Russia’s Kamaz to spend $2bn on new models
Thursday, 20 December 2012 08:18

Published: 20 December, 2012, 13:18

RIA Novosti / Ramil Sitdikov

RIA Novosti / Ramil Sitdikov

Dakar rally winning truck maker Kamaz has announced plans to invest more than $2bn over five years in modernizing its vehicle product range to make them more comfortable and energy efficient.

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Russia’s leading truck maker is going t...

Market Buzz: Balancing on the edge of the US ‘fiscal cliff’
Thursday, 20 December 2012 04:47
Market Buzz: Balancing on the edge of the US ‘fiscal cliff’

A trader on the floor of the New York Stock Exchange.(AFP Photo / Andrew Burton)

The US ‘fiscal cliff’ issue maintains its grip on world stocks. Fitch warned it may strip the US of its top AAA rating if it fails to pass a budget deal, adding to investor concerns that the world’s biggest economy could fall back into recession.

A US failure to avert...

A difficult film
Wednesday, 19 December 2012 18:01

TWO of the best films on the Holocaust, “Schindler’s List” by Steven Spielberg and “The Pianist” by Roman Polanski, both feature exceptional Germans performing noble actions during World War II. In a similar vein, “In Darkness,” directed by Agnieszka Holland, and Poland’s nominee for the 2012 Oscars, tells the story of a Polish Catholic sewer maint...

Gérard Depardieu's tax exile could take him to Chechnya
Wednesday, 19 December 2012 16:36

Actor who says he is quitting France because of tax increases has ties to ruthless Chechen leader Ramzan Kadyrov

After spending more than 60 years feasting on the rich food and culture of Paris and its majestic boulevards and nightlife, where is Gérard Depardieu to go? Chechnya, maybe.

The actor said this week that he was handing in his French...

Fitch: ‘Fiscal cliff’ would cost US sovereign rating
Wednesday, 19 December 2012 14:35
Win McNamee / Getty Images / AFP

Win McNamee / Getty Images / AFP

The looming ‘fiscal cliff’ in the United States is the biggest threat to the world economy and can cost the country its AAA sovereign rating, according to the Fitch ratings agency.

­Fitch says the fiscal cliff is the single biggest near-term threat to the world economy. It would plunge the country into recession with ...

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