Bitcoin surges to new peak as it continues bull run to next milestone: $30,000
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After quadrupling in value over the last 12 months, the world’s largest cryptocurrency, bitcoin, hit a new all-time record of $29,848 on the second day of the new year. Read Full Article at RT.com
China to build over 600,000 new 5G stations in 2021
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China’s Ministry of Industry and Information Technology said the nation plans to accelerate the rollout of wireless technology while launching hundreds of thousands of new 5G base stations this year. Read Full Article at RT.com
Move over, Hollywood! China overtook US as world's biggest movie box office in 2020, set to keep title PERMANENTLY
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Chinese movie ticket sales surpassed those of the US last year, as the global cinema industry struggled to stay afloat amid coronavirus restrictions. The trend began even before the pandemic hit and might be here to stay. Read Full Article at RT.com
Next year will be ‘good time to die’ for ‘fabulous fiction’ of fiat system – RT’s Keiser Report
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The hosts of RT’s Keiser Report, Max Keiser and Stacy Herbert, look at what 2021 has in store for one of the fastest growing assets of the year, bitcoin, and the impact of its triumph on the fiat money. Read Full Article at RT.com
Moscow stock exchange trading volumes to set new historical record amid pandemic
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Total trading volume across markets on the Moscow Exchange could reach 924 trillion rubles ($12.34 trillion) in 2020, setting an all-time high, according to the Chairman of the Executive Board and CEO Yury Denisov. Read Full Article at RT.com
US raises tariffs on French & German wines and aircraft parts over ‘unfair’ Airbus subsidies
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Citing the ‘unfairness’ of European Union subsidies to Airbus and tariffs imposed on US-based Boeing products, the US Trade Representative’s office said it would raise dues on certain French and German wines and spirits. Read Full Article at RT.com
Honda to quit Russian auto market in 2022 as demand slides
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Official auto dealers in Russia will no longer receive new Honda cars starting from 2022, the subsidiary of the Japanese automaker has announced, explaining the move as part of its restructuring efforts. Read Full Article at RT.com
Oil resurgence in 2021? RT’s Boom Bust explores the future of the crude market
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One of the worst-hit sectors this year, energy, is currently seeing some positive gains. Analysts predict that oil is going to reach new highs next year. Boom Bust talks to Michele Schneider of MarketGauge.com to find out. Read Full Article at RT.com
Jack Ma loses nearly $11 billion as China tightens scrutiny on his business empire
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China’s regulatory crackdown on Jack Ma’s businesses, including e-commerce giant Alibaba and online payments platform Ant Group, has wiped around $11 billion from his fortune in just two months. Read Full Article at RT.com
Bitcoin sets new all-time high above $28,500, on track for biggest monthly gain since 2019
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The world’s most popular crypto, bitcoin, hit a new high of $28,579 during trading on Wednesday, inching closer to a psychological level of $30,000. The price of the digital asset has nearly tripled year-to-date. Read Full Article at RT.com
Despite Covid-19’s impact on the industry as a whole, Brazil’s oil boom has exploded thanks to growing Asian demand for its sweet crude blend. Read Full Article at RT.com
Australia’s economy may NEVER return to previous growth due to trade row with China – report
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Research firm Capital Economics said that Australia’s economy has been badly hit by escalating trade tensions with China, and it is possible that growth might “never return” to pre-virus levels even when the pandemic is over. Read Full Article at RT.com
Construction of German stretch of Nord Stream 2 gas pipeline FINISHED, company says
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Nord Stream 2 AG, the company managing a major project to bring Russian gas to Europe, announced on Monday that the construction of the 2.6-kilometer stretch of the gas pipeline in German waters has been completed. Read Full Article at RT.com
Russia’s Far East attracts over $17 BILLION in foreign investment
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Foreign direct investment in the Russian Far East has grown significantly since 2013, according to Deputy Prime Minister Yuri Trutnev. Special economic zoning and concessions have stoked investor interest in the region. Read Full Article at RT.com
Britain looks to clinch free trade agreement with Turkey as independence from EU nears
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The British government has expressed its hopes of signing a trade deal with Turkey ahead of the end of the Brexit transition period, when the UK quits the EU’s trading arrangements. Read Full Article at RT.com
Gold hits one-week peak as dollar tumbles after Trump signs stimulus
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The price of gold grew by as much as 1.3 percent on Monday, as the US dollar slipped following President Donald Trump’s signing of a long-awaited $900 billion coronavirus stimulus package. Read Full Article at RT.com
Alibaba stock slides after China cracks down on monopolies
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Internet giant Alibaba’s stock dropped by as much as eight percent, leading a tech selloff in Hong Kong on Monday, amid the ongoing investigation by China’s antitrust regulators. Read Full Article at RT.com
China’s biggest oil & natural gas basin reaches record output
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Over 60 million tons equivalent of crude oil and natural gas has been produced at China’s Changqing Oilfield so far this year. The volume accounts for about a sixth of domestic production. Read Full Article at RT.com
Bitcoin pushes through $28,000 mark on its steady path to the next symbolic milestone
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Bitcoin has briefly topped the $28,000 level, as the world’s leading digital asset continues on its rally, climbing to a brand new all-time high virtually every hour. Read Full Article at RT.com
The beginning of production at what is now Asia’s deepest offshore natural gas field will increase the share of natural gas in India’s energy basket. Read Full Article at RT.com
