EU to slap tariffs on $4 BILLION worth of US goods over Boeing aid
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The European Union (EU) said on Monday it has agreed to impose tariffs and other penalties on up to $4 billion worth of American goods and services over illegal US government support for plane maker Boeing. Read Full Article at RT.com
Serbia links economic ties with Russia-led free trade zone
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Russian President Vladimir Putin signed a law on Monday ratifying an agreement on a free-trade zone between the Russia-led Eurasian Economic Union (EEU) and the Republic of Serbia. Read Full Article at RT.com
Emerging markets could see influx of cash in event of Biden victory – Standard Chartered
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The “more benign” political environment, if Democratic candidate Joe Biden wins the US presidential election, could be very beneficial for emerging markets, Standard Chartered Bank predicted. Read Full Article at RT.com
India bets big on its farmers to rescue economy from coronavirus pandemic
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The Indian government is pinning its hopes on the agricultural sector to boost the country’s economy that has been hurt by the Covid-19 crisis. Bountiful rains have set the stage for another year of record crops, officials say. Read Full Article at RT.com
Russian economy to cope with coronavirus shock better than expected – European Commission
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The European Commission has improved its forecast for the Russian economy, while downgrading its global outlook, as the coronavirus crisis continues to batter the world economy. Read Full Article at RT.com
Russia-China trade NOT affected by pandemic, set to hit $110 BILLION – ambassador
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The volume of trade between Russia and China could match last year’s level of $110 billion if it continues to develop at the current pace, said Russian Ambassador to China Andrey Denisov. Read Full Article at RT.com
Move over, Musk! Volkswagen & Toyota revved up to challenge Tesla’s electric car market dominance
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The bosses of the world’s two largest automakers, Volkswagen and Toyota, have hit out at Tesla as they seek to challenge their US rival’s leadership in the electric car market and avoid falling into oblivion. Read Full Article at RT.com
Consolidation is killing jobs in US shale industry
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The long-awaited consolidation in the US shale patch is well underway, with several high-profile multi-billion-dollar deals announced in the span of just a few weeks. Read Full Article at RT.com
China’s foreign trade boomed again in October, with exports surging at their fastest pace for 19 months and imports showing stable growth, as the world’s second-largest economy continues to rebound from the coronavirus pandemic. Read Full Article at RT.co
Skyrocketing bitcoin makes cryptocurrencies best asset of the year, outperforming gold
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Bitcoin has hit its highest level since January 2018, nearing $16,000 during a wild post-election rally. The surge pushed other cryptocurrencies higher, making them more attractive than the traditional safe haven asset, gold. Read Full Article at RT.com
China may impose sweeping tariffs on Australian wine & ban other imports
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Australian industry groups fear they may lose the lucrative Chinese market amid reports that Beijing could slap anti-dumping duties on Australian wine and suspend other imports as relations between the two nations sour. Read Full Article at RT.com
Fed boss Jerome Powell is ‘Godzilla,’ worshipped like a magical creature for his money-printing power – Max Keiser
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The hosts of the Keiser Report, Max Keiser and Stacy Herbert look at the winner being declared in the trending topics list on Twitter, days before the actual US election was held. Read Full Article at RT.com
China looks to boost oil exploration, expand oil & gas storage
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China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure, state news agency Xinhua reported. Read Full Article at RT.com
Bayer takes more than $10 BILLION write-down over Monsanto’s Roundup weed killer
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German pharmaceutical giant Bayer said it’s facing a double hit from a higher legal bill for claims relating to weed killer Roundup and €9.25 billion ($10.8 billion) in impairments on Monsanto-related agriculture businesses. Read Full Article at RT.com
Game over for Empire of Debt: US dollar hegemony no longer works, says Max Keiser
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The World Economic Forum said it is starting The Great Reset initiative to improve the urgently needed change of the state of the world. Max Keiser and Stacy Herbert explore what that could actually mean for the global economy. Read Full Article at RT.com
China may ban imports of Australian wheat as trade tensions escalate – sources
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Beijing is expected to bar Australian wheat imports, putting a AU$560 million (US$394 million) trade at risk, industry sources told the South China Morning Post. The grain could be the latest Australian product banned in China. Read Full Article at RT.com
India’s factory growth highest in over a decade as demand bounces back
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Asia's third-largest economy saw a second consecutive month of record factory activity performance in October, a private survey has showed, with output expanding at the highest rate in 13 years. Read Full Article at RT.com
China to build world’s longest underwater high-speed rail tunnel
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A project to construct China’s first undersea high-speed rail tunnel in eastern Zhejiang Province was approved on Monday, according to The Paper digital newspaper. Investments in the project will amount to over $4 billion. Read Full Article at RT.com
Oil prices slump as new Covid lockdowns threaten global energy demand
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Global crude prices continued their slide on Monday, after Brent blend had its steepest decline last week since April. Concerns are growing that new lockdowns could hit the global demand for fuel. Read Full Article at RT.com
Ryanair boss blasts government lockdowns as ‘FAILURE’ after air traffic plummets 80%
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European carrier Ryanair said on Monday it will operate a “significantly reduced flying schedule” in the next six months compared to its original expectations due to Covid-related restrictions tightening across Europe. Read Full Article at RT.com
