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Finance

‘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

MasterCard, Zwipe team up for world’s first contactless credit card
Remembering a PIN code may become a thing of the past for credit card holders. MasterCard along with biometrics company Zwipe say that in 2015 they will offer the world’s first credit card which uses fingerprints to confirm payment.

20.10.2014 12:08

'U​ncertainty shock’: Hung parliament and EU referendum threaten UK economy
Investors are concerned about the future stability of Britain’s business environment, warning of a “huge uncertainty shock” if the UK leaves the European Union, or ends up with another coalition government after next year’s general election.

20.10.2014 09:02

UK finally sanctions Qatari terror funder – 10 months after US
The UK has added a Qatari financier to its sanctions list - 10 months after he was blacklisted as a ‘global terrorist’ by the US. The British government now faces scrutiny over its sanctions regime and calls to tighten up.

19.10.2014 16:00

Obama's credit card declined at New York restaurant
US President Barack Obama insisted that he really has been paying his bills, after his credit card was turned down at a posh New York restaurant. First Lady Michelle was forced to pick up the tab following the hiccup.

18.10.2014 18:52

Google ‘beats Goldman Sachs’ in political campaign donations
Google has ramped up its political contributions and spent more money on political campaigns this year than global investment bank, Goldman Sachs. The tech giant is looking to gain more political clout in Washington,it was revealed.

18.10.2014 09:39

'Massive blow': UKIP faces funding crisis as eurosceptic bloc collapses
One of the European Parliament’s most outspoken eurosceptic group has collapsed after a Latvian MEP withdrew her membership. The bloc’s dissolution represents a financial blow to Nigel Farage’s UK Independence Party.

16.10.2014 15:35

Dirty money: 19 UK firms alleged ‘complicit’ in $20bn laundering scam
Some 19 British firms are at the center of an investigation into in a mammoth global money-laundering operation. The scheme was allegedly contrived to make $20bn (£12.5bn) worth of ill-gotten gains appear legitimate.

16.10.2014 09:53

UK blocks multibillion-dollar Russian oil deal
The UK has blocked a $6.4 billion deal by Russian billionaire Mikhail Fridman to attain North Sea gas fields, as part of its ongoing sanctions package against Russian businessmen and investors believed to have close ties with President Vladimir Putin.

16.10.2014 08:17

Mind the gap: UK the only G7 state to see a rise in wealth inequality – report
Britain is the only G7 country where inequality has grown since the start of the 21st century, according to a report by Credit Suisse published on Tuesday. It showed the UK’s richest 10 percent have become wealthier since the financial crisis.

15.10.2014 11:26

‘Getting away from sanctions is the only way to stop EU economic downturn’
The EU economy wasn’t doing well but sanctions against Russia have worsened it even more, with Germany seeing a decrease in industrial output and exports by 5 percent, which is not a simple downturn but a collapse, economic analyst Michael Mross told RT.

15.10.2014 13:02

Obamacare likely to cost $300 billion more than thought – Congressional Budget Office
​The real cost of Obamacare will be hundreds of billions of dollars more than expected, Republican members of the Senate Budget Committee now say, and will greatly increase the federal deficit during the next decade.

14.10.2014 17:30

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