Ukrainian Energy Minister Yuriy Prodan: Ukraine does not acknowledge $3.5 billion debt for Russian gas. "We cannot accept figure mentioned by Gazprom because calculations based on economically unsound price. Prodan replied his country unable to switch to advance payment system for gas.
Energy Minister Alexander Novak: Russia will supply natural gas to Ukraine on a prepaid basis from June 1, “May 7 last day Ukraine had to pay for gas. not received payment since March of this year. Debt for gas has reached 3,508 billion U.S. dollars. Contract entails automatic prepaid basis.
US Treasury Undersecretary David Cohe Western sanctions against Russia over the crisis in Ukraine are taking a toll. Sanctions meant to hurt Russia also inflicting pain on companies in the US and particularly Europe, whose banks and energy firms more dependent on Moscow,
Clashes Wednesday in province of Chaco. Hundreds of members of trade unions gathered at central square of provincial capital, Resistencia, demand pay rise, denounced proposed 25-percent pay rise insufficient. Police fired rubber bullets, tear gas to disperse demonstrators. Injuries reported.
A new Brookings Institution report indicates that businesses are shuttering their doors more quickly than new ones are popping up.
Gazprom: Ukraine has once again forgotten to pay latest monthly, April, gas bill. As a result, total amount now due rises from $2.2 billion to $3.5 billion. Ukraine might receive Russian gas only on the condition of advanced payment. Deadline has passed, no payment received.
Job offers never come easily to young adults entering the workforce, but a new study from the Economic Policy Institute (EPI) forecasts very slim pickings for the Class of 2014, with consequences likely to carry on for a full 10-15 years.
Colorado lawmakers approved world's first financial system for marijuana industry , a network of uninsured cooperatives designed to give pot businesses a way to access basic banking services. Plan seeks to move marijuana industry away from cash-only.
America's Bureau of Labor Statistics reports inflation in the US running at 1.5 percent.This is dangerous nonsense.
Chinese homebuyers and businesses starting to flood into Motor City. Michigan governor encouraging this. Asked Obama administration for 50,000 special federal immigration visas to encourage more immigration from China. Attract foreign professionals. Gov. Snyder: Detroit is open to the world.“
major increase in seismic shaking led to a rare earthquake warning May 5 from the U.S. Geological Survey and the Oklahoma Geological Survey. many researchers suspect the deep injection wells used for the disposal of fracking wastewater could be causing the earthquake activity.
Switzerland's federal prosecutor has frozen 170 million Swiss francs ($193.34 million) of assets in Swiss bank accounts belonging to former Ukrainian president Viktor Yanukovich and people close to him, opened five investigations against individuals suspected of money-laundering.
DPA, or diphenylamine, banned by European officials, toxin on American apples and pears. DPA sprayed on apples to prevent “storage scald”, darkening of fruit’s skin after months of cold storage. Banned in European Union in 2012, producers couldn’t answer questions about safety.
Reading between the lines of a just-released optimistic report on global flows of goods, services and finance by the McKinsey Global Institute, one can conclude that the developed world is benefiting more from globalization than the developing one.
“The Elite are instituting drastic measures which will be implemented IMMEDIATELY. The world as we know it will never be the same again. Expect catastrophic events in the monetary world, nature and the Elite EXPECT DIVINE REPERCUSSIONS.”
When planning transport systems in developing countries, one of the main challenges is to evaluate the proportion of income spent by poorer households on transport as well as in understanding transport patterns in relation to residential location, travel distance and travel mode.
Democrats have yet another issue on which Republicans in Congress have now voted against the will of the vast majority of Americans: raising the minimum wage.
IMF: $17bn loan to Ukraine. Gazprom gets paid; Ukraine gets cash; US, EU more 'control. IF UKRAINE GOVERNMENT LOSES CONTROL OVER EAST OF COUNTRY, $17 BLN IMF BAILOUT WOULD BE REDESIGNED. Means go to war with pro-Russian forces, possibly Russia itself or no money.
Europe is powering the military rise of China, approving multi-million dollar deals for the transfer of weapons and dual-use technology – despite an arms embargo stemming from the 1989 Tiananmen Square crackdown. China is world’s second largest military spender, fastest growing military market.
A top election-year proposal from Democrats -- a bid to raise the federal minimum wage -- was rejected by Republicans in the Senate, who blocked legislation Wednesday to boost the rate to $10.10 an hour.
