Putin's deal brings peace to the East, pain for the West
Outlook President Vladimir Putin's ability to outfox never ends. Just as we in the EU scurry about seeking alternatives to Russian gas in a vain attempt to weaken his political muscle, he stitches up a deal to supply China with an almost identical amount that he sends our way. So, for every euro of foreign currency he loses from us, he'll gain the equivalent in yuan. No problem.
It's not all bad news, though: while his pivot to the East could increase Mr Putin's belligerence with Europe, it could make for more peaceful times in Asia. Energy-hungry China may not need stand-offs like the current spat with Vietnam over Beijing's placing of an oil rig in disputed waters there. But, away from the global politics of the thing, for businesses and consumers in the EU, the arrival of a major competitor for Russia's gas only means one thing: higher prices.
- 1 Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC
- 2 Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
- 3 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
- 4 A third of employers never check job applicants' qualifications, survey finds
- 5 James Foley beheading: Fox news presenter Megyn Kelly annoyed by Ferguson update during broadcast about murdered journalist
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Bin bag full of cats' heads discovered near Manchester's Curry Mile
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
iJobs Money & Business
£25000 - £35000 per annum: Harrington Starr: Junior Quant Analyst - C++, Boost...
£25000 - £35000 per annum: Harrington Starr: Service Desk Analyst- (Desktop Su...
£30000 - £50000 per annum: Harrington Starr: Junior Quant Analyst (Machine Lea...
£45000 - £55000 per annum: Harrington Starr: UNIX Application Support Analyst-...