People find it hard enough to trade with Russia in the first place without any sanctions. While sanctions will cause a big detrimental effect and will job losses in the UK, the founder of Export Explorer Tim Jelley told RT.
Xiaomi, a Beijing-based electronics company, tripled smartphone shipments in China in the second quarter compared to 2013. Just four years after being founded it became the biggest vendor in the world’s largest market, overtaking Samsung in sales volume.
Both China and the US are trying to broaden and deepen their influence in Africa, with China dominating the continent economically, whereas the US is more pro-active militarily, Asia Times journalist Brendan O'Reilly told RT.
Jaguar Land Rover, Audi and Daimler have agreed to cut prices on their luxury models and auto parts after China’s anti-monopoly regulator began investigating the auto industry for possible anti-competitive behavior.
A Guardian investigation has revealed alleged widespread hygiene failings in Britain's poultry industry, prompting three major UK supermarkets to launch emergency inquiries into their chicken suppliers.
If the standoff with Russia and the West reaches a point where the EU has to completely cut trade with Russia, oil prices could soar above $200 per barrel, sparking a global economic crisis, says Adam Slater, senior economist at Oxford Economics.
The EU Council did not agree to new Russian sanctions on Tuesday. However, EU foreign policy chief Catherine Ashton said an extended ‘black list’ will be published on Thursday. It will include the energy, and defense sectors, and financial markets.