An MP who represents the United Russia majority party has prepared legislative amendments that would make the Russian ruble the only valid currency in the country, and put an end to dependency on the US dollar and the Euro. Yevgeniy Fyodorov described the initiative in an interview with the Izvestia daily newspaper. He promised that the proposed bill would be made public in autumn, and declined to... 

A financial analyst says the eurozone bankers and policy makers are responsible for the bloc’s deepening economic crisis, Press TV reports. “The eurozone is really not in the bad shape that the policy makers tell us it is in. They are basically extorting us into accepting things like transforming the European stability mechanism, the new financing fund into a bank which allows them to get ten... 

People look for job offers outside a local employment office in Ahens on May 22, 2012. The number of people unemployed across the 17 countries that share the euro currency has hit a record high in June, official figures show. New data released by the Eurostat, the EU’s statistics office on Tuesday shows that 17.801 million people were out of work in the eurozone in June. The new figure is 123,000... 

German Chancellor Merkel attends a session of German parliament (Bundestag). Support has sharply declined for German Chancellor Angela Merkel’s decisions regarding the eurozone’s spiraling debt crisis, a survey suggests. The poll, conducted by YouGov and printed in the Monday edition of Bild newspaper, found only 33 percent in favor of Merkel’s stance, Reuters reported. The steep erosion in domestic... 

As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold,... 

Europe drags the United States of America to the bottom, languishing from the global financial crisis. Tourism, trade and the raw materials industry, which previously supported the economy, are no longer in demand. Close economic relations between the US and the EU have brought the European crisis to the United States. Mark Vitner, a senior economist at Wells Fargo, conducted a research, which showed... 

Study shows that the increasing temperature of the Baltic Sea coincided with the onset of gastrointestinal infections caused by the bacterium Vibrio, reported the German news service Deutsche Welle. Climate change caused by man is behind the unexpected appearance of a group of bacteria in northern Europe that can cause gastroenteritis, a new study by a group of experts shows. The study, published... 

Admiral Chabanenko, Russian destroyer arriving at Havana’s harbor. Russia is planning to expand its military muscles in some of Moscow’s soviet-era ally countries including the Latin American country of Cuba, Asian country of Vietnam and the Indian Ocean island of Seychelles. According to the commander-in-chief of the Russian Navy, Moscow is holding talks with the some countries outside of... 

British police arrest cyclist protesters during the opening ceremony of the 2012 London Olympics. British police have conducted mass arrests in London during a protest staged by cyclists as London held the opening ceremony of the 2012 Olympics. Media reports said over 100 people were arrested as the British police used pepper spray and kettling tactics against two groups of protesters near the Olympic... 

Peter Sutherland’s global migration forum brings together 160 nations to discuss policy Anyone who doubts that there is a deliberate plan to destroy Europe should carefully read this BBC news story, which reports: “The EU should do its best to undermine the homogeneity of its member states, the UN’s special representative for migration has said. Peter Sutherland told peers the future prosperity... 

Spain’s unemployment rate reaches 24.63 percent. Spain says its unemployment rate for the second quarter of the current year has reached the record high of 24.63 percent. According to the new figures released by the government of Friday, nearly 5.7 million Spaniards are now out of work. The country also says that almost 53,500 people lost their jobs between April and June alone. The jobless rate... 

S-300V and S-300VM anti-aircraft long distance missile systems President Putin has said Russia is not planning to enter a new arms race, but urged senior officials to develop the nuclear arsenal further, along with Russia’s own air and space defenses, so that no one in the world doubts their effectiveness. Putin was speaking at a special meeting on the state weapon program that took place in the... 

Yes, Nokia (NOK) the Finnish mobile device maker as we know it, is doomed for bankruptcy and reorganization. Many of us, of course, still refuse to see the writing on the wall and invest accordingly. Nokia, a one-time story stock, has been shockingly bludgeoned from $40 to today’s meager $2 bid that is a cut above the casino penny stock zone. On the road to zero, Nokia cheerleaders, such as... 

Following the shooting spree in a Colorado cinema, Russian legislators have drafted a bill which would allow public use of firearms. The law’s sponsors hope to curb crime rates, while opponents say legal air-guns already cause enough damage. ­The principle behind the drafted bill allowing the private use of handguns is “my home is my castle,” so any invasion of private space could be met with... 

Demetris Christofias, the Greek Cypriot President, who is the only communist leader within the European Union, has taken over the EU Presidency for a term of six months. The EU presidency is a largely ceremonial role, but it is also a role that involves planning the blocs agenda and chairing many of its meetings at this pivotal time, especially with the Euro currency imploding rapidly. Are we to be...