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Russia warns West over
21 Sep 2014 17:20

Russia warns West over 'foolish' sanctions

Russia has described as “foolish” the Western sanctions imposed on the country, warning that European countries won’t be able to return to the Russian market once the sanctions are removed.“These foolish sanctions will pass, but international relations will continue. And currency markets ...

 
Israeli intelligence: ISIL daily income reaches ’$6 million’
19 Sep 2014 17:34

Israeli intelligence: ISIL daily income reaches ’$6 million’

The Zionist military intelligence agencies assessed on Friday that the daily financial income of the so-called 'Islamic State of Iraq and the Levant' (ISIL) terrorist group reaches $6 million, due to oil and gas revenues, and to other sources of funding as well, warning of the group expansion in Asia....

 
Russia, China agree to trade more in ruble, yuan instead of US dollar
10 Sep 2014 21:41

Russia, China agree to trade more in ruble, yuan instead of US dollar

In response to Washington’s new sanctions against Russia, Moscow is planning to cooperate with China in order to use their currencies more in bilateral trade instead of the US dollar.Russian Deputy Prime Minister Igor Shuvalov and Chinese Vice Premier Zhang Gaoli on Tuesday agreed an economic ...

 
Israel war adversely affects Gaza economy
10 Sep 2014 21:37

Israel war adversely affects Gaza economy

Israel’s recent aggression on the Gaza Strip has seriously affected the economy of the besieged Palestinian territory, Press TV reports.The Israeli war has brought down the economy in the enclave to the lowest levels of productivity.“The production cycle in Gaza has stopped due to the war....

 
Lufthansa flights grounded in new pilots
5 Sep 2014 16:49

Lufthansa flights grounded in new pilots' strike

Lufthansa, Germany's biggest airline, said it would cancel 200 flights Friday, affecting 25,000 passengers, as a consequence of a pilots' strike to be held later in the day.The pilots' union Vereinigung Cockpit has called for a six-hour walkout between 5 p.m. and 11 p.m. (1500-2100 GMT) over plans to ...

 
Putin breaks ground on Russia-China gas pipeline, world
1 Sep 2014 17:25

Putin breaks ground on Russia-China gas pipeline, world's biggest

Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom’s Power of Siberia pipeline - which will deliver 4 trillion cubic meters of gas to China over 30 years.“The new gas branch will significantly strengthen the economic ...

 
Indian protesters call for boycotting Israel over Gaza war
25 Aug 2014 17:14

Indian protesters call for boycotting Israel over Gaza war

A group of protesters have taken to the streets in the Indian capital, New Delhi, to call for boycotting Israeli goods over its war on the Palestinians in the besieged Gaza Strip, Press TV reports.The Muslim demonstrators on Sunday also announced their solidarity with the people of Gaza in the face ...

 
U.S. official says unified with Japan on need for Russian sanctions
20 Aug 2014 17:56

U.S. official says unified with Japan on need for Russian sanctions

A senior U.S. Treasury official said on Wednesday that the U.S. and Japanese governments are completely unified that sanctions are needed on Russia to encourage it to stop taking steps that the United States says are destabilizing Ukraine.The official also said the U.S. government has no concern that ...

 
Turkey
20 Aug 2014 17:54

Turkey's private sector foreign debt rises $8.9 billion

The Turkish Central Bank has disclosed that the private sector has seen its long-term foreign debt increase to $166.5 billion since December.Turkish private sector’s long-term foreign debt rose by $8.9 billion in June to $166.5 billion, compared to December last year, the country's central bank ...

 
Shocking number of Americans have no retirement savings
18 Aug 2014 17:01

Shocking number of Americans have no retirement savings

Much has been written about the "sandwich generation" -- middle-aged Americans who are caught between their financial obligations to elderly parents and to their children, while they also try to prepare for their own retirement years.Yet millions of Americans face an even bigger bind: More ...

 
Monarch airlines plans to slash workforce by up to 30%
18 Aug 2014 16:58

Monarch airlines plans to slash workforce by up to 30%

Monarch Airlines may cut as many as 1,000 jobs as part of a major strategic review that aims to cuts costs and may lead to the end of long haul flights.The airline will instead aim to compete with low cost airlines Ryanair and Easyjet and concentrate on short-haul flights to Europe.The job losses amount ...

 
UN threatens S Sudan leaders with sanctions
13 Aug 2014 13:11

UN threatens S Sudan leaders with sanctions

UN Security Council envoys have warned South Sudan's warring leaders they would face sanctions if a civil war that has pushed the young nation to the brink of famine does not stop."The council has made it very clear: that it is prepared to impose consequences if there continue to be spoilers, if ...

 
India shocks world, joins Russia against Obama regime
2 Aug 2014 17:23

India shocks world, joins Russia against Obama regime

A new report prepared by the Ministry of Foreign Affairs (MoFA) circulating in the Kremlin states that India’s veto earlier today of a landmark World Trade Organization (WTO) treaty has “shocked the world” and could very well lead to the entire collapse of this Western led global organization ...

 
Microsoft to cut 18K jobs worldwide
1 Aug 2014 19:03

Microsoft to cut 18K jobs worldwide

The US software giant Microsoft has announced plans to slash 18,000 jobs from its global workforce in 2015, the largest cuts in the company’s 39-year history.In a statement on Thursday, the company described the shakeup as part of its strategy to streamline business under new CEO Satya Nadella....

 
​Land used for opium cultivation at historic high – UN
28 Jun 2014 17:40

​Land used for opium cultivation at historic high – UN

The amount of land used for cultivating opium poppies around the world is at an all-time high, says a UN report. Afghanistan is largely behind the increase, with its crop growing by 36 percent over a year, producing 80 percent of the world’s opium.A World Drug Report released by the UN’s ...

 
Total US debt soars to $60 trillion
17 Jun 2014 12:35

Total US debt soars to $60 trillion

The government, businesses and people in the United States were $۵۹.۴ trillion in debt at the end of the first quarter of ۲۰۱۴, according to the latest economic data from the St. Louis Federal Reserve. The figure is up by some $۵۰۰ billion from the end of the fourth quarter of ۲۰۱۳. Total debt (the ...

 
British charities warn against inequality
10 Jun 2014 15:57

British charities warn against inequality

Charity organizations in Britain have warned against growing social inequality in the country while reporting a dramatic rise in the use of food banks, Press TV reports.According to a new report by Oxfam, the Trussell Trust and Church Action on Poverty, food banks and charities in Britain handed out ...

 
Los Angeles sues JPMorgan over loans
31 May 2014 14:14

Los Angeles sues JPMorgan over loans

Los Angeles officials have lodged a lawsuit against the largest American bank for pushing poor minorities into high-risk loans they could not afford. The officials accused JPMorgan Chase & Co. of steering the cash-strapped borrowers into risky home loans, which in turn triggered foreclosures. In ...

 
Pentagon to shutdown over 20 facilities across Europe
28 May 2014 14:28

Pentagon to shutdown over 20 facilities across Europe

The US military announced Friday it was closing down ۲۱ military facilities in half a dozen countries across Europe, a move the Pentagon said would trim $۶۰ million in fat annually. The closures, however, will not affect US troop strength on the continent because they are comprised mostly of recreational ...

 
U.N. says forced labor $150 billion-a-year business
20 May 2014 18:06

U.N. says forced labor $150 billion-a-year business

The United Nation's labor agency says trafficking, forced labor and modern slavery is big business, generating profits of $150 billion a year.The International Labor Organization says two thirds of the profits come from sexual exploitation and one third is the result of "forced economic exploitation"...