Heathrow no longer Europe’s busiest airport as pandemic cripples travel demand
newsdepo.com
London’s Heathrow Airport has lost its leadership position among European air hubs by the amount of passenger traffic last year, as most countries kept their borders shut to contain Covid-19. Read Full Article at RT.com
Russia plans earliest-ever shipment of Arctic LNG to Asia
newsdepo.com
Russian gas producer Novatek plans to send cargo from its Yamal LNG facility to Asian markets via the Northern Sea Route (NSR) in early May with the help of an ice-breaker, sources told Bloomberg. Read Full Article at RT.com
China becomes only major economy to record growth during pandemic
newsdepo.com
China’s economy expanded by 2.3 percent last year despite the impact of the coronavirus pandemic. The country’s economic recovery accelerated in the last three months of 2020 and returned to pre-crisis levels. Read Full Article at RT.com
Libya's worn-out pipelines may give more relief to battered oil market
newsdepo.com
Crude output of OPEC member Libya has fallen by up to 200,000 barrels a day due to a leaking pipeline, the country’s oil major has announced, noting that production levels can further decrease. Read Full Article at RT.com
Coronavirus to push Hong Kong’s jobless rate beyond 16-year peak
newsdepo.com
The economy of the leading Chinese and global financial center, Hong Kong, is still reeling from the pandemic, and its unemployment rate could a reach a new multi-year high, the city’s financial secretary said. Read Full Article at RT.com
One more European firm caves to US pressure on Nord Stream 2 project – media
newsdepo.com
One of the largest insurers in Switzerland, Zurich Insurance Group, has decided to sever ties with the Russian-led Nord Stream 2 gas pipeline project amid US sanctions pressure, according to media reports. Read Full Article at RT.com
China may topple US as world’s largest economy sooner than expected
newsdepo.com
The world’s second-largest economy China’s GDP is projected to expand 8.2 percent this year, continuing to outpace global peers including the United States, according to a Bloomberg survey of economists. Read Full Article at RT.com
EU wants to shield itself from US sanctions & cut dependence on dollar – reports
newsdepo.com
Frustrated by US unilateral sanctions under the Trump administration, the European Commission is reportedly working on a plan to assert its financial and economic autonomy and limit the bloc’s reliance on the greenback. Read Full Article at RT.com
Global smartphone market shrinks almost 9% in 2020 – report
newsdepo.com
Worldwide shipments of smartphones tumbled nearly nine percent last year as the coronavirus pandemic took its toll on the global economy, according to analysis by Digitimes Research. Read Full Article at RT.com
Trump wants US government to restrict more goods & services from China
newsdepo.com
With just days left in office, US President Donald Trump, has taken another swipe at Beijing, ordering government agencies to look for ways to minimize procurement of Chinese goods and services. Read Full Article at RT.com
US shale could be the biggest winner of the latest OPEC cuts
newsdepo.com
OPEC’s major output cut may be a lifeline for US shale, which is struggling under the weight of the new pandemic world order. Read Full Article at RT.com
US blacklists tech giant Xiaomi & major oil producer CNOOC in Trump’s final push against Chinese firms
newsdepo.com
The outgoing Trump administration is using its final days to further escalate tensions with Beijing as it blacklists more Chinese firms, including one of the biggest global smartphone makers, Xiaomi, and oil giant CNOOC. Read Full Article at RT.com
Russia's foreign exchange reserves reach almost $600 BILLION
newsdepo.com
Russian gold and foreign currency holdings have increased to a total of $597.4 billion as of January 8, according to the latest data released by the country’s central bank. Read Full Article at RT.com
Russia’s Nord Stream 2 is ‘part of a reliable gas supply system’ for Europe for years to come – German MP
newsdepo.com
Allegations that the Nord Stream 2 project’s implementation could lead to Europe’s over-reliance on Russian energy supplies are groundless, says a member of Germany’s Social Democratic Party (SPD), Jochen Schulte. Read Full Article at RT.com
Goodbye, Big Tech? People are losing trust in social media platforms, economist tells Boom Bust
newsdepo.com
WhatsApp users have been turning to other encrypted messaging services, particularly Telegram and Signal, since the Facebook-owned app updated its privacy terms. The rival apps have now been uploaded millions of times worldwide. Read Full Article at RT.com
China soon to rival NY & London as world’s financial center – Ray Dalio
newsdepo.com
It is only a matter of time before China’s financial system becomes a contender for Wall Street and the City of London’s supremacy, according to the founder of investment firm Bridgewater Associates, Ray Dalio. Read Full Article at RT.com
Russia to win back crown of world’s top wheat exporter despite looming quotas & export tax
newsdepo.com
Russia will retake the lead in global wheat exports in spite of an upcoming grain export quota and wheat export tax, the US Department of Agriculture (USDA) said in the latest industry outlook. Read Full Article at RT.com
Share of gold in Russian national reserves beats US dollar holdings for first time ever
newsdepo.com
The gold share of Russia’s foreign exchange holdings rose to 22.9 percent over the year to June 30, 2020, according to data revealed by the country’s central bank. Read Full Article at RT.com
India to see quickest economic rebound in Asia, says UBS
newsdepo.com
A new report by UBS Global Research has projected India’s economic growth as reaching a multi-decade high in 2022. Its economy is expected to clock the fastest growth of all Asian nations, it said. Read Full Article at RT.com
Russian Arctic sea route shipping tops 33 million tons in 2020
newsdepo.com
The volume of cargo transported via Russia’s Northern Sea Route (NSR) is constantly growing and has increased by 4.7 percent year-on-year in 2020, said the State Atomic Energy Corporation Rosatom. Read Full Article at RT.com
Twitter stock crashes after company permanently bans Trump’s account
