News and Politics

The Pentagon says its bombing campaign in Iraq is costing taxpayers up to 10 million dollars a day. But according to a leading Washington-based think tank, the bill is even higher...much higher. Watch the video to see just how much bombing Iraq may actually cost.

Dr. Anthony Fauci, director of the National Institute of Allergy & Infectious Diseases, Dr. Jonathan Perlin, chief medical officer at Hospital Corp. of America, and Bloomberg QuickTake's Lisa Beyer discuss how U.S. hospitals and airports are preparing for Ebola. They speak with Trish Regan on "Street Smart."

Household net worth in America has now hit a new record of $81.5 trillion. But ask the majority of American citizens and they'll likely tell you they haven't been a part of that wealth increase. Here's a look at the cycles of wealth and the inevitable direction of the world.

Vice takes an unprecedented look into the shadowy industry of Private Military Companies. For the past two decades these private companies, like Black Water, Aegis and G4S have silently consumed military operations around the world, doing everything from back end logistics, protection of government VIP's and diplomats to actual combat duties. In this documentary we explore the origins of this industry, their rise in the war on terror and their future operations around the world.

German businesses are feeling the pinch of the political tit for tat. Sanctions imposed on Russia by the EU are effecting many mid-size businesses in the Eurozone’s largest economy.

Jihadists threaten to hunt down employees from Twitter after the social network giant began to remove the accounts of Islamic State supporters. RT's Marina Portnaya reports.

Head of Russian Central Election Commission Vladimir Churov took ALS Ice Bucket Challenge in a diving suit. He said the outfit was aimed at protecting him from both the cold water and the “not quite smart ideas from the West.”

Islamic State jihadists in Syria have made a video threatening to bring the Russian republic of Chechnya into their self-proclaimed caliphate, after capturing Russian-made planes in Syria. The viral video drew an angry response from the Chechen leader.

France has suspended delivery of the first of two Mistral helicopter carrier ships to Russia, due to events in eastern Ukraine. Two ships were commissioned by Russia in 2011 at a cost of $1.6 billion. 'The Vladivostok', was due to come into service this year, 'the Sevastopol', due to be completed in 2015.

American officials claim the Chinese jet performed a 'barrel roll' - at one point coming within 10 meters of their plane. Beijing says it was keeping a safe distance and that American spy missions pose a threat to its core security interests, and could be considered as a hostile act. Every year the US flies about five hundred missions around China - as well as monitoring from the sea and from satellites. Andrew K. P. Leung - a China specialist - says Beijing could take serious action if it feels it's being threatened

Russian President Vladimir Putin and Chinese Vice Premier Zhang Gaoli have launched the construction of the first part of Gazprom’s Power of Siberia pipeline - which will deliver 4 trillion cubic meters of gas to China over 30 years.

In March a US airways pilot reported a near-miss with a tiny drone over Tallahassee Airport in Florida. And that is just one case of 15 recently registered. RT's Gayane Chichikyan reports.

Not everyone needs a college degree to be successful. Five of the richest billionaires in the world are college dropouts. Here's a look and who they are the schools they left behind.

At a price of $1000 per stick, "His Majesty's Reserve," is the most expensive cigar in the world. Made by Gurkha Cigars, they're enjoyed by Bill Clinton and Matthew McConaughey. Bloomberg was granted access to Gurkha's cigar factory to see how the "Rolls-Royce" of cigars is made.

The final round of the 2014 World Tank Biathlon was held at Alabino, in Moscow region on August 16. The tank contest follows the rules of a classic biathlon, with each vehicle aiming to cover around 20 km (12.4 miles) in the shortest time possible while shooting at various targets.

Bloomberg’s Eric Chemi examines the fear of an Ebola outbreak and your chances of contracting the virus in relation to other health threats.

With Russia testing the West's resolve over Ukraine, many fear another cold war could be around the corner. One Professor of Economics tells Bloomberg why some other Eastern European countries are wary and explains the implications of Nato making the wrong strategic move.

Many civilians are feared dead after Kiev authorities resumed shelling of eastern districts in Lugansk, the city council reported.