- EGF Files
Depleted oil field is window into China's corruption crackdown
In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations.
No risk of contagion from Greek vote
Italian Economy Minister Pier Carlo Padoan said on Thursday that possible fallout from Greece's political showdown would not trigger a euro zone debt crisis like the one that pushed Italy close to default three years ago.
EU leaders prepare for long confrontation with Russia
European Union leaders warned Moscow they are ready to flex their combined muscle and "stay the course" in a long confrontation with Russia if President Vladimir Putin refuses to pull back from Ukraine.
OSCE extends observer mission at Russia-Ukraine border until March
European security watchdog the OSCE prolonged the mandate of its observer mission at two Russian checkpoints on the border with Ukraine by three months on Thursday, the longest extension so far.
EU bans investment in Crimea, targets oil sector, cruises
The European Union banned investment in Crimea on Thursday, halting European help for Russian Black Sea oil and gas exploration and outlawing European cruise ships from calling at Crimean ports.
Putin says Russia economy will be cured, offers no remedy
President Vladimir Putin assured Russians on Thursday that the economy would rebound after the ruble's dramatic slide this year but offered no remedy for a deepening financial crisis.
EU to tighten sanctions on Crimea in time for leaders summit
The European Union will widen its ban on investment in Crimea to target Russian Black Sea oil and gas exploration, EU officials said on Wednesday, tightening sanctions first imposed over Moscow's annexation of the region.
World set to end year in brittle economic state
The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis.