"I have no more neighbours. Most of the markets and traditional shops in Venice have closed."
"We attribute many things to tourism, but the truth is that incivility exists both among residents and foreigners."
"It is definitely a great business model - but what kind of student can afford this?"
"I strongly recommend that he use this sensitive position as a tool for gaining divine satisfaction and as a provision for the time he meets with God"
Iranian supreme leader
"In ancient Azerbaijan, when they were making bread, sometimes they had leftover dough. They found a good use for it, a tasty one"
Restaurant manager in Azerbaijan
"The poor will get poorer and the rich will get richer."
"The public tend to curse the medical and legal professions in ethically contested situations"
University of Warwick
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China’s foreign currency reserves suffered their largest monthly fall on record in August. It’s the result of heavy intervention by the central bank
In this edition of Business Middle East, we analyse the turbulence engulfing global markets. Signs of an economic slowdown in China are stacking up
Turkey's political future hangs in the balance as Prime Minister Davutoglu hands back the mandate to form a government to President Erdogan.
With the rouble at a six-month high Russia’s central bank has resumed buying foreign currency, a sign the government thinks it’s high
Russia’s slide into recession has predictably hit European tourism and luxury goods firm hard.
Despite making dramatic reductions and cost-cutting
An epidemic of ruinously high mortgage payments and negative equity is afflicting Central and Eastern Europe.
People who bought into the dream of
The collapse of the rouble, caused in part by EU sanctions against Russia over its alleged support for Ukrainian rebels, has had an impact on parts
Russia’s central bank is keeping the financial world guessing by unexpectedly cutting its main interest rate to 15 percent.
Just over a month ago
More bad news on the oil price and fears of the repercussions of intensified fighting in Ukraine sent Russian shares sharply lower on Monday
It has been a bleak start to the New Year for the rouble. The Russian currency opened sharply lower against the dollar on Monday dragged more than
Russia’s economy is likely to shrink by as much as five percent in 2015, due to Western sanctions, the collapse of the rouble and the price of oil
Russia is caught in what one government minister called a “perfect storm” of plummeting oil prices, sanctions and the flight of investors
He attempted to reassure the Russian people about the state of their economy under his leadership. But a defiant President Vladimir Putin also took
Russia’s economic problems drew a slew of questions at President Vladimir Putin’s end-of-year news conference. Blaming external factors for the
Ukraine’s currency, the hryvnia, has slumped to a fresh all-time low, in the face of the fraying ceasefire in the east of the country.
The Russian rouble slumped to a new record low against the US dollar on Tuesday
It was already this year’s biggest declining currency in a major
Political turmoil has sent shock waves across the Russian economy. Moscow stock markets opened on Monday with the country’s benchmark index recording
Russia woke up to a financial shock on Monday as the rouble fell to an historic low against the dollar.
Within the first minutes of trading
Ukraine’s currency, the hryvnia, fell to a new record low against the dollar on Thursday.
It has been falling in value for weeks due to the
Ukraine’s currency, the hryvnia, remained under pressure following the fresh violence there, but traders said it could have been much worse.
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