Section: Business Insider (USA)
Russia’s Economic Crisis Has Officially Arrived
The Russian economy will take a long time to recover. It badly needs structural reforms that it is unlikely to get JUDGING by the lack of economic news in Russia’s media, a crisis has arrived. Just as in Soviet days, state television does not report facts, it conceals them. The official picture is dominated by the war in Ukraine (fuelled by...
Ukraine says tank offensive pushing rebels from airport
Donetsk (Ukraine) (AFP) – Ukraine rushed tanks to the front lines and claimed Sunday to have cleared pro-Russian rebels from most of Donetsk airport after days of intense fighting, with heavy shelling shaking the key eastern city.As fighting wracked the country’s war-torn east, thousands of people held a common prayer and peace march...
What The World’s Armies Eat
One of the biggest challenges facing any military is providing each soldier with a lightweight, self-contained, high-calorie meal inside of a combat zone. These individual field rations called “Meal Ready-to-Eat”(MRE) or “kitchens in a box” are designed to give service members well-balanced meals that can last them an...
Russia’s Net Outflows Hit The Highest Level Ever
Net capital outflows from Russia were at the highest level ever in 2014. Net outflows by companies and banks reached $151.5 billion in 2014, more than two times as much as in 2013, according to the Russian Central Bank. The last time the level of outflows were around these levels was during the global financial crisis in 2008 — at $133.6 billion....
Russians keep calm and shop on in face of rising prices
Moscow (AFP) – For shoppers like pensioner Tatiana Ivanovna buying their weekly groceries in a Moscow supermarket, these are increasingly tough times.Fuelled by a double whammy of a plummeting ruble and the embargoes Russia slapped on many Western products in retaliation for sanctions over the Ukraine crisis, inflation is soaring. Prices on...
America Is In The Middle Of A New Cold War
In this excerpt from The Russia-China Axis: The New Cold War And America’s Crisis Of Leadership authors Douglas E. Schoen and Melik Kaylan argue that only a rebirth of American global leadership can combat the growing threat from the Russian-Chinese axis. It was a dramatic, even spellbinding, scene. A Russian honor guard stood at attention...
Explosions rock east Ukraine airport as battle intensifies
Donetsk (Ukraine) (AFP) – Clashes between Ukraine’s army and pro-Russian rebels for control of a battered airport intensified Saturday, with explosions and heavy gunfire shaking the area throughout much of the day and at least six more people killed.The battle for Donetsk airport in eastern Ukraine saw Kiev rush reinforcements to the...
Moody’s cuts Russia debt rating one notch
Washington (AFP) – Moody’s cut Russia’s credit rating to one step above junk level Friday and warned the country was under review for a further downgrade.Moody’s said that the plunge in oil prices and in the ruble would further erode Russia’s economic growth potential and that it had concerns about the...
Rich Women Are Younger And Better Educated Than Their Male Counterparts
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Rich Women Are Younger And Better Educated Than Their Male Counterparts (Financial Advisor Magazine) High-income women — those with $200,000 or more in household income — are younger and better-educated than male affluent...
Russia Threatens Ukraine With Forced Default Over $3 Billion Loan
Russia is threatening to call in its $3 billion loan to Ukraine early in a move that could push the war-torn country into default. Last week Russian Finance Minister Anton Siluanov announced that Ukraine had breached the terms on the loan that was agreed between Moscow and then Ukrainian President Viktor Yanukovych, who fled the country following...
