Elon Musk leaves Bill Gates behind to become SECOND-RICHEST person on planet
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Tesla founder Elon Musk’s net worth soared to $127.9 billion on Monday, driven by yet another surge in the company’s share price. And so, the 49-year-old billionaire has surpassed Bill Gates as the world’s second-richest man. Read Full Article at RT.com
China declares victory over absolute poverty nationwide, lifting 99 MILLION people from penury since 2012
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The last nine impoverished counties in China’s southwestern province of Guizhou were removed from the country's poverty list on Monday. The nation has thus ended absolute poverty one month before its self-imposed deadline. Read Full Article at RT.com
UN accuses Japan of ‘extrajudicial abuse’ in arrest of former Nissan boss Carlos Ghosn
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Japanese authorities should compensate the former head of the Nissan-Renault alliance, Carlos Ghosn, for his lengthy and repeated “arbitrary” detention, a UN human right panel has concluded. Read Full Article at RT.com
Covid-19 vaccine developments pushing US dollar lower
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The US currency continued to weaken on Monday as promising news on coronavirus vaccine rollouts have been weighing on the greenback. Experts say that traders’ appetite for riskier assets is growing. Read Full Article at RT.com
Finalizing Brexit deal doesn’t matter as UK secured agreements with key allies, business leader says
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London and Brussels have still not found common ground on a trade deal despite the looming Brexit deadline. However, the UK has signed plenty of bilateral agreements, making a no-deal Brexit easier for it, Boom Bust found out. Read Full Article at RT.com
There’s no alternative to the WTO, but it needs reform – Putin
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Russian President Vladimir Putin has told G20 leaders that there is nothing to replace the World Trade Organization (WTO), but it should be able to cope with current challenges and needs modernization. Read Full Article at RT.com
German pig farmers lose 1.5 billion euros as industry takes double hit from Covid-19 & swine fever
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Germany’s pig farmers are sounding the alarm over a lack of government aid, saying that the very “existence” of the industry depends on it, after the coronavirus crisis and cases of swine fever slashed pork sales. Read Full Article at RT.com
On path to new all-time high? Bitcoin extends its monster rally as it approaches $19,000
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The largest cryptocurrency got pretty close to a $19,000 threshold for the first time in almost three years, fueling crypto enthusiasts’ hopes that bitcoin may beat its last record. Read Full Article at RT.com
Euro beats US dollar as world’s most used currency, SWIFT says
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The US dollar has lost to the euro as the number one currency for global transactions for the first time in nearly eight years, said the Society for Worldwide Interbank Financial Telecommunications (SWIFT). Read Full Article at RT.com
China extends biggest debt relief to poor countries among G20 states
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The world’s largest lender, China, says it has granted debt relief worth a combined $2.1 billion to developing economies hit hard by the coronavirus crisis. Read Full Article at RT.com
India’s economy to return to normal faster than expected – Barclays
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The Indian economy is expected to grow 8.5 percent in the 2022 fiscal year, according to Barclays. The firm has raised its earlier projection of seven percent, saying the country will “return to normal” faster than expected. Read Full Article at RT.com
China not ready to lift flight ban on troubled Boeing 737 MAX despite US clearing
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Boeing’s 737 MAX jets are still banned from the US company’ biggest market, as China has not changed its position on the plane’s safety and has not allowed the aircraft to take to the skies. Read Full Article at RT.com
Price target $300,000? Bitcoin has no top because fiat money has no bottom — Max Keiser
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The hosts of RT’s Keiser Report, Max Keiser and Stacy Herbert, look at Citibank coming out with ‘moonmath’ on bitcoin with a hugely bullish price target of $318,000 by December 2021. Read Full Article at RT.com
US economy on such massive jolt of monetary heroin there’s no dialing back the dosage – Peter Schiff
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Stocks have been on a bull run ever since their big March drop at the beginning of the pandemic, so veteran stockbroker Peter Schiff asks: if Covid-19 didn’t hurt the stock market, why should a vaccine help? Read Full Article at RT.com
FAA clears Boeing 737 Max to fly again after 20-month grounding due to deadly crashes
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The US Federal Aviation Administration (FAA) on Wednesday cleared Boeing’s 737 Max to fly again after a nearly two-year ban. Boeing’s top-selling plane has been barred from flying after two crashes that killed 346 people. Read Full Article at RT.com
US airlines fighting for survival, need stimulus extension NOW — Allied Pilots Association spokesman tells Boom Bust
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As the holiday season is just around the corner, travel is expected to significantly drop due to lockdowns as Covid cases surge. Many airlines are relying on rapid coronavirus tests in an effort to boost travelers’ confidence. Read Full Article at RT.com
Bitcoin approaches record high as it smashes through $18,000
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The world’s top cryptocurrency, Bitcoin, rallied above $18,000 on Wednesday for the first time in almost three years. Analysts attributed the surge to global events and bullish fundamentals in crypto. Read Full Article at RT.com
Chinese President Xi commends BRICS nations for joint development of Covid-19 vaccines to restore economies
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Brazilian, Chinese and Russian firms are carrying out pivotal phases of clinical trials of coronavirus vaccines, Chinese President Xi Jinping said at the 12th annual BRICS Summit on Tuesday. Read Full Article at RT.com
BRICS nations working together to bring trade bloc’s economies back to sustainable growth after Covid crisis – Putin
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BRICS member states have taken emergency steps in order to support national industries, finance and welfare in response to the global coronavirus pandemic, Russian President Vladimir Putin said on Tuesday. Read Full Article at RT.com
EasyJet’s profit dives as coronavirus crisis hammers global travel
