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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 34

The latest business and finance news from around the world from the BBC

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WBR: Russia "behaving as terrorist state" 05 Dec 14

December 5th, 2014

Episode 113 of 892 episodes

Russia is "behaving as a terrorist state," according to the President of Lithuania, Dalia Grybauskaite. She also told the BBC's Vishala Sri-Pathma that she welcomed President Vladimir Putin's announcement this week that he was shelving a multi-billion dollar project to build a pipeline to pump Russian gas into South East Europe. Also, the International Labour Organisation finds wages are stagnating in the developed world - we hear it's because companies are pouring their money into the financial markets rather than sharing it with their employees. Plus, the man responsible for the Vatican's finances has found hundreds of millions of euros "tucked away off balance sheets". It means the Holy See's finances are better than expected. We have more on that story and all the latest from the financial markets.

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