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Russian jet crash puts Sharm resort staff on 'unpaid leave' The Russian plane crash in Egypt has forced Sharm el-Sheikh hotels to send dozens of staff on "unpaid leave" as tourist numbers dwindle, with tens of thousands of jobs at risk within months.

13 November 2015

Kazakh tenge real exchange rate down by 24.7% in 2015 National Bank of Kazakhstan released data on Kazakh tenge real exchange rate against the currencies of Kazakhstan's major trade partners.

13 November 2015

Kazakhstan no longer attractive for expats because of tenge depreciation: Deutsche Welle According to German Deutsche Welle, sharp tenge depreciation caused some foreign workers, who came to Kazakhstan for better prospects, to consider going back home.

13 November 2015

Cameron announces £9bn in UK-India deals during Modi visit Prime Minister David Cameron said British and Indian companies will announce deals worth a total of £9.0 billion during his Indian counterpart Narendra Modi's visit to Britain.

13 November 2015

Kazakhstan's Kaspi Bank acquires status of bank holding company One of largest Kazakhstan’s banks Kaspi Bank has acquired the status of a bank holding company.

12 November 2015

Russia-Kazakhstan exchange rate policy implications discussed in Astana Kazakhstan's Prime Minister Karim Massimov described the implications of the Russian ruble's devaluation in fall 2014 for the Kazakh economy.

12 November 2015

Geo-economy of Eurasian region discussed at Astana Club The first meeting of the Astana club has gathered over 50 experts in economics, politics, international relationships to discuss the geo-economic situation in the Eurasian regio

12 November 2015

UniCredit, feeling squeeze from low rates, cuts 18,200 jobs Italy's top bank UniCredit announced plans to shed over 18,000 jobs in an effort to stay profitable as low interest rates and the weak economy weigh on earnings.

12 November 2015

French PM says opposed to Renault, Nissan merger French Prime Minister Manuel Valls said he was opposed to a full merger of Renault and Nissan, but wanted to "preserve the alliance", following a week of mounting tensions over the role of the state in the carmaker.

09 November 2015

IMF chief urges Gulf to adapt to sustained oil price drop International Monetary Fund chief Christine Lagarde warned that global energy prices could remain low for years and urged Gulf countries to adjust their budgets.

09 November 2015

Obama rejects Canada's Keystone XL pipeline to US US President Barack Obama on Friday blocked the Keystone XL oil pipeline that Canada sought to build into the United States, ruling it would harm the fight against climate change.

07 November 2015

Estonia PM questions Baltic plan to price Soviet occupation Estonia's premier raised doubts Friday about the decision of three Baltic states to calculate how much money they lost under some 50 years of Soviet occupation.

07 November 2015

Second Baltic pipeline will cost Ukraine $2bn a year: PM Ukrainian Prime Minister Arseniy Yatsenyuk blasted a planned second gas pipeline under the Baltic Sea, claiming it would cost his country $2 billion (1.8 billion euros) a year in lost revenue.

06 November 2015

Moody's cuts VW's credit rating amid emissions scandal Moody's hit embattled German automaker Volkswagen with a credit downgrade, saying the company's reputation and earnings were at risk from the growing emissions cheating scandal.

05 November 2015

Moscovici confident of 'compromise' with Greece on remaining reforms The EU's economic affairs commissioner, Pierre Moscovici, voiced confidence that Greece would reach a "compromise" with its creditors by the end of the week on remaining reforms demanded under its third bailout.

04 November 2015

VW sales in United States hit by emissions scandal Volkswagen sales in the US market appeared to take a hit last month from the company's huge emissions scandal.

04 November 2015

Commerzbank plans dividend for 2015 despite drop in Q3 profits Commerzbank, Germany's second biggest lender, said that profits were down in the third quarter, but it still planned to pay out a dividend to shareholders for the whole year.

02 November 2015

India's Modi urges 'comprehensive' climate deal India's Prime Minister Narendra Modi called Thursday for a "comprehensive and concrete" agreement on climate change in December, as he addressed African leaders at a major summit in New Delhi.

29 October 2015

Britain's Cameron defeated over welfare cuts for poor British Prime Minister David Cameron suffered a damaging blow over plans to cut help for low-income working families that drew flak from within his Conservative party.

27 October 2015

Greece 'has no time to lose' to meet creditor demands: Dombrovskis The European commissioner for the euro told Athens it has "no time to lose" in carrying out reforms its international creditors have demanded in exchange for bailout funds.

26 October 2015

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