Russia's top state-owned banks are trimming expenses at their London offices as Western sanctions on them strangle off business and drive Russia toward economic recession, the Bloomberg news agency reported.

The average price of Russian oil fell nearly 50 percent in the first half of the year, news agency Interfax reported Wednesday, sapping a key source of tax revenues at a time when Russia can ill afford it.

No amount of money could tempt half of UK workers (53%) to consider taking a role at a company with a poor employer brand, according to research from LinkedIn.