IMF upgrades outlook on Russia as economy recovers
Oct10

IMF upgrades outlook on Russia as economy recovers

The Russian economy will grow faster than previously expected as the macroeconomic outlook improves, the International Monetary Fund (IMF) forecasts. The IMF expects that Russia’s growth will reach 1.8 percent in 2019, according to the World Economic Outlook report released on Tuesday. This is still lower than the global economic growth of 3.7 percent. A previous report, published in July, projected Russia’s GDP growth at...

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Replacing Russian gas with American LNG would be ‘absolutely ridiculous’ – expert to RT
Sep24

Replacing Russian gas with American LNG would be ‘absolutely ridiculous’ – expert to RT

Washington is fiercely fighting for Germany’s energy market, trying to sell more of its liquefied natural gas (LNG) to the country, and to wrestle one of the biggest energy consumers away from Russian energy giant Gazprom. Germany currently gets around 60 of its natural gas imports from Russia. Berlin has been sharply criticized by US President Donald Trump for being a “captive to Russia.” In an attempt to push American LNG to German...

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Hong Kong tops New York as home to world’s wealthiest individuals
Sep10

Hong Kong tops New York as home to world’s wealthiest individuals

A study by research firm Wealth-X has found that the number of ultra-rich people rose 13 percent worldwide in 2017, totaling about 256,000 individuals with combined assets of $31.5 trillion. According to the report, Asia saw the fastest growth, driven by mainland China and Hong Kong. The growth in the number of people worth $30 million or more (the so-called ultra-high-net-worth individuals) surged 19 percent in Asia, twice the growth...

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German police officers who gave Nazi salutes suspended after alcohol-induced antics
Sep03

German police officers who gave Nazi salutes suspended after alcohol-induced antics

Two police officers and a security guard are under investigation in Germany for allegedly giving banned Nazi salutes while drunk at a bar. The incident comes as German police battle accusations of links to the far-right. Law enforcement was notified of the offensive behavior by a witness who was also at the bar in the city of Rosenheim, Bavarian police said in a statement on Saturday. The three men were making Nazi salutes and...

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Russia may ditch dollar in oil trade as it is too risky – finance minister
Aug13

Russia may ditch dollar in oil trade as it is too risky – finance minister

The US dollar is not a reliable tool for payments in international trade, Russian Finance Minister Anton Siluanov told Russian media. Payments in national currencies might be used instead, he said. In an interview to Rossiya 1 TV, the finance minister expressed doubt that the internationally recognized currency is reliable. Siluanov also said he does not “rule out” the possibility of switching to national currencies in oil trade. “We...

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