China, EU close to deal on telecoms trade dispute
China and the European Union are closing in on a deal to resolve a long-running telecoms dispute by the end of the month, people close to the matter say, potentially putting an end to one of the most divisive issues between the two big trade partners.
OECD sees stable growth for major economies, weaker in euro zone
Most major world economies are continuing to show stable growth momentum, but within the euro zone Germany and Italy are losing steam, the OECD said on Wednesday.
Bulgaria rejects Russian accusation of betrayal over warplanes
Bulgaria on Wednesday rejected Russian accusations that it was betraying its former Soviet-era ally by considering replacing its ageing Russian warplanes with ones built in the West.
Finance minister warns Russia can't afford military spending plan
Russia's finance minister said on Tuesday the country could no longer afford a multi-billion-dollar revamp of the armed forces approved by President Vladimir Putin, stepping up a campaign to trim spending as sanctions over the Ukraine crisis bite.
IMF cuts growth outlook, warns on euro zone, Japan
The International Monetary Fund cut its global economic growth forecasts for the third time this year on Tuesday, warning of weaker growth in core euro zone countries, Japan and big emerging markets like Brazil.
Floods of Ukrainian refugees seek new life in Russia
After three days trapped in a cellar by shelling, Svetlana and Sergei Divenko left their home in eastern Ukraine and fled to Russia with their two children and a single bag.
World Bank trims China, East Asia 2014-2016 growth forecasts
The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia.
Islamic State raises flag in eastern Kobani, Kurds say town has not fallen
Islamic State raised its flag on a building on the outskirts of the Syrian frontier town of Kobani on Monday after an assault of almost three weeks, but the town's Kurdish defenders said its fighters had not reached the city centre.
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