Russia creating ‘new global majority’ – Presidential hopeful to RT

Modern global politics can only be multipolar, Russian presidential hopeful Leonid Slutsky believes Russia is playing a crucial role in the emergence of the new multipolar world and has already become one of its centers of power, presidential hopeful Leonid Slutsky believes.

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Swiss bank rescue threatens Western bond market – Bloomberg

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Another EU state sliding into recession 

Sweden is heading for a mild recession after its GDP dropped by 0.8% in the second quarter compared to the first three months of the year, Statistics Sweden announced on Tuesday.  The economic downturn in the Nordic region’s largest economy is linked to reduced exports of goods and a decrease in inventories, which contributed negatively…

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