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IMF slashes 2015-2016 world growth forecast
Jan20

IMF slashes 2015-2016 world growth forecast

Washington (AFP) – The International Monetary Fund on Tuesday sharply cut its 2015-2016 world growth forecast of only six months ago, saying lower oil prices did not offset pervasive weaknesses around the globe.The IMF said poorer prospects in China, Russia, the euro area and Japan will hold world growth to just 3.5 percent this year and...

Ukraine battle for Donetsk airport rages on
Jan20

Ukraine battle for Donetsk airport rages on

Donetsk (BBC): Ukrainian government troops are still battling for control of Donetsk airport with pro-Russian rebels, reports say. The rebel military command said its forces had halted a government offensive at a key bridge between the airport and the city. The Putylivskiy bridge was destroyed in the fighting. The airport in eastern Ukraine is in...

Shelling hits Ukraine hospital
Jan20

Shelling hits Ukraine hospital

DONETSK, Ukraine: Sporadic shelling hit a hospital in Donetsk and shook other parts of the region on Monday while Ukraine alleged that hundreds of Rus …read more Source: The News...

Oil price plunge drags down Russian economy
Jan20

Oil price plunge drags down Russian economy

LONDON (APP/AFP): Russia’s battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday. The London-based European Bank for Reconstruction and Development sharply revised its September prediction for a 0.2-percent...

Civilians under threat as Ukraine clashes flare
Jan19

Civilians under threat as Ukraine clashes flare

DONETSK, Ukraine – Deadly clashes between Ukrainian forces and pro-Russian rebels threatened civilians in central Donetsk on Monday, with shelling hitting a hospital and warnings of insurgents launching attacks from residential areas. Ukraine also made fresh accusations of Moscow backing the separatists, alleging that hundreds of Russian...

EU agrees to stick to Russia sanctions policy
Jan19

EU agrees to stick to Russia sanctions policy

BRUSSELS (AFP) – EU foreign ministers agreed Monday there would be no change in the blocs Russia policy, including sanctions, as the unions diplomatic chief warned the Ukraine situation had got much worse in recent weeks.They said they would stick to their course until Russia fully implemented the Ukraine peace accords it had backed in...

Civilians under threat as Ukraine clashes flare
Jan19

Civilians under threat as Ukraine clashes flare

DONETSK (AFP) – Deadly clashes between Ukrainian forces and pro-Russian rebels threatened civilians in central Donetsk on Monday, with shelling hitting a hospital and warnings of insurgents launching attacks from residential areas.Ukraine also made fresh accusations of Moscow backing the separatists, alleging that hundreds of Russian troops...

Hundreds march in memory of slain Russian lawyer and journalist
Jan19

Hundreds march in memory of slain Russian lawyer and journalist

MOSCOW (AFP) – Hundreds of Russians marched in Moscow and Saint Petersburg on Monday, six years after a lawyer and reporter were murdered by ultra-nationalists.About 500 people walked through central Moscow mourning slain lawyer Stanislav Markelov and Anastasia Baburova, a journalist with an opposition paper, who were gunned down on a...

Rebels blow up part of Donetsk airport, many wounded: Ukraine
Jan19

Rebels blow up part of Donetsk airport, many wounded: Ukraine

KIEV (AFP) – Pro-Russian rebels blew up part of a ceiling at the battered Donetsk airport in war-torn eastern Ukraine on Monday, causing a section of it to collapse and wounding many soldiers, an adviser to the president said.Further details of the incident were unclear, but the airport has been hit by heavy combat in recent days, with both...

Russian economy to shrink 4.8% this year: EBRD bank
Jan19

Russian economy to shrink 4.8% this year: EBRD bank

LONDON (AFP) – Russias battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday.The London-based European Bank for Reconstruction and Development sharply revised its September prediction for a 0.2-percent...