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Tuesday, December 30, 2014
A happy New Year for millions of Germans
As the New Year approaches, Berlin bakery worker Jessica Arendt is not just looking forward to the fireworks. In 2015, she says, “I'll be able to afford a few more things.”
Lithuania adopts euro to cement ties with the West
Lithuania hopes joining the eurozone on Jan. 1 will boost its security at a time of heightened anxiety over Russia, but many in the Baltic state fear the currency switch will also bring price hikes.
Monday, December 29, 2014
Ruble fall creates turbulence for Russian airlines
Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies.
Saturday, December 27, 2014
When Olga Savelyeva took out a US$226,000 mortgage to buy a small apartment on the outskirts of Moscow in 2008, she could never have imagined that the ruble would lose more than half its value in a few short years.
Hassan Ibrahim, both physically and mentally disabled, staggers on his weakened legs as he pushes two huge packs of contraband goods loaded on a wheelchair.
Friday, December 26, 2014
Expats eyeing exits after Russian ruble plunges
The plunge of the ruble hasn't left only Russians shell-shocked — foreign workers from traders to maids are considering bailing out as Moscow turns from an El Dorado into a financial black hole.
Italy's cabinet on Wednesday said the country's loss-making Ilva steel plant, one of the most polluting in Europe, would be nationalized for up to three years.
Thursday, December 25, 2014
Mass protests against new water taxes set to be introduced in Ireland from Jan. 1 have shown up deep wells of resentment after years of austerity, even as the economy rebounds.
Tuesday, December 23, 2014
Ruble to extend gains, gov't won't make cuts: deputy PM
A senior Russian minister said on Monday he's expecting the ruble to extend its recent gains and said the government is not planning to introduce currency controls on Russian companies.
Monday, December 22, 2014
For Russia's economy, worst is yet to come
Deep recession, skyrocketing prices and a fragile banking system: although the ruble seems to have stabilized after its abysmal drop this past week, Russia still faces the heavy consequences of the turbulence.
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