Indian startup ShareChat looks to fill void left by TikTok ban
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ShareChat, a Twitter-backed Indian social media platform that caters for users in 15 regional languages, is one of many firms looking to fill the gap left by China’s TikTok app after it was banned in India. Read Full Article at RT.com
Russian ruble is one of the most attractive emerging market currencies in post-pandemic world – Goldman Sachs
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Goldman Sachs analysts have named the Russian ruble as one of their three top picks for emerging market currencies to back once the panic over the coronavirus pandemic eases. Read Full Article at RT.com
‘Astronomical growth coming’: 43% of global active smartphones will be 5G-ready by 2023
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The year 2020 marks a milestone year for the general mobile market, as the number of active smartphone users will reach 3.5 billion or around 45 percent of the entire global population, says researcher Newzoo. Read Full Article at RT.com
China’s Xpeng unveils flying car prototype at major Beijing auto show
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Chinese electric carmaker Xpeng revealed it is working on a flying car model and showed off a prototype of the vehicle at the Beijing motor show – the biggest international event held for the industry since the pandemic began. Read Full Article at RT.com
According to a recent estimate from TankerTracker, oil exports from Iran hit a year and a half high in August despite heavy sanctions from the US. Read Full Article at RT.com
Hundreds of US companies join Tesla to challenge Trump’s trade war tariffs – media
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Lawsuits against the Trump administration have piled up over the last fortnight as some 3,500 American firms, including auto majors, retailers and pharmacies, were reported to challenge US tariffs on billions of Chinese goods. Read Full Article at RT.com
Russia’s biggest lender Sberbank wants to transform into Big Tech company
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In a major strategy shift, Sberbank, the most popular Russian lender, wants to build its own ecosystem going far beyond the world of finance and to be known not just as a bank, but also as a tech company. Read Full Article at RT.com
Trade deal between US & India unlikely in next 4 years, says former White House economic adviser
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Despite India being an important partner for the United States geopolitically, a bilateral free trade agreement (FTA) is unlikely to be reached soon regardless of who wins the upcoming US presidential election. Read Full Article at RT.com
Russia projected to dominate global wheat exports for years to come
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With grain production in Russia expected at record highs this year, the country has continued boosting exports and extending the list of its potential buyers. Read Full Article at RT.com
DOLLAR WILL CRASH IN 2021, US should brace for double-dip recession, economist warns
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Next year will be brutal for the US currency, according to Yale University senior fellow Stephen Roach. He said that his “seemingly crazed idea” that the dollar will crash shouldn’t seem so crazy anymore. Read Full Article at RT.com
India topped its strategic petroleum reserves with $19 a barrel oil
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India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly $700 million in the process, India’s Ministry of Petroleum and Natural Gas said on Monday. Read Full Article at RT.co
Dow crashes over 800 points, global stock markets sink over concerns of second COVID wave
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US stocks fell sharply on Monday, extending last week’s declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the pandemic and more business re-closures. Read Full Article at RT.com
Global stock markets sink over concerns of second COVID wave
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US stocks fell sharply on Monday, extending last week’s declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the pandemic and more business re-closures. Read Full Article at RT.com
JPMorgan & top global banks moved trillions in dirty money for oligarchs & criminal networks - ICIJ report
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Five major banks (Bank of New York Mellon, Deutsche Bank, HSBC, JPMorgan and Standard Chartered) processed trillions of dollars of transactions identified as suspicious, a new ICIJ report reveals. Read Full Article at RT.com
Russia’s unemployment rate expected to improve to pre-crisis levels next year
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Russia’s labor market is set to rebound by the end of 2021, with the unemployment rate falling below five percent, according to documents related to the national budget plan. Read Full Article at RT.com
Technology giants may face TikTok fate as EU seeks to toughen up Big Tech regulation
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Struggling to make technology companies play by its rules, the EU may unleash measures similar to those the US imposed on TikTok, forcing them to sell some of their European operations or get out of the market altogether. Read Full Article at RT.com
Russian nuclear giant Rosatom eyes 10% of lithium market by 2030
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Uranium One, a unit of Russia’s state-owned nuclear energy firm Rosatom, plans to begin producing lithium by 2023, targeting between 9% and 10% of the global market by 2030. Read Full Article at RT.com
Europe is ‘far behind’ the rest of the world on 5G deployment, top industry players warn
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A group of over 50 of the largest European tech and industrial firms have criticized EU members for lagging behind other countries in the rollout of 5G networks, calling for urgent measures before it is too late to close the gap. Read Full Article at RT.com
The oil demand recovery is taking longer to materialize than many analysts initially thought, but it’s not just demand, the oversupply situation in markets also continues to be a bearish factor. Read Full Article at RT.com
Russia continues stockpiling gold, raising forex reserves to near all-time high
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Russian gold and foreign currency holdings increased to a total of $591.8 billion, according to the latest data released by the country’s central bank. Read Full Article at RT.com
TikTok sues Trump to overturn ban that could ‘destroy online community’ – report
