China is going to provide Ukraine with $15 billion in loans over 15 years to support construction of affordable housing, said Ukraine’s Ministry of Regional Development. The interest rate will be minimal and the loan could be extended.
Both chambers of the Maryland legislature passed bills that would rein in hydraulic fracturing in the state. The House of Delegates passed a three-year moratorium on fracking, while the Senate approved strict liability standards for oil and gas drillers.
An incubator project for hi-tech development could be created in Crimea to turn it into a ‘Silicon Valley’ making it an attractive region for business, said Russian Federation Council Speaker Valentina Matvienko.
A dot-com bust could soon take place all over again, as a number of tech companies in the West are valued higher than their earnings will ever justify, says a billionaire investor who got rich in the industry.
Once a swamp, Singapore has grown, despite lacking the natural resources of neighbors, to become one of the world’s richest states with a simply staggering economic growth, all thanks to the leadership of one great statesman.
French oil and gas producer Total is looking for $15 billion in investment from China to pay for expansion in Russia, the company’s CEO Patrick Pouyanne said. This could be the largest private corporate deal involving Chinese banks.
The Russian economy has seen a notable rebound with businesses recovering despite a year of contraction caused by Western sanctions. Fluctuations in the domestic currency have narrowed, which brought investors back into the market.
Instead of investing money into the real economy and helping those suffering in Southern Europe, the ECB is pouring money into financial markets to be used for further speculation, Ernst Wolff, economic journalist and author, told RT.
‘Blockupy’ protest in Frankfurt is because people are angry at the economic chaos caused by the ECB and other bureaucrats who are set to foist the euro autocracy on them and it doesn’t work, Patrick Young, global financial markets expert, told RT.