Economics

By Paul Craig Roberts Over the last 15 months Ukrainians have paid for Washington’s overthrow of their elected government in deaths, dismemberment of their country, and broken economic and political relationships with Russia that cost Ukraine its subsidized energy. Now Ukrainians are losing their pensions and traditional support …

The worldwide use of the renminbi would reduce the cost of financial transactions for China by allowing the direct exchange of RMB claims with non-USD currencies.  China established the first renminbi clearing center in the Middle East in Qatar in April. The aim of the center is to offer local financial institutions access …

Valbona Zeneli Fortunately for all, the Greek government and the rest of the Eurozone reached an agreement extending the country’s bailout program for four months. This extension will allow all parties to apply clear and critical thinking towards resolving this challenge. However, four months is an incredibly brief …

The “temptation of nationalism” may trigger EU member states to seek independence from Brussels and eventually “repatriate power” to their capitals, dealing a lethal blow to the European Union’s system, Stratfor notes.  According a forecast by Stratfor, a private US intelligence company, a loss of economic prosperity within the EU accompanied …

Iran may use the Turkish Stream gas pipeline being developed by Russia in order to deliver gas to Europe, the director of the National Iranian Gas Company’s Liaison Office told RIA Novosti on Wednesday.  PARIS (Sputnik) – Iranian gas could be delivered via the Turkish Stream pipeline being developed …

Darya Lyubinskaya RBTH presents a selection of views from leading Russian media on international events, featuring reports on a setback for the future of the Turkish Stream gas pipeline, the continuing uncertainty over the signing of a nuclear deal with Iran, and the implications of the FIFA corruption …

Jeremy Friedman At its core, the proposed nuclear deal with Iran is a bet on the future direction of the Iranian regime. Two former Secretaries of State, Henry Kissinger and George Schultz, argued in a recent critical piece in the Wall Street Journal that the central claim of …

By Elliott Morss of Morss Global Finance The media is doing a more than adequate job of covering the futile dance between the Eurozone “leaders” and Greece. But Greece is not the only country facing fundamental economic challenges. This article identifies other countries in the most dire straits …

Kazakhstan wants to develop advanced transport infrastructure to become a key part of China’s future transport network from the Pacific Ocean to the Baltic Sea. Kazakhstan plans to invest over $20 billion by 2020 into its transportation industry to become the main transit country between the booming Chinese market and Europe, said Zhenis …