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Business and Finance news from around the world, including Energy, Corporate and Economic news



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Germany: Parliament Approves Greek Bailout Extension

(EurActiv) — Germany’s parliament approved an extension of Greece’s bailout on Friday after Finance Minister Wolfgang Schauble, who has voiced doubts about whether Athens can be trusted, promised it would not be allowed to “blackmail” its euro zone partners. With 542 lawmakers voting in favour, including almost all of Chancellor Angela Merkel’s right-left coalition plus […]

Moscow International Business Center. Photo by Dmitry97ken, Wikipedia Commons.
Moscow International Business Center. Photo by Dmitry97ken, Wikipedia Commons.


Russia’s Economy: Sanctions, Bailouts And Austerity – Analysis

By Chris Miller* The news about Russia’s economy keeps getting worse. The IMF predicts that the country’s GDP will shrink by 3 percent in 2015. Other forecasters fear the recession will be even worse. Meanwhile, Russia’s central bank has admitted that inflation might hit 15 percent this year. Unemployment is rising, too. The Kremlin has […]