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Russia seek import ban on ex-Soviet nations associating with EU

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A nationalist party MP is suggesting the Russian government introduce more restrictions on food imports, covering nations that have an association agreement with the EU, including Ukraine, Moldova and Georgia. Roman Khudyakov of the Liberal Democratic Party caucus of the State Duma has said that, since the association agreement with the European Union prepares... 

We don’t need permission to trade with Russia – Ecuador

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Ecuador doesn’t need anybody’s permission to export agricultural products to Russia, which now has a big gap that needs to be filled after it banned supplies from a number of western countries, said President Rafael Correa. “I want to immediately say that we don’t need to get anybody’s permission to sell products to friendly countries: as far as we... 

US company may face terrorism charges in Argentina

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The government of Argentina is ready to use an anti-terrorism law to seek criminal charges against a US-based international printing company, which unexpectedly closed its plant on the outskirts of Buenos Aires. Workers of RR Donnelley in the Argentinian capital came to work on Monday to be informed of the plant’s closure due to an “insurmountable crisis,”... 

EU infighting over Russia sanctions retaliation

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There is growing dissent in the EU over policies that led to a de fact trade war with Russia. Meanwhile the countries not toeing the line are reaping the benefits, irritating those who jumped on the sanctions bandwagon. Greek members of the European Parliament demanded Sunday that the EU cancel sanctions against Russia. MEPs Kostantinos Papadakis and Sotiris... 

Australia to impose tougher sanctions on Russia

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Australia says it is planning to impose tougher sanctions on Russia after Moscow announced food bans that will affect Australian food makers. “We are working towards stronger sanctions” against Russia, Australian Prime Minister Tony Abbott said on Friday. Abbott also warned Russia’s President Vladimir Putin to pull back Russian troops from the... 

Argentina economy not in default – Economy Minister

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Argentina’s Economy Minister Axel Kicillof says his country is not in default amid an ongoing debt row with US hedge funds. Ratings agency Fitch declared Argentina in “restrictive default” on Thursday after Buenos Aires failed to clinch a deal with representatives from the funds. Kicillof, however, said his country has not defaulted and that the Argentinean... 

India Shocks World, Joins Russia Against Obama Regime

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A new report prepared by the Ministry of Foreign Affairs (MoFA) circulating in the Kremlin states that India’s veto earlier today of a landmark World Trade Organization (WTO) treaty has “shocked the world” and could very well lead to the entire collapse of this Western led global organization that for past 66 years has, in essence, economically destroyed... 

Argentina placed into ‘default’ rating as debt deal deadline expires

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Argentina’s credit rating was downgraded to “selective default” by Standard & Poor’s as the South American country missed Wednesday’s deadline for a grace period during ongoing negotiations with holdout debt holders. Wednesday is the cutoff for Argentina to make good on a $539 million payment to bondholders, which was placed on hold by US judge... 

Italy’s unemployment at critical rate

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A recent study has shown that less than one out of two working-age Italians held a job last year, amid a decade-long employment crisis, Press TV reports. The study conducted by Bruno Trentin Association, linked to the Italian General Confederation of Labour (CGIL), found that Italy’s employment rate stood at almost 49 percent in 2013. The report also found... 

Microsoft to cut 18K jobs worldwide

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The US software giant Microsoft has announced plans to slash 18,000 jobs from its global workforce in 2015, the largest cuts in the company’s 39-year history. In a statement on Thursday, the company described the shakeup as part of its strategy to streamline business under new CEO Satya Nadella. Layoffs represent about 14 percent of the company’s workforce... 

Bulgaria’s Prime Minister resigns as banking crisis unfolds

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The Prime Minister of Bulgaria Plamen Oresharski has resigned his post. His decision came after accusations by opponents of failing to cope with the worst banking crisis in 17 years. The decision was supported by 180 lawmakers in the parliament, only 8 voted against, and 8 abstained, reports Bloomberg. The Oresharski government lasted for only 16 months of... 

Russia to introduce new ‘solidarity’ tax on rich

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State Duma deputies want to levy an additional tax on people with high personal incomes in order to finance the development of the new federation areas of Sevastopol and Crimea. The motion has been prepared by a group of MPs led by the Andrey Krutov of the center-left Fair Russia party. At the moment the group is completing consultations with legal experts... 

European Union agrees on tougher Russia sanctions

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European Union (EU) foreign ministers have agreed on imposing tougher sanctions against Russian entities and individuals nearly one week after the downing of a Malaysian Airlines plane in Ukraine. On Wednesday, the ministers agreed to draft a new list of Russian entities and individuals by July 24 to be added to the 63 names already targeted by sanctions. The... 

UK to seek tighter bans on Russia

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The UK will tighten sanctions against Russia if Moscow does not help in investigating a Malaysian airliner crash in Ukraine, British Foreign Secretary Philip Hammond said. On July 17, Malaysian Airline flight MH17, which was travelling to Kuala Lumpur from Amsterdam, crashed, killing all 298 people on board. There is speculation that the Boeing 777 was shot... 

Japan child poverty rate hits record high

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A boy sifting through floating garbage as he collects recyclable items to sell. A new report shows that child poverty in Japan is at its highest level in the last three decades as critics rap Tokyo for failing to address the crisis. The child poverty rate increased to over 16 percent in 2012, Japan’s Welfare Ministry said in a report published on Tuesday. The... 
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