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UK budget carrier EasyJet said on Tuesday that the company’s revenue had dropped 52.9 percent year-on-year to just £3 billion ($4 billion) due to the Covid pandemic having brought the global travel industry to a halt. Read Full Article at RT.com
US is BROKE – it’s a huge bubble economy completely supported by debt, says Peter Schiff
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One of the doctors advising Joe Biden on the coronavirus has said the US needs to impose a complete lockdown for four to six weeks as the government can just pay everybody. Peter Schiff says such a proposal is ridiculous. Read Full Article at RT.com
China may launch yuan-denominated copper contract on Shanghai exchange as global appetite for metal soars
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The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates. Copper is the major target of the country’s ambitions. Read Full Article at RT.com
China may launch yuan-denominated copper price benchmark as global appetite for metal soars
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The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates. Copper is the major target of the country’s ambitions. Read Full Article at RT.com
‘Big guns’ of global financial world dumping US dollar in favor of bitcoin & gold – Max Keiser
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As legendary investors and analysts warn about the looming demise of the greenback and look for hedging strategies, Bitcoin is emerging as the perfect way to protect those assets, say the hosts of RT’s Keiser Report. Read Full Article at RT.com
‘Ultra-rare’ pink Russian diamond fetches record $26.6 million in Geneva (PHOTO, VIDEO)
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A mystery buyer has bought an extremely rare purple-pink 14.83-carat diamond, which was mined and cut in Russia. The gem has become the largest of its kind ever to appear at Sotheby's in Geneva. Read Full Article at RT.com
Rothschild heir claims initial victory in legal fight over family’s Nazi-seized legacy in Austria
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The city of Vienna has reportedly suffered the first setback in a dispute with descendants of the Rothschild banking dynasty, who sued the authorities over a charitable trust with assets worth up to €110 million ($130 million). Read Full Article at RT.com
New petrol and diesel cars will be available for purchase in UK for just another 10 years – reports
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Britain may fast-track the sales ban on new petrol and diesel-powered cars as the government is reportedly poised to move the measure forward by another five years. Read Full Article at RT.com
New petrol and diesel cars will be available for purchase for just another 10 years – reports
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Britain may fast-track the sales ban on new petrol and diesel-powered cars as the government is reportedly poised to move the measure forward by another five years. Read Full Article at RT.com
UK to phase out new petrol and diesel cars from 2030 – reports
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Britain may fast-track the sales ban on new petrol and diesel-powered cars as the government is reportedly poised to move the measure forward by another five years. Read Full Article at RT.com
‘The carnage has started’: US facing double-dip recession, economist tells Boom Bust
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The unemployment rate fell sharply in the United States last month despite the surging coronavirus cases in the country. The numbers have been better than expected by economists. Read Full Article at RT.com
China about to pull off ‘diplomatic coup’ by striking world’s largest free trade agreement
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Fifteen Asia-Pacific nations including China and Japan plan to sign the world’s biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of origin, and codify new e-commerce rules. Read Full Article at RT.co
Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week
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Russia’s foreign exchange holdings have risen for the second consecutive week to reach $587.6 billion, according to the latest data released by the country’s central bank. Read Full Article at RT.com
US is living in a sea of debt, but the storm is coming – Max Keiser
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RT’s Keiser Report looks at the student loan debtors waiting for Joe Biden to forgive their loans, and government audits finding an ‘open door policy’ on the no-repay ‘loans’ from the Paycheck Protection Program (PPP). Read Full Article at RT.com
‘On the way to Mars’: Boom Bust observes China’s space race as it launches world’s 1st 6G satellite into orbit
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China has successfully sent 13 satellites into orbit this month with a single rocket, including the world’s first 6G experimental satellite. RT correspondent John Huddy looks at Beijing’s space ambitions. Read Full Article at RT.com
India could be the next BREAKOUT natural gas market
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Currently, five percent of the South Asian country's energy mix is natural gas. India's massive population and relatively underdeveloped economy signify that there is enormous potential. Read Full Article at RT.com
EU goes after Amazon for breaching European antitrust rules
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The European Commission (EC) announced a second formal investigation into online retailer Amazon on Tuesday, accusing the firm of breaching European antitrust rules by using independent sellers’ data for its own benefit. Read Full Article at RT.com
China’s pork prices fall for first time in over a year as shortage eases
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Pork prices in China dropped by 2.8 percent in October compared to a year ago, the National Bureau of Statistics said on Tuesday. It’s the first decrease since February 2019 – more than a year-and-a-half ago. Read Full Article at RT.com
US dollar likely to weaken further if Biden becomes president, Citigroup warns
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US currency will continue to weaken even as geopolitical risks fall after the presidential election, and the next stimulus package could be smaller than expected, Citi Private Bank strategists predict. Read Full Article at RT.com
Despite being technically bankrupt, Iran is nearing completion of South Pars Phase 11, one of the world’s largest new natural gas developments. Read Full Article at RT.com
Dow surges to all-time high after Pfizer reveals its Covid vaccine is more than 90% effective
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Stock markets rallied to record highs at the opening bell in New York on Monday, after drug makers Pfizer and BioNTech announced that their Covid-19 vaccine is more than 90 percent effective. Read Full Article at RT.com
