Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd. Read Full Article at RT.com
Smaller Russian oil corporations oust energy giants from top of WWF environmental rating
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Russia’s oil and gas companies have demonstrated distinctly higher transparency of ecological information, with minor firms taking lead positions in the annual ranking by the World Wildlife Fund Russia and energy consultant Creon. Read Full Article at RT.co
US Dollar slide expected to continue into next year on risky bets & stimulus speculation
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The US currency’s downward trend is likely to last at least another six months as investors continue to shift to risky assets and higher returns, a Reuters poll of currency strategists found. Read Full Article at RT.com
Pakistan calls for debt relief for poor countries struggling with Covid-19 pandemic
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The international community should offer substantial help to developing countries struggling to avert economic collapse amid the coronavirus crisis, according to Pakistan’s Prime Minister Imran Khan. Read Full Article at RT.com
EU-Asia partnership is a ‘crystal-clear message’ to Biden to end US protectionism in trade – Prof. Wolff
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After six years of negotiating, the European Union and the Association of Southeast Asian Nations (ASEAN), a group consisting of 10 Asian countries, have upgraded their relationship to a “strategic partnership.” Read Full Article at RT.com
Beijing launches 1,100km section of Russia-China natural gas pipeline
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China has brought the middle section of the China-Russia East natural gas pipeline into operation. It is connected to the Power of Siberia gas pipeline from Russia that will deliver blue fuel to northern China. Read Full Article at RT.com
China starts buying Indian rice for first time in several decades
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For the first time in three decades, China has turned to Indian rice producers after exports of the cereal grain across the world dramatically declined in 2020, according to Indian industry officials cited by Reuters. Read Full Article at RT.com
China about to dethrone US as world’s leading economy, trader tells Boom Bust
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The Organization for Economic Co-operation and Development expects China to account for over a third of world economic growth in 2021. Boom Bust explores whether China can overtake the US to become the world’s largest economy. Read Full Article at RT.com
Why air travel recovery won’t spark an oil price rally
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Oil demand isn’t going to see a bump from air travel demand anytime soon, or so the International Air Transport Association (IATA) said in a recent press release. Read Full Article at RT.com
Germany may have found loophole to dodge US sanctions against Russia's Nord Stream 2 gas pipeline – report
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Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources. Read Full Article at RT.com
Biden says he will keep Trump’s tariffs on China for a while
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Joe Biden told a New York Times opinion columnist that he won’t immediately remove the elevated tariffs that the Trump administration imposed on China. He intends to first review the existing US-China agreement. Read Full Article at RT.com
India’s consumer spending to return to growth in 2021 – Fitch
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Consumer spending in India has contracted by 12.6 percent this year due to the Covid-19 pandemic, according to Fitch Solutions. It expects household spending to return to growth in 2021, expanding by as much as 6.6 percent. Read Full Article at RT.com
Russia’s Gazprom books massive losses for 2020 on falling energy prices & ruble depreciation
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Russian energy major Gazprom has seen a dramatic fall in net profits for the first nine months of 2020, which fell to 218 billion rubles ($2.9 billion) from nearly 1.1 trillion rubles ($14.5 billion) a year ago. Read Full Article at RT.com
Saudi Arabia 'financed itself into oblivion' & now entire country is at risk of going under – Max Keiser
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The hosts of Keiser Report, Max Keiser and Stacy Herbert, look at the online conversations of a money printer and how financialization has turned Saudi Aramco into a money-losing operation. Read Full Article at RT.com
China to overtake US as world's largest consumer market 'very soon'
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China's consumer goods market is rapidly catching up with the US and is poised to become the world's largest in the near future, according to a top Chinese economic planning agency official. Read Full Article at RT.com
Bitcoin price breaks all-time record, nearing $20,000 as cryptocurrency bounces back from March slump
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The price of Bitcoin has hit a record high, inching toward the $20,000 mark in a dramatic recovery for the world’s most popular digital currency, which has rallied more than 200 percent since March. Read Full Article at RT.com
OPEC+ may delay crude production hike while keeping one eye on US shale
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Oil-producing coalition OPEC+, led by Russia and Saudi Arabia, will likely delay its planned two million barrels per day January increase in output, according to market consensus. Read Full Article at RT.com
The Covid-19 pandemic is fueling a record decline in emissions
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A new report by BloombergNEF (BNEF) has attributed the Covid-19 pandemic to a record decline in carbon dioxide emissions in the United States. Read Full Article at RT.com
Resurgent bitcoin pushing toward all-time high after last week’s stumble
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The world’s top cryptocurrency, bitcoin, is recovering after last week’s sharp losses. Bitcoin is up over two percent and was trading above $18,500 on Monday, inching closer to its all-time high of $20,000. Read Full Article at RT.com
UK government begins purge of China’s Huawei from country’s 5G rollout
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British telecommunications firms must not install new Huawei 5G kit after September 2021, the government said on Monday. The move is part of a plan to purge the Chinese firm’s equipment from high speed mobile networks. Read Full Article at RT.com
Iraq does not want to be exempt from OPEC+ deal as oil exporters close to keeping output curbs
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Baghdad still wants to be a part of the agreement between OPEC states and allies led by Russia as the historic oil deal proved to be an effective tool in boosting the energy market crippled by the coronavirus pandemic. Read Full Article at RT.com
Australia vows to drag China to WTO over barley tariffs amid mounting trade tensions between the two nations
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Canberra may file a formal complaint to the World Trade Organization (WTO) over Beijing’s anti-dumping duties on barley, Australia’s trade minister said as a tariff dispute between the two powers escalates. Read Full Article at RT.com
OPEC+ likely to prolong existing oil cuts despite rising prices – media
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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
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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
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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
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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
