As smaller economies rejoice in the forming of the New Development Bank (NDB) led by Brazil, Russia, India, China and South Africa (BRICS), down in South Asia Bangladesh seems to be already ramping up to join the bank.
The major global economies are losing steam, and are expected to forfeit some 2014 growth, the OECD said Monday. They are weighed down by a sluggish eurozone economy, growing Middle East tension, the Ukraine crisis, and the Scot’s independence referendum.
Scotland’s drive for independence may signal the most historic moment in UK history. Despite the gravity of the vote, some are taking a more light hearted approach. From memes to trolling, here are a few of the best social media moments’ of #indyref 2014.
Almost $27 billion of financial assets were pulled out of Britain in August in the run up to Scotland’s vote on independence, according to a new report by a London-based consultancy comparing the capital outflow to the Lehman Brothers collapse in 2008.
Russia’s Foreign Ministry has slammed the latest round of US sanctions over Ukraine as “another hostile move.” Moscow said that this will not change the country’s position, and added that imposing “counter-sanctions will not take long.”
Imports of Western cars and clothes into Russia could be restricted as part of a second round of “retaliatory” measures prepared in response to the sanctions against Moscow, says presidential aide Andrey Belousov.
The European Union is in a kind of box, and new sanctions against Russia just illustrate its policy of “the four Ds”, which is divert, deflect, deceive and deny, financial commentator Mitchell Feierstein told RT.
Arms producer Kalashnikov and oil giant Rosneft are among Russian companies hit by a new round of EU sanctions, which have come into effect Friday morning upon being published in the EU Official Journal.