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Cameron ready to reject bad EU ‘Brexit’ deal

Brussels / AFP British Prime Minister David Cameron threatened to walk away on Thursday from a “make or break” EU summit without a deal as his counterparts warned they would not pay any price to stop Britain crashing out of the bloc. “I’ll be battling for Britain. If we can get a good deal I’ll take that deal but I ...

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Ukraine vows to take on $3 bn debt claim

Kiev / AFP Kiev vowed on Thursday to “decisively” fight Russia’s demand for the full repayment of a $3-billion (€2.7-billion) loan it issued to Ukraine under since-ousted Moscow-backed president Viktor Yanukovych in 2013. Russia on Wednesday filed a lawsuit with the High Court in London after the two sides failed to reach a private settlement over the debt. The eurobond ...

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The one shock Russia dodged is finally set to catch up with Putin in 2016

MOSCOW / Bloomberg After deflecting pressure in 2015 with salary reductions, part-time work and unpaid vacations, companies are increasingly opting to cut jobs as the economy enters its second year of contraction. As Russia’s biggest companies from carmaker AvtoVAZ to nuclear plant operator Rosenergoatom plan job cuts, Labor Minister Maxim Topilin predicts unemployment reaching the highest since 2013 by mid-year. ...

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