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 [...]

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. [...]

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. [...]

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.” [...]

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. [...]

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. [...]

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 [...]

The EU won't provide any new funds for Ukraine to pay off its gas debt to Russia, and Moscow has no guarantees should Kiev use agreed funding elsewhere, said the EU Energy Commissioner's spokeswoman Marlene Holzner. The European Commission is allocating €760 million ($954 million) of financial aid to Ukraine earlier than scheduled to help it pay for gas deliveries, said Mrs. Holzner on Friday [...]

Hope is a strange beast. Without it life becomes devoid of meaning. Without meaning, existence becomes a chore. Europe's youth lack hope, as an entire generation become victims of political ineptitude and older leaders who simply don't seem to care. Generational struggles have always existed, and angry kids decorated them. From James Dean’s red-jacketed firebrand in ‘Rebel Without a Cause� [...]

Moscow never put Kiev's right to develop closer ties with the EU into doubt, it only wanted to escape risks that Ukraine's economic integration into the European Union might have brought about, Russian Foreign Minister Sergey Lavrov said. “I stress this: we never questioned Ukraine’s right to develop partnership with the EU,” Lavrov told the Verdens Gang (VG) Norwegian newspaper, when he [...]

Tens of thousands of people are flooding the streets of cities all over Europe on Saturday in mass rallies against a controversial trade agreement between the US and the EU. Talks on the pact, called the Transatlantic Trade and Investment Partnership (TTIP), started last February and, having been mostly held behind closed doors, have raised widespread concerns in the European Union and beyond. [...]

The Ukrainian economy, weakened by war, needs additional funding from sources beyond the International Monetary Fund (IMF) to stay afloat, the fund's head Christine Lagarde has said. The IMF’s December estimate of the cash needed has turned out to be insufficient following the continued conflict in the country. [...]

Leaders of Russia, Kazakhstan, Belarus and Armenia have signed a treaty that will make Erevan a new member of the Eurasian Economic Union, a free trade zone made up of former Soviet states to rival the European Union. The deal was signed Friday at the summit of the Eurasian Economic Union in Minsk. [...]

Activists will rally in Westminster on Saturday as part of a Europe-wide protest against the Transatlantic Trade and Investment Partnership (TTIP), which critics say will eradicate public services including the NHS and the BBC. More than 1,000 people are expected to march against the treaty in London over the weekend, with many more holding demonstrations in UK cities and throughout Europe. [...]

The US goal in the Ukrainian conflict is to put up a dividing line between NATO states and Russia and create the Transatlantic political, economic and military community, John Laughland of the Institute of Democracy and Cooperation in Paris told RT. US Vice President Joe Biden in his speech to Harvard University's Institute of Politics last week admitted that the US government pushed the EU to [...]

Russian President Vladimir Putin has signed a law ratifying a historic treaty, committing Russia to an economic union with Belarus and Kazakhstan. The Eurasian Economic Union will come into effect in January 2015. Putin’s signature in the document puts the final dot in Russia’s ratification of the union which will be in place on January 1, 2015, as the other union states are expected to com [...]

Prostitution, drug trafficking and other illegal activities have finally been included in Spain's gross domestic product, boosting it by 9 billion euros according to the latest statistics. Latest data from the National Statistics Institute (INE) reveals the drug trade, prostitution, illegal weapon sales and gambling contributed some €9 billion, or 0.87 percent of country’s total GDP in 2013 [...]

An independent Flanders with Brussels as its capital will be best for the Flemish people who represent 60 percent of the Belgium population, and provide 80 percent of its economy, Flemish MP Tom van Grieken told RT. Following in the footsteps of Scotland, Veneto in Italy and Catalonia in Spain, and Belgium’s Flemish region may become the next to hold a referendum on independence. [...]

When you think of how happy people in a whole country are, what do you take into account? True, country well-being and perception of own happiness depend greatly on the economic situation. But it's Panama that tops Gallup's Global Well-being Index. The Gallup-Healthways index, released for the year 2013, puts the Latin American country at number one, with war-torn Syria and Afghanistan coming i [...]

Westminster party leaders have signed a joint pledge promising “extensive new powers” for the Scottish parliament if voters reject independence in Thursday’s referendum. Prime Minister David Cameron, Deputy Prime Minister Nick Clegg and Labour party leader Ed Miliband offered their pledge in a letter published on the front page of Scotland’s Daily Record newspaper on Tuesday. [...]