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.
The 6th BRICS summit in Fortaleza, Brazil, has highlighted the increasing role of emerging countries in international affairs and their ability to share strategic interests and approaches while reaching for their development goals.
Stalled progress towards EU membership has shifted Turkey’s economic interest, and it is now looking for closer cooperation with Russia’s Customs Union, Economic Development Minister Aleksey Ulyukayev said.
Ukraine should be ready for a complete break in trade relations with Russia, as it’s impossible to just stand by when Western countries impose sanctions against Russia, Ukrainian Prime Minister Arseniy Yatsenyuk said on Friday