Russia has increased its reserve fund used for emergency spending by 551.4 billion rubles ($9.5 billion), the government said on Thursday. “The funds will be used in part to implement measures aimed at ensuring the stability of economic development in the conditions of external constraints,” the government said, referring to Western sanctions placed on Russia…
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Britain subjected its multi-billion-pound aid programs to US military goals and got mired in corruption and criminality, a report claims Despite spending almost £3.5 billion ($4.23 bn) in aid over two decades on building a functional state in Afghanistan, Britain mostly failed to achieve its goals, a government watchdog said in a damning report. A…
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Major Western economies should expect a significant growth slowdown, according to investment firm PIMCO The US will “more likely than not” fall into recession within the next 12 months, Reuters reported on Thursday, citing Andrew Balls, CIO of US-based investment management firm PIMCO.
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