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TikTok has reportedly filed a complaint against the Trump administration, seeking to block the looming ban on the app’s operations. It marks the second time the company has tried to legally challenge the US government. Read Full Article at RT.com
Global investors ready to put $9.5 billion into Russia’s Arctic LNG 2 project – report
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Russia’s Arctic LNG 2 (liquefied natural gas) project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial support. Read Full Article at RT.com
Sweeping US ban on Chinese cotton could ‘wreak havoc’ on supply chains, major industry group warns
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The US’ plans to block imports of cotton from China’s Xinjiang region over the alleged use of forced labor could be impossible to enforce, the US apparel association said, adding that the move may jeopardize global supply chains. Read Full Article at RT.c
China’s yuan strengthens against US dollar, could grow even stronger
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Buoyed by a weaker US dollar and the fast recovery of China’s economy after the coronavirus outbreak, this week the Chinese yuan (renminbi) hit its strongest level against the greenback since May 2019. Read Full Article at RT.com
Federal Reserve must ‘thread a narrative needle’ as Covid-19 splits US into ‘two parallel economies’ – ex-Fed insider to Boom Bust
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The US Federal Reserve has announced that it can keep interest rates near zero for at least the next three years despite better than expected recovery of the US economy amid the coronavirus outbreak. Read Full Article at RT.com
No lie too big: Keiser Report compares Big Oil’s plastic pollution to US Fed’s ‘toxic waste dumps’ of fiat money
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In a new episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the fact that most plastic is not actually recycled. It is just dumped in the landfill with all our other trash. Read Full Article at RT.com
Alibaba teams up with drug maker Sinovac to create platform for coronavirus vaccine inoculation
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The flagship health care platform of one of China’s leading tech giants - Alibaba Health Information Technology - has inked an agreement with Chinese coronavirus vaccine developer Sinovac Biotech. Read Full Article at RT.com
US Treasury & the Fed like partners in crime ripping off the American public – Peter Schiff
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As the fiscal 2020 budget deficit of the United States surged past $3 trillion, more than double the previous record deficit, Treasury Secretary Steven Mnuchin called for more federal spending. Read Full Article at RT.com
OPEC+ complied 101% with oil production cuts in August
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The OPEC+ coalition saw its overall compliance rate with the production cuts at around 101 percent in August, three sources in the group told Reuters. Read Full Article at RT.com
Boeing is broken in more ways than one – pilot spokesman tells Boom Bust
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The US Federal Aviation Administration (FAA) is expected to reach a key milestone for the troubled Boeing 737 MAX’s return. The jet has been grounded for nearly 18 months since two fatal crashes killed 346 people. Read Full Article at RT.com
Germany offers US billion-euro LNG investment deal to lift sanctions from Russia’s Nord Stream 2 gas pipeline – report
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Berlin has offered to invest €1 billion in US liquefied natural gas (LNG) if Washington lifts sanctions against the Russia-led Nord Stream 2 gas pipeline project, newspaper Die Zeit reported on Wednesday. Read Full Article at RT.com
Germany offers US billion-euro LNG investment deal to lift sanctions from Russia’s Nord Stream 2 gas pipeline
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Berlin has offered to invest €1 billion in US liquefied natural gas (LNG) if Washington lifts sanctions against the Russia-led Nord Stream 2 gas pipeline project, newspaper Die Zeit reported on Wednesday. Read Full Article at RT.com
Global tourism industry lost $460 BILLION due to COVID pandemic, UN says
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The massive drop in international travel during the first half of 2020 has led to a loss of 440 million international arrivals, according to the UN World Tourism Organization (UNWTO). Read Full Article at RT.com
China opens its market to more Russian meat suppliers
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Eight more Russian firms have been allowed to supply meat and poultry by-products to China, Russia’s food safety regulator Rosselkhoznadzor said on Tuesday. Read Full Article at RT.com
Austria’s president wants Nord Stream 2 completed, says it’s a ‘commercial project’ with no connection to Navalny incident
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Austrian President Alexander Van der Bellen says he is against the idea of blocking Russia’s Nord Stream 2 gas pipeline over the situation with the alleged poisoning of Russian opposition figure Alexey Navalny. Read Full Article at RT.com
US economy DEAD & no ‘formaldehyde of fiat money’ could reanimate it – Max Keiser
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In a new episode of RT’s Keiser Report, Max Keiser and Stacy Herbert discuss ‘the chart of the year’ showing income soaring in the United States as government transfers boost household balance sheets. Read Full Article at RT.com
Second wave of COVID could crush road fuel recovery
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A resurgence of coronavirus cases in many part s of the world over the next few months will be the main hurdle to global demand for gasoline and diesel recovering to pre-pandemic levels by the end of 2021. Read Full Article at RT.com
Airbus warns of MASSIVE LAYOFFS amid «gravest crisis» in company's history
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The head of European plane maker Airbus, Guillaume Fauryhas, has told staff that compulsory redundancies may be imposed as the air travel industry fails to recover as quickly as expected from the Covid-19 crisis. Read Full Article at RT.com
Russians spending more on domestic holidays due to international travel restrictions
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Spending by Russians on travel around the country grew 1.5 times in the second half of the summer season, amounting to about 9.5 billion rubles (over $125 million), VTB Bank’s press service has announced. Read Full Article at RT.com
