The US has frozen accounts of Russian banks SMP, Rossiya and its subsidiary Sobinbank worth in total $640 million, as part of America’s escalating sanctions war against Russia over its policy in Ukraine.
Millions of pounds worth of donations to British charities have been blocked or returned by global banks, amid terror financing concerns. Humanitarian operations in Syria, Iraq and Gaza are in jeopardy as a result, a think tank warns.
Following a long, drawn-out silence on the government’s failure to adequately address the HSBC tax scandal, George Osborne has finally spoken. Washing his hands of any responsibility, the Chancellor says it is up to HSBC to puts its house in order.
Despite the NSA’s wide involvement in mass data collection, the US government is unhappy about Beijing’s efforts to protect China’s information security with a new counter-terrorism law, Matthew Green of Johns Hopkins University, told RT.
The fourth biggest bank in Ukraine, Delta Bank, has gone bankrupt after months of non-compliance, according to the National Bank of Ukraine. Two smaller banks in the Delta Banking group have also gone belly-up.
When it comes to miserable places to live and work, Venezuela takes the cake, with Ukraine and Greece not far behind. Along with Argentina and South Africa, they make up the five most “painful” economies according to a Bloomberg survey.
The Ukrainian parliament has approved amendments the 2015 budget that sees drastic pension cuts and energy bills tripling. The changes are needed to comply with the terms of the agreed $17.5 billion IMF bailout package.
Plans to generate electricity from the world’s first batch of tidal lagoon power plants have surfaced in Britain. The power stations could yield 8 percent of the UK’s electricity requirements, experts suggest.
With the global economy stuck in recession and falling oil prices eating into growth, there has been a record 290 newcomers added to the ranks of the world’s billionaires, mostly from China. Their total wealth is an unprecedented $7 trillion.
NATO member-states unwilling or unable to help boost the military spending are being accused of ignoring the “Russian threat,” that has re-emerged as the core of the alliance’s agenda to boost arms sales.