‘It’s the real thing’ back in Myanmar
Friday, 15 June 2012 17:53

The iconic cola is set to return to stores in Myanmar after a gap of sixty years. Myanmar is one of three countries where Coca-Cola doesn’t sell their drinks. The other two are Cuba and North Korea.

The world’s biggest soft drink maker says it will resume its business in the country as soon as the US government allows such investments.
The decision...

 
Irina Popova's photographs: voyeuristic and exploitative, or objective social comment?
Friday, 15 June 2012 17:30

Irina Popova's photographs of Lilya, Pasha and their daughter Anfisa caused outrage when she posted them online. What's her perspective on a disturbing family album?

In 2008, a 21-year-old Russian called Irina Popova went to St Petersburg on an odd assignment – to make a photostory about "feelings". No novice, she'd been studying and working as a p...

 
The debate on Lenin's body is Moscow's way of burying bad news | Andrew Ryvkin
Friday, 15 June 2012 17:12

The Russian government's suggestion that Lenin's embalmed corpse finally be interred is just a distraction from political turmoil

The debate on whether Vladimir Lenin's embalmed corpse should remain in a mausoleum in the middle of Moscow's Red Square or be interred alongside his mother, as some say was the communist leader's wish, bubbled up again...

 
Russian rate stays put despite worries of inflation
Friday, 15 June 2012 16:52
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RIA Novosti/Ruslan Krivobok

The Central Bank of Russia (CBR) has decided to keep its key interest rate at 8%. While the sound economic growth in the country allows that, experts warn growing inflationary risks may push the rate higher at some point in 2012.

The Russian regulator gave the typical explanation for its decision, saying it “was supported ...

 
Plan A: UK Treasury and Bank of England to spend £100bln on British finance
Friday, 15 June 2012 13:40
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The Bank of England building is seen in central London (Reuters/Toby Melville)

The Bank of England and the UK Treasury have revealed plans for a £100bln support program in order to stimulate British banking to provide cheaper loans during the time of recession.

­British Chancellor George Osborne explained the emergency plan, called “funding for l...

 
Russia's new super tanks and Terminators conquer Europe
Friday, 15 June 2012 13:24
Russian weapons are not inferior to world's best standards. Russia currently conducts certification tests for its new gun, "Swift," which after a few months will be accepted for service to replace the Makarov pistol. For the first time in many years, Russia exported samples of full-scale combat vehicles and small arms to exhibit abroad...
 
'Banking is a gamble, hosted by a limited few' - Nobel laureate
Friday, 15 June 2012 12:51
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The Wall Street street sign in New York (AFP Photo/Stan Honda)

As people in the street suffer from the ongoing banking turmoil a few individuals benefit, Edward Prescott, 2004 Nobel Prize winner in Economics, told Business RT. He believes the current crisis will not sweep passed the United States.

“The banks are the groups of people who h...

 
Yammy Yammer: Microsoft buys social network developer
Friday, 15 June 2012 11:58
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Photo from ecollaborating.wikispaces.com

Microsoft Corp has reached a deal to buy business software company Yammer Inc, which develops corporate social-networking services, for about $1.2 billion.

It’s not clear yet when the agreement would be completed, reported the Wall Street Journal, citing insiders.

San-Francisco based Yammer was launched in...

 
Market Buzz: Greece puts markets in holding pattern
Friday, 15 June 2012 07:11
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A businessman gazes at a share prices board in Tokyo. (AFP Photo / Yoshikazu Tsuno)

Russian markets are likely to trade lower on Friday and volumes are expected to be moderate as investors take a wait-and-see approach ahead of crucial elections in Greece on Sunday.

­European markets showed a mixed picture on Thursday, as indices of core markets ...

 
US backtracks on claims Russia is arming Syrian regime
Friday, 15 June 2012 01:20

State department acknowledges Damascus already owned attack helicopters, cited by Hillary Clinton as escalating violence

The US state department has acknowledged that Russian helicopters it claimed had been sent recently to the Syrian regime were, in fact, refurbished ones already owned by Damascus.

Secretary of state, Hillary Clinton, claimed on...

 
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