Bitcoin should be worth $400,000 based on its scarcity – Guggenheim CIO
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The world’s most popular cryptocurrency, bitcoin, should be worth about 20 times more than it is now, based on its scarcity and value relative to gold, according to Guggenheim’s global chief investment officer (CIO) Scott Minerd. Read Full Article at RT.c
Chinese firms raised almost $12 billion through IPOs on US exchanges this year
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A new report by Renaissance Capital found that investor appetite for Chinese companies in US stock markets rose to a six-year high in 2020 despite trade tensions between the two countries. Read Full Article at RT.com
Russia second in Bloomberg rating of economies expected to beat expectations in 2021
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Bloomberg analysts have placed Russia second in its ranking of developing markets with the brightest outlook for the economy for the next year, the study of 17 emerging countries reveals. Read Full Article at RT.com
The rise of bitcoin is no threat to gold – Goldman Sachs
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Bitcoin’s rising popularity doesn’t endanger gold, Goldman Sachs Group said, adding that while the top cryptocurrency may be pinching some demand from the oldest of havens, the precious metal’s standing will endure. Read Full Article at RT.com
China will soon dominate space, entrepreneur tells RT's Keiser Report
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Max Keiser talks to entrepreneur Dan Collins, who has recently returned to the US after 20 years living and working in China. They discuss the implications of China planting its flag on the Moon. Read Full Article at RT.com
Russia’s Nord Stream 2 gas pipeline clearly beneficial for Europe & WILL BE completed – Putin
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President Vladimir Putin says the Russian natural gas pipeline to Germany, Nord Stream 2, is almost finished and will serve European national interests, allowing the continent to buy cheaper Russian gas. Read Full Article at RT.com
Putin wants to cut poverty in Russia by half in next decade
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The goal of reducing the share of Russians with incomes below the subsistence level from 13.5 percent to 6.5 percent by 2030 is ambitious, but realistic, according to Russian President Vladimir Putin. Read Full Article at RT.com
Russia reviving domestic aviation with new aircraft engine, cutting dependence on foreign suppliers, experts tell RT
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The successful maiden flight of the Irkut MC-21-310 aircraft this week is a clear sign that Russia is serious about restoring its civil aviation while reviving its domestic aerospace industry, aviation experts told RT. Read Full Article at RT.com
Bitcoin worth more than JPMorgan as crypto sets new historic peak above $22,000
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The world’s largest cryptocurrency by market capitalization, bitcoin, has reached another milestone in less than 24 hours as its price topped $22,000. Read Full Article at RT.com
Major US investment index to drop 10 Chinese stocks blacklisted by Trump
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American index provider MSCI has followed other global peers in the removal of securities of Chinese firms that have been blacklisted by the outgoing Trump administration. Read Full Article at RT.com
The world’s most popular cryptocurrency, bitcoin, hit a new milestone on Wednesday, smashing through the $20,000 level on increased demand from institutional investors. Read Full Article at RT.com
Pandemic costs Asia-Pacific 81 million jobs & may plunge additional 25 million people into poverty
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Some 81 million people have lost work across the Asia-Pacific this year, as the Covid-19 pandemic created turmoil in the region’s labor market, the International Labour Organization (ILO) has found. Read Full Article at RT.com
Russia’s massive offshore Arctic oil & gas discovery could dwarf Gulf of Mexico & Middle East’s energy reserves
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Russian energy giant Rosneft has announced the discovery of a “unique” gas deposit in the Kara Sea containing an estimated 514 billion cubic meters of natural gas. Read Full Article at RT.com
China accelerates recovery as key economic indicators rise at fastest pace since start of pandemic
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The world’s second-largest economy continues to rebound from the Covid-19 crisis, largely outpacing its global peers. Both retail sales and industrial production in China have showed their highest growth since the pandemic began. Read Full Article at RT.com
Removal from US stock markets won't halt investments in blacklisted Chinese companies, Beijing says
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China has urged the US to “stop wrongful actions of abusing state power,” as it slammed the recent order from Washington that forced Nasdaq to announce the removal of four Chinese firms from its indexes. Read Full Article at RT.com
Year of the ruble: Commodities to push Russian currency higher in 2021, Saxo Bank predicts
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The Russian ruble is currently “undervalued” and has the potential to strengthen by over 10 percent against the US dollar, according to the Chief Investment Officer of Saxo Bank Steen Jakobsen. Read Full Article at RT.com
Australian dollar strengthens on surging iron ore prices & greenback weakness
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The Australian currency continued to gain on the US dollar on Monday, hitting AUD 1.32 against the greenback and reaching the highest level since 2018. Read Full Article at RT.com
What lies behind AstraZeneca’s plan to team up with Russia’s highly criticized Sputnik V? RT’s Boom Bust gropes for an answer
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Earlier this week, British pharmaceutical giant AstraZeneca announced a trial program to test if its experimental coronavirus vaccine can be combined with Russia’s Sputnik V shot, which was previously bashed by the UK media. Read Full Article at RT.com
Ireland tops list of world’s most generous nations as year of living with Covid-19 boosts donations
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While 2020 brought more than a few problems to the vast majority of countries. Analysts have compiled a list of nations that made the most generous donations during the hard times. Read Full Article at RT.com
Oman looks to make the most of its dwindling oil reserves
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Oman has just established a new state-owned company for upstream oil and gas operations to help garner investment interest and further develop its resources. Read Full Article at RT.com
