European companies now have the opportunity to settle trading accounts in Chinese yuan. The Bank of China in Frankfurt has become the first to operate European yuan clearing. Trading costs will be cut as there will be no dollar exchange first. More than 10 German regional and international banks including Deutsche Bank, Commerzbank, DZ Bank AG, and Landesbank Hessen-Thueringen Girozentrale, hav [...]

Settlements in yuan between China and Russia have increased ninefold in annual terms between January and September 2014, says the Chinese Ministry of Economic Development. "The settlement in national currencies between China and Russia in bilateral trade amounted to about 2 percent in 2013. [...]

The Russian ruble continued its fight back on Friday to move above 46 against the US dollar, as the price of Brent crude slid over the $80 per barrel threshold. The US dollar has fallen to 45.62 rubles Friday at 3PM Moscow time on the Moscow Exchange. The euro has fallen to 56.69 rubles. [...]

Ukrainian President Petro Poroshenko was heckled by protesters as he tried to pay tribute to the victims of the last year's Euromaidan riots in Kiev, which saw around 100 dead and led to a regime change in the country. “Shame on you!", “Who are your heroes, Poroshenko?” and “Down with Poroshenko!” people shouted as the president lit a candle at the memorial at Institutskaya Street in [...]

It's been a year since thousands of peaceful protesters took part in the initial Euromaidan rallies in Kiev, hoping for a brighter future. Since that optimistic start, the state has been torn to shreds and now its very future is in doubt. Ironically, Maidan was the cause, although it's probable that, eventually, Ukraine would have come to conflict by other means. [...]

A whole parking lot's worth of luxury Rolls Royces, Bentleys and Mercedes Benzes went up in flames in downtown Moscow in the early hours of morning. Their estimated worth was about $3.3 million... and they may all be owned by the same person. Arson is suspected at this time, according to authorities. [...]

Around 30 percent of the world's population is now obese, while 50 percent is expected to fall into the category by 2030. Meanwhile, 5 percent of global deaths each year are linked to the condition, creating a drag on the global economy. A new report by the McKinsey Global Institute (MGI) revealed the not-so-hidden cost of an increasingly sedentary population that has acquired a bad taste for f [...]

Formula 1 boss Bernie Ecclestone says "third world" Europe is finished and some British industrialists agree. However, the reality is far more complicated. It's not the continent that's finished - it's Europe's neoliberal elites who are in peril. Andy Street, the managing director of Britain’s prestigious retailer John Lewis claimed recently that France was “finished.” [...]

The Western and Kiev governments' commitment to resolve the Ukrainian conflict exists only in words, while their policies are aimed at the escalation of the crisis as the Minsk agreements are not respected, geopolitical analyst Eric Draitser told RT. RT: President Putin said at the G20 summit that the interests of all the people in Ukraine should be taken into account when solving the crisis. I [...]

Former Soviet President Mikhail Gorbachev has called the US president a 'lame duck.' Commenting on the recent G20 summit in Australia, Gorbachev said he was disappointed in Obama and that he 'thought better' of the American leader. "Obama is a lame duck. One must not finish the job in such a mediocre way. He just decided to throw accusations around. He will be of no avail any more, unfortunatel [...]

The West should not wait for Russia to solve the Ukraine crisis, but should instead try to influence the extreme policies of its "clients" in Kiev, Russian President Vladimir Putin told Hubert Seipel of the German channel ARD ahead of the G20 summit. Hubert Seipel: Good afternoon, Mr President. You are the only Russian President who has ever given a speech at the Bundestag. [...]

It's astounding that the EU and US don't realize that by limiting Russia's access to international capital, they're actually undermining the financial wellbeing of Ukraine, which is credited by Russian banks, Vladimir Putin told German TV channel ARD. The Russian President said that the country's banks "have currently extended a $25-billion loan to the Ukrainian economy.” [...]

CIS countries should unite in order to resist the vast media and sanction pressure from the West, which is aimed at hampering the integration in Eurasia, a Russian senator says. “Today the area of totalitarian manipulation of the media extends to the Eurasian integration. [...]

Vladimir Putin says the G20 must address global imbalances together, and economic isolation, especially in the case of sanctions, which not only leads nowhere but is a crude violation of international economic law. Here are the Russian president’s top takeaways he gave in an interview to TASS ahead of the G20 summit being held in Brisbane, Australia from November 14-15. [...]

Russia will make financial claims to France if the first of two Mistral helicopter carriers is not delivered by the end of November, an anonymous high-ranking source told RIA Novosti, adding that the sum of the forfeit will be revealed. "We are preparing for different scenarios. We are waiting until the end of the month [the fulfillment of Mistral deal], then we will make serious claims," the s [...]

The eurozone has huge problems and is holding back the global economy from growing, however the world in general is doing ok, Jim O'Neill, former chairman of Goldman Sachs Asset Management, told RT. Europe's had a hard time economically in the last few years, with 2014 seeing an especially sharp slowdown in growth. What's behind this poor performance? [...]

Doing away with the US dollar and switching to ruble and yuan payments will significantly increase Russia and China's say in energy and financial markets, Vladimir Putin has said, adding that the first deals are already underway. In short the President said the US dollar has no future, and that the ruble and the yuan have better long-term prospects. [...]

MEPs have defeated a European Commission proposal to prevent member states from banning genetically modified crops on health and/or environmental grounds. [...]

The Bank of Russia took another step towards a free float ruble by abolishing the dual currency soft peg, as well as automatic interventions. Before, the bank propped up the ruble when the exchange rate against the euro and dollar exceeded its boundaries. "Instead, we will intervene in the currency market at whichever moment and amount needed to decrease the speculative demand,” the bank’s [...]

The internet browser Mozilla is teaming up with Tor to give internet users greater security online. The new Polaris project is designed to combat internet censorship and make NSA like intrusion's a thing of the past. Edward Snowden’s revelations concerning the extent of the National Security Agency’s spying on the general public, hit computer and internet enthusiasts hard. A poll conducted [...]

Twenty-five years after that embodiment of the Cold War, the Berlin Wall, was torn down by ecstatic Germans, the world observes the anniversary as it rushes headlong towards a new confrontation. As the celebration unfolds in Berlin to rejoice in a unified country – and to some extent a unified world – some of the people who shaped the events two-and-a-half decades ago approach the date in a [...]

25 years ago, Hungary was being toasted in the West for opening its border with Austria to East Germans, in a move which led to the fall of the Berlin Wall. Now the Western elites are not happy with Budapest which they consider far too independent. The refusal of Prime Minister Viktor Orban and his ruling Fidesz party to join the new US and EU Cold War against Russia, which has seen the Hungari [...]