No, the economy is most definitely not "recovering". Despite what you may hear from the politicians and from the mainstream media, the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. In fact, we are still pretty much where we were...
Loan is dependent on strict economic reforms, raising taxes, energy prices, freeze minimum wage, further funds of $15bn from other donors, World Bank, EU, Canada and Japan. Commitment to help Ukraine recover tens of billions of dollars allegedly stolen by the ousted President Yanukovych.
Owner of a Swiss trust company plead guilty to conspiring with Credit Suisse bankers to enable U.S. customers to avoid taxes by hiding assets in secret Swiss bank accounts in names of sham entities. Josef Dorig admitted to “wideranging” conspiracy between 1997, 2011 Faces five years prison.
Ukraine’s economy contracted 1.1 percent in first three months of 2014. on track to slow 4 percent overall in 2014. Ukraine’s economy had been headed towards default before protests began. Gold and foreign exchange reserves quickly depleting. $4 billion in international reserves wiped out.
China may pass the US and become the world’s most important economy this year, according to the World Bank. It would take the position the US has held since 1872. IMF: Chinese economy contributed a quarter of total global growth. Between 2011-2014, China’s economy will account for 24 percent.
You need to know this. For most of our lives, we've been taught that hard work pays off, but most of the super-rich didn't make their money by working hard.
LISTENING to the polarized energy debate in the United States, you might think natural gas was an economic and geopolitical cure-all — or an environmental curse.
America’s biggest bank discovered a $4 billion accounting error on Monday, and is suspending its share buyback program and planned quarterly dividend. The mistake went unnoticed for several years and brings into question how ‘healthy’ Bank of America is.
Russian Foreign Ministry Spokesman Alexander Lukashevich: Russia will definitely respond to the sanctions imposed by Tokyo on a number of its citizens over Ukraine crisis, will not go unanswered. US sanctions, will have a painful effect on Washington. Tensions heightened.
Washington, (EU) imposed new sanctions on Russian business, political leaders. Obama: “We do not know whether it’s going to work. Threatens trade war. Could bring much of European economy to a halt. Violence mounts in Ukraine. Mayor of Kharkov shot. World on brink of war.
US businesses have added 1.85 million low-wage jobs over the past six years, eliminated 1.83 million medium-wage (paying between $13 and $20 per hour) and high-wage (between $20 and $32) jobs. Economy continues to produce a disproportionate number of low-wage jobs.
A judge ruled a Pennsylvania widow was given ample notice before her $280,000 home was auctioned off over $6.30 in unpaid interest. Eileen Battisti asked the court to reverse the September 2011 sale of her house planned to appeal judge’s ruling to the Commonwealth Court. “I paid everything.”
Any propaganda war starts by planting stories that your target is getting rich, whether he is or isn’t, the latest move in demonizing Vladimir Putin. But the larger question is what might happen if the neocons succeed in destabilizing nuclear-armed Russia.
Turkey's geographical location “between major markets in Europe, supply sources further east, increases chances to become global energy hub, discoveries of natural gas fields in Mediterranean off coast of Israel opportunity for Turkey as best feasible route for Israeli gas to reach Europe, Asia.
Russia says Ukraine’s failure to pay its growing gas debt may impact gas delivery to European countries. Russia’s Energy Minister Alexander Novak: Moscow may be forced to cut off natural gas supplies to Europe over Ukraine’s mounting unpaid gas debt.
US: next round of US-led sanctions against Russia over Ukraine will target Russian defense industry people close to the country’s President Vladimir Putin. Obama acknowledged sanctions could be ineffective. Putin :sanctions were hurting the Russian economy but damage was not critical.
If the economy really is "getting better", then why are nearly 50 million Americans dealing with food insecurity? In 1854, Henry David Thoreau observed that "the mass of men lead lives of quiet desperation".
Agreement between Cairo and Moscow, Egypt will receive 24 of Russia’s advanced Mikoyan MiG-35 fighter jets, along with military and strategic advisers, as well as training for the Egyptian Air Force, follows $2 billion arms deal that Egypt signed with Russia in February.
Verizon Wireless will monitor customers’ activities on wireless devices as well as wired or Wi-Fi-connected desktop computers and laptops. Collected data on users’ online activity will then be passed to marketers for targeted advertising.
President Vladimir Putin: Sanctions against Russia will backfire and actually benefit the economy. “Over-reliance can lead to a loss of sovereignty,” economic sanctions is already helping boost domestic businesses, bringing more offshore funds back to Russia.
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