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Finance

​US freezes $640mn in sanctioned Russian bank assets
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.

06.03.2015 07:37

​Islamic charities lose millions as ‘risk-averse’ banks block donations – think tank
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.

05.03.2015 14:14

Europe to start €1.14trn ‘easy money’ program on March 9 - ECB President
The European Central Bank will kick off its monthly €60 billion purchases of government bonds and private sector assets next Monday, said the head of the ECB Mario Draghi.

05.03.2015 12:26

​Business as usual? HSBC must clean up its own affairs, says Chancellor Osborne
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.

04.03.2015 15:30

US criticism of Chinese anti-terror law: is it justified?
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.

04.03.2015 12:03

Ukraine’s fourth largest lender Delta Bank insolvent – national bank
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.

03.03.2015 10:49

​Venezuela heads list of 15 most miserable economies - research
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.

03.03.2015 13:44

Ukraine agrees tough austerity package to gain $17.5bn IMF bailout
​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.

03.03.2015 10:27

Turning the tide? World’s first lagoon power stations reach British shores
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.

02.03.2015 15:44

Record 290 newcomers join Forbes Billionaires list, total wealth of $7trn
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.

02.03.2015 14:25

Conflict of interests? BBC Trust chief earns £10K per day from HSBC
The chairwoman of the BBC Trust is facing calls to sever ties with HSBC after it was revealed that she earns £10,000 a day from the scandal-ridden global banking giant.

02.03.2015 10:01

NATO rolls out 'Russian threat' in budget battle
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.

02.03.2015 06:23