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NATO needs enemies to justify its existence – Russia

The bloc’s ongoing expansion is motivated by a desire to manufacture confrontation, a senior diplomat claims Having an enemy to fight against is essential for NATO’s survival, Russian Deputy Foreign Minister Alexander Grushko has claimed.

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EU country sees record jump in food costs

Food inflation in Finland saw the biggest year-on-year increase of 15.7% last month, TASS reported on Monday, citing the latest data released by the country’s statistics center. The price surge, which is reportedly the steepest since Finland joined the European Union 27 years ago, has been attributed to “a rise of prices for fertilizers and…

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Chinese real estate stocks rally on bailout plan

Regulators have revealed financial measures that would help the sector avoid a credit crunch Chinese property stocks and bonds rose sharply on Monday as banking regulators revealed a 16-step support package for the indebted sector.

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