The EU won’t provide any new funds for Ukraine to pay off its gas debt to Russia, and Moscow has no guarantees should Kiev use agreed funding elsewhere, said the EU Energy Commissioner’s spokeswoman Marlene Holzner.
UK gas prices plunged to a record low on Friday following a newly signed deal between Russia, Ukraine and the European Commission. However, fuel poverty remains rife in Britain, with 2 million households unable to afford adequate heating.
The payment schedule and the gas price at which the remaining part of Ukraine’s gas debt will be paid, which is on top of the $3.1 billion agreed to be repaid by year end, will be settled at Stockholm arbitration, Gazprom CEO Aleksey Miller has said.
Chinese giant PC producer Lenovo has completed the $2.9 billion acquisition of the handset unit in the iconic mobile maker Motorola Mobility, fortifying its positions in the US and other developed markets.
The Serious Fraud Office (SFO) has announced it is carrying out a criminal investigation into Tesco’s accounting irregularities after the supermarket overstated profits by £263 million (US$424.7 million).
A shocking new video campaign produced by environmentalist group Greenpeace claims to show cruel and "unnecessary" methods used to catch tuna, killing thousands of sharks, dolphins and rare sea creatures in the process.
The 'fair' and most comfortable oil price for world economies would range between $90 and $110 per barrel, with any fluctuations from that involving certain risks for the industry, Russia's Energy Minister Aleksandr Novak said.
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.