Bitcoin is shaping up to be the currency of the future, enabling people to send and receive money anywhere in the world free of charge in a currency that govts are unable to control, Roger Ver, bitcoin investor and the CEO of Memory Dealers told to RT.
International payment systems such as Visa and Mastercard should start sharing their income with Russia to shield the country against future possible disruption, said Natalya Burykina, head of the financial markets committee of the State Duma.
The entrance ticket to the new “Pinnacle Club” at Merrill Lynch is now $8 million, as the sum top brokers need to produce in commissions and fees has doubled. The joys of membership include $10,000 in cash and additional benefits, Reuters reports.
A shocking reminder of the Great Recession of 2008 is evident by the over-67 percent increase in the number of Californian Baby Boomers who have been forced to move back in with their aged parents out of economic necessity.
The Ukrainian crisis is likely to push Russia to develop a crucial relationship with China, and it’s also probable that the US will cozy up more with China to balance against Russia, both of which benefit China, Chinese expert Andrew Leung told RT.
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.
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.
Moody's Investors Service has downgraded Ukraine's government bond rating one notch from Caa2 to Caa3, citing the current political crisis and deepening economic instability as reasons for its negative outlook.
The head of VTB Bank has urged Russia to start transitioning to ruble payments with all its trading partners, including China and Western Europe, adding that export companies should lead the way in adopting the change.