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Trade

Leaked TPP document shows US favoring Big Pharma
US negotiators in Trans-Pacific Partnership (TPP) talks fought on behalf of big drug-making companies, championing intellectual property laws that would protect their profits from competition by generic medications, leaked documents have revealed.

01.07.2015 18:16

Cuba, US to open embassies on/after July 20 at end of 50-year stalemate
The US and Cuba could open embassies in each other's capitals as early as July 20, Cuba’s foreign ministry has said, citing a letter from US President Barack Obama. The message comes following the decision to restore diplomatic relations.

01.07.2015 00:39

Australian politicians slam TPP for ‘excessive secrecy’
Australian lawmakers have slammed the country’s deal-making process as one lacking transparency and oversight. They’ve particularly criticized the currently negotiated Trans-Pacific Partnership for its “excessive secrecy.”

30.06.2015 15:21

China to build giant dairy farm to supply Russia
China has started to build a joint Chinese-Russian livestock agricultural complex. A hundred thousand cows are planned to be bred in a project costing one billion Yuan.

29.06.2015 14:32

Default countdown? European banks lose €50bn as Greek debt deadline nears
The market value of European banks has shrunk by more than €50 billion after Greece shut down its banks until July, 6, the day after the referendum on the bailout deal is held.

29.06.2015 08:02

​Gazprom to open Nord Stream-2 by 2020 - CEO
The two parts of the new Nord Stream-2 gas pipeline will be operational by the end of 2019, said Gazprom CEO Aleksey Miller. Gazprom expects Germany’s BASF subsidiary Wintershall to join the project in September.

26.06.2015 09:58

​China to become biggest outward investor in 5ys – research
China is expected to become the world’s biggest overseas investor by 2020. Beijing’s global offshore assets will likely triple from $6.4 trillion, to more than $20 trillion by then, says research reported in the Financial Times (FT).

26.06.2015 07:34

Ufa ready to host BRICS and SCO summits - republic's head to RT
Russia’s Bashkortostan is ready to host the 7th BRICS summit and the Shanghai Cooperation Organization (SCO) summit in the capital Ufa, the republic's president Rustem Khamitov told RT. It’s hoped the events will bring the region to a new level, he said.

25.06.2015 12:06

Oil firms Shell, Eni visit Iran as nuclear deal nears
Over the last two months executives from Royal Dutch Shell and Italian oil major Eni have met Iranian officials in Tehran. This is the first time Western oil firms confirmed talks prior to the expected lifting of Iranian sanctions on June, 30.

25.06.2015 07:41

Senate puts Obama on fast-track to TPP
With a 60-38 vote, the Senate adopted the law giving President Obama the power to “fast-track” talks on free-trade pacts such as the Trans-Pacific Partnership (TPP) after months of fierce debate in both houses of the Congress.

24.06.2015 18:07

​Russia can’t give another gas discount to Kiev; price should match Poland’s – Putin
Russia is to give a further discount on gas supplies to Ukraine, as the oil prices remain low, said President Vladimir Putin. The price Kiev pays for Russian gas should be the same as Poland at above $400 per 1,000 cubic meters, he added.

24.06.2015 13:45

Squeaking through: Senate clears way to approve Obama’s ‘fast-track’ powers
President Barack Obama managed to drum up enough support among his fellow Democrats to clear a procedural hurdle for a vote on special trade powers, as the Senate voted 60-37 to end the debate on Trade Promotion Authority (TPA).

23.06.2015 13:17