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Global economy

BRICS: A new way of global partnership
BRICS is a product of the dynamic development of globalization and new centers of economic growth and political influence, aligning the interests of Brazil, Russia, India, China and South Africa.

04.07.2015 08:48

Tsipras asks for 30% debt haircut, 20yr grace period
The only way to make Greek debt sustainable is to cut it by 30 percent and introduce a 20-year grace period, said PM Tsipras, as the landmark referendum on July 5 nears.

03.07.2015 13:17

35% of Americans would consider leaving the US – study
A study polling American and emigrant adults found that 35 percent would consider leaving the US, according to TransferWise, an international money transfer company. The most popular reason for wanting to leave was to seek a better quality of life.

02.07.2015 03:20

​Greek debt crisis a threat to UK financial system – Bank of England
The Bank of England (BoE) has warned the Greek debt crisis is a threat to UK financial stability and could trigger wider problems on financial markets.

01.07.2015 12:08

From riches to ruins: Ancient Greeks 'stored millions in cash' in Parthenon attic
While Greece has become the first developed nation to default on its international obligations, archaeologists believe they have discovered the place where ancient Greeks may have once kept millions in silver and gold.

01.07.2015 10:35

Australian politicians slam TPP for ‘excessive secrecy’
Australian lawmakers have slammed the country’s deal-making process as one lacking transparency and oversight. They’ve particularly criticized the currently negotiated Trans-Pacific Partnership for its “excessive secrecy.”

30.06.2015 15:21

'€3 each to save Greece': Crowdfunding campaign raises almost €1mn in 3 days
A British shoe shop worker launched a crowdfunding campaign to help Greece pay back its $1.8 billion IMF loan. The host website's servers crashed from the traffic as donations from across Europe approached the €1 million mark.

30.06.2015 15:14

​‘Stop profiting from war,’ Christian protesters tell Church of England
A coalition of Christian campaigners held a vigil outside the Church of England’s (CoE) administrative headquarters on Tuesday morning, calling on the Church to divest from the global arms trade and stop facilitating weapons dealers.

30.06.2015 16:02

​Russia becomes AIIB’s third largest shareholder after China and India
Russia has become the third largest player in the China-led Asian infrastructure and Investment Bank (AIIB), having received a 5.92 percent voting share, while China and India gained 20.06 percent and 7.5 percent respectively.

29.06.2015 19:07

‘Britain would be better off with euro,’ says Virgin boss Branson
Britain’s economy would be stronger now had the UK joined the euro, billionaire Virgin Group founder Sir Richard Branson says.

29.06.2015 13:40

Brussels: A bloody-minded ‘blob’ of costly dysfunction
Given how government leaders seem to spend much of their lives in Brussels, isn’t it about time they concentrated on running their own countries?

28.06.2015 11:56

​'Referendum a weapon for Greece in Eurozone debt talks'
The Greek people now have the right to decide whether or not they want to accept more austerity measures in return for loans that have thus far failed to help the Greek economy, experts on the crisis told RT.

28.06.2015 11:36