Samsung, the largest manufacturer of televisions and mobile phones, has seen revenues fall by more than a third in the fourth quarter of 2014 compared to a year earlier, as Chinese brands gain popularity in the market.
The UK's much-loved Cornish pasty could be hijacked by a horde of US imitations under an EU-US trade agreement being negotiated in Brussels. Critics of the deal warn it could also lead to the spread of genetically modified products in UK stores.
It’s impossible to go back to a trusting relationship between America and Cuba until there is respect for Cuban sovereignty and can respectfully talks on how to resolve economic disputes, Gloria La Riva, National Committee to Free the Cuban Five, told RT.
Refusing to cut production OPEC is planting the seeds of a future oil crisis where global consumption will overtake a global production, Dr. Mamdouh Salameh, consultant on oil and energy at the World Bank told RT.
The Russian economy cannot be fully excluded from the global monetary system, attempts to do so along with imposing more sanctions, will lead to a further fall in the ruble and a financial crisis similar to 2008, economic analyst Michael Mross told RT.
Beppe Grillo, the leader of an Italian Eurosceptic party says he has already received 50,000 signatures for his petition to push for a referendum on Italy leaving the Euro. He cites rising unemployment and lack of economic growth for wanting to quit.
Car dealers in the Russian capital ran out of stock, as customers were buying Porsches, Lamborghinis and BMWs in unusually large numbers, despite growing price tags. The influx was prompted both by holiday spirits and ruble devaluation, experts say.