Depository of News

OPEC+ likely to prolong existing oil cuts despite rising prices – media

Members of the Organization of Petroleum Exporting Countries (OPEC) and their allies led by Russia, known as OPEC+, may further hold back oil supplies amid concerns over demand. Read Full Article at RT.com

Iconic tech entrepreneur & former Zappos CEO Tony Hsieh passes away at 46

Prominent businessman Tony Hsieh, often credited for helping to transform downtown Las Vegas, has died at the age of 46. He co-founded online retailer Zappos and sealed a deal to sell off the empire to Amazon over a decade ago. Read Full Article at RT.com

Six US oil executives convicted in Venezuela on corruption charges

A Venezuelan court has found six American oil executives, known as the Citgo 6, guilty of a wide-ranging corruption scheme, immediately sentencing them to prison on Thursday. Read Full Article at RT.com

Oil pirates are DANGEROUSLY CLOSE to US waters

After hitting a 25 year low last year, oil piracy came back in a big way in 2020, with pirates moving dangerously close to US waters. Read Full Article at RT.com

Beijing slaps up to 212% tariffs on Australian wine in response to price-dumping

Chinese regulators said on Friday they would start imposing heavy duties on Australian wines after finding preliminary evidence of dumping. The move comes amid deteriorating trade relations between Canberra and Beijing. Read Full Article at RT.com

‘Like mafia’: US tramples over European sovereignty in bid to stop Nord Stream 2, EU must FIGHT BACK, German MP tells RT

Washington’s desperate attempts to stop the construction of the Nord Stream 2 gas pipeline linking Russia and Germany resemble mafia methods, senior German parliament member, Klaus Ernst, told RT, calling on the EU to fight back. Read Full Article at RT.com

‘Like mafia’: US tramples over European sovereignty in bid to stop Nord Stream 2, EU must FIGHT BACK – German MP to RT

Washington’s desperate attempts to stop the construction of the Nord Stream 2 gas pipeline linking Russia and Germany resemble mafia methods, senior German parliament member, Klaus Ernst, told RT, calling on the EU to fight back. Read Full Article at RT.com

Happiest place on Earth? Disney axes 32,000 jobs as Covid-19 pandemic leaves theme parks empty

The Walt Disney Company said it is laying off more than 30,000 employees, mostly at its theme parks, as the coronavirus lockdown renders the very existence of resorts and parks absolutely pointless. Read Full Article at RT.com

Bitcoin will get rid of all empires, including the American one – Max Keiser

The hosts of RT’s Keiser Report, Max Keiser and Stacy Herbert, look for some reasons to be thankful in an otherwise miserable year. Read Full Article at RT.com

US shale bankruptcies accelerate despite pandemic protection

The US oil industry has had a particularly tough time coping with the Covid-19 pandemic despite numerous federal relief measures to help ease the pain. Read Full Article at RT.com

China accuses India of market violations as more Chinese apps are banned

Beijing says India is violating basic market principles and rules of the World Trade Organization (WTO) after the country barred 47 Chinese apps over alleged security concerns. Read Full Article at RT.com

Race for Covid-19 cure: Boom Bust explores why EU has a problem with Russia’s cheap and effective vaccine

As Russian scientists boast about the high efficacy and low price of their pioneering Sputnik V vaccine, the race for a Covid-19 cure in other countries goes on. RT’s Boom Bust looks into the issue. Read Full Article at RT.com

From Russia with wheat: Exports by global grain superpower on track to hit record high

The volume of global wheat exports from Russia in the 2020-2021 agricultural year (which started July 1) is set to approach the historical record level of the 2017-2018 crop year, a report by the Sovekon research center has said. Read Full Article at RT.com

Russian nuclear-powered icebreaker completes maiden Arctic voyage to the Northern Sea Route

Russia’s newest nuclear-powered icebreaker, the Arktika, has completed its first Arctic mission to the Northern Sea Route (NSR), according to the country’s nuclear icebreaker fleet operator, AtomFlot. Read Full Article at RT.com

China’s digital economy exceeds $5 TRILLION in 2019

A new report by the Chinese Academy of Cyberspace Studies showed the nation's digital economy reached 35.8 trillion yuan ($5.45 trillion) last year, accounting for 36.2 percent of the country's total GDP. Read Full Article at RT.com

India likely to hold off on joining world’s largest free-trade agreement in favor of bilateral deals, expert says

New Delhi is unlikely to join the major free-trade agreement that unites 15 regional economies led by China and Japan. The world’s fifth-biggest economy will reportedly focus on bilateral agreements instead. Read Full Article at RT.com

Everything on planet Earth will someday be priced in Bitcoin – Max Keiser

As the price of bitcoin has been surging, the hosts of Keiser Report, Max Keiser and Stacy Herbert, discuss how the biggest asset manager in the world, BlackRock, is finally admitting that bitcoin will take the place of gold. Read Full Article at RT.com

Elon Musk leaves Bill Gates behind to become SECOND-RICHEST person on planet

Tesla founder Elon Musk’s net worth soared to $127.9 billion on Monday, driven by yet another surge in the company’s share price. And so, the 49-year-old billionaire has surpassed Bill Gates as the world’s second-richest man. Read Full Article at RT.com

China declares victory over absolute poverty nationwide, lifting 99 MILLION people from penury since 2012

The last nine impoverished counties in China’s southwestern province of Guizhou were removed from the country's poverty list on Monday. The nation has thus ended absolute poverty one month before its self-imposed deadline. Read Full Article at RT.com

UN accuses Japan of ‘extrajudicial abuse’ in arrest of former Nissan boss Carlos Ghosn

