“If oil continues falling and the rouble continues falling, then migrants will begin to return home,” says Daniil Kislov, who runs fergana.ru, a central Asia news portal. “There are 2.4 million Uzbek migrants in Russia, and those are just the official figures. These people and their families are all surviving because of money made in Russia. Essentially Russia has saved Uzbekistan and Tajikistan from revolution, and if all these people return it will cause a social explosion. Not today, but maybe in a year, or two, or five.” … [Read more...] about Russia’s rouble crisis poses threat to nine countries relying on remittances
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Russian central bank raises interest rate to 17% to prevent rouble’s collapse
Neil Barnett, of the Centre for Policy Studies, said: “The bad news for Russia is that the outlook for oil prices appears weaker and weaker. This week, the International Energy Agency cut its demand growth forecast. In combination with still-growing US production and Saudi determination to keep prices low, it means that prices next year are likely to fall yet further.” … [Read more...] about Russian central bank raises interest rate to 17% to prevent rouble’s collapse
Black DJ fears she was racially profiled by her neighbours after police were called to her flat over ‘wild parties’ during lockdown even though she only lived there for a week
A DJ fears she's a victim of racial profiling after she found police inside her new apartment - ten days after she moved in - following reports of 'wild parties' and 'drug use'. Kaylee Golding (above) had just moved from Birmingham into the flat in Newham, east London, when officers turned up on August 9. She has presented BBC Radio 1's Early Breakfast, as part of the station's schedule of new DJs over Christmas and the New Year … [Read more...] about Black DJ fears she was racially profiled by her neighbours after police were called to her flat over ‘wild parties’ during lockdown even though she only lived there for a week
British Airways admits job cuts will happen as it axes flights along with Virgin Atlantic, Ryanair, EasyJet and Tui while ministers hint they could give airlines multi-billion pound bailout amid coronavirus shutdown
Mr Couzens, 70, said: 'I take medication for a lung disease called chronic obstructive pulmonary disease which could be linked to my years as a firefighter so I'm in the risk category... we're probably not going to take the risk of leaving to try to get home if things are still so volatile. … [Read more...] about British Airways admits job cuts will happen as it axes flights along with Virgin Atlantic, Ryanair, EasyJet and Tui while ministers hint they could give airlines multi-billion pound bailout amid coronavirus shutdown
Plunging oil prices have rocked Russia, but Putin may yet surprise us
The relentless collapse in the price of oil over the past few months has come as a big shock not only to the Russian economy, but also to its political system. As the price falls from its peak earlier in the year of $115 a barrel to below $50, the government faces some harsh choices. Fifty-two per cent of Russia’s budget revenues are derived from the energy sector. And even though the energy sector comprises only 27% of its total economy, the crisis has deflated much of Russia’s self-confidence, and will in the immediate term force the adoption of some drastic economic measures. In the long term, it may set Russia on a new political path. … [Read more...] about Plunging oil prices have rocked Russia, but Putin may yet surprise us
