US box office may plunge over 80% this year as Covid-19 forces Hollywood to push back blockbuster releases
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The uncertainty triggered by the coronavirus crisis that has led to delays of big-budget films offers grim prospects for the US box office, an analyst from research company MoffettNathanson believes. Read Full Article at RT.com
Global stocks hit multi-week highs on China optimism & hopes for more coronavirus stimulus
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Stocks in Europe and Asia as well as US futures traded higher on Monday as investors bet on positive economic data from China and expect US lawmakers to pass a new stimulus package amid the rising number of Covid-19 cases. Read Full Article at RT.com
Chinese IPOs on US exchanges accelerated under Trump – report
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Pressure on Chinese firms has failed to stop them from listing on the US stock market, with the number of IPOs during Trump’s four years in office almost reaching those during the eight years of Barack Obama’s presidency. Read Full Article at RT.com
US cash infusions led to the rise of zombie companies – RT's Keiser Report
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As the US government pumped trillions of dollars into the economy in an attempt to mitigate the impact of Covid-19, the government aid is turning more and more firms into «zombies,» RT's Keiser Report found out. Read Full Article at RT.com
Russian car sales rebound again as coronavirus continues to push European auto markets down
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Demand for new cars rose in Russia last month, with sales surging as much as 3.4 percent compared to the same period last year, while growing coronavirus uncertainties still affect the auto industry in many European countries. Read Full Article at RT.com
Libya’s oil industry lifts force majeure on its biggest oilfield
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Libya’s National Oil Corporation (NOC) has announced it is ending force majeure on the Sharara oilfield, the nation’s largest deposit, marking another milestone for the recovery of the country’s oil production. Read Full Article at RT.com
Tehran accuses Washington of ‘economic terrorism’ after US sanctions major Iranian banks
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Iran’s ambassador to the United Nations, Majid Takht-Ravanchi, has condemned US sanctions against Iranian banks as an act of economic terrorism, designed to create suffering and social unrest with the aim of regime change. Read Full Article at RT.com
Iran is building a massive energy network to boost its geopolitical influence
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Tehran’s plan to connect Iraq, Jordan, and several GCC states including Saudi Arabia to its grid could be a powerful move to expand its influence in the entire region. Read Full Article at RT.com
‘Worst is behind’ for India with economy returning to growth, says veteran banker
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India’s gross domestic product (GDP) will be in positive territory in the fourth quarter of this year as demand picks up across all sectors of the economy, says veteran banker Deepak Parekh. Read Full Article at RT.com
Russia’s weekly gold & foreign currency reserves surge by over $5 BILLION
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Russia continues to boost its gold and foreign exchange (forex) holdings, which have reached a total of $585.8 billion according to the latest data released by the country’s central bank. Read Full Article at RT.com
Tens of trillions of dollars are siphoned offshore & put into secret private bank accounts, analyst tells RT’s Keiser Report
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The new episode of Keiser Report looks into how economic value has lost all meaning, when the market is fake and the Federal Reserve’s free money is used for leveraged buyouts of the entire economy. Read Full Article at RT.com
India launches antitrust probe into Google’s alleged abuse in smart TV market – report
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Silicon Valley giant Google is facing a new antitrust case in India in which it is alleged to have abused its Android operating system’s position in the smart television market. Read Full Article at RT.com
Poland slaps huge fine on Russian gas pipeline that doesn’t even cross its borders
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Poland’s antitrust watchdog UOKiK said on Wednesday it has imposed a 29 billion-zloty ($7.6 billion) fine on Russia’s Gazprom over the Nord Stream 2 gas pipeline, designed to boost gas supplies to the EU. Read Full Article at RT.com
Billionaires’ wealth tops $10.2 TRILLION as millions struggle amid pandemic
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A new report by UBS and PwC reveals that the world’s super-rich “did extremely well” during the coronavirus crisis this year, increasing their already-huge fortunes by more than a quarter. Read Full Article at RT.com
Second Covid-19 wave will accelerate Russia’s GDP decline, but economy will do better than European peers – Kudrin
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The Russian economy may perform worse than the government expects this year, Russia’s Accounts Chamber head, Alexei Kudrin, warned. However, the contraction would be in line with the global forecast and not as deep as in Europe. Read Full Article at RT.com
World's second-biggest cinema chain Cineworld reportedly closing all venues in US, UK & Ireland amid fresh James Bond film delay
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Leading global cinema operator Cineworld is reportedly planning to close its sites in the US, the UK and Ireland after studios pushed back the release of big budget films casting a shadow on post-pandemic revival of the industry. Read Full Article at RT.com
End of the big screen as we know it? World's second-biggest cinema chain reported to close all venues across US, UK & Ireland
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Leading global cinema operator Cineworld is reportedly planning to close its sites in the US, the UK and Ireland after studios pushed back the release of big budget films casting a shadow on post-pandemic revival of the industry. Read Full Article at RT.com
'Demoralizing' aviation layoffs may jeopardize another 10 million jobs outside industry – Allied Pilots Association spokesman
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US airlines have let go thousands of workers and could fire even more if the US government fails to provide additional aid to the troubled industry amid the collapse in demand for travel triggered by the coronavirus pandemic. Read Full Article at RT.com
Japan's Sony & chipmaker Kioxia want to resume supplying sanctioned Huawei – report
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Risking facing massive losses due to sweeping US sanctions on Huawei, Japanese suppliers Sony and computer memory maker Kioxia have reportedly applied for a US license to continue doing business with the Chinese tech giant. Read Full Article at RT.com
