Britain must take more action to prepare for the effects of climate change and introduce more structured planning rather than focusing on mitigating the results of catastrophes, a new report has warned.
Zimbabwe has started retiring its almost worthless local currency in favor of the US dollar. Today, 35 quadrillion Zimbabwean dollars are equal to US $1, as a result of hyperinflation which hit the country in 2009.
China has started a rail freight service linking the western Xinjiang region also known as a "core area" of the Silk Road economic belt with Moscow. It is expected to deliver $8.1 billion worth of cargo annually.
Beyond the clamor of war hides a more vicious and insidious conflict - ISIS is vying to control water. Away from the sensational headlines, the terror group is working to throw the global economy out of balance in a game of dominoes we all stand to lose.
To deal with the migrant crisis the EU has to change its relations with the countries of the global South, to implement a policy to integrate migrants into the EU and to ensure they won’t be socially discriminated, says human rights activist Ajamu Baraka.
Russia has started delivering grain to Iran according to the Russian food safety regulator Rosselkhoznadzor. The first 100,000 tons could be part of the ‘oil-for-goods’ barter deal between Moscow and Tehran.
Russia’s oil output was close to a post-Soviet high in May, at 10.708 million barrels a day, Bloomberg said, citing Russian Energy Ministry data. The report comes days before an OPEC meeting where top producers are expected to unveil their output policy.
Kiev will nationalize Russian overseas property as compensation for the losses over Crimea’s reunification with Russia, Ukraine’s Deputy Minister of Justice Natalia Sevostyanova said. The decision is now up to the European Court of Human Rights.
The BRICS New Development Bank is not an alternative to the IMF and the World Bank but rather a complement, said Presidential aide Sergey Glazyev. It will address the challenges that Western institutions currently ignore.
Ukraine has every chance of becoming a gas exporter again, as it was in the first half of the 20th century, said US Ambassador to Ukraine Geoffrey Pyatt. He added that the US will certainly help Kiev to achieve the goal.