: :inin Kyiv (EET)

Section: US & Canada

    S&P cuts Russia credit rating to ‘junk’
    Jan26

    S&P cuts Russia credit rating to ‘junk’

    Moscow (AFP) – Standard and Poor’s stripped Russia of its investment-grade rating on Monday, cutting it to “junk” status with a warning of weak growth and banks.”The downgrade reflects our view that Russia’s monetary policy flexibility has become more limited and its economic growth prospects have...

    Lax safety allowed before scaffolding collapse
    Jan26

    Lax safety allowed before scaffolding collapse

    TORONTO – A man who survived a deadly scaffolding collapse in Toronto in 2009 has told his project manager’s trial that construction workers were allowed to get on a swing stage that day without everyone being attached to a safety lifeline.Shohruh Tojiddinov says he was among a crew making repairs to balconies at a high-rise apartment...

    Russia’s Self-Isolation
    Jan26

    Russia’s Self-Isolation

    Russia’s naked military aggression in Ukraine has been accompanied by an authoritarian domestic campaign, which includes bringing most of the electronic media under effective government control, reimposing Soviet-style controls over contact with foreigners, and most recently limiting academic freedom in Russian universities. Although...

    Russian Ruble, Stocks Slide on News of Possible New Sanctions
    Jan26

    Russian Ruble, Stocks Slide on News of Possible New Sanctions

    The ruble and Russian stocks fell sharply on Monday, following a return to full-scale warfare in eastern Ukraine and threats of further Western sanctions against Russia. At 10:25 EST (1525 GMT), the ruble was down 3 percent against the dollar to 66.23 and 3.5 percent weaker against the euro at 74.71. Russian stocks were also down, with the...

    Cease-Fire in Shreds, Ukraine Sees Heaviest Fighting in Months
    Jan26

    Cease-Fire in Shreds, Ukraine Sees Heaviest Fighting in Months

    Regular attacks from pro-Russian separatist forces has the Ukrainian military struggling to rebound from losses at the Donetsk airport last week. …read more Source: The New York...

    NATO Secretary General Reaffirms Support For Ukraine, But Refuses Lethal Military Aid
    Jan26

    NATO Secretary General Reaffirms Support For Ukraine, But Refuses Lethal Military Aid

    During an extraordinary meeting of the NATO-Ukraine Commission on Monday, Secretary General of NATO Jens Stoltenberg reaffirmed the alliance’s support for Ukraine and continued the group’s call for Russia to cease its support of pro-Russian rebels. The statement from Stoltenberg comes on the same day the Kiev government asked for...

    Why Stupid Politics Is the Cause of Our Economic Problems
    Jan26

    Why Stupid Politics Is the Cause of Our Economic Problems

    NEW YORK — In 2014, the world economy remained stuck in the same rut that it has been in since emerging from the 2008 global financial crisis. Despite seemingly strong government action in Europe and the United States, both economies suffered deep and prolonged downturns. The gap between where they are and where they most likely would have...

    Putin: Ukrainian army a “NATO legion”
    Jan26

    Putin: Ukrainian army a “NATO legion”

    Ed AdamczykST, PETERSBURG , Russia, Jan. 26 (UPI) — Russian President Vladimir Putin referred to the Ukrainian army Monday as a NATO foreign legion intent on constraining Russia. …read more Source: United Press...

    The Ruble Is Getting Slammed After S&P Cuts Russia To ‘Junk’ (RUB, USD)
    Jan26

    The Ruble Is Getting Slammed After S&P Cuts Russia To ‘Junk’ (RUB, USD)

    The ruble is getting slammed again after S&P cut Russia to junk. The currency fell over 7% to over 68 to the dollar after the S&P cut Russia’s credit rating to BB+. All ratings below ‘BBB-‘ are considered “junk” as they are below the lowest investment grade rating. And earlier in the day, the ruble closed...

    Ukrainian pilot held by Russia granted diplomatic status in attempt to free her
    Jan26

    Ukrainian pilot held by Russia granted diplomatic status in attempt to free her

    JC FinleyKIEV, Ukraine, Jan. 26 (UPI) — In a diplomatic maneuver to secure the release of detained Ukrainian pilot Nadia Savchenko from Russia, the Parliamentary Assembly of the Council of Europe on Monday confirmed the 33-year-old a member of parliament. …read more Source: United Press...