Section: Business Insider (USA)
Ukraine Prime Minister: There Has Been An Accident At A Ukraine Nuclear Plant
Ukrainian Prime Minister Arseny Yatseniuk said on Wednesday that there has been an accident at a nuclear plant in southeastern Ukraine, Reuters reports. The incident happened in Zaporozhye. He has instructed the new energy minister to call news conference. Ukraine voted on a new government on Tuesday night. Under President Petro Poroshenko and...
Kalashnikov fight Russia sanctions with fashion line
Moscow (AFP) – The makers of Russia’s iconic AK-47 assault rifle are moving into fashion to get around Western sanctions on its weapons.At a flashy event in Moscow on Tuesday, Kalashnikov Concern unveiled a new look and a new red-and-black K-shaped logo as guests were handed empty AK bullet magazines.The arms producer was one of the...
EU eyes new energy sources after Russia shelves gas pipeline
Brussels (AFP) – Europe played down Tuesday an angry Russia’s shelving of the multi-billion-dollar South Stream gas pipeline project, saying it merely reinforced the need to find other energy sources amid the crisis in Ukraine.President Vladimir Putin unexpectedly announced during a visit to Turkey on Monday that he was closing the...
Ashton Carter likely next US defense secretary: report
Washington (AFP) – The former number-two ranking official at the Pentagon, Ashton Carter, likely will be named as the next US defense secretary, CNN reported Tuesday.President Barack Obama was poised to name Carter to replace outgoing Pentagon chief Chuck Hagel, “barring any last minute complications,” CNN reported, citing...
Russia’s Brain Drain Is Astounding
Russia is experiencing another major brain drain. Although emigration was continuously decreasing from 1997 to 2011, there was a sudden spike in people leaving the country around the third term of President Vladimir Putin, according to Rosstat, Russia’s federal state statistics service. In 2012, almost 123,000 people left, and in 2013, more...
Russia predicts recession in 2015 on sanctions, oil slump
Moscow (AFP) – The Russian economy ministry on Tuesday slashed its economic forecast for 2015, announcing a contraction of 0.8 percent due to the pressure of Western sanctions over the Ukraine crisis combined with falling oil prices.The ministry cut its previous outlook of 1.2 percent growth by two percentage points, referring to worsening...
Ceasefire at Donetsk airport in east Ukraine agreed: rebel leader
Donetsk (Ukraine) (AFP) – Ukraine and pro-Russian separatist leaders on Tuesday agreed a truce around the airport in the eastern rebel stronghold of Donetsk that has been the focus of fighting for months.”Today, we reached an agreement to halt fire at 6:00 pm Moscow time (1500 GMT) around Donetsk airport,” the self-declared...
Drone Footage Captures Haunting Image Of Ukrainian Town Evacuated After The Chernobyl Disaster
New drone footage paints a harrowing picture of the Chernobyl Exclusion Zone, close to 30 years after one of the world’s worst nuclear disasters. The images give an insight into the decaying Ukrainian city of Pripyat, which has remained completely cut off since the city was engulfed in flames after the Chernobyl Nuclear Power Plant exploded...
10 Things You Need To Know Before The Opening Bell (DIA, SPY, SPX, QQQ, GM)
Good morning! Here are 10 of the biggest stories you should hear about before markets open in the US. Russia Is Heading Into Recession. Deputy Economy Minister Alexei Vedev has warned that Russia is likely to enter its first recession since 2009. The Economy Ministry downgraded its forecast for 2015 growth to -0.8% from +1.2%. This comes amid...
Russia’s Economy Has Shrunk So Much It’s Now Almost The Same Size As Spain
The decline in the price of oil, Western economic sanctions against the nation following its invasion of Ukraine, and the collapse of the Russian rouble that resulted, has decimated Russia’s economy. Now Russian GDP has shrunk so much it is no longer the world’s eighth largest economic power, according to The Telegraph. Instead,...
