Oil trafficking funds Kazakhstan's religious extremists
Illicit trafficking in oil and oil products fuels Kazakhstan's shadow economy and provides funding to organized criminal groups, including radical religious movements: official.
Spain raises taxes on alcohol, tobacco
The Spanish government, which is struggling to cut one of the eurozone's largest public deficits during a double-dip recession, on Friday raised taxes on tobacco and alcohol.
29 June 2013 19:51
Murdoch splits empire into two firms
Rupert Murdoch split his corporate empire into two parts under a long-promised plan to "unlock value" by separating high-flying entertainment operations from struggling publishing activities.
29 June 2013 16:55
Lebanon tourism pays the price for Syria's war
Dia's restaurant in the Lebanese resort village of Aley is deserted. Most years, he caters to thousands of rich Gulf Arab tourists and to visiting expats, but this year no one has come.
29 June 2013 15:00
EU leaders pledge job funds, back new budget
European leaders on Friday agreed to deploy 8.0 billion euros ($10.4 billion) to help create jobs for young people at a summit that also backed a tentative deal on the EU's next trillion-euro budget, despite simmering doubts.
Gazprom abandons arctic gas project for now
Russia's energy giant Gazprom said on Thursday it was giving up development of the Shtokman natural gas field under the arctic Barents Sea until new technology made the project viable.
GM to invest $691 million to boost Mexico operations
General Motors announced Wednesday that it will invest $691 million to boost its operations in Mexico, a nation whose low wages and proximity to the United States are increasingly attracting automakers.
27 June 2013 14:38
EU ministers agree on new bank rescue rules
European finance ministers on Thursday agreed a draft deal on new rules for bank rescues that will only allow bailouts by taxpayers in exceptional cases and shift the burden onto bank owners, creditors and large depositors.
27 June 2013 10:30
Moody’s Investors Service on Kazkahstan’s 2013 GDP
According to the rating agency, GDP can be maintained at 5% in 2014, with the growth depending on the giant Kashagan oilfield expected to start commercial production later this year.
Miner ENRC rejects £3.0-bn bid by Kazakh consortium
Mining giant Eurasian Natural Resources Corp rejected a £3.04-billion ($4.67-billion) takeover offer from a consortium comprising the Kazakh government and the founders of ENRC.
