Moscow on the map for European corporate expansion
International rating agency, Moody`s, is warning of possible ratings downgrades in the Russian banking sector on the back of capital adequacy concerns.
Russia welcomes coalition forces` longer stay in Afghanistan
The Russian Foreign Ministry has issued a statement saying that the UN Security Council`s decision to prolong the mandate of the International Security Assistance Force (ISAF) in Afghanistan would promote security in the region.
Belarus boosts KGB powers, outlaws protests
Tightening the screws on dissent, Belarusian legislators have approved a package of amendments that significantly expand KGB powers - including the right to enter homes - and ban foreign financing of non-government organizations (NGOs).
Globe against the greedy: protests spill worldwide
Protests against economic mismanagement and corporate greed are going global. In addition to the Occupy Wall Street movement sweeping the US, protesters from over 70 European and Asian nations are set to hold co-ordinated mass rallies on October 15.
Georgia strips billionaire politician of citizenship
Tbilisi has revoked Boris Ivanishvili’s citizenship after the Russian-based billionaire announced his decision to enter politics in an effort to oust President Mikhail Saakashvili from power.
Migrants mopping up UK jobs?
As spending cuts in the UK force a growing number of people out of work, the few vacancies that are left are mostly going to immigrants.
Bailout addiction: Greece craves cash injection
Greek lawmakers are expected to approve an unpopular property tax as they battle to show they are serious about tackling the country`s debt crisis in order to receive a vital cash injection.
US building drone bases in Africa
Pakistanis have long asked America to get its drones out of their country. While Obama isn`t necessarily going to end spy-plane operations throughout Asia, it looks like the US is building drone bases elsewhere.
Powerful typhoon hits Japan
A powerful typhoon hit disaster-ravaged Japan on Wednesday, with at least six people already dead.
Cash-flooded China to loan $1bln to cash-hungry Belarus
Belarus, which is going through a serious economic crisis, will receive a helping hand from China. The Asian powerhouse will loan $1 billion in exchange for preferences for Chinese companies in acquiring shares in Belarusian industrial facilities.
French lawyers to sue Sarkozy over Libya abuses
In Libya, new government forces are turning up the heat on Colonel Gaddafi`s remaining supporters. Meanwhile, some Western leaders are facing charges at home over the legacy of their military intervention.
Two-thirds of America think Obama`s plan will fail
When Republicans candidates lashed out at Barack Obama during this week`s GOP Debate, apparently they weren`t the only ones peeved at the president.
Obama readies jobs plan; Bank of America cuts 40k positions
While President Obama spoke to reporters from the White House this morning about his proposed plan to tackle the unemployment epidemic, another announcement concerning the country`s workforce came out today: Bank of America is shedding 40,000 jobs.
World Economic Forum downgrades America
International experts are losing faith in the United States` ability to overcome the country`s financial crisis, as demonstrated in a new report issued by the World Economic Forum on Wednesday.
Russian pilot gets 20 years in US jail
Konstantin Yaroshenko, a Russian citizen, has been found guilty of conspiring to smuggle cocaine into the US earlier this year and has been sentenced to 20 years behind bars.
Obama wants to spend another $300 billion
Barack Obama is set to speak to the nation on Thursday to address the country`s dire jobs problem, but White House insiders say that the president`s plan to jump-start employment will cost upwards of $300 billion.
Majority of Americans disapprove of Obama
Just when he thought it couldn`t get any worse, approval ratings for US President Barack Obama continue to sink. The latest poll revealed this week continues to chronicle the American unrest directed towards the commander-in-chief.
`Eurozone is exploding!`
Protests have spread across Europe as Greece, Italy and Spain are struggling to hold on to the euro. Meanwhile, residents of the strongest European economies, such as France, believe that their countries would be better off with a national currency.
Deadly blast rocks New Delhi court
A bomb blast has rocked the Indian capital New Delhi, killing nine and injuring at least 45 outside the city`s High Court.
US $15 billion for new Libya
Western leaders have agreed to unfreeze Colonel Gaddafi`s assets and lift some of the sanctions imposed on the country. Meanwhile, Libya`s new rulers are setting timelines for elections.
Obama charged for drunk driving
When pulled over by Framingham, MA cops on suspicion of driving drunk last week, Onyango Obama knew exactly how he would use his one phone call from jail. "I think I will call the White House," he said. After all, that`s where his nephew lives.
US blames USSR in WW2 history re-write
The US embassy in Estonia has issued a statement claiming the Soviet Union and Nazi Germany were both responsible for starting World War II.
Syria may descend into chemical chaos
While violent unrest continues in Syria, concerns about the fate of Syria`s arsenal of chemical weapons are growing. There are fears it could fall into the wrong hands, causing catastrophic results.
Opposition clashes with police on Ukrainian Independence Day
Supporters of jailed Ukrainian opposition leader, former PM Yulia Tymoshenko have clashed with police in the centre of Kiev. The unrest has come as the country is celebrating its 20th anniversary of independence from the USSR.
China Construction Bank to develop its banking in Russia
China`s second largest bank, China Construction Bank (CCB), will invest around $150 million to develop its Russian subsidiary, with analysts saying the bank is eyeing the growth potential of Russia`s banking market.