Switzerland, the world’s largest offshore wealth center, worth an estimated $2.2 trillion in assets, has signed an agreement to share financial information with nearly 60 other countries, which could completely change the country’s financial landscape. The country has made a giant leap towards banking transparency after it signed a convention with the Organization for Economic […]
Lawmakers in the Senate are weighing a bipartisan bill that is expected to re-open the United States government and save the country from default. During an early afternoon hearing on Capitol Hill on Wednesday, Senate majority leader Harry Reid (D-Nevada) acknowledged, “The eyes of the world have been on Washington all this week, and that […]
Activists carry signs during a protest against chemical giant Monsanto in Durban on October 12, 2013. (AFP Photo / Rajesh Jantilal)
Thousands took to streets across the world’s cities on Saturday to protest the use of GMO products, with Giant Monsanto being the main target. Over 50 countries have been taking part in the march for world food day, and across 47 different US states. Berlin, Strasbourg, Chicago, London, Sydney and Mumbai are just a few […]
As the US government is about to hit its so-called debt ceiling of $16.7 trillion on Oct. 17, the frightening prospect of the world’s biggest economy running out of cash is dominating headlines around the globe. So, in an effort to shine some light on what exactly thedebt ceiling means to all of us, Business RT […]
The newly-designed $100 bill with strengthened authentication safeguards will go public on Tuesday, the bill’s first redesign since 1996 and two years behind schedule. Benjamin Franklin’s image on the $100 bill stays the same, but other measures taken in the redesign will make verification easier and counterfeiting tougher. The new features – from left to […]
Boehner warned that Obama was "risking default by not having a conversation with us."
The top Republican in the House of Representatives warned President Barack Obama over the weekend that he’s ready to let the United States default — and that the White House is to blame. House Speaker John Boehner (R-Ohio) told ABC’s “This Week” on Sunday that Republicans in his chamber would not immediately honor the White […]
As a condition for keeping the government funded, Republicans were demanding a one-year delay in making millions of people buy health insurance under the Obama administration’s 2010 healthcare law. The attack on White House’s key political measure was spearheaded by the Republican conservatives from the Tea Party, culminating a three-year growth of polarization in America.
The US federal government is partially shutting down after the Congress failed to fund its work amid a Republican drive to defund the Obamacare healthcare program. President Obama addressed to US troops to boost their confidence amid the crisis. Follow RT’s LIVE UPDATES on US budget crisis The Congress left the government without funding as […]
The California Senate approved raising the state’s minimum wage on Thursday to $10 an hour by 2016, one of the highest rates in the nation. The state Senate passed AB10 by a party-line vote, 26-11, approving a gradual minimum wage jump from $8 to $10 over two years. The bill now goes to the state […]
Group photographs of the heads of the delegations of the BRICS countries. From left: President of the Federative Republic of Brazil Dilma Vana Rousseff, Prime Minister of the Republic of India Manmohan Singh, President of the Russian Federation Vladimir Putin, President of the People's Republic of China Xi Jinping and President of the Republic of South Africa Jacob Zuma (RIA Novosti / Igor Russak)
As leaders of countries making up half of the world’s population firmly opposed military action against Syria without a UN mandate, the US kept pushing for a strike, claiming that many countries represented at the G20 summit were “comfortable” with it. Although discussion of the Syrian conflict was never officially on the G20 agenda, world […]
The United States Federal Reserve has set a new record, but it’s not one exactly worth celebrating. For the first time ever, the Fed owns more than $2 trillion in US debt. According to the Fed’s latest weekly account, the central bank currently is holding roughly $2,001,093,000,000 in US Treasury securities. That statistic, first reported […]