newsdepo.com
Twitter shares dropped over eleven percent on Monday after the social networking service permanently removed US President Donald Trump from its platform, following last week’s violent protests by his supporters on Capitol Hill. Read Full Article at RT.com
Freight traffic between China & Europe hit all-time high in 2020
newsdepo.com
A record 12,400 freight-train trips between China and Europe were made in 2020, according to the China State Railway Group. That’s up 50 percent from the previous year, the railway operator said. Read Full Article at RT.com
Tesla is making a major push for Chinese market share
newsdepo.com
Tesla is shaking up the competition once again with the release of its new Model Y in China for a lower-than-expected price that’s reportedly causing a run of advance orders. Read Full Article at RT.com
Apple & Hyundai to start production of self-driving electric ‘iCar’ in 2024 – reports
newsdepo.com
South Korean carmaker Hyundai and US tech giant Apple may soon finalize their rumored deal on autonomous electric cars, with vehicles expected to roll off the production line in three years, according to a local media report. Read Full Article at RT.com
US dollar demise will soon be attributed to bitcoin rise – Max Keiser
newsdepo.com
The leading global cryptocurrency’s parabolic surge is already off the US’ money printing chart, but unlike fiat money, it’s going to keep rising. RT’s Keiser Report hosts, Max Keiser and Stacy Herbert, explain why. Read Full Article at RT.com
China plans to turn up heat in crackdown on monopolies after opening probe into online giant Alibaba
newsdepo.com
As Chinese digital behemoths continue to expand, the government will concentrate its efforts on regulating monopolies this year, officials said at an annual legal meeting. Read Full Article at RT.com
Why doesn’t Facebook just buy your data if it’s so valuable? RT’s Boom Bust digs into WhatsApp privacy controversy
newsdepo.com
The recent changes to WhatsApp’s privacy policy, requiring users to share their data with owner Facebook or leave the platform altogether, have drawn the ire of many users, and even fellow tech entrepreneurs. Read Full Article at RT.com
Russia more than doubles natural gas exports via TurkStream pipeline
newsdepo.com
Supplies of gas to Turkey and Europe via offshore pipeline TurkStream have increased more than twofold in a year since the launch of the project, according to Russian energy giant Gazprom. Read Full Article at RT.com
Global food prices surge to multi-year highs with more inflation yet to come – UN
newsdepo.com
After seven months of consecutive growth, food prices finally reached a three-year peak for the whole pandemic year, according to the UN food security agency, the Food and Agriculture Organization (FAO). Read Full Article at RT.com
Cryptocurrency market value hits record $1 trillion as bitcoin reaches new eye-popping highs
newsdepo.com
The total value of all the digital currencies has reached $1 trillion for the first time ever after the leading crypto asset, bitcoin, continued its bull run to the next all-time peak. Read Full Article at RT.com
Michelin to slash 2,300 workers in France to boost production efficiency
newsdepo.com
French tire maker Michelin will eliminate as much as 2,300 jobs across its production facilities in France, although no factories will be closed. The measure comes as the producer reinforces activities outside its core business. Read Full Article at RT.com
Wild swings resume as bitcoin soars to dizzying heights
newsdepo.com
The price of bitcoin has set another record, reaching more than $35,000 after a sharp drop earlier this week that wiped out nearly 20 percent of the world’s first cryptocurrency’s value. Read Full Article at RT.com
As 2020 meant a slowdown in coal production and use, experts and governments were confident that the industry would pick up again as pandemic restrictions eased. Read Full Article at RT.com
Beijing vows to take necessary measures after Trump’s latest attack on Chinese payment apps
newsdepo.com
Chinese authorities will take necessary measures to safeguard the legitimate rights of the country’s companies against US aggression, China’s Foreign Ministry spokeswoman Hua Chunying has said. Read Full Article at RT.com
Fiat Chrysler & Peugeot say ‘yes’ to creating the world’s fourth-largest automaker in $58bn merger
newsdepo.com
Shareholders of both Fiat Chrysler Automobiles and Group PSA, the French maker of Peugeot and Citroën cars, approved a $58 billion merger that will turn them into the world’s fourth-biggest car producer. Read Full Article at RT.com
Norwegian electric-vehicle sales overtake petrol & diesel models for first time, but Tesla beaten to top spot
newsdepo.com
Norway has become the world’s number-one nation for electric vehicles, which comprised more than 50 percent of all new car sales in the country, the Norwegian Road Federation (OFV) reported on Tuesday. Read Full Article at RT.com
Britain provides £4.6 billion to help struggling businesses survive through renewed Covid-19 lockdown
newsdepo.com
The UK Finance Ministry has announced a new aid package worth £4.6 billion ($6.2 billion) to support firms hit by a renewed Covid-19 lockdown that is likely to last until March. Read Full Article at RT.com
Oil rises to multi-month highs as OPEC+ likely to follow current production policy
newsdepo.com
Oil prices reached the highest levels in nearly a year on expectations that OPEC and allied producers led by Russia may keep the production quota in February unchanged amid weak oil demand caused by the global pandemic crisis. Read Full Article at RT.com
De-dollarization in overdrive: Russia & China boost settlements in national currencies to 25%
newsdepo.com
Moscow and Beijing have ramped up the share of settlements in national currencies to 25 percent this year against a modest two percent recorded seven years ago, according to the Russian Ambassador to China Andrey Denisov. Read Full Article at RT.com
New year, new record: Bitcoin pushes past historic new milestone of $30,000
newsdepo.com
After quadrupling in value over the last 12 months, the world’s largest cryptocurrency, bitcoin, set a new all-time record on the second day of the new year, climbing above $30,000 Read Full Article at RT.com