Sweden considers adopting e-krona amid rapid growth of cash-free transactions
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Swedish authorities have announced plans for a step-by-step replacement of the traditional krona with a digital equivalent, signaling a potential shift away from paper money in one of the world’s most cashless societies. Read Full Article at RT.com
The shale revolution may have made the United States and the world's largest natural gas producer, but it has failed to make the biggest US shale gas drillers any richer. Read Full Article at RT.com
Russia considers grain export quota to stabilize domestic food prices
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Russia is preparing a decree authorizing an introduction of a grain export quota and wheat export tax, according to the chairman of the Russian Union of Grain Exporters, Eduard Zernin. Read Full Article at RT.com
War profiteers: Danish pension funds accused of financing war in Yemen
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New research by Oxfam IBIS revealed that Denmark’s 16 pension funds have together invested almost 3 billion Danish kroner ($500 million) in foreign arms manufacturers supplying weapons to countries like Saudi Arabia and the UAE. Read Full Article at RT.com
China opens world’s first suspension bridge combining high-speed rail and road
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China’s new suspension bridge integrating high-speed road and railway has been put into operation in the country’s eastern province of Jiangsu, state news agency Xinhua reports. Read Full Article at RT.com
EU to force Big Tech to police internet or face large fines – report
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The EU will require “very large” tech companies such as Facebook and Amazon to take greater responsibility for policing the internet or face fines of up to six percent of their turnover, the Financial Times reported on Thursday. Read Full Article at RT.co
Will Americans be forced to take Covid vaccine despite side-effects warning? RT’s Boom Bust finds out
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As Canada becomes the third country after Britain and Bahrain to approve coronavirus vaccine developed by Pfizer-BioNTech, the UK health regulator issues an allergy-alarm warning. Read Full Article at RT.com
Russia bans imports of tomatoes & apples from Azerbaijan
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Russia’s agricultural watchdog has restricted shipments of tomatoes and apples from Azerbaijan after pests were found in the products. The embargo comes into force on December 10. Read Full Article at RT.com
Your order, Sir! Robots start delivering restaurant meals in Moscow (PHOTOS, VIDEOS)
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Self-driving robot buggies started delivering restaurant orders to customers in central Moscow this week. Russian Internet giant Yandex is operating the service. Read Full Article at RT.com
Economic decoupling from China ‘act of national self-sabotage’ – Australian MP
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A productive relationship between Canberra and Beijing is in the interest of both countries, according to Tim Watts, a Labor member of Australia’s parliament. Relations between the countries have deteriorated in recent years. Read Full Article at RT.com
Consumer prices in China decline for first time in over decade
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The recovery in pork supply has driven consumer prices in China lower for the first time since 2009, according to new data from the country’s statistics agency. Read Full Article at RT.com
Say what? Apple unveils headphones priced at $549!
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Apple has announced the release date of its new over-ear headphones, AirPods Max, that will cost you as much as a decent smartphone or a budget laptop. Read Full Article at RT.com
Deal or no deal? Boom Bust explores the Brexit saga & what comes next
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The UK and the European Union are back in post-Brexit trade talks, with tensions still running high. UK PM Boris Johnson has warned that securing a deal will be “very difficult” and asked the nation to get ready for changes. Read Full Article at RT.com
Tesla joins exclusive club as company’s market cap eclipses $600 BILLION
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The value of US electric car maker Tesla reached $608 billion on Monday for the first time, as its shares continued their epic 2020 run. The firm thus joins the exclusive club of top-five S&P 500 companies. Read Full Article at RT.com
World Economic Forum moves from Davos to Singapore as pandemic continues to sweep across Europe
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Covid-19 has forced the World Economic Forum (WEF) to move from Davos to Singapore next year. The event will mark only the second time in two decades the key annual business meeting has not taken place in Switzerland. Read Full Article at RT.com
China’s forex reserves hit 4-year high on booming trade & strong yuan
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China boosted its foreign exchange reserves, the world’s largest, by over $50 billion in one month. The holdings rose to the highest in more than four years to reach $3.178 trillion in November. Read Full Article at RT.com
Autonomous cars may hit the road before the end of decade – world’s largest carmaker
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Self-driving cars may be available for sale between 2025 and 2030, Volkswagen boss Herbert Diess has predicted. His company, the leading global automaker by vehicle sales, is currently boosting its investment in the technology. Read Full Article at RT.com
China to build over a million new 5G stations next year
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Chinese telecom carriers have managed to build more than 600,000 new 5G base stations this year, in addition to about 100,000 5G stations built in 2019, said Wu Hequan, an academic at the Chinese Academy of Engineering. Read Full Article at RT.com
Chinese retail giant JD.com becomes first big online shop to accept digital yuan in $3mn ‘lottery’ trial
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China is set to hold one of the biggest trials of its sovereign digital currency, making it available for payments at one of its biggest e-commerce platforms, JD.com, after yet another massive giveaway. Read Full Article at RT.com
Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows
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Russian lawmakers initiated denouncing a tax agreement with the Netherlands. The deal was designed to avoid double taxation, but so far negotiations have come to a deadlock. Read Full Article at RT.com
