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Protesters shout slogans and hold banners as they march during a demonstration following a 24-hour general strike in downtown Lisbon on March 22, 2012 (AFP Photo/Francisco Leong) 16.05.2012 17:49

Portugal: Nothing to write home about one year after bailout

A year after Portugal received a 78 billion euro bailout from the EU and the IMF, the country’s economy hasn’t deteriorated, but hasn’t got back on track either, experts say.

Eurozone crisis
 
South Korea's President Lee Myung-bak (L), China's Premier Wen Jiabao (C) and Japan's Prime Minister Yoshihiko Noda pose for photographs in front of their national flags ahead of the fifth trilateral summit among the three nations at the Great Hall of the People in Beijing on May 13, 2012 (AFP Photo/Pool/Petar Kujundzic) 15.05.2012 15:37 11 comments

Asian tigers move away from dollar

China, Japan and South Korea are taking further steps to replace the dollar in trade between them as the countries start negotiations on a free trade agreement, Vladimir Rozhankovsky, Head of Research at Nord Capital told RT.

Reuters / Yannis Behrakis 02.05.2012 16:25 2 comments

Junk with a sunny outlook

The Standard & Poor’s rating agency has given Greece the benefit of the doubt and raised the country’s credit rating out of default territory to CCC with a stable outlook.

Eurozone crisis
 
(RIA Novosti / Igor Zarembo) 28.04.2012 12:56

Lukoil eyes Arctic deal with Rosneft

Russian crude producer Lukoil is considering partnering with another major Russian oil company, Rosneft, to jointly develop Arctic reserves, following the deals with ENI and ExxonMobil.

RIA Novosti / Valeriy Melnikov 25.04.2012 18:45 2 comments

What price luxury? $10m according to the Russian tax man

So what is considered luxury property and how much it should be taxed? Russia’s Finance Ministry got its answer to the question in a heated debate over the luxury tax.

 
A Thai woman carries street food as she stops in front of a Kentucky Fried Chicken restaurant (Reuters / Patrick de Noirmont) 12.04.2012 14:18 3 comments

Thai KFC apologizes after quake ads

KFC in Thailand has issued an apology for a post on Facebook calling people to buy KFC food while watching the tsunami news, posted during Wednesday's tsunami panic.

Fewer young Americans wed due to recession 23.03.2012 17:16 4 comments

American debt puts couples off marriage

The economic recession has dropped the chances of women hearing wedding bells before the age of 25 to less than 50%, a US government report reveals.

US debt crisis
 
Reuters / Rick Wilking 06.03.2012 16:24 8 comments

Top one per cent pocket 93 per cent of US dosh

The wealthiest 1% of Americans, earning over $350,000 a year, gobbled up 93% of income gains in 2010, according to a recent report.

US debt crisis
Reuters / Lee Jae Won 17.02.2012 16:46

Russia moves mountains to get investment

As the saying goes “If the mountain doesn’t come, then go to the mountain”. So that’s just what the Russian Direct Investment Fund (RDIF) did.

 
RIA Novosti / Igor Zarembo 31.01.2012 20:12

Russia’s grain exports might be tarriffed since April

Russia is considering introducing duty on grain exports to make sure there is enough to meet domestic demand and keep prices stable.

Russian Prime Minister Vladimir Putin (RIA Novosti / Yana Lapikova) 30.01.2012 16:48 8 comments

Putin: We need a new economy

Russia’s Prime Minister Vladimir Putin speaks on the country’s role in the global division of labor, overcoming technological inferiority and the role of the state in modernizing the economy.

Election 2012
 
Protesters gesture during a demonstration after Friday prayers in Tahrir square in Cairo (Reuters / Mohamed Abd El-Ghany) 25.01.2012 14:32

Egypt's costly revolution

Even though Egypt has begun to ease the emergency situation that has gripped the country since the revolution a year ago, the economy still has a long way to recover. Unemployment is up, and the country’s biggest money earner, tourism is down.

Egypt unrest
Image from maps.yandex.ru 17.01.2012 15:00 1 comment

Moscow City to ditch Yandex and Google to map itself

The Moscow Government thinks it can do better than the big internet giants Yandex and Google and is introducing its own electronic map service.

 
Palace of Prince Kochubey in St.Petersburg 13.01.2012 18:31 5 comments

Sale of Historic Buildings in St Petersburg falters

St Petersburg’s plans to raise cash by selling off historic buildings have come unstuck.

Ministry of Communications wants to link each mobile phone with a unique sim-card 13.01.2012 16:45

Anti-theft law may not be best deal for mobile phone users

Getting the best deal for your mobile phone in Russia may become a thing of the past if the Ministry of Communications gets their way.

 
RIA Novosti / Aleksey Malgavko 13.01.2012 16:22 5 comments

Is small business a big problem in Russia?

Starting a small business in Russia is a challenge despite large government investment and support programs.

Pathfinders: an incredible adventure in the tourism business in Russia 06.01.2012 09:15 1 comment

Pathfinders: An incredible adventure in the tourism business in Russia

“Any travel in Russia is an adventure,” says Annette Loftus, CEO of Aspera Travel, who brings high-end holidaymakers to explore Russia off the beaten track. In interview with Business RT she talked about the challenges of tourism in the country.

 
(RIA Novosti / Denis Gukov)Start of the “Way to the ocean” rally dedicated to  the official opening of “Amur” highway between Chita and Khabarovsk 05.01.2012 17:24

Tolls to fund new Russian roads

Russian roads have always been a headache, and road building often goes at a snails pace. The Amur highway in Siberia has been under construction since 1966.

Tourists walk on the beach near the site in the Red Sea resort of Sharm el-Sheikh (AFP Photo / KHALED DESOUKI) 28.12.2011 13:42 3 comments

Exodus from Egypt

Leading Russian tourism organisations are voicing their concerns over the possible introduction of Islamic law into Egypt that would restrict alcohol and how women dress, and say it is likely to scare away Russian tourists.

 
New standards could pave the way to new investments 12.12.2011 16:32 2 comments

New standards could pave the way to new investments

Russian companies will have to report their financial figures according to both - Russian and International standards by 2015.