justice will survive American reconciliation
Cuba's detractors have long been guilty of dismissing the achievements of the Cuban Revolution, while some of its supporters have lapsed into romanticizing the hardship its people have endured as a consequence of its isolation.

20.05.2015 13:48

Putin says Ukraine’s statement on default unprofessional
Ukraine's statement regarding a possible default is a consequence of Kiev’s low level of professionalism, said Russian President Vladimir Putin, ordering the Finance Ministry to sort out the issue of Ukraine’s debt to Russia.

20.05.2015 18:04