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Economy

‘US shale oil exploration led to low oil prices, market shakeup’
Falling oil prices embarrass and make life difficult for countries that depend on oil exports, including Russia and Venezuela, and the US would enjoy making life difficult for them, economist Richard Wolff told RT.

24.10.2014 07:19

Eagles of Empire and economic terrorism: Are vulture funds instruments of US policy?
Is it a coincidence that the vulture funds are putting increasing pressure on Argentina as it prepares to develop the world’s second largest shale gas reserves? Are the vultures instruments of foreign policy?

23.10.2014 15:38

Hindu Diwali holiday triggers 450% gold surge in India
India will be glistening with gold in the next few days, as millions celebrate Diwali, the festival of lights. The holiday has pushed up demand for gold. In September the country imported $3.75 billion worth of gold jewelry in preparation.

23.10.2014 11:27

​‘IS fighting US using American weapons’
The IS is using weapons the US and Sunni coalition countries “inadvertently” provided it with while supporting the Arab Spring. The militants, in particular, pried arms from Syrian rebels Max Abrahms, professor at Northeastern University told RT.

23.10.2014 10:57

Pork from EU disguised as mushrooms, bubble gum busted by Russia
Contraband pork has been smuggled into Russia from the EU under the guise of chewing gum, frozen juice and mushrooms, Russia’s food safety regulator has reported. Pork imports from Europe have been banned since an outbreak of swine fever in January.

23.10.2014 07:03

Europe’s panic button
European economic denial has reached the point where we are straddling the abyss, facing a code red moment of meltdown.

23.10.2014 07:44

Never mined: Italian worker plays hooky for 35 years, receives full pension
A jazz-loving Italian coal miner with an aversion to small spaces realized a simple solution to dodging the daily grind; call in sick until you can scoop up a full pension.

22.10.2014 10:08

Cashing out: ‘Electronic payments taking over, banks to abandon paper money soon’
More and more countries are using electronic payments instead of physical as they’re much cheaper, easily traceable and help to combat terrorism financing, money laundering, tax evasion and the black market, economist Konstantin Gurdgiev told RT.

22.10.2014 06:50

Hungary looks to levy big tax on internet use
Hungary is planning to start taxing internet use by the amount of data individuals downloaded as part of an effort to increase government revenues – and the controversial idea has already sparked outrage online and calls for protest.

22.10.2014 03:44

UK govt to blame for 1.4m children in ‘relative poverty' – charity
One of the UK’s leading charities says the government will fail to reduce child poverty by half in time for its 2020 target, and claims its policies risk creating a “permanently divided” society unless “radical" new approaches are taken.

20.10.2014 15:56

Ukraine and Russia agree on $385 gas price for winter
Moscow and Kiev have confirmed the price of Russian gas to Ukraine until the end of March at $385 per 1,000 cubic meters, according to both Ukrainian President Petro Poroshenko and Russian Foreign Minister Sergey Lavrov.

20.10.2014 13:15

‘Saudi policy of downplaying oil prices to backfire on them’
Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT.

20.10.2014 09:35

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