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Russia: We’re headed for sharp recession in 2015

Slumping oil prices have put Russia’s economy on course for a sharp recession next year, its finance minister said on Friday.

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Goldman: Here’s how to play rising interest rates

According to Goldman Sachs strategists, the answer is simple: Bet on companies that don’t see so much turnover.

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Facebook in China? Something’s coming: Tech writer

Facebook has laid a foundation for entering China, but it could morph its product to Chinese government standards.

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Putin orders vodka price cap amid economic crisis

Russian President Vladimir Putin ordered a cap on rising vodka prices, as he battles to preserve his popularity.

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Shoppers flock to Boxing Day sales

Shoppers across the UK descend on their High Street stores for the annual Boxing Day sales.

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Saudis to hit ‘panic button’ at $40 oil: Energy CEO

Saudis say OPEC will maintain its current oil production no matter what—until crude hits $40, Chris Faulkner says.

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Short-let apartments spark Paris row

Growth of short holiday lets alarms Paris authorities

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VIDEO: Boxing Day sales: ‘Handbags at dawn’

The Boxing Day sales are underway with retail analysts expecting it to come a close second to the so-called Black Friday sales last month.

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Tokyo stocks make slight gains

The Nikkei closes the day virtually unchanged, as other major markets around the world remain closed for the Christmas holiday.

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Save no more? Are Japanese turning spendthrift?

The Japanese spent more than they saved in the year ended March 2014, the first time that’s happened since the data set began in 1955.