Japanese authorities should compensate the former head of the Nissan-Renault alliance, Carlos Ghosn, for his lengthy and repeated “arbitrary” detention, a UN human right panel has concluded. Read Full Article at RT.com

Covid-19 vaccine developments pushing US dollar lower

The US currency continued to weaken on Monday as promising news on coronavirus vaccine rollouts have been weighing on the greenback. Experts say that traders’ appetite for riskier assets is growing. Read Full Article at RT.com

Finalizing Brexit deal doesn’t matter as UK secured agreements with key allies, business leader says

London and Brussels have still not found common ground on a trade deal despite the looming Brexit deadline. However, the UK has signed plenty of bilateral agreements, making a no-deal Brexit easier for it, Boom Bust found out. Read Full Article at RT.com

There’s no alternative to the WTO, but it needs reform – Putin

Russian President Vladimir Putin has told G20 leaders that there is nothing to replace the World Trade Organization (WTO), but it should be able to cope with current challenges and needs modernization. Read Full Article at RT.com

German pig farmers lose 1.5 billion euros as industry takes double hit from Covid-19 & swine fever

Germany’s pig farmers are sounding the alarm over a lack of government aid, saying that the very “existence” of the industry depends on it, after the coronavirus crisis and cases of swine fever slashed pork sales. Read Full Article at RT.com

On path to new all-time high? Bitcoin extends its monster rally as it approaches $19,000

The largest cryptocurrency got pretty close to a $19,000 threshold for the first time in almost three years, fueling crypto enthusiasts’ hopes that bitcoin may beat its last record. Read Full Article at RT.com

Euro beats US dollar as world’s most used currency, SWIFT says

The US dollar has lost to the euro as the number one currency for global transactions for the first time in nearly eight years, said the Society for Worldwide Interbank Financial Telecommunications (SWIFT). Read Full Article at RT.com

China extends biggest debt relief to poor countries among G20 states

The world’s largest lender, China, says it has granted debt relief worth a combined $2.1 billion to developing economies hit hard by the coronavirus crisis. Read Full Article at RT.com

India’s economy to return to normal faster than expected – Barclays

The Indian economy is expected to grow 8.5 percent in the 2022 fiscal year, according to Barclays. The firm has raised its earlier projection of seven percent, saying the country will “return to normal” faster than expected. Read Full Article at RT.com

China not ready to lift flight ban on troubled Boeing 737 MAX despite US clearing

Boeing’s 737 MAX jets are still banned from the US company’ biggest market, as China has not changed its position on the plane’s safety and has not allowed the aircraft to take to the skies. Read Full Article at RT.com

Price target $300,000? Bitcoin has no top because fiat money has no bottom — Max Keiser

The hosts of RT’s Keiser Report, Max Keiser and Stacy Herbert, look at Citibank coming out with ‘moonmath’ on bitcoin with a hugely bullish price target of $318,000 by December 2021. Read Full Article at RT.com

US economy on such massive jolt of monetary heroin there’s no dialing back the dosage – Peter Schiff

Stocks have been on a bull run ever since their big March drop at the beginning of the pandemic, so veteran stockbroker Peter Schiff asks: if Covid-19 didn’t hurt the stock market, why should a vaccine help? Read Full Article at RT.com

FAA clears Boeing 737 Max to fly again after 20-month grounding due to deadly crashes

The US Federal Aviation Administration (FAA) on Wednesday cleared Boeing’s 737 Max to fly again after a nearly two-year ban. Boeing’s top-selling plane has been barred from flying after two crashes that killed 346 people. Read Full Article at RT.com

US airlines fighting for survival, need stimulus extension NOW — Allied Pilots Association spokesman tells Boom Bust

As the holiday season is just around the corner, travel is expected to significantly drop due to lockdowns as Covid cases surge. Many airlines are relying on rapid coronavirus tests in an effort to boost travelers’ confidence. Read Full Article at RT.com

Bitcoin approaches record high as it smashes through $18,000

The world’s top cryptocurrency, Bitcoin, rallied above $18,000 on Wednesday for the first time in almost three years. Analysts attributed the surge to global events and bullish fundamentals in crypto. Read Full Article at RT.com

Chinese President Xi commends BRICS nations for joint development of Covid-19 vaccines to restore economies

Brazilian, Chinese and Russian firms are carrying out pivotal phases of clinical trials of coronavirus vaccines, Chinese President Xi Jinping said at the 12th annual BRICS Summit on Tuesday. Read Full Article at RT.com

BRICS nations working together to bring trade bloc’s economies back to sustainable growth after Covid crisis – Putin

BRICS member states have taken emergency steps in order to support national industries, finance and welfare in response to the global coronavirus pandemic, Russian President Vladimir Putin said on Tuesday. Read Full Article at RT.com

EasyJet’s profit dives as coronavirus crisis hammers global travel

UK budget carrier EasyJet said on Tuesday that the company’s revenue had dropped 52.9 percent year-on-year to just £3 billion ($4 billion) due to the Covid pandemic having brought the global travel industry to a halt. Read Full Article at RT.com

US is BROKE – it’s a huge bubble economy completely supported by debt, says Peter Schiff

One of the doctors advising Joe Biden on the coronavirus has said the US needs to impose a complete lockdown for four to six weeks as the government can just pay everybody. Peter Schiff says such a proposal is ridiculous. Read Full Article at RT.com

China may launch yuan-denominated copper contract on Shanghai exchange as global appetite for metal soars

The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates. Copper is the major target of the country’s ambitions. Read Full Article at RT.com

China may launch yuan-denominated copper price benchmark as global appetite for metal soars

The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates. Copper is the major target of the country’s ambitions. Read Full Article at RT.com
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