Section: Business Insider (USA)
General Motors is stopping production in Europe’s third largest car market
General Motors is ending almost all its production in Russia, but others are staying put for now. Russia is the third-largest European car market, but is giving automakers a bumpy ride. The 10% drop in car sales last year paled in comparison that of 2009, when new registrations halved following the financial crisis. Even so, the optimism that...
Russia is refusing to negotiate over its $3 billion loan to Ukraine
Russia will not negotiate delaying repayment over its $3 billion (£2 billion) loan to Ukraine that is due in December. Failure to agree on a restructuring of the debt could result in the Ukrainian government being unable to meet the conditions of its latest bailout package agreed with the International Monetary Fund. The agreement requires...
Ruble bounce rare ray of sunshine for crisis-hit Russian economy
Moscow (AFP) – It’s been a torrid time of late for the Russian economy as the fallout from Ukraine and tumbling oil prices have plunged the country into financial crisis.But an unexpected recent rebound by the ruble has partially reversed months of pain for the nosediving national currency and fired hope among harried officials in...
New streaming apps could boost citizen journalism
Washington (AFP) – When three buildings collapsed and ignited a blaze in New York, a smartphone app brought the live video feed to anyone online wanting to watch.The disaster took place, coincidentally, the same day as the launch of Twitter’s new livestream app Periscope, which became a window for the breaking news event.The event...
Meet the ‘pocket army’ funded by sacked Ukrainian billionaire Igor Kolomoisky
Billionaire banking tycoon Igor Kolomoisky was appointed governor of Dnipropetrovsk Oblast, a region in the east of the country that includes Ukraine’s third-largest city, in March last year. He had one job: prevent the territory from falling into the hands of pro-Moscow rebels. Although he was a close ally of President Petro...
Russia ‘to join China-led development bank’
Moscow (AFP) – Russia is to sign up to the Chinese-led development bank AIIB, first deputy prime minister Igor Shuvalov said Saturday at an international forum in China, cited by Russian news agencies.”I’d like to inform you that Russian President Vladimir Putin has taken the decision that Russia will participate in the capital...
Soyuz spacecraft with Russian, US astronauts docks at ISS
Baikonur (Kazakhstan) (AFP) – A Russian Soyuz spacecraft with three crew on board successfully docked with the International Space Station after blasting off from Kazakhstan, NASA said.The Soyuz-TMA16M spacecraft’s crew included a US astronaut and a Russian cosmonaut who will be the first to spend an entire year on the orbiting...
Hurry Kane quickly off mark, Spain sink Ukraine
Paris (AFP) – Man of the moment Harry Kane scored just moments into his international debut to seal a 4-0 win for England against Lithuania at Wembley in Euro 2016 qualifying on Friday.The Tottenham Hotspur striker was called up by Roy Hodgson having scored 29 goals for his club this season, and he was brought on for captain Wayne Rooney in...
Russia is digging in its heels on its $3 billion loan to Ukraine
Russia will not negotiate delaying repayment over it’s $3 billion (£2 billion) loan to Ukraine that is due in December. Failure to agree on a restructuring of the debt could result in the Ukrainian government being unable to meet the conditions of its latest bailout package agreed with the International Monetary Fund. The agreement...
David Cameron sung a ditty to the audience at the Sky Debate during an advert break
Last night, 105 lucky voters were serenaded — literally — by David Cameron. Along with Ed Miliband, the Conservative Party leader was at the Sky studios in London, to be grilled by Jeremy Paxman and take questions from a studio audience ahead of the General Election in May. Tasked with keeping the audience entertained during an advert break, Sky...
