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Economy

Fitch downgrades Greece’s rating to 'CCC'
International ratings agency Fitch has downgraded Greece’s sovereign rating from B to CCC ahead of the agency's next scheduled review, amid worries that the country is defaulting on its sovereign debt.

28.03.2015 17:33

Germany needs 500,000 migrants a year until 2050 - study
With the baby boom generation preparing to retire, the scarcity of labor in Germany is likely to become chronic, with half a million immigrants needed annually for 35 years, a study claims, predicting a sharp drop in Germany's workforce.

28.03.2015 11:45

US voices concern over China’s banking technology restrictions
Washington is questioning Beijing's latest restrictions limiting the sale of foreign technology to Chinese banks, claiming the measures would hurt global trade, according to a filing with the World Trade Organization.

27.03.2015 12:07

​‘Mideast unrest causes oil spike, but it’s only temporary’
The risk of political instability in Saudi Arabia always goes along with a spike in the oil price as it has been the largest producer of crude oil in the world, Amir Handjani, lead director at RAK Petroleum, told RT.

27.03.2015 14:07

Greek bank deposits lowest in 10yrs as savers pull funds
Deposits in Greek banks have declined by around €7.6 billon in February as customers started pulling out their money with fears growing the country may possibly exit the eurozone.

27.03.2015 08:11

Greece gets extra $1.1bn funding from ECB, has to prove trust
The European Central Bank has increased the emergency funds available to Greek lenders by $1.1 billion, in an attempt to keep Greece in the eurozone. But, euroarea officials have told Greece they have zero trust in its ability to deliver effective policy.

26.03.2015 14:22

Shell plans to axe 250 North Sea jobs to stay ‘competitive’
Oil giant Royal Dutch Shell will cut at least 250 jobs this year and increase workers’ hours at its North Sea operations following a drastic drop in the price of oil.

26.03.2015 14:34

‘US competes with China, Russia to remain the big dog on the block’
The US doesn’t see Russia as a real threat, but political and economic rivalry is behind its narrative as Moscow and Beijing are forming alternate poles of global power and finance, says Dr. Conn Hallinan, a columnist at Foreign Policy In Focus.

26.03.2015 13:50

​Saudi Arabia eyes boosting oil supplies to China
Saudi Arabia’s state-owned oil company, Saudi Aramco, aims to increase supplies to China. It sees big opportunities in Beijing's efforts to restructure the country's economic growth model and believes supplies could double at some point.

25.03.2015 13:43

Fracking moratorium, strict liability standards bills pass in Maryland
Both chambers of the Maryland legislature passed bills that would rein in hydraulic fracturing in the state. The House of Delegates passed a three-year moratorium on fracking, while the Senate approved strict liability standards for oil and gas drillers.

25.03.2015 15:54

China-led infrastructure bank - ‘indication of de-dollarization that makes US unhappy’
The US was forced to change its mind over cooperating with the China-led development bank after its allies refused to join a boycott, which is a sign that dollar hegemony is not lasting, Lew Rockwell, chairman of the Ludwig von Mises Institute told RT.

25.03.2015 10:13

​Women in top UK boardrooms double in 4 years, but wider progress remains slow
The number of women in UK boardrooms has doubled since 2011 in Britain’s 100 largest companies, a new report shows. Despite reaching an all-time high, executive gender equality still has a long way to go.

25.03.2015 11:25