Section: Business Insider (USA)
The BRICS countries just launched a rival to the IMF and World Bank
Shanghai (AFP) – A new bank dedicated to the emerging BRICS countries opened for business in China’s commercial hub of Shanghai on Tuesday, the official Xinhua news agency reported. The so-called emerging BRICS countries are made up of Brazil, Russia, India, China and South Africa, and their “New Development Bank” has been...
Japan defence paper slams China’s ‘coercive’ maritime demands
Tokyo (AFP) – Japan on Tuesday slammed Beijing’s bid to reclaim land in the South China Sea as a “coercive attempt” to force through sweeping maritime claims, in a defence paper that comes as Tokyo tries to expand the role of its military.Tokyo said China was acting “unilaterally and without compromise”, as it...
New BRICS bank opens for business in China: Xinhua
Shanghai (AFP) – A new bank dedicated to the emerging BRICS countries opened for business in China’s commercial hub of Shanghai on Tuesday, the official Xinhua news agency reported.The so-called emerging BRICS countries are made up of Brazil, Russia, India, China and South Africa, and their “New Development Bank” has been...
The weak ruble is helping Russian oil producers
If oil can maintain a fairly low price of $60 per barrel, Russian energy companies can survive a drawn-out depression in the global industry, according to Wood Mackenzie, the energy and mining consultancy based in Edinburgh. The reason is that the costs of extracting oil and gas are based on a devalued ruble, which makes them low for producers...
Eyeing Russia, US leads fresh military drills in Ukraine
Yavoriv (Ukraine) (AFP) – Ukrainian and US troops launched fresh drills Monday near the war-torn country’s Polish border in a bid to show unity and resolve in the face of an increasingly resurgent Kremlin.The annual Rapid Trident exercises involve 1,800 soldiers from 18 countries and last for just under two weeks.Their immediate aim...
These artists are making thousands of dollars — and their livings — off of Tumblr
Brooklyn-based photographer Sam Cannon makes her living creating shockingly gorgeous GIFs. Her work has been featured in campaigns by TRESemme, Universal Studios, Lipton, Converse, Mastercard, Free People, and more. Cannon’s career revolves around Tumblr, the blogging site Yahoo bought for $1.1 billion in 2013. “She’s easily one...
Iran deal a mixed economic win for Russia: analysts
Moscow (AFP) – The landmark deal on Iran’s nuclear programme that Russia helped steer through marathon talks is a diplomatic fillip for Moscow which will boost trade with Tehran but could also hit much-needed energy revenues, analysts said.Iran and the P5+1 group — Russia, the United States, China, Britain, France and Germany...
A top general is worried that that the US military is spread far too thin
The US Army is far more heavily engaged around the world than projected when it began slashing force size several years ago, and its commitments will be hard to maintain in the long run as troop numbers shrink, General Ray Odierno said on Friday. Odierno, the Army chief of staff, said decisions about cutting the size of the force from 570,000 to...
US Army chief of staff: Troop commitments ‘will be hard to maintain’ for much longer
WASHINGTON (Reuters) – The U.S. Army is far more heavily engaged around the world than projected when it began slashing force size several years ago, and its commitments will be hard to maintain in the long run as troop numbers shrink, General Ray Odierno said on Friday. Odierno, the Army chief of staff, said decisions about cutting the...
Video of the moment Russian rebels realised they’d shot down the civilian MH17 flight over Ukraine
A new video has emerged showing Russian rebels rifling through the remnants of the Malaysian passenger plane that was shot down over Ukraine last year. The video, obtained by News Corp Australia and published by the Sydney Daily Telegraph, shows rebels inspecting the wreckage and going through bags as they realise the flight they shot down is a...
