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UAE Energy Minister Suhail Al Mazroui: "We will not rely on oil"

Faced with the challenge of a declining oil market The United Arab Emirates, a major crude producer in the Gulf is striving to diversify its economy

09/12/2015

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Eurozone growth confirmed at 0.3% in third quarter

The week after the ECB extended its stimulus programme and cut a key bank rate for the eurozone, data from the European Union’s Statistics Agency

08/12/2015

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Russian sanctions 'could hit Turkey's GDP by up to 0.7%'

Russian sanctions against Turkey could have substantial impact “if they persist over the next year and are fully applied”. So says a report by the

07/12/2015

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Russia moves to reconnect electricity to Crimea

Vladimir Putin has promised to restore electricity to Crimea after making a surprise visit on Wednesday night. The peninsula’s been without power for

03/12/2015

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Eurozone unemployment hits near four-year low of 10.7 percent

Unemployment in the eurozone fell to its lowest level in October for nearly four years according to official data from the European Union’s

01/12/2015

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Body of Russian bomber pilot Oleg Peshkov arrives in Moscow

The body of the pilot of a Russian Su-24 bomber shot down by a Turkish fighter jet last week has arrived in Moscow. Oleg Peshkov was shot dead while

30/11/2015

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Britain's economy slows as trade hit by global decline

Britain’s economy slowed in the three months to September as trade held back growth, a victim of the global decline. The latest figures from the

27/11/2015

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Kremlin gets tough on Turkish food imports

As the row over the Turkish downing of a Russian fighter jet continues Moscow has announced it is to tighten controls of agricultural imports from

26/11/2015

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Ukraine and Russia clash again over gas pricing

Another round in the almost annual row over gas pricing has begun between Russia and Ukraine. Russian exporter Gazprom has announced its halting

25/11/2015

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Russia-Turkey trade in question as Moscow to 'reconsider' ties with Ankara

Less than a year ago the Russian and Turkish leaders Vladimir Putin and Recep Tayyip Erdogan set aside differences over foreign policy, signing a

25/11/2015

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OPEC 'set to keep pumping oil' despite global glut

OPEC is determined to keep pumping oil despite the financial consequences on the policy’s main architect Saudi Arabia, according to Reuters. The news

25/11/2015

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German business morale rises despite global uncertainty

German business morale has risen to its highest level for nearly 18 months, despite the slowdown in China, the Volkswagen scandal and more recently

24/11/2015

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Russian and Turkish markets slump after jet shot down

Russian stock markets fell following the news that Turkey had shot down a Russian warplane near the Syrian border. The RTS index tumbled by as much

24/11/2015