British economy crashes nearly 10% in 2020 due to Covid pandemic
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The UK economy suffered the biggest contraction on record, in 2020, experiencing an unprecedented slump in economic and business activity after a series of lockdowns imposed to contain the coronavirus pandemic. Read Full Article at RT.com
Andrew Yang says he’ll make NYC a ‘cryptocurrency hub’ if elected mayor, as bitcoin shoots to record high of $48,000+
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New York City mayoral hopeful Andrew Yang has vowed to transform the Big Apple into a hub for cryptocurrencies if he is elected, as bitcoin soared to a new high after America’s oldest bank said it would deal in the digital token. Read Full Article at RT.com
Weed is the new WallStreetBets darling: Marijuana stocks flying high thanks to Reddit-fueled rally
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Shares of several Canadian cannabis producers continued to soar on Thursday, spurred by a wave of legalization in major US states and the Reddit trading community behind the recent GameStop trading frenzy. Read Full Article at RT.com
Anti-Russia sanctions harm European economy’s global competitiveness, German entrepreneur tells RT
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In a move that can further harm Russia-EU bilateral ties, some European officials are threatening Russia with new punitive measures over jailed opposition figure Alexey Navalny. Read Full Article at RT.com
Keiser Report looks at Nigeria’s futile attempt to ban bitcoin
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Nigeria’s central bank has ordered banks to close the accounts of all cryptocurrency users, warning of «severe regulatory sanctions.» The ban comes as bitcoin penetration in the country is the second highest in the world. Read Full Article at RT
US sells over a million barrels of seized Iranian fuel headed for Venezuela
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The United States has sold more than a million barrels of Iranian fuel seized under its sanctions program last year, Reuters reported on Thursday, citing the US Department of Justice. Read Full Article at RT.com
Germany offered US ‘dirty deal’ to drop sanctions against Nord Stream 2, environmentalists claim
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In a last-ditch effort to save a vital gas project from US sanctions, Berlin offered Washington €1 billion ($1.21 billion) to boost imports of American liquified natural gas (LNG) in exchange, a German eco-group claims. Read Full Article at RT.com
What are the real dangers of artificial intelligence? RT's Boom Bust explores...
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With artificial intelligence (AI) steadily progressing, concerns have been growing about how much innovation is too much. Cybersecurity expert Morgan Wright offers his forecast for the industry. Read Full Article at RT.com
China & East Asian economies boost global market share amid pandemic – UN
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Rapid recovery from the coronavirus crisis helped China and some East Asian nations boost their share of global trade in 2020, while most economies suffered a steep drop in both exports and imports, according to a UN report. Read Full Article at RT.com
Central banks are transferring wealth from the average person to the likes of Bill Gates and Jeff Bezos – RT's Keiser Report
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The money supply increased dramatically in the US in 2020 since the lockdowns closed the economy. RT’s Keiser Report talks to Mike Maloney, a leading expert on monetary history, economics, and precious metals. Read Full Article at RT.com
Oil touches 13-month high driven by global recovery hopes & OPEC+ supply cuts
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Crude oil futures secured further gains on Tuesday, with both global benchmark Brent and US West Texas Intermediate (WTI) climbing to the highest levels since January 2020. Read Full Article at RT.com
Bitcoin to top $100,000 this year as more companies adopt cryptocurrency, says investor Mike Novogratz
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Bitcoin could more than double in price by the end of the year as more firms allow customers to use it to make purchases, says Michael Novogratz, the founder of cryptocurrency investment firm Galaxy Digital. Read Full Article at RT.com
Bitcoin shoots past $43,000 as Tesla announces plan to start accepting cryptocurrency
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The largest cryptocurrency, bitcoin, surged to a record high of over $43,000 on Monday following the news that Tesla has invested $1.5 billion in the digital asset and expects to start accepting it as payment. Read Full Article at RT.com
‘Who let the Doge out?’ Musk’s favorite canine-crypto smashes another record high as celebrities jump on board
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Dogecoin briefly touched new record levels on Monday, remaining among the world's top 10 cryptocurrencies, after rapper Snoop Dogg and rocker Gene Simmons joined Elon Musk in driving the trading craze of the meme-inspired token. Read Full Article at RT.com
China to give away over $6mn in digital currency during Lunar New Year in massive e-yuan trials
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As China gets ready to celebrate one of its biggest holidays, the Lunar New Year, authorities in Beijing and Suzhou are handing out 40 million yuan ($6.2 million) in another public lottery as part of digital currency tests. Read Full Article at RT.com
Why is Google failing to compete with video game makers when the sector is booming? RT’s Boom Bust finds out
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Google announced plans to shut down its internal Stadia game development division, as the US tech giant refocuses it into a platform for streaming games from existing developers instead of producing its own exclusive game content. Read Full Article at RT.com
Turkey aims to be among world’s 10 biggest economies as Erdogan lures major investments
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Turkish President Recep Tayyip Erdogan has announced an ambitious plan to make Turkey the 10th largest economy in the world. The state leader said that engaging in major investments would boost the country’s GDP. Read Full Article at RT.com
China has just launched world's largest carbon market
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For many years, China sacrificed environmental stewardship at the altar of economic growth, adopting a growth-at-all-costs strategy. Read Full Article at RT.com
Global food prices soar to 6-year high, UN agency says
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World food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, according to a report by the Food and Agriculture Organization (FAO) of the United Nations. Read Full Article at RT.com
China’s trade turnover with Central and Eastern Europe tops $100 billion despite pandemic-hit 2020
