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Iran to relocate airport after discovering oil under the tarmac
Friday, 28 December 2012 12:58

Iranian authorities plan to relocate the city of Ahvaz airport after discovering an oil field under the runway.

"The Iranian Oil Ministry will acquire Ahvaz airport and a new airport will be built 15 kilometres from the city," the Director of the Iranian Airports Company Mohammed Rasulnijad told Iranian television İribnews on Friday.

The Cabinet has...

 
Major Greek banks ask for 27.4 billion euro
Friday, 28 December 2012 10:54
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People walk by a National bank of Greece headquarters in Athens (AFP Photo / Louisa Goulimaki)

Greece's four largest banks need an additional €27.4 billion to overcome the losses from the country’s 200bn euro debt restructuring earlier this year.

­On Friday the National Bank of Greece said it will need a €9.7bn capital boost while Eurobank Ergasias n...

 
US State Department ignores beam in its own eye
Thursday, 27 December 2012 13:23
The U.S. State Department commented on the decision of the Federation Council of Russia, after the latter supported the so-called "Dima Yakovlev Law". One of the main reasons for the ban on adoptions is connected with the difficulties that Russian officials face when they try to find out how Russian children live in adoptive American families...
 
Vladimir Putin and new profile of Western leaders
Wednesday, 26 December 2012 16:52
In Europe, a Western leader nowadays is a witness of disintegration of his or her country. Flemish don't want to be Belgians, Scotsmen don't want to be English, Catalans don't want to be Spanish, and members of the Lombard league don't want to be Italians! This is when Putin interferes with his pragmatism, his realism, his patriotism...
 
Global banking to be joined by 'Google Bank' and 'Apple Bank'
Tuesday, 25 December 2012 12:26
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Reuters / Courtesy Square / Handout

Conventional banking could soon become a thing of the past with the use of the internet and mobile devices booming. They are gradually replacing usual banking cards as a means to pay a bill, Deutsche Bank warns.

Following a technological revolution in payments the web services could take the final step by...

 
Rosneft raises $67bn to buy out TNK-BP
Tuesday, 25 December 2012 09:51
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Reuters / Alexander Demianchuk

Rosneft has secured an estimated $50bn in advance payment from trading companies Vitol and Glencore, as well as another $16.8bn bank loan to pay for its acquisition of TNK-BP.

Under the agreement with Glencore and Vitol Rosneft agrees to ship up to 67 million tonnes of oil over 5 years, with supplies scheduled to start...

 
Market Buzz: Calmness on Christmas Day
Tuesday, 25 December 2012 06:33
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(Reuters / Andrew Burton)

Russian markets are likely to open flat Tuesday amid lack of drivers at home and abroad, while major international markets are closed for Christmas Day.

Russian stocks showed mixed picture Monday in low volume pre-holiday session. The MICEX shed 0.4%, while the RTS added 0.3%.

European stocks retreated Monday after lean...

 
Russian prosecutors seek innocent verdict in Magnitsky's death
Monday, 24 December 2012 21:52

Court expected to give verdict on Friday in case of whistleblower died in November 2009 after nearly a year in jail

Russian prosecutors have dropped their accusations against the only person being tried in connection with the prison death of anti-corruption lawyer Sergei Magnitsky, asking a court to find a former prison official not guilty.

The...

 
Can Russian women put men to shame in army service?
Monday, 24 December 2012 17:01
Women in the army do not raise eyebrows anymore. Women are called to serve in Israel. By law, all citizens of this country, including those with dual citizenship and those living in other countries, as well as all permanent residents of the state, are drafted to serve in the IDF at age 18. The period of military service for women is 24 months...
 
Toy trouble: Toymakers fear Xmas sales drop as kids opt for high-tech gadgets
Monday, 24 December 2012 16:33
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AFP Photo / Mychele Daniau

The Christmas spirit is not what it used to be: the world’s toymakers are growing increasingly concerned that children are choosing electronics such as tablet PCs over traditional toys like dolls and board games.

­Toymakers will most likely see their Christmas sales lower this year, as children prefer gadgets as holiday ...

 
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