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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.