Barclays, RBS, HSBC and Lloyds may be forced to break up following a finance watchdog’s inquiry. The watchdog claims Britain's banking sector is characterized by anti-competitiveness and a failure to meet ordinary citizens and small business' needs.
The West is now starting to move to its final decay, with the Russia-China alliance becoming stronger, offering Latin America and other regions a multipolar model of the world, author and international consultant Adrian Salbuchi told RT.
Foreign buyers of US residential real estate surged 35 percent last year, with Chinese buyers, searching for moderately priced, safe investments in a sea of economic and political uncertainty, outspending the rest of the world.
A Chinese idea of creating two New Silk Roads could be a big boom for a lot of people who live along the Silk Road route, and obviously all the countries at both ends of it, China expert Ann Lee told RT.
The EU became the world's biggest exporter of agricultural foodstuffs in 2013. Goods worth $163 billion left the EU, beating the US figure of $156 billion. Sales were driven by record exports to China and other emerging markets.
Russia and the EU would both suffer if sanctions escalate, energy markets the most, according to a World Bank report. The loss of the European market would cut Russian government revenue by 10 percent of GDP, and European gas prices would jump 50 percent.
Russia doesn’t see any obstacles to Ukraine signing the economic part of the EU association agreement, said Russian FM Sergey Lavrov. He added that Moscow will not impose any sanctions and will return the trade regime with Kiev to ‘most-favored’ status.