As Ukraine’s economy spins towards default, investors and bankers worry the financial turmoil will spill over into global markets, a scenario “nobody wants to deal with,” Arnaud Leclercq, Head of New Markets at Lombard Odier Darier Hentsch & Cie, told RT.
Microsoft founder Bill Gates has regained top spot as the richest man in the US and the world. His net worth is estimated at $76 billion, $4 billion higher than Mexican telecom mogul Carlos Slim, who topped the Forbes rich list for the past 4 years.
Twenty-six of the most powerful American corporations – such as Boeing, General Electric, and Verizon – paid no federal income tax from 2008 to 2012, according to a new report detailing how Fortune 500 companies exploit tax breaks and loopholes.
The world loses a staggering one-quarter to one-third of all food produced for human consumption, according to the World Bank’s quarterly Food Price Watch report, with the developed world leading the wastage.
A meeting last year between top Apple brass and Tesla CEO Elon Musk has sparked speculation that the hugely successful electronics maker is interested in purchasing the forward-thinking electric car company.
Algeria, with Africa’s second biggest gas reserves, has asked Russia’s Gazprom and Lukoil to tender for the joint development and exploration of some of the 30 fields that make up a fifth of the country, says Gazprom International.