The votes are in and being tallied. Will Scotland become the new Scandinavia or a failed state if it achieves independence? Here is a look at what happens to Scotland’s economy if it votes 'Yes' to become an independent country.
The main stockholder in the Russian conglomerate AFK Sistema and the country’s 15th richest man according to Forbes, Vladimir Yevtushenkov, has been placed under house arrest on charges of money laundering.
The Russian ruble fell to a new record low against the US dollar, passing the 38 units to the dollar benchmark, after the EU and US rolled out new sanctions paired with dropping oil prices. Investors are uneasy on what Russia’s response will be.
Western sanctions against Russia, coupled with ongoing political instability in Libya and the advance of ISIS militants in Iraq, could leave the global oil supply exposed and push up oil prices to $150 per barrel, former BP chief Tony Hayward has warned.
Imports of Western cars and clothes into Russia could be restricted as part of a second round of “retaliatory” measures prepared in response to the sanctions against Moscow, says presidential aide Andrey Belousov.
Arms producer Kalashnikov and oil giant Rosneft are among Russian companies hit by a new round of EU sanctions, which have come into effect Friday morning upon being published in the EU Official Journal.
The EU and the US are going to ban energy giants like Exxon Mobil, BP and Shell from searching for crude oil in Russia's Arctic, deep seas and shale formations, three American officials anonymously told Bloomberg.