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.
The Swiss regulator has become the first to confirm it had uncovered illegal currency rate rigging. The WEKO watchdog put eight banks under scrutiny over rigging of the benchmark Forex market rates, where an estimated $5.3 trillion changes hands daily.
Chinese President Xi Jinping is wrapping up his official European tour. His hosts have pampered the head of state and his 200-strong business entourage as the two economic blocs work towards a multi-billion dollar free trade agreement.
Bank Rossiya which was blocked last week by Visa and MasterCard says it will limit its operations to the domestic market and stick to the ruble. The bank wants to protect its clients against any possible "unfair action" by foreign financial institutions.