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Global economy

​Oil can recover to $200 if supply dries up – OPEC head
World oil prices have reached the bottom and will soon bounce back, said OPEC Secretary General Abdullah el-Badri, adding that they can go as high as $200 a barrel if lower investment erodes supply.

26.01.2015 15:04

‘India wants fruitful relations with both US, BRICS’
India knows what to get and from whom, Dr. Sreeram Chaulia of the Jindal School of International Affairs told RT. It wants to hedge its bets and build close relations with BRICS, while trying to attract investment from the US and Europe, he said.

26.01.2015 12:22

‘€12bn black hole in Greece: Where Syriza will get money from?’
The mew Greek Syriza government has failed to explain where it will get the money from to end the austerity policy, as it is impossible to wave a magic wand overnight and fix the problems easily, economist Nick Skrekas told RT.

26.01.2015 09:05

​Plunging prices force oil majors to cut billions in spending
The world’s leading oil companies are reported to be planning a $28 billion cut in capital spending by 2017 to keep debt at a sustainable level at a time when oil prices continue to fall.

26.01.2015 08:04

Uber: A small step towards world bankruptcy
Taxi alternative Uber generates enormous controversy. Politicians ought to be looking to the future, not safeguarding an increasingly irrelevant status quo. Indeed their very future power depends on it.

23.01.2015 13:38

​'Sanctions always hurt wrong person,' open dialogue needed - Davos Forum
Sanctions are an ineffective instrument that hurt economies and ordinary people. What the West and Russia really need is to maintain cooperation and be open for a new way of dialogue, experts told RT at the forum in Davos.

24.01.2015 08:14

'Bad Saudi Arabian human rights record may change if Iran increases influence'
With instability following the death of King Abdullah, Iran may take a lead in the relationship with Saudi Arabia which could put pressure on Riyadh to improve the internal situation in the Gulf state, Gerald Horne, author and historian, told RT.

23.01.2015 10:42

Saudi Arabia foreign policy: ‘Enacted not by Abdullah, but by oligarch consensus’
Wahhabi extremism is a direct outcome of the foreign policy that the oligarch consensus in Saudi Arabia has pursued for decades, thus there won’t be any substantive policy changes, geopolitical analyst Eric Draitser, told RT.

23.01.2015 09:38

​‘Easy money’ to worsen inequality in Europe – George Soros
The decision by the European Central Bank to begin €1.14 trillion quantitative easing (QE) program will eventually reinforce inequality within Europe and have serious political consequences, billionaire George Soros told RT in Davos.

23.01.2015 08:38

Thousands rally for Greek anti-austerity party promising end to ‘humiliation’
Tens of thousands gathered in Athens in support of Syriza, a leftist party demanding an end to austerity cuts and a debt write-off from the EU. Recent polls indicate it’s the most likely winner in Sunday’s upcoming elections.

23.01.2015 06:46

‘Davos geniuses ill-equipped to recognize economic structural problems, address inequality’
It’s doubtful the Davos forum will address unemployment as the participants are more concerned with what model of car they should buy than care about people who work for living, says Curtis Ellis Executive Director of the American Jobs Alliance.

22.01.2015 08:59

Democrats to fight Obama on secret trade deal authorization
President Barack Obama may be looking for the new Republican-controlled Congress to grant him authority to fast-track negotiations over a pair of international trade deals, but critical Democrats are fighting back against the measure.

22.01.2015 01:59