Russia gets closer to new wheat harvest record thanks to surging grain yields
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Russia has boosted grain yields by around six percent year-on-year, harvesting 124 million tons of grain, according to the latest data from the Russian Ministry of Agriculture. Read Full Article at RT.com
New trade war front? US looks into Vietnam’s trade & currency practices
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Using the same law that allowed the US to impose tariffs on billions of dollars worth of Chinese imports, the Trump administration opened an investigation into the trade practices of one of its biggest trading partners, Vietnam. Read Full Article at RT.com
EU making Brexit tough for UK to deter other nations from leaving, British American Business Association tells Boom Bust
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The European Union has launched legal action against the UK over a Brexit bill proposal, saying Britain has breached its previous commitments. Read Full Article at RT.com
India may soon become Tesla’s next automotive frontier – Elon Musk
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Tesla CEO Elon Musk has hinted the world’s top electric car maker could enter India’s huge automobile market as soon as 2021. Read Full Article at RT.com
Global markets fall after Trumps test positive for Covid-19
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US stock futures and European equities dropped on Friday morning after US President Donald Trump announced that he and First Lady Melania Trump had tested positive for coronavirus. Read Full Article at RT.com
Move over dollar: Chinese yuan ends quarter with biggest gains in 12 years
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The Chinese currency has started drawing investor attention as a safe haven asset from volatility after its best performance in more than a decade. Read Full Article at RT.com
Saudi Arabia’s economy hit hard by oil price crash
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Saudi Arabia’s economy shrank by 7 percent, with the unemployment rate hitting a record high in the second quarter as the combined effect of the oil price crash and the Covid pandemic hit the world’s largest oil exporter hard. Read Full Article at RT.com
Tokyo Stock Exchange halts trading for entire day due to major glitch ‘not related to hacking’
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Japan’s Tokyo Stock Exchange (TSE) has shut down all trading for a full day due to a systemwide technical error. Though the exchange says the glitch is unrelated to hacking, it has yet to say when trading will resume. Read Full Article at RT.com
Worst drop EVER: US economy plunges over 31% in second quarter
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US gross domestic product (GDP) fell by a 31.4 percent annualized rate last quarter, marking the steepest drop in output since the government started keeping records in 1947, the Commerce Department said on Wednesday. Read Full Article at RT.com
China to probe Google over Android’s possible market abuse – report
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Beijing is preparing to launch an antitrust probe into Alphabet’s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, Reuters reported, citing sources. Read Full Article at RT.com
Chinese manufacturing activity continues to expand, recovering from Covid crisis
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China’s official manufacturing Purchasing Manager’s Index (PMI) for September has come in at 51.5, as compared to 51.0 in August, according to its National Bureau of Statistics (NBS). A figure above 50 indicates expansion. Read Full Article at RT.com
India looks to store oil in the US to reduce supply risks
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The world’s third-biggest oil importer, India, is considering using storage facilities in the United States and other commercially viable locations to reduce its supply risks. Read Full Article at RT.com
First cross-border mega highway bridge between Russia & China to open for traffic in November
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The highway bridge linking Russia and China over the Amur River is expected to be operational as soon as November, according to Amur Oblast Governor Vasily Orlov. The bridge is set to boost economic ties between the two nations. Read Full Article at RT.com
UBS advises investors to put money in gold as hedge against economic uncertainty
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The recent weakness of gold represents a “great entry point for investors” ahead of risk events such as the US election, said UBS Global Wealth Management. Read Full Article at RT.com
JPMorgan & four other major banks moving trillions in dirty money like the FIVE CRIME FAMILIES of NYC – Max Keiser
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The hosts of the Keiser Report, Max and Stacy, look into the recent revelation by the US government that five global banks have processed trillions of dollars in suspicious transactions. Read Full Article at RT.com
East Asia poverty to rise for first time in 20 years due to Covid-19 pandemic – World Bank
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A new report by the World Bank reveals that Covid-19 delivered a “triple shock” to the developing East Asia and Pacific region, with as many as 38 million people expected to remain in, or be pushed back into, poverty as a result. Read Full Article at RT.c
India launches dumping probe into copper imports from Malaysia, Thailand and Vietnam
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New Delhi has launched an official investigation into imports of copper tubes and pipes that originate from Malaysia, Thailand and Vietnam. It aims to determine whether producers in those countries were receiving unfair subsidies. Read Full Article at RT.com
Russian ruble will recover despite current volatility, Kremlin says
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The ruble will undoubtedly rebound from recent losses as it has done before, Russian presidential spokesman Dmitry Peskov said after the currency touched multi-month lows on Monday. Read Full Article at RT.com
Russian Arctic Sea route shipping to top 32 million tons this year – Rosatom
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The volume of cargo transported via Russia's Northern Sea Route (NSR) is constantly growing and could top expectations by the end of the year, said Director General of the State Atomic Energy Corporation Rosatom Alexey Likhachev. Read Full Article at RT.com
Coronavirus crisis not as bad for Russian economy as 2008 financial crash – Alexei Kudrin to RT
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The Russian economy is coping better with the Covid-19 pandemic than it did after the global financial crisis, the head of Russia’s Accounts Chamber and ex-finance minister, Alexei Kudrin, said in an exclusive interview with RT. Read Full Article at RT.com
Despite claims that their economies can survive low oil prices, Gulf nations are grappling with a massive half-trillion-dollar budget deficit. Read Full Article at RT.com
