Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.
Archives
Famous Venezuelan ice-cream store closes over milk shortage
An ice-cream store listed in the Guinness World Records book for its 863 different flavours has become the latest victim of Venezuela's economic crisis.
Hugh Hefner not dead, confirmed by wife Crystal Hefner's photo of the Playboy founder with their family; Hefner is healthy at 88 despite fake NBC Today website claim
Hugh Hefner is not dead, as confirmed by wife Crystal Hefner's photo of the Playboy founder with their family for movie night. Hefner is healthy at 88 despite the fake NBC Today website claim that he has died of natural causes.
Sony's 'The Interview' makes $18 million in opening weekend
Sony Pictures (6758.T) said "The Interview" has earned more than $15 million in online sales and another $2.8 million in theaters, an impressive return made possible by the publicity surrounding the cyberattack blamed on North Korea.
Novo Nordisk to promote drug to treat obesity in United States
Danish pharmaceutical group Novo Nordisk plans to use 500 of its 3,000-strong sales force in the United States to promote its new obesity drug, executive vice president Jakob Riis told Reuters on Monday.
Latest News
European shares and periphery euro zone bonds tumbled on Monday after the Greek parliament rejected the government's presidential candidate, setting the stage for an election that anti-bailout party Syriza could win.
The Real Housewives of New Jersey star Teresa Guidice is making the best of out of her life as she braces for prison time soon.
'Today' Host, Natalie Morales and MSNBC anchor veteran, Thomas Roberts, are all set to host the 2015 Miss Universe beauty pageant on January 25th in Doral, Miami , Florida.
“Call of Duty: Advanced Warfare” implements a unique Multiplayer Mode called One Shot wherein players focus on their sniper skills to conquer the battlefield. Double XP is also implemented during the event.
Tobey Maguire may not be re-casted as Spider Man at “The Amazing Spider Man 3” after all. Signature campaign reach 20,000 support from fans of Andrew Garfield who wants the actor to remain as Spider Man in the upcoming movie.
'Tekken 7' is set to be released on PC, Xbox One and PS4 this coming March 2015. The Fighting Series creator, Katsuhiro Harada, wants to expand his game to all platforms and the latest game on the series will feature new characters and gameplay mechanics.
The cast of the controversial film, "The Interview" is enjoying its moment as the top grossing movie after garnering over $15 million earnings in online sales.
Chelsea Handler, 50 Cent, Miley Cyrus wants to "#FreeTheNipple" and ask Instagram to loosen its policy against censorship, but Instagram's response was only to remove the topless photos. Not to back down, Handler reposted her photo on Twitter.
Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member.
