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.
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.
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.
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.
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.
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.
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.