From financial crisis in Russia to cyber warfare with North Korea, 2014 has generated new flashpoints right into its final days, setting 2015 up to be just as turbulent.
Almost all of the major confrontations, such as the battle w
Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year, government ministers said, as authorities scaled up a bailout for the first bank to succumb to this month's rouble crisis
Ukraine's government and pro-Russian separatists on Friday exchanged hundreds of prisoners of war while Kiev said it would suspend all train and bus service to Crimea, effectively creating a transportation blockade to and from the region.
Japan's Nissan Motor and French partner Renault have stopped taking orders for some cars in Russia and could raise prices on others if the rouble's plunge continues, alliance chief executive Carlos Ghosn said yesterday.
Aluminium, aircraft, chemicals, biotechnology, agriculture and pharmaceuticals have been identified as key areas of bilateral trade and investment between Bahrain and Russia, a top Russian minister said.
Russia's Minister of I
A key high-powered forum on economic co-operation between Russia and the GCC will be held in Bahrain next week.
‘Trade and Industrial Dialogue: Russia-Gulf Co-operation Council,' will be held at the Ritz-Carlton Bahrain,
Impromptu talks between Saudi Arabia, fellow Opec member Venezuela and oil powers Russia and Mexico yielded no agreement on how to address a growing oil glut, ending without any plan to cut output despite a collapse in prices.
Opec leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output at the producer group's meeting this week, a day after Russia refused to cooperate in any production cut and threatened to unleash an oi