RUSSIA

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China Gaining Upper Hand in Friendship with Russia

China is gaining the upper hand in its much vaunted friendship with Russia due to Beijing's shift away from relying on Moscow for advanced weapons and deep problems with energy cooperation, a report released on Monday said.

U.N. Aviation Body Meeting Opposes EU Carbon Plan - India

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European Union (EU) plans to put a charge on carbon emissions from airlines are discriminatory and inconsistent with global laws, a meeting of a UN aviation body and non-EU member nations has agreed, an Indian government statement said on Friday.

Central Banks' Gold Buying Helps Lift Gold Prices

Gold pellets
Central banks' gold buying is lifting the price of the precious metal in a trend that analysts expect to continue even if widespread predictions of a price rise to $2,000 by year-end comes true.
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Syrians living in Jordan shout slogans against Syrian President Bashar al-Assad after morning prayers on the first day of Eid Al-Fitr outside the Syrian embassy in Amman

Syria News Update: Assassinations and Sanctions

In Syria, anti-government protesters continue undeterred as President Bashar al-Assad intensifies his forceful crackdown against demonstrations. Over the last five days, at least 76 people have been killed in the northern cities of Homs and Hama and in the southern Daraa region, according to activist reports.
Putin and Kudrin

Putin's Finance Minister Quits Over Leadership Shake-up

Russian Prime Minister Vladimir Putin's proclamation that he will again run for President has angered his longtime Finance Minister, Alexei Kudrin. On Saturday, Kudrin responded by saying that Putin's decision will not allow me to be a part of the new government.
BRIC

BRICS Struggle Again to Act Together

A group of five leading emerging economies that has banded together to increase their global clout is again struggling to find common ground.
U.S. and Global Economies

G-20: Globalization's Two-Edged Sword

Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.
Russian Prime Minister Vladimir Putin

Vladimir Putin to Run for 2012 Presidential Election in Russia

Ending the ongoing speculations in Russia over the next presidential candidate from the ruling United Russia party, Russian Prime Minister Vladimir Putin on Saturday accepted President Dmitry Medvedev's proposal to stand for president in March 2012.
Greece could trigger global banking crisis: Canada

Greece could trigger global banking crisis: Canada

A global banking crisis will erupt unless Europe properly deals with Greece's debt problems, Finance Minister Jim Flaherty said on Wednesday, notably hardening his criticism of European authorities.
U.S Stocks

Oil Prices and GE: 2 Quick Reads on the U.S. Economy

Don't have the time to pour over U.S. economic data and related reports? Well, for a quick-read on the U.S. economy, monitor the price of oil and General Electric's (GE) stock price.
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BRICS to Consider Euro Bonds Plan: South Africa's Gordhan

A meeting of emerging economies on Thursday will consider a Brazilian proposal to buy European bonds to help crisis-hit euro zone countries, South Africa's Finance Minister Pravin Gordhan said on Wednesday.

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