On Election Day, Tennesseans will vote on whether or not to amend the state constitution to permanently ban income and payroll taxes in the Volunteer State. But even if the resolution fails, it is unlikely the legislature will institute new taxes.
Russia’s economic development minister Aleksey Ulyukaev has claimed that sanctions against Moscow will not be extended, but insisted that Moscow has no plans to cancel its own counter-sanctions until the West drops theirs.
Corporations around the world have billions of dollars in their bank accounts and they don’t spend it because the economy is not growing, but the economy is not growing because they are not spending the money, stock market analyst David Kuo told RT.
Even though China is stronger in terms of purchasing power parity (PPP), the US remains the largest economy in absolute terms and is likely to keep this position for at least six more years, Max Fraad Wolff, New York based economist, told RT.
A senior London banker has become the first person to be prosecuted for fixing the London interbank offered rate (Libor), a scandal that resulted in billions worth of losses for savers as banks fraudulently boosted their profits.
Ukrainian Prime Minister Yatsenyuk’s statement that $1.67 billion was transferred as part of the country's gas debt payment actually refers to the repayment of Eurobonds which Ukraine’s Naftogaz received under state guarantees, Russia’s Gazprom says.
Indian Prime Minister Narendra Modi will meet US President Barack Obama at the White House on Monday, a far cry from when Modi, head of India’s Gujarat state during a 2002 massacre, had his visa denied before a visit to the US in 2005.
A group of UK manufacturing companies have called upon the British political establishment to commit to ensuring Britain remains a member of the EU. A failure to do so could hinder UK investment and wealth creation, pro EU advocates claim.
It’s impossible to isolate Russia from the rest of the world, Prime Minister Dmitry Medvedev, said at a plenary session at the Sochi International Investment Forum, adding that sanctions against Moscow won’t see the West achieving the desired results.