Annual bonuses for bankers working in London’s financial sector are expected to rise by an average of 21 percent, according to a recent survey. Salaries were also found to be increasing, with the average finance salary at just under £100,000.
Car dealers in the Russian capital ran out of stock, as customers were buying Porsches, Lamborghinis and BMWs in unusually large numbers, despite growing price tags. The influx was prompted both by holiday spirits and ruble devaluation, experts say.
Several dozen historical Italian castles are up for sale, their owners unable to pay maintenance costs and high taxes. But Russian buyers are stepping in, searching for properties in "strategic locations."
President Putin has not disclosed his future strategic plans during the annual Q&A since to surprise international markets one should always have an ace up the sleeve, French economist Jacque Sapir told RT.
Improving relations with Havana, the US is indirectly attempting to move Cuba away from its traditional alliance with Russia, believes international consultant Adrian Salbuchi. The Castro brothers will certainly take advantage of the thaw, he told RT.
For the sake of the Russian economy, the Central Bank cannot continue its waiting game strategy for too long hoping that speculators give up before it does, says Mike Ingram, a market strategist at BGC Brokers in London.
UK Energy and Climate Change Secretary Ed Davey says firms should be forced to publically disclose their investments in the fossil fuel sector, highlighting the relationship between climate risk and a predicted decline in the value of such holdings.
The Athens Stock Exchange index has fallen 11.2 percent - the biggest intraday plunge since December 1987. The government announced a snap presidential election, two months ahead of time, making investors nervous over the status of EU bailout money.
Oil plunged to a new five-year low with Brent futures for January falling below $66 per barrel on the London International Petroleum Exchange. The latest rout is due to banks and energy groups lowering price forecasts due to the continued supply glut.