Section: Business Insider (USA)
The successor of the KGB is reportedly stalling a huge deal involving US oil giant Schlumberger
The FSB is stalling the US oil-services giant Schlumberger’s latest deal. Back in January, Schlumberger announced that it agreed to acquire a minority stake in Russia’s Eurasia Drilling Company, the largest provider of onshore drilling services in Russia, for $1.7 billion. But the FSB — the successor of the KGB — is reportedly holding...
And you thought wages in America were bad …
It’s no secret that the US has seen disappointing wage growth over the last few months. Wage growth hit a record low for the second quarter, according to the employment cost index, released by the Bureau of Labor statistics earlier this month. Wages grew by a mere 0.2% — the smallest quarterly gain since 1982 when the series began. And...
Ukrainian filmmaker sentenced to 20 years in Russia
ROSTOV-ON-DON, Russia (AP) — A Russian court has convicted a Ukrainian filmmaker of conspiracy to commit terror attacks and sentenced him to 20 years in prison.The court in the southern city of Rostov-on-Don said Tuesday that Oleg Sentsov had set up a terror cell in the Crimean Peninsula and was plotting attacks.Sentsov, a Crimean native, was a...
Family feud? Obama caught between Clinton, Biden ambitions
WASHINGTON (AP) — President Barack Obama is the man in the middle, caught between the White House aspirations of two of his closest advisers: Vice President Joe Biden and former Secretary of State Hillary Rodham Clinton.For months, White House officials expected Clinton to be the Democratic nominee in the 2016 election. Some of Obama’s top...
China-spurred market turbulence to hit global growth: analysts
Washington (AFP) – Another bout of unnerving global panic-selling erupted Monday, with some markets recording their largest one-week losses since 2008, raising fresh worries over the strength of the global economy and yet another financial crisis.While analysts said a repeat of the 1997 or 2008 crashes was not in the cards — mainly...
Air Force deploying F-22 fighter jet to Europe
WASHINGTON (AP) — Air Force officials say they will soon be deploying stealthy, high-tech F-22 fighter jets to Europe to train with other nations’ militaries and reassure allies worried about Russian aggression.Air Force Chief of Staff Gen. Mark A. Welsh says allies in Europe have advanced aircraft and they want to be able to train...
Ukraine vows to increase troops to fend off rebel attacks
KIEV, Ukraine (AP) — Ukraine’s president vowed to increase troop numbers to fend off attacks by Russia-backed separatist rebels and warned his countrymen that there is still the threat of a “large-scale invasion,” in an impassioned speech to mark Independence Day on Monday.Speaking during a military parade, President Petro...
Hollande, Merkel to discuss EU migrant crisis, Ukraine unrest
Berlin (AFP) – German Chancellor Angela Merkel and French President Francois Hollande will meet in Berlin on Monday to give a new push to European efforts to tackle the biggest migrant crisis in 50 years.The pair will also hold talks on the resurgence of violence in Ukraine and will be joined by that country’s president Petro...
‘Brothel’ cabarets thrive in breakaway Cyprus statelet
Nicosia (AFP) – A white stretch limousine pulls up outside a northern Nicosia hospital to drop off cabaret girls for their monthly HIV test, in a breakaway statelet where officially prostitution is illegal.Clubs with names such as Sexy Lady, Harem and Lipstick leave little to the imagination, with 50 of them in the so-called Turkish...
Emerging economies let currencies slide to stay competitive
London (AFP) – The world’s emerging economies are allowing their currencies to slide in a quest to remain competitive, following China’s devaluation of the yuan and the dollar’s strength in anticipation of US rate hikes.The currencies of emerging nations in Asia have especially suffered in recent weeks from market...
