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Global economy

Wall Street banks ‘may desert UK for Ireland’ if Britain leaves EU
Wall Street banks could abandon Britain for the Republic of Ireland if the UK decides to leave the EU, senior figures in the industry have reportedly said. This is despite a Forbes report that names London the world’s ‘most influential city’.

19.08.2014 11:56

US income gap widest in decades, based on housing market data
The income gap among metropolitan regions in the United States has reached new heights based on home prices in 2013, according to a new report.

13.08.2014 16:41

Russia, Egypt looking to create a free trade zone - Putin
Egypt and the countries of the Customs Union are looking into creating a free trade zone, Russian President Vladimir Putin said after meeting with his Egyptian counterpart Abdel Fattah al-Sisi at the Black Sea city of Sochi.

12.08.2014 19:57

US jobs that returned after 2008 recession pay 23 percent less
Workers in the United States are earning an average of 23 percent less than earnings from jobs that were lost during the economic recession that began in 2008, according to a new report.

12.08.2014 17:06

FDA eases restrictions on experimental Ebola drug as CDC warns of 'inevitable' spread to US
While Ebola, the deadly disease spreading through parts of West Africa, has no cure, specific treatment or vaccine, there are several experimental drugs being tested in US labs. Now the FDA has lifted its hold on one of those drugs.

08.08.2014 18:32

£30,000 cheese order stranded as Russia import ban bites
As Russia’s sanctions on food imports begin to bite, a £30,000 cheese order only hours from export has been left stranded at its Shropshire depot.

08.08.2014 14:47

‘Russia is trying to protect itself from US economic warfare’
Russia’s introduction of agricultural import bans from sanctioning countries is a way for Moscow to protect itself from Western economic aggression, Caleb Maupin, a political analyst at the International Action Center, told RT.

07.08.2014 00:10

Unintended consequences: Sanctions on Russia hurt US dollar dominance
The US dollar, the dominant global currency since 1944, may lose some of its luster due to the American-led sanctions against Russia over the turmoil in Ukraine. The greenback has been fading in favor since the global financial crisis in 2008.

06.08.2014 15:06

London stock exchange takes a hit over Ukraine crisis
The index of Britain’s 100 most valuable shares slumped on Wednesday amid rising concerns over the Ukraine crisis and some gloomy economic data.

06.08.2014 15:09

UK energy crooks to be jailed for misconduct, govt. proposes
Energy producers could face jail time if they are caught price fixing, under a new government plan to protect consumers.

06.08.2014 15:06

Brazilian farmers demand Monsanto refund their money for GMO crops that don't work
Brazilian farmers are asking Monsanto and other producers of pest-resistant corn seeds to reimburse them for money spent on additional pesticides when the bugs killed the crops instead of dying themselves.

30.07.2014 19:02

Bankers could face jail time under new BoE rules
Bankers who cheat the system could face jail time and be forced to forfeit pay packets, under new rules unveiled by the Bank of England on Wednesday to stamp out financial mismanagement.

30.07.2014 10:26

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