Lagarde-Gontareva Washington talks: IMF to send mission to Ukraine soon
Ukraine`s key lender, the International Monetary Fund (IMF), has announced its mission will visit the country soon to examine the economic situation and meet with the newly appointed government, according to Ukraine`s Embassy to the United States.This was the result of talks between IMF Managing Director Christine Lagarde and Governor of the...
Over 400 migrants drown in Mediterranean
Dozens of African migrants have reportedly drowned after a boat carrying 400 people capsized in the Mediterranean Sea, the Daily Mail has reported.Most of the 400 migrants aboard the boat were fleeing from Somalia, Ethiopia and Eritrea and had been hoping to reach Italy, according to the Daily Mail.Somali media reports say that rescue workers...
EU becomes Ukraine`s key partner in trade
The European Union accounted for 44.4% of Ukraine`s goods exports in the first two months of 2016, having thus become a major trade partner, while the share of Russia was a mere 7.9%, according to the Ukrainian Ministry of Economic Development and Trade.Goods shipments from Ukraine to the EU member states (28 countries) slid by 2.1% in...
China, Hong Kong shares dip on oil stocks news
China and Hong Kong stocks tracked regional markets lower on Monday morning, with sentiment soured by a tumble in crude oil futures after weekend talks among exporters failed to reach agreement on production cuts, Reuters reports.There`s also mounting worries that the markets` robust rebound since February is not sustainable, as China`s economic...
Brazil President Rousseff loses lower house impeachment vote
Brazil`s lower house has voted to start impeachment proceedings against President Dilma Rousseff over charges of manipulating government accounts, according to the BBC.The ”yes” camp comfortably won the required two-thirds majority, after a lengthy session in the capital, the BBC reports.Ms. Rousseff`s opponents secured 367 votes in the lower...
Ukraine`s new government to gather for first meeting on April 20
Newly elected Prime Minister Volodymyr Groysman announces the first meeting of Ukraine`s new government on Wednesday, April 20.”Today we`re preparing the government`s first meeting, which will take place on Wednesday,” he said in his video address posted on Facebook on Monday.He also said he had held a number of meetings on different issues,...
Oil prices tumble after Saudi-Iran tensions sink output deal – Reuters
Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel, Reuters has reported. Brent crude futures fell as much as 6% in early trading on Monday before recovering to $41.29 per...
Czechs oppose permanent migrant quotas
The Czech Republic cannot rule out legal action if the European Union tries to put in place any permanent quota system for distributing asylum seekers, Prime Minister Bohuslav Sobotka said on Sunday, according to Reuters.The country was one of four central and eastern European states to oppose an EU quota scheme approved by member states last...
Ecuador earthquake death toll grows to 272
Traumatized Ecuadoreans slept amid rubble while rescuers dug for survivors on Monday after an earthquake smashed the Andean nation`s coastal region, killing at least 272 people and flattening resort towns, according to Reuters.Saturday`s 7.8 magnitude quake ripped apart buildings and roads, knocked out power, and injured at least 2,068 people in...
Russian proxies fire mortars, antitank system on Ukraine in last day
The combined Russian-separatist forces attacked Ukrainian army positions in eastern Ukraine 79 times in the past 24 hours, using mortars and antitank missile systems, according to the press center of the Anti-Terrorist Operation (ATO) headquarters. ”In particular, the militants fired 120mm and 82mm mortars four times in the direction of the town...