Juncker wants EU army to stop growing Russian aggression March 9, 2015 PRESIDENT of the EU Commission Jean-Claude Juncker has called for an EU army, in order to counter growing aggression from Russia. Juncker said: “With its own army, Europe could react more credibly to the threat to peace in a member state or in a neighbouring state.” The EU currently has some battle groups, which act [...]
The Germans want an EU army, but Britain is against it March 8, 2015 Jean-Claude Junker has called for the creation of an EU army, saying it would help the bloc be taken more seriously across the world. The President of the European Commission believes it will deter threats from Russia, which have escalated since the start of the Ukraine crisis. "With its own army, Europe could react [...]
Boris Nemtsov murder: Two arrested say Russian authorities March 7, 2015 Russia has announced that two men have been arrested in connection with the murder of politician Boris Nemtsov. Alexander Bortnikov, the head of the Federal Security Service (FSB), announced on Russian television that Anzor Gubashev and Zaur Dadayev were arrested this Saturday. Russia has been in a state of shock since the opposition politician was [...]
Russian president Vladimir Putin just took a 10 per cent pay cut March 6, 2015 What better sign that a leader understands the struggles of his people than by taking a big pay cut? Vladimir Putin has announced he will take a 10 per cent pay cut between the beginning of this month and the end of December. The Russian President said the pay cut will apply to other senior [...]
Interactive: Why Britain should think before freezing its defence budget March 6, 2015 As the engines of Russian bombers rumble above the English channel, the government could be about to freeze defence spending. Sources inside the treasury told The Times the move, said to be possible after the election, has stirred the Tory ranks and spawned whispers of a rebellion. The UK currently spends 2.07 per cent of [...]
Adidas profits take a hit from Russian currency fluctuation March 5, 2015 The figures Adidas group revenue grew six per cent on a constant currency basis in the fourth quarter of 2014, largely driven by retail growth of 20 per cent, while wholesale was up a more tempered five per cent. The German firm's TaylorMade Golf brand suffered a 28 per cent decline in sales. North America, [...]
UK manufacturing sector picking up steam March 2, 2015 The speed at which the UK’s manufacturing sector is expanding reached a seven-month high in January, new survey data show. The manufacturing purchasing managers’ index (PMI) – a survey of private sector firms – rose to a score of 54.1 in February from January’s 53.1, according to figures released yesterday. Any figure above 50 [...]
Mikhail Fridman and LetterOne fund attack UK government attempt to block North Sea oil and gas fields deal March 2, 2015 Russian oligarch Mikhail Fridman has issued a stinging attack on the government over its attempts to block a deal which would see his fund LetterOne take ownership of North Sea oil and gas fields. A letter to the UK government called the decision “not rational” and criticised its last minute decision just days before the [...]
UK fails to stop RWE Dea North Sea oil sale to Russian billionaire Mikhail Fridman March 1, 2015 The UK government could face legal action if it attempts to interfere with a Russian billionaire’s bid for several North Sea energy assets. An investment vehicle called Letter One, which is owned by Russian tycoon Mikhail Fridman, is buying German oil company RWE Dea in a €5.1bn (£3.7bn) deal expected to be closed today. RWE [...]
Russians protest death of Kremlin critic March 1, 2015 TENS of thousands of Russians marched through central Moscow yesterday, carrying banners declaring “I am not afraid” and chanting “Russia without Putin” in memory of murdered Kremlin critic Boris Nemtsov. Families, the old and young walked slowly, with many holding portraits of the opposition politician and former deputy prime minister who was shot dead on [...]