Section: Main news
EU should `interfere` less in people`s lives – Juncker
The European Commission President, Jean-Claude Juncker, has warned that too much EU ”interference” in people`s lives is eroding support for the bloc, the BBC reports.The former Luxembourg prime minister said the EU had become involved in ”too many domains where member states… are better placed to take action,” according to the BBC.His...
Russia wins $50 bln ruling in decade-old fight with Yukos – Bloomberg
Russia succeeded in its battle to overturn a $50 billion arbitration ruling after a Dutch court ruled that the panel of judges who issued the record-setting award to the former owners of Yukos Oil Co. had no right to review the dispute, Bloomberg wrote.The ruling by a court in the Hague Wednesday was a sweeping victory for the country in its more...
Oil falls on end to Kuwaiti strike, supply outlook
Oil prices fell on Wednesday as investor focus returned to worries about oversupply after Kuwaiti workers ended a three-day strike that had halved the nation`s crude output, according to Reuters.Industry data showed U.S. crude stockpiles rose last week, reinforcing concerns about the global surplus. Brent futures LCOc1 were down 94 cents at...
NATO-Russia Council to meet for first time since 2014
NATO and Russian officials have much to discuss during the NATO-Russia Council meeting in Brussels on Wednesday, U.S. Department of State has reported.”We will address… the crisis in and around Ukraine, military activity, transparency, risk reductions and Afghanistan,” NATO Secretary General Jens Stoltenberg said on Tuesday, the report says.The...
Elderly Castro holds onto Cuba`s top job in changing times – Reuters
President Raul Castro will serve up to five more years as head of Cuba`s Communist Party as he and other aging revolutionaries keep their grip on power at a time of economic reform and detente with the United States, according to Reuters.The Communist Party announced the result of internal elections on Tuesday. Wrestling with economic change and...
OSCE: Free expression, freedom of media remain under threat in Crimea
OSCE Representative on Freedom of the Media Dunja Mijatovic on Tuesday expressed concern about the intimidation of journalist Nikolay Semena in the Russian-occupied Crimea, Ukraine.According to reports, Semena`s apartment in Simferopol was searched and his equipment was seized in the early hours of April 19. The journalist was detained and...
Ukraine`s Finance Ministry outlines `de-offshorization` road map
Newly appointed Ukrainian Finance Minister Oleksandr Danylyuk announces his ministry has decided on several steps to introduce Controlled Foreign Company rules to prevent the shift of profits in preferential tax jurisdictions, or tax havens, and re-route funds back to Ukraine (the so-called `de-offshorization`).”Pursuant to the president`s...
OSCE records militant heavy weapons in Luhansk, Donetsk
The OSCE Special Monitoring Mission (SMM) to Ukraine has said it recorded the deployment of heavy weapons, including Grad MLRS, in the militant-controlled cities of Luhansk and Donetsk.”In violation of the respective withdrawal lines, the SMM saw seven multiple launch rocket systems (MLRS; BM-21 Grad, 122mm), seven self-propelled howitzers (2S1...
China flight tests new multiple-warhead missile
China conducted another flight test of its newest and longest-range intercontinental ballistic missile last week amid growing tensions with the United States over the South China Sea, The Washington Free Beacon has reported.Pentagon officials told the Free Beacon the flight test of the new road-mobile DF-41 missile took place Tuesday with two...
NBU strengthens official exchange rate to UAH 25.44 to dollar
The National Bank of Ukraine on Tuesday evening strengthened the official hryvnia exchange rate by four kopiykas, bringing the national currency to UAH 25.44 to the dollar. The Central Bank set the following official exchange rates of the hryvnia against leading foreign currencies for April 20: $100 costs UAH 2,544.3478 (on April 19, it was UAH...