US Treasury weighs in on recession prospects

Secretary Janet Yellen says that despite serious issues, a recession is not certain at this point A full recession in the US is not “at all inevitable” despite an economy that is slowing down, Treasury Secretary Janet Yellen claimed on ABC’s This Week program on Sunday.

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Time to ‘kill’ SWIFT – top banker

Moscow and its trade partners should switch to transactions in national currencies, Andrey Kostin believes Russia should abandon the use of the Western-controlled global financial messaging system SWIFT, the head of Russia’s second-largest bank has argued.

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Drunk US soldier kills boy in Italy

The American airwoman hit the 15-year-old while driving four times over the legal blood alcohol limit Julia Bravo – the 20-year-old American airwoman who hit 15-year-old Giovanni Zanier with her car while driving drunk in Porcia – must stand trial in Italy and not be sent back to the US, the child’s mother, Barbara Scandella,…

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