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Global economy

‘OPEC decision will undermine global oil industry’
OPEC`s decision not to reduce oil production will affect major oil producers and may undermine the global oil industry, planting the seeds for a major oil crisis in 2015 or 2016, international oil economist, Dr. Mamdouh Salameh told RT.

28.11.2014 12:28

#BlackFriday: Brits react to manic sales shopping
It isn’t even December yet, but for thousands of Brits it’s time to shop till you drop, as annual ‘Black Friday’ sales take place across the globe.

28.11.2014 11:01

Blood money: 7 UK firms finance globally banned cluster bombs
Since 2011, 151 financial institutions worldwide have invested £17 billion in firms that produce deadly cluster bombs, which are banned under international law. Seven of these financial institutions are British.

27.11.2014 13:40

Cut or no cut? No OPEC consensus as oil hits 4yr low
Cracks are surfacing within the world’s largest oil cartel as the 12-nation group considers supporting the oil price of letting it fall even further.

27.11.2014 11:28

Oil industry battle: ‘New fracking technologies VS traditional extraction methods’
OPEC is not a monolithic organization and it fails to agree on common policy, so it’s unlikely that the upcoming Vienna meeting will become a deciding factor on oil prices, Adrian Salbuchi, International consultant, told RT.

26.11.2014 08:11

Reform of Britain’s ‘toxic’ retail banking sector will take a generation – think tank
Radical reform of a crippled and “toxic culture” in high street banking will take a generation to accomplish, a financial services think tank warns.

26.11.2014 12:54

​OPEC may decide to give Iraq, Iran, and Libya immunity from oil supply cut
Should OPEC decide to cut production this week in an effort to boost oil prices, media reports suggest that Iraq, Iran, and Libya could be given an exemption from making supply reductions.

25.11.2014 14:03

Duma chief praises Eurasian bloc as unique tool of global cooperation
The Eurasian Economic Union is a major new geopolitical organization contributing to the further integration of Western Europe and the dynamic economies of the Asia-Pacific region, according to a top Russian parliamentarian.

24.11.2014 07:44

Average UK family just ‘2 weeks away from breadline’ - report
The average UK household is just days away from an emergency situation in the event of sudden financial hardship, according to a new report to be released this week. Meanwhile, one food bank has reported a surge in new participants.

23.11.2014 07:30

‘Privatised and exploited’: MPs debate bill to protect health service from TTIP
MPs on Friday debated Labour MP Clive Efford’s Bill to protect the National Health Service (NHS) from what critics claim is a path of permanent privatisation. Labour won the vote, with a majority of MPs backing the proposed legislation.

21.11.2014 14:04

Obesity price tag: $2trn annually and ‘rapidly getting worse’
Around 30 percent of the world’s population is now obese, while 50 percent is expected to fall into the category by 2030. Meanwhile, 5 percent of global deaths each year are linked to the condition, creating a drag on the global economy.

21.11.2014 10:56

‘Middle class would go to jail for what big corporations are allowed to do’
US corporations have enough profit to grease the wheels of Washington DC to have legislation that benefits them, and their workers which are becoming fewer and fewer, are shouldering the tax burden, independent journalist Charlie McGrath told RT.

21.11.2014 11:15