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Russia Invested $200 Billion In Ukraine Over 20 Years, Claims Minister
The Russian government has poured over $200 billion in loans and economic aid into Ukraine over the last 20 years, claimed Minister of Economic Development Alexei Ulyukaev on Monday,...
US Govt Charged Electricity Consumers $40 Billion For Unbuilt Nuclear Waste Dump
The U.S. Department of Energy has been ordered to end a 31-year-old scheme that had charged electricity consumers for the future construction of a nuclear waste dump, after collecting...
Switzerland Vote Overwhelmingly Against World’s Highest Minimum Wage
Swiss voters have rejected a proposal to introduce what would have been the world’s highest minimum wage at 22 francs ($25) an hour, citing the possible impact on employment...
Brazil Expects $3 Billion Tourism Boom During World Cup
Tourists heading to the football World Cup in Brazil this June will spend more than $3 billion in the country, according to a government forecast on Wednesday. An estimated...
China Begins Construction Work In Disputed Area Of South China Sea
China has begun work on building an airstrip or military outpost in the disputed Spratly Islands in the South China Sea, said the Philippines on Wednesday, just a week...
Russia Set To Cut Off Ukraine’s Gas Supply Next Month
Russia’s state gas giant Gazprom has threatened to cut off its supply of natural gas to the Ukraine starting from June 3rd, unless the Ukrainian government pays $1.7 billion...
Government Auditors Link Corruption To Soaring Cost Of Brazil World Cup Stadium
The cost of building the Mane Garrincha stadium in Brazil’s capital of Brasilia has nearly tripled from its initial estimate, said government auditors on Wednesday, blaming corrupt officials for...
US To Cut Off Russia’s Trade Concessions
The United States has decided to cancel all trade benefits extended to Russia under its Generalized System of Preferences (GSP) scheme – that been designed to help developing countries...
China Could Build Undersea High-Speed Railway To America: Report
Chinese officials are discussing the possibility of building a high-speed railway line from Beijing to the United States, reported the China Daily last week, with the proposed railway set...
China Extends Additional $12 Billion In Aid To Africa
Chinese Premier Li Keqiang on Monday pledged an extra $12 billion in assistance funds to the African continent, taking the total loans to over $30 billion, reported Reuters. Li,...


