Ukraine hit with credit downgrade as turmoil escalates
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Ukraine has been hit by its second credit downgrade in less than a month, as Standard and Poor’s slashed its credit rating to triple-C (CCC). Silicon Valley continues to examine Facebook’s shock purchase of WhatsApp – but is the $19 billion price tag too high? G20 finance ministers warn that the global recovery remains fragile, ahead of their meeting in Sydney. And a transatlantic salary face-off between central bankers – who earns more, Mario Draghi or Janet Yellen?