Russia facing recession
Russia's economy has contracted for two months in a row, increasing concerns in the Kremlin that the country may be heading for recession as western sanctions over Ukraine bite. The country's economy ministry says GDP contracted by 0.2 percent in July compared with a year earlier, following a 0.1 percent fall in June. The new data contrasts sharply with earlier forecasts of growth and does not yet reflect a further sharpening of sanctions in July, which were expanded to target banks as well as Russia's weapons and hi-tech industries.
All Eyes on Jackson Hole
Investors the world over are waiting for signals from a small resort town of Jackson Hole, Wyoming. The heads of central banks from around the world are gathered there for their annual pow-wow. The head of the US Federal Reserve, Janet Yellen is giving her views about the health of America's labor market.
Columbia's Struggling Farmers
Free trade pacts are supposed to be a win-win situation for the nations who enter in to them. But in Columbia, which has new trade deals with both the US and Europe, farmers disagree. They are suddenly struggling to compete with global companies that produce food on an industrial scale.