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Mutual trade between China and 17 nations in Central and Eastern Europe in 2020 exceeded $100 billion for the first time ever, according to China’s Ministry of Commerce. Read Full Article at RT.com
Austria says ‘no’ to politicizing Nord Stream 2 as Brussels & Washington call for sanctions over arrest of opposition figure
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The Russian-led Nord Stream 2 offshore gas pipeline project shouldn’t be tied to the case of opposition figure Alexey Navalny, who was sentenced to jail for violating his probation, Austrian Chancellor Sebastian Kurz has said. Read Full Article at RT.com
Can Big Tech afford antitrust violations after new law comes into force? RT’s Boom Bust finds out
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US Senator Amy Klobuchar, who is now the chair of the senate judiciary subcommittee, has announced a new sweeping antitrust legislation that would significantly raise the risk for companies such as Facebook, Apple, and Google. Read Full Article at RT.com
Chinese TikTok rival Kuaishou share price nearly triples in IPO debut
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Shares in the Chinese short video app Kuaishou almost tripled on their Hong Kong debut on Friday, surging to HK$338 ($43.60) upon opening, from an IPO price of HK$115 ($14.80). Read Full Article at RT.com
Canada's oil heartland wants to make US pay for scrapped Keystone XL pipeline
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Alberta, Canada’s oil heartland, may seek compensation from the United States after newly inaugurated President Joe Biden moved to nix the Keystone XL Pipeline, Bloomberg said on Thursday. Read Full Article at RT.com
One-word tweet from Elon Musk launches crypto dogecoin into the stratosphere
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Two days after Elon Musk’s self-proclaimed break from Twitter, the eccentric billionaire took to the microblogging platform to set off another crypto craze that evoked an unprecedented surge for dogecoin cryptocurrency. Read Full Article at RT.com
Sharpest decline in aviation history: Passenger traffic plunged 66% last year due to pandemic, IATA says
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The number of global air passengers declined “dramatically” last year due to travel restrictions imposed over the Covid-19 pandemic, the International Air Transport Association (IATA) said on Wednesday. Read Full Article at RT.com
Is Reddit crowd behind silver short-squeeze? RT’s Boom Bust investigates
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A buying frenzy has swept the silver market as the Reddit community rushed over to commodities, with the price of the white metal soaring to an eight-year high this week. Read Full Article at RT.com
China stocking up on chips & high-tech equipment to negate US sanctions
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China is increasing imports of computer chips and equipment required to manufacture them in a bid to mitigate the impact of a US ban on high-tech exports, as Beijing’s semiconductor industry struggles to meet domestic demand. Read Full Article at RT.com
Indian stocks soar to record highs as economic recovery picks up
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India’s key stock indices extended their winning streak to reach new record highs on Wednesday. The rally is driven by positive economic data and government plans to boost spending to secure further recovery from the pandemic. Read Full Article at RT.com
Grain exports by Russia in the current agricultural year, from last July to June 2021, have already hit 34.3 million tons, 25 percent more than during the same period last season. Read Full Article at RT.com
Robinhood is ‘toast’ after GameStop fiasco, says real-life Wolf of Wall Street Jordan Belfort
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The “knee-jerk” decision by Robinhood to stop the trading of high-flying stocks is “a bit troubling,” according to Jordan Belfort, the author of ‘The Wolf of Wall Street’. They could have just as easily raised the margin, he says. Read Full Articl
Central banks do not have the physical gold they pretend to have, fund manager tells Keiser Report
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Max Keiser interviews Egon von Greyerz of GoldSwitzerland.com about the impossibility of price discovery because of the paper gold market, in which $70 trillion is traded every year against $213 billion annual mine production. Read Full Article at RT.com
BP records mammoth loss as pandemic rattles oil industry
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The bloodbath in the energy markets created by the Covid-19 pandemic has left a multi-billion dollar hole in BP’s finances, the oil giant’s quarterly and annual reports have revealed. Read Full Article at RT.com
Washington could put US tech in danger by going after Huawei, Professor Wolff tells Boom Bust
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The US-China ‘phase one’ trade deal has paused a tariff fight between the world’s top two economies that started in 2018. Boom Bust explores US President Joe Biden’s plan for China and Huawei. Read Full Article at RT.com
India's biggest airline expects international travel to recover this year
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IndiGo, India’s flagship airline, has said it expects passenger numbers on international flights to fully recover before the end of 2021, and sees room for growth after the pandemic is over. Read Full Article at RT.com
Silver spike could mean bubbles in metals & other commodities, warns Commerzbank
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The recent Reddit-fueled buying frenzy, which sent silver prices up by as much as 13 percent on Monday, could go on for some time, according to Commerzbank. Some metals and commodities could also be next in line to rally, it said. Read Full Article at RT.com
GameStop, AMC stocks rise as retail traders look to inflict more pain on Wall Street
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Shares of US bricks-and-mortar videogame retailer GameStop and movie theater giant AMC Entertainment surged in pre-market trading on Monday as small traders continue to short-squeeze Wall Street hedge funds. Read Full Article at RT.com
GameStop, AMC stocks rise as retail traders put squeeze on Wall Street giants
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Shares of US bricks-and-mortar videogame retailer GameStop and movie theater giant AMC Entertainment surged in pre-market trading on Monday as small traders look to inflict more pain on Wall Street. Read Full Article at RT.com
Ryanair expects to lose over $1 BILLION this year due to travel restrictions
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European carrier Ryanair said on Monday it expects this fiscal year to be “the most challenging” in its 35 year-history, with the budget airline on track to lose close to €1 billion ($1.2 billion) as a result of the pandemic. Read Full Article at RT.com
