China in post-Covid race for global economic dominance – Max Keiser
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Max Keiser and Stacy Herbert of the Keiser Report look into corporate buybacks of the biggest US corporations which have continued for two decades, while in China business is booming. Read Full Article at RT.com
Pandemic cuts global foreign direct investment in half – UN report
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A United Nations trade report issued on Tuesday says that foreign direct investment (FDI) has plunged by 49 percent around the world in the first half of 2020 from the same period a year ago. Read Full Article at RT.com
The Islamic State has called on its members to start targeting Saudi Arabia oil infrastructure as punishment for the Kingdom warming up to Israel. Read Full Article at RT.com
Russia to open WORLD’S LARGEST gold mine in Siberia
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Russia's largest gold miner Polyus said it is working on securing 100 percent ownership of the Sukhoi Log gold deposit in Siberia, which has estimated reserves of 540 million tons of ore, containing 40 million troy ounces of gold. Read Full Article at RT.com
Economies of Mideast & Central Asia may not fully recover from coronavirus for at least a decade – IMF
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The Covid-19 pandemic may inflict deeper economic pain for countries of the Middle East and Central Asia than previous recessions, the International Monetary Fund has warned. Read Full Article at RT.com
Russian investors prefer cryptocurrencies over gold – World Gold Council
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While gold is considered a safe heaven, it is not currently a mainstream investment among Russians, whose money is more likely to go into other options, including cryptocurrencies. Read Full Article at RT.com
Global trade to take major hit this year with Covid-19 resurgence threatening more damage – UN report
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The coronavirus crisis is set to cut the volume of global trade by seven to nine percent in 2020 compared to the previous year, a United Nations trade body has said, warning of still uncertain recovery prospects. Read Full Article at RT.com
China may be ramping up de-dollarization by dumping US Treasuries, experts say
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Beijing may be speeding up the diversification of its foreign exchange reserves away from US dollar assets in response to Washington’s potential sanctions, the South China Morning Post reported, citing analysts. Read Full Article at RT.com
Huawei’s revenue growth slows sharply as Covid-19 & US sanctions bite
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Chinese telecoms giant Huawei said the company’s revenue growth slowed significantly in the third quarter of 2020 as a result of the Covid-19 pandemic and US sanctions, which had disrupted its business. Read Full Article at RT.com
Hong Kong slaps Goldman Sachs with record fine over looting of Malaysia’s state fund
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Goldman Sachs (Asia) has been fined $350 million by Hong Kong’s Securities and Futures Commission (SFC) for its role in a multibillion-dollar scandal that involved top Malaysian officials, including its former prime minister. Read Full Article at RT.com
US economy looks to be on indefinite life support from government, Professor Wolff tells Boom Bust
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The US is facing a very serious economic downturn and the current “political bickering” about new stimulus measures isn’t doing any good for the American people, Professor Richard Wolff told RT’s Boom Bust. Read Full Article at RT.com
Russia warns of consequences of US sanctions against Nord Stream 2
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If Washington proceeds with sanctions against the Russia-led natural gas pipeline, Nord Stream 2, it will hurt a wide range of Western contractors and investors involved in the undertaking, the project operator has warned. Read Full Article at RT.com
World’s largest & most powerful nuclear icebreaker joins Russia’s Arctic fleet
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Russia’s newest nuclear-powered icebreaker, the Arktika, will start operating in the Arctic waters of the Northern Sea Route (NSR) in December after the vessel’s acceptance and delivery certificate was signed on Wednesday. Read Full Article at RT.com
Russia's Lukoil looks to boost oil production in Iraq
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Russia’s second-largest producer, Lukoil, is eager to increase its oil production in Iraq once the production cuts of the OPEC+ group end, Egor Zubarev, Managing Director of Lukoil Mid-East, told Bloomberg. Read Full Article at RT.com
The death of the American Empire will come from suicide – Max Keiser
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The hosts of RT’s Keiser Report say that the US Treasury market is now so large that the only way to keep it under control is for the Federal Reserve to intervene. Read Full Article at RT.com
Bitcoin will shoot through the roof as election uncertainty sweeps through markets, analyst tells Boom Bust
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There are four main forces currently driving US stock markets ahead of the elections – the spread of Covid-19, the stimulus deal, the Fed’s policy and the vote itself – says the head of a capital markets consultancy firm. Read Full Article at RT.com
Democratic elections sweep may be good for stock market in the short-run, but ‘the dollar is going to get KILLED’ – Peter Schiff
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As markets begin to handicap the US presidential race, they seem to be viewing a Biden win as a positive for the stock market, which doesn’t really make sense, according to economist Peter Schiff. Read Full Article at RT.com
Chinese billionaires boost their fortunes at record pace despite coronavirus crisis
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Covid-19 has not stopped China’s super-rich from making more money. Thanks to booming share prices and new stock listings, they now own a combined fortune of $4 trillion – a sum greater than the economy of Germany. Read Full Article at RT.com
China rolls out red carpet for US firms, promising to create fair market environment
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China’s industry ministry said on Monday that US companies are welcome to actively participate in its market despite trade tensions between Beijing and Washington. It has promised a fair and just environment. Read Full Article at RT.com
Russia could face double-digit drop in gas exports as pandemic cripples demand
