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Global economy

Oil platform ablaze in Gulf of Mexico, 28 workers evacuated – Coast Guard
A fire broke out early Friday morning on a small oil platform in the Gulf of Mexico, forcing the evacuation of 28 workers. No injuries were reported, but a 1.4-mile oil slick was visible in the water.

22.05.2015 22:48

​BRICS to establish new multi-currency financial order – experts to RT
The new BRICS initiatives break the monopoly of existing western institutions over the financial order – a very important symbolic change, as it’s the first time a global financial institution is led by developing countries, said experts to RT.

22.05.2015 15:40

Kiev’s limitations on human rights in Donbass ‘not a carte blanche’
Ukraine’s derogation from certain human rights obligations in east Ukraine does not give it carte blanche; all restrictions must be proportionate or necessary, and monitored by international bodies, Rachel Denber of Human Rights Watch, told RT.

22.05.2015 09:58

​‘Astounding lack of oversight’: UK foreign aid decried by NGOs, cautioned by watchdog
The UK government has been criticized for the increasingly close relationships it has encouraged between businesses, aid delivery and development following an audit by a development watchdog.

21.05.2015 13:07

​Terror threat: Belfast most dangerous city in Europe – risk analysts
Belfast faces the highest risk of terrorism of all European cities, while London is “low risk” despite being an “attractive target,” a new study claims.

21.05.2015 08:23

‘Kiev blames Russia as Ukraine approaches default’
As Kiev passes legislation allowing it to halt debt repayments, Russia is getting the blame, Jacques Sapir, from the School for Advanced Studies in the Social Sciences told RT.

20.05.2015 14:12

Los Angeles to raise minimum wage to $15 by 2020
The Los Angeles City Council agreed to raise the city’s minimum wage by more than a dollar per hour each year until the amount reaches $15 an hour by 2020, city officials said on Tuesday. The measure would affect the finances of 800,000 people.

19.05.2015 23:02

Confirmed: Hackers attacked St. Louis Federal Reserve Bank
A cyberattack on the Federal Reserve Bank of St. Louis last month compromised the bank’s domain name and routed web traffic to rouge websites created by the hackers that simulated the original, the bank confirmed this week.

20.05.2015 02:01

6 Chinese nationals, including USC alumni, charged with economic espionage
The US Justice Department has charged six Chinese nationals, including three who studied at the University of Southern California, with stealing trade secrets from US companies and using them to start a new venture with help from the Chinese government.

20.05.2015 00:21

Show us the deal: Senators Warren, Manchin demand Obama disclose TPP
Two Senate Democrats have sponsored a bill demanding the White House reveal the terms of the Trans-Pacific Partnership (TPP) to the public at least two months before Congress could give President Obama fast-track authority.

19.05.2015 21:23

​Inequality Street: UK most unequal country in EU, worse than US
Britain has been labeled the “European capital of inequality” after a report found it is the most unequal country in the EU.

19.05.2015 08:31

​US and Ukraine sign $1bn loan guarantee
The US has signed a $1 billion loan guarantee deal with Ukraine, and is prepared to consider giving additional loan guarantees of up to $1 billion at the end of 2015 if Ukraine continues implementing economic reforms and cooperating with the Congress.

18.05.2015 15:44