The American fast-food giant witnessed a sharp decline in global profits in August, hit by the closure of its restaurants across Russia and a "rotten meat" scandal in China. McDonald’s earnings slid with stores open at least 13 months taking a worse-than-expected hit in August, falling 3.7 percent, the Oak Brook, Illinois-based hamburger chain said in astatementon Wednesday. This is the bigge [...]

A group of high-profile trade unions have backed a growing campaign opposed to a new transatlantic trade deal critics claim will make the privatization of Britain's National Health Service (NHS) irreversible. Three of the UK’s largest unions have tendered motions to the Trade Union Congress (TUC) in Liverpool, outlining their opposition to the cross-border agreement currently being negotiated [...]

Printable solar panels are going to be available to us very soon and could power "entire skyscrapers," Australian researchers say. The very near future will see personal electronic charging transformed, but the potential is growing quickly. A team of 50 scientists in various fields worked for years to develop paper-thin, printable solar panels as part of the Victorian Organic Solar Cell Consort [...]

Reddit, Netflix, Foursquare, Mozilla, Vimeo, and Wordpress are backing the ‘Internet Slowdown’ protest against proposed US regulations that would segregate internet surfing speeds and kill “net neutrality.” The September 10 protest features a revolving icon – symbolizing slow connectivity – illustrating how losing net neutrality would harm websites and other online services. [...]

Russian Prime Minister Dmitry Medvedev has said the state-owned oil giant Rosneft could receive more than $40 billion in financial aid from the Russian government. The country’s largest crude producer may receive up to $40.6 billion (1.5 trillion rubles) in assistance from Russia’s National Welfare Fund. [...]

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy's foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina's President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping during hisLatin America tour- shortly before t [...]

Arms firms that provide core military components for drones deployed by the US to conduct covert strikes in violation of international law allegedly bought access to NATO's summit in Wales last week, a British human rights charity says. The defense companies concerned doled out up to £300,000 to ‘exhibit’ their military wares at the conference in Newport. Among the firms present were Gener [...]

America – its government, businesses, and people – are nearly $60 trillion in debt, according to the latest economic data from the St. Louis Federal Reserve. And private debt – not government borrowing – is the biggest reason for the huge deficit. Total US debt at the end of the first quarter of 2014, on March 31 totaled almost $59.4 trillion – up nearly $500 billion from the end of t [...]

The widening gap between America's richest and the middle and working classes is unsustainable and is unlikely to improve a survey released on Monday by the Harvard Business School has found. The study which is called “an economy doing half its job” said that while large American companies were showing signs of recovery and were maintaining their competitive edge on the world stage, many mi [...]

The cost of decommissioning Britain's nuclear sites, and particularly the Sellafield complex, has increased by billions of pounds with both regulators and the government being accused of incompetence by anti-nuclear campaigners and union leaders. The estimated cost of decommissioning the UK’s nuclear legacy over the next century has rocketed from £63.8 billion ($104.1 billion) two years ago [...]

We are at the beginning of an epoch where at some point in the future there could be an open war between the advanced powers, and there is not much faith in the ceasefire in Ukraine, Samir Dathi, National Officer of the Stop the War Coalition, told RT. Ukraine's President is confident about a ceasefire - do you think he's right to be? [...]

Nearly 500 protesters were arrested in three dozen US cities on Thursday as fast-food workers and supporters staged sit-ins and acts of civil disobedience nationwide to call attention to their low wages and lack of union representation. Organizers of the strike said that, all told, actions at fast-food restaurants occurred at about 150 cities nationwide, from Manhattan’s Times Square to Littl [...]

The European Central Bank unexpectedly cut interest rates to 0.05% from 0.15% in a strong response to combat deflation. The move comes as the EU is struggling to boost its stagnating economy, which Draghi. “Growth recovery was losing momentum,” ECB President Mario Draghi said at the news conference after the announcement was made to cut rates further. [...]

A federal judge on Thursday said oil giant BP acted with gross negligence ahead of the catastrophic 2010 spill in the Gulf of Mexico, paving the way for the corporation to pay perhaps billions of dollars in fines. “BP’s conduct was reckless,” United States District Judge Carl Barbier wrote in a decision handed down early Thursday from a federal courthouse in Louisiana. [...]

PRAGUE — Andriy Kobolyev, 36, faces the daunting task of keeping Ukraine warm this winter. With tensions rising daily between Russia and Ukraine, Kobolyev, chief executive officer of Ukraine's state gas company Naftogaz, must try to negotiate a continued flow of gas from its Russian supplier Gazprom, weed out graft and corruption, and find alternative supplies from the European Union. Perhaps [...]

Canadian honey producers have filed a class-action lawsuit against Bayer and Syngenta to recover losses dating as far back as 2006, claiming that neonicotinoids they produce and sell are killing bees and cause massive material damage. The lawsuit, filed on behalf of all Canadian beekeepers by honey producers Sun Parlor Honey Ltd. and Munro Honey alleges that Bayer Cropscience Inc. and Syngenta [...]

Moscow's 15-month marathon of energy deals with China will boost the credit of Russian oil and gas companies and reduce Russia's reliance on European energy markets, Moody's Ratings Agency said in a note. Russia’s oil majors- Rosneft, Gazprom, and Novatek have all struck major deals with Chinese partners, which provide long-term financial stability for the companies, which are at risk of West [...]

The European Union may ban the "re-selling" of gas and limit industrial use as part of a contingency plan to create a stockpile for next winter, in case Russian gas stops flowing through Ukraine, according to a European Commission source. Foreseeing a possible halt in supplies over the political standoff between Russia and Ukraine, Europe has an emergency plan to stock up on energy supplies, th [...]

The Australian government on Monday unveiled further sanctions against Russian oil and gas, financial and defense sectors, bringing Canberra in line with the European Union. Under the new sanctions there will be no new arms exports and no new exports for the oil and gas industry, Prime Minister Tony Abbott told the Australian parliament. [...]

As one of the preconditions to authorizing close to $300 million in aid, the United States is pressuring El Salvador to purchase genetically modified seeds from Monsanto instead of non-GM seeds from local farmers. According to Sustainable Pulse, a website covering developments related to genetically modified organisms and sustainable agriculture, the US will reportedly withhold $277 million in [...]

Ukraine's bid for closer ties with the west could come at a cost. With the IMF set to loan the country $17 billion, the deal could also see GMO crops grown in some of the most fertile lands on the continent, warns Frederic Mousseau. Very few, not least the Ukrainian population are aware of these details, but according to Mousseau, who is a Policy Director at The Oakland Institute, in return for [...]

Russian gas sector should not be subjected to EU sanctions despite the situation in Ukraine, EU Energy Commissioner Gunther Oettinger said Thursday. "Gas is not a suitable sector for sanctions, as in this case everyone will lose - Russia, Ukraine and the European Union," RIA Novosti cites Oettinger as saying. [...]