China’s factory activity at near-decade high as pandemic fallout fades
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Activity in China’s manufacturing sector accelerated at the fastest pace in nearly a decade in October as domestic demand surged. A private business survey showed on Monday the economy is quickly recovering from the Covid crisis. Read Full Article at RT.com
Many airline companies won’t survive Covid crisis, aviation body warns
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The coronavirus pandemic will result in fewer airline companies globally because firms are currently being taken over or going under, the head of the International Air Transport Association (IATA), Alexandre de Juniac has said. Read Full Article at RT.com
Gold demand plunges to 11-year low – World Gold Council
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Gold lost its shine for investors and central banks in the third quarter, the World Gold Council (WGC) said in its latest report, as the coronavirus pandemic weighed on global interest in the precious metal. Read Full Article at RT.com
Russia adds $4.5 BILLION to foreign exchange reserves in 1 week
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Russian gold & foreign currency reserves have increased to $589.8 billion, according to the latest data released by the central bank. Read Full Article at RT.com
Pandemic-related travel disruptions wipe out $730 BILLION in global tourism revenue – UN
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The number of international arrivals plunged by 70 percent for the first eight months of 2020 compared to a year earlier, amid the collapse in travel caused by the pandemic, according to the UN World Tourism Organization (UNWTO). Read Full Article at RT.com
US economic rebound using 'helicopter money' not viable, strategist tells Boom Bust
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The US saw the strongest quarterly growth between July and September, when the economy grew at an annualized rate of over 33 percent. It comes after the Covid-19 outbreak caused a record drop in the previous quarter. Read Full Article at RT.com
Chinese yuan beats Asian peers with biggest weekly gains
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The yuan has continued to strengthen against the US dollar at the end of the week, rising most of all currencies in the Asia region, amid the strong recovery of the Chinese economy. Read Full Article at RT.com
US economy may face unprecedented crash without another massive injection, Professor Wolff tells Boom Bust
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The US economy is currently crippled by two simultaneous crises – rising Covid infections and an economic crash that happens every several years – Professor Richard Wolff told RT’s Boom Bust. Read Full Article at RT.com
China coming out of Covid-19 crisis intact, like America emerged after World War II – entrepreneur tells Keiser Report
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Max Keiser talks to entrepreneur Dan Collins, who is back in the United States after 20 years in China. They discuss Washington’s ongoing trade war with Beijing. Read Full Article at RT.com
Washington may allow China’s Huawei to receive vital chip supplies for its non-5G business – report
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The US could be easing its draconian sanctions against Huawei by letting more chip suppliers ship components to the Chinese tech company – as long as they are not used for developing 5G technology. Read Full Article at RT.com
India inks trade deals with Britain to broaden bilateral investment
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The UK and India have announced agreements on financial services, infrastructure, and sustainable finance at the 10th Economic and Financial Dialogue (EFD) between the two countries. Read Full Article at RT.com
Russia’s crude oil exports drop 8% in January-August
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Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local cargo analytics outlet SeaNews. Read Full Article at RT.com
Dow down 943 points, stock markets crash on fear of more lockdowns as global number of Covid-19 cases grows
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Global stocks dropped sharply on Wednesday amid investor fears that rising coronavirus numbers in the United States and Europe could halt economic recovery. Read Full Article at RT.com
Dow down 800: Stock markets plummet on fear of more lockdowns as global number of Covid-19 cases grows
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Global stocks dropped sharply on Wednesday amid investor fears that rising coronavirus numbers in the United States and Europe could halt economic recovery. Read Full Article at RT.com
Americans may not get more stimulus checks until Valentine's Day, former Fed insider tells Boom Bust
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While hopes that a new coronavirus stimulus deal will be adopted before the election are fading, there is a possibility that Americans won’t see paychecks for months from now, ex-Fed insider Danielle DiMartino Booth believes. Read Full Article at RT.com
Indian economy roars back to life following coronavirus blow
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Asia's third-largest economy, India, accelerated its recovery in September thanks to stabilizing consumer demand and activity in the manufacturing sector, which returned to pre-crisis levels. Read Full Article at RT.com
Sooner or later, every bubble finds a pin – Peter Schiff
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A selloff and political dynamics are driving the stock markets right now, according to veteran stockbroker Peter Schiff. He explores why the markets and the economy are so dependent on, and desperate for, stimulus. Read Full Article at RT.com
China looks to Mongolia for coking coal after banning Australian imports
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China received more metallurgical coal from neighboring Mongolia in September than from its once-key supplier Australia, amid escalating tensions between Beijing and Canberra. Read Full Article at RT.com
Almost 200 European airports may go bust, putting nearly 280,000 jobs at risk
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ACI Europe airports association warns that 193 airports are at risk of insolvency in the coming months if passenger traffic does not start to recover from the coronavirus shock. Read Full Article at RT.com
Mystery crypto whale just moved over $1.1 BILLION in bitcoin, paying less than $4 for transaction
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The bitcoin network has recently seen the largest dollar value transaction in history, as an anonymous holder moved more than 88,857 bitcoin (BTC) worth around $1.15 billion. Read Full Article at RT.com