Is it possible to get even richer after devastating coronavirus pandemic? Danes say ‘yes’
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While economists unanimously forecast that the Covid-19 pandemic will leave the world rattled and suffering from extreme hunger and impoverishment, citizens of the European state of Denmark have gotten fabulously richer. Read Full Article at RT.com
Why India is the most exciting renewable market in the world
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As India races towards its ambitious climate goals, it is quickly becoming one of the most exciting renewable energy markets on the planet. Read Full Article at RT.com
Pinning down priorities: Russia’s central bank boss sent coded messages to financial market via her… BROOCHES
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Elvira Nabiullina, Russia’s Central Bank chief, said the brooches she wore this year during press conferences after making decisions on key interest rates were all very carefully chosen. Read Full Article at RT.com
China to dethrone US as world’s biggest economy sooner than we'd predicted, expert group says
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The Centre for Economics and Business Research (CEBR) expects that China’s economy will outshine that of the US by 2028, half a decade sooner than it had previously forecast. Read Full Article at RT.com
Digital currencies may challenge SWIFT global payment network, says Russian central bank
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The development of digital currencies may challenge the SWIFT international banking payment system and could eventually make it redundant, the Central Bank of Russia (CBR) has said. Read Full Article at RT.com
Russia to invest more than $200 billion in fighting poverty
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The Russian government is to spend a total of 15.3 trillion rubles (nearly $207 billion) over five years to reduce poverty and boost citizens’ real incomes, the country’s Accounts Chamber has said in its latest report. Read Full Article at RT.com
Russia’s foreign exchange holdings rose by over one percent in one week to reach a total of $593.6 billion, according to the latest central bank data. Read Full Article at RT.com
Alibaba stock plunges after China launches anti-monopoly probe into online retailer
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China’s antitrust regulator has kicked off an investigation into alleged monopolistic practices of internet giant Alibaba. One of Jack Ma’s other crown jewels, Ant Group, has been summoned for a regulatory meeting. Read Full Article at RT.com
Biden will remain tough on China but will leave room to repair relationship, economics professor tells Boom Bust
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The Trump administration has continued to ramp up hostilities with Beijing in its final days in power, having published a new list of restricted Chinese companies. Read Full Article at RT.com
Countries around the world spent over $13 TRILLION to combat Covid-19 pandemic – report
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Global leaders have committed trillions of dollars to battle the coronavirus pandemic and support the global economy, Japanese business newspaper Nikkei reported on Wednesday, citing its experts. Read Full Article at RT.com
Apple’s shares surge on reported plans to launch self-driving electric car in 2024
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Reported efforts by Apple to get into the automotive market and make a passenger vehicle that features its own battery technology boosted the iPhone maker’s stock more than two percent after markets opened on Tuesday. Read Full Article at RT.com
Record public borrowing brings UK debt pile to £2.1 trillion
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UK public debt grew to the size of the entire British economy in the first eight months of the financial year, the highest level since the early 1960s, as a result of the coronavirus pandemic. Read Full Article at RT.com
Warren Buffett is a leech living on US government bailouts – Max Keiser
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RT’s Keiser Report looks at why the mainstream media is always calling on people to trust central banks. Meanwhile, billionaire investor Warren Buffett says the economy needs another injection. Read Full Article at RT.com
Russia looking to bolster oil supplies to India for decades ahead
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Russia retains a solid place in the Indian energy market, and wants to expand its oil exports to the South Asian country, says Russian Ambassador to India Nikolai Kudashev. Read Full Article at RT.com
Moscow Exchange sows seeds of potential with launch of wheat futures contracts
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The Derivatives Market at the Moscow Exchange (MOEX) has launched trading of physically settled Russian grain futures contracts. The product is set to replace a swap contract that closed earlier this year. Read Full Article at RT.com
Gold rallies to 6-week high on US stimulus deal & Covid lockdowns
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The price of gold continued to rise on Monday, after the US Congress reached a long-sought coronavirus aid package agreement. Lockdowns in the UK have also boosted investor appetite towards the precious metal. Read Full Article at RT.com
Govt aware latest lockdown could have ‘severe’ impact on British economy — UK health minister
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The economic impact of fresh restrictions introduced by UK Prime Minister Boris Johnson amid a rapidly spreading new coronavirus strain are expected to be very severe, admits British Health Minister Matt Hancock. Read Full Article at RT.com
There is too much hype surrounding electric vehicles (EVs), one of the world’s top automakers, Japan’s Toyota, says, noting that the electricity needed to charge electric cars would strain grids and increase carbon emissions. Read Full Article at RT.com
Covid-19 pandemic causes minor damage to corporate India, but takes heavy toll on the poor, Credit Suisse says
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The cost of the Covid-19 pandemic on the Indian economy is smaller than was projected, as the corporate sector managed to bring down costs and bolster balance sheets, according to Credit Suisse’s top equity strategist for India. Read Full Article at RT.com
IMF unlocks $1.67 billion tranche to Egypt as public debt & Covid-19 jeopardize economy
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The executive board of the International Monetary Fund (IMF) has allowed the Egyptian authorities to draw $1.67 billion under a 12-month standby arrangement. Read Full Article at RT.com