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The coronavirus outbreak and warmer-than-average winter season in Europe may push Russian natural gas exports down by 16 percent this year, Russia’s National Rating Agency (NRA) has warned. Read Full Article at RT.com
Big Banks could lose billions in the global energy transition
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As the world undergoes its incredible transition to lower carbon energy alternatives, Big Banks are turning their backs on the oil industry. Read Full Article at RT.com
The $16 TRILLION bug: Pandemic could cost US economy its entire annual output
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The US economy may lose a whopping $16 trillion due to the devastating impact of the Covid-19 outbreak, both in output and people’s lives, new research has found. Read Full Article at RT.com
China’s oil imports are falling as storage fills up
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China, which has been on an oil-buying binge since the start of the pandemic, is now retreating as storage space fills up and demand for fuels in the regions it exports them to remains weak. Read Full Article at RT.com
Russia among TOP 10 countries leading global digital banking revolution
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A new survey by Deloitte has found that Russian banks are among the world leaders in terms of digitalization of their services, exceeding the global average in five out of the six key indicators. Read Full Article at RT.com
More than 100,000 jobs were lost in the US oil exploration and production industry between March and August this year, mostly as a result of the coronavirus pandemic. Another 35,000 jobs were shed in the downstream segment. Read Full Article at RT.com
Russia’s ALROSA leading global diamond production amid Covid-19 pandemic – Putin
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Russian gem miner ALROSA has taken the top position in global diamond production during the coronavirus pandemic, President Vladimir Putin said during a meeting with the company’s CEO, Sergey Ivanov. Read Full Article at RT.com
China will be the only major economy to see growth this year as world braces for long recovery from Covid-19 crisis – IMF
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With most of the world facing a deep recession due to the coronavirus pandemic, China will be the only major economy to climb back from the depths of the historic crisis in 2020, according to the International Monetary Fund (IMF). Read Full Article at RT.com
Europe’s aviation regulator says Boeing’s troubled 737 MAX is safe to fly again, but US’ FAA holds back on decision
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The European Union Aviation Safety Agency (EASA) has declared Boeing’s 737 MAX aircraft safe to fly, announcing on Friday that the grounded aircraft could return to the region’s skies before the end of 2020. Read Full Article at RT.com
Stock markets will fall dramatically if US election results contested, Mark Mobius warns
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Equity markets will not like a disputed outcome of the US presidential election, and could react with a “dramatic fall,” said Mark Mobius, a veteran investor and founding partner of Mobius Capital Partners. Read Full Article at RT.com
Philippines lifts ban on oil exploration in South China Sea opening door to potential energy deal with Beijing
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The Philippines is lifting a moratorium on oil and gas exploration in the South China Sea that could lead to the Philippines and China potentially creating a joint venture to explore for resources. Read Full Article at RT.com
Pakistan invites US firms to bring in investment & advanced technology
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Pakistani Federal Minister for Information Shibli Faraz says his country would welcome investment by American companies. He also expressed desire for US companies to bring in advanced technology. Read Full Article at RT.com
Coronavirus pandemic to blow $28 TRILLION hole in global economy
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This year’s output figures will be reminiscent of the 1930’s Great Depression, according to the International Monetary Fund (IMF). It said that the world is at risk of significantly lowered investment, trade and job numbers. Read Full Article at RT.com
US considers blacklisting Jack Ma’s Ant Group in latest round of trade war with China – report
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The US State Department has submitted a proposal for the Trump administration to add China’s Ant Group to a trade blacklist, Reuters reported, citing two people familiar with the matter. Read Full Article at RT.com
India to bounce back from Covid crisis with impressive growth to become fastest-growing emerging economy – IMF
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The Indian economy, which has been severely hit by the coronavirus pandemic, will start recovering from the “horrible crisis” if the government ramps up efforts on both the fiscal and the monetary sides, the IMF has said. Read Full Article at RT.com
Why Saudi Arabia may be forced to start another oil price war
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Saudi Arabia and Russia are both suffering from low oil prices and economic crises, and with demand not recovering fast enough we may soon see another oil price war. Read Full Article at RT.com
How Huawei survives on European market despite Trump’s pressure – RT’s Boom Bust investigates
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Washington has ramped up pressure against Huawei to shut down the Chinese telecom giant’s 5G reach worldwide. However, the attempt to block Huawei from accessing semiconductors is failing in parts of Europe. Read Full Article at RT.com
Saudi Arabia opens its market for more Russian exports
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As Russia seeks to expand exports to Persian Gulf states, more of the country's producers have been granted access to one of the major markets of the region, Saudi Arabia, according to Russia’s agricultural watchdog. Read Full Article at RT.com
Keiser Report explores if bosses should reimburse employees for toilet paper in ‘work from home’ era
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The hosts of the Keiser Report look at the difference between Europe and America during the pandemic. In the Netherlands, workers are bargaining for the right to be reimbursed €2 per day for toilet paper while working from home. Read Full Article at RT.com
US killing dollar with addiction to ‘ever-increasing doses of monetary heroin’ – Peter Schiff
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Stock markets tanked as US President Donald Trump abandoned stimulus talks until after the election. Trump is now in the process of out-Democrating the Democrats on the stimulus issue, economist Peter Schiff says. Read Full Article at RT.com
