Bitcoin climbs closer to $60,000 on prospect of first exchange-traded fund
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The world’s most popular cryptocurrency has soared to its highest level since May on Friday, propelled by traders’ optimism about a US approval of the first bitcoin futures exchange-traded fund (ETF). Read Full Article at RT.com
How do US crypto miners plan to make the energy-intensive process more efficient? RT’s Boom Bust finds out
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The US has now officially become the world leader in bitcoin mining, doubling its share in the energy-intensive activity after miners were forced out of China by a sweeping mining ban. Read Full Article at RT.com
Russian ruble climbs to highest against US dollar since July 2020
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The ruble continued to strengthen against the US dollar on Friday, reaching levels last seen in July 2020. The Russian stock market MOEX also surged, hitting a record high on rising oil price prices. Read Full Article at RT.com
‘Nobody will freeze’: Russia will supply Europe with as much gas as it needs, says country’s energy committee
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Europe will get as much gas from Russia as it needs to curb energy shortages, while gas prices will inevitably stabilize, the country’s National Energy Committee head Aleksey Gospodarev told RT at the Russian Energy Week forum. Read Full Article at RT.com
Russia will set new record for natural gas output in 2021 – Novak
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Russia is on course to set a new record for natural gas production in 2021, but plans to focus on domestic supplies during the upcoming winter, Deputy Prime Minister Alexander Novak said at the Russian Energy Week forum. Read Full Article at RT.com
China crude oil imports decline between January and September
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Crude oil imports into China fell by 6.8% over the first nine months of the year, to 387 million tons, according to customs data cited by Reuters. Read Full Article at RT.com
Is China trying to reset its entire housing market in response to the Evergrande crisis? Boom Bust investigates
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Morgan Stanley has upgraded China’s property market to ‘attractive’, saying it believes policy easing in the sector looks likely to kick in. This comes amid the ongoing default fears of major Chinese developer Evergrande Group. Read Full Article at RT.
Experts warn of ‘extreme greed’ territory for bitcoin as crypto pushes toward $60,000
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The world’s top cryptocurrency continues to rise, as bitcoin price surpasses $58,000 per coin, marking a nearly 26% surge for the month to date. Experts warn, however, that the sharp increase may lead to a sell-off. Read Full Article at RT.com
Russia willing to boost gas transit through Ukraine if Kiev offers competitive conditions
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Russia is ready to increase the transit of natural gas via Ukraine if the European Union increases purchases and Kiev offers competitive transit conditions, Kremlin spokesman Dmitry Peskov told journalists on Wednesday. Read Full Article at RT.com
Boom Bust looks at Jamie Dimon’s mood swings toward bitcoin
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JPMorgan Chase’s CEO Jamie Dimon once again attacked the top cryptocurrency this week, calling bitcoin “worthless” and saying he still isn’t buying into the hype surrounding the crypto. Read Full Article at RT.com
Coal prices in China hit record highs as floods worsen supply crunch
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Power demand in China is expected to grow as the nation enters its winter heating season. The energy situation was exacerbated by floods, which have led to a dramatic surge in coal prices. Read Full Article at RT.com
China launches major audit of country’s financial system to root out corruption
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Beijing has announced a major inspection of the country’s financial regulators, insurers, bad-debt managers and its biggest state-controlled banks, the Central Commission for Discipline Inspection said in a statement. Read Full Article at RT.com
Soaring energy prices push Russian ruble to multi-month highs against dollar & euro
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The ruble has reached its strongest levels in months against the US dollar and the euro, as soaring global energy prices boost the Russian national currency. Read Full Article at RT.com
IMF board backs its managing director despite claims of bias in favor of China
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The International Monetary Fund decided to keep Kristalina Georgieva as its managing director, expressing full confidence in her leadership, despite accusations she'd altered data to favor China during her time at the World Bank. Read Full Article at RT.com
Is Facebook failing to take responsibility for its content? RT’s Boom Bust investigates
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Following a disastrous week, Facebook says it is willing to open up its algorithm to federal scrutiny to make sure it is performing as intended and not harming users. Read Full Article at RT.com
Consumers will have to get used to increasing food prices, as pandemic-shaken economies and the global energy crunch have placed an enormous burden on the world’s food producers, Kraft Heinz CEO Miguel Patricio has warned. Read Full Article at RT.com
Taliban seeks Russian assistance in reconstruction of war-torn Afghanistan
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Afghanistan’s Deputy Minister of Information and Culture Zabihullah Mujahid has expressed the hope that Russia would help rebuild the country, destroyed from decades of war. Read Full Article at RT.com
Trump blasts Biden for compromising US energy security as Washington turns to Russia & OPEC for more oil
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The US is being forced to negotiate oil supplies with Russia and the Organization of Petroleum Exporting Countries (OPEC) due to the loss of energy independence under the current administration, the former US president has said. Read Full Article at RT.com
India wants Russia to be major importer of Darjeeling tea, like it was back in the USSR
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The tea producers in India’s Darjeeling municipality would love Russia to become their key importing customer again, Darjeeling Tea Association Principal Advisor Sandeep Mukherjee told TASS. Read Full Article at RT.com
India faces a power crisis as coal stocks decline – Delhi chief minister
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The chief minister of Delhi on Saturday warned that the power crisis which has already caused electricity cuts in some eastern and northern states is about to impact the Indian capital and its 20 million citizens. Read Full Article at RT.com
US oil benchmark tops $80 per barrel for first time in 7 years
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The price of US West Texas Intermediate (WTI) crude oil exceeded $80 per barrel for the first time since November 2014 this week following reports that Washington will not tap the nation’s oil reserves to curb gasoline prices. Read Full Article at RT.com
Gazprom raises forecast for gas export prices by over 10% in 2021
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Russia’s state energy giant Gazprom has raised its forecast for gas export prices in 2021 and called for changes to the gas pricing mechanism in Europe to avoid further crises. Read Full Article at RT.com
China orders huge boost in coal output to avert severe power crunch
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Beijing has called for an immediate expansion of coal production in Inner Mongolia by nearly 100 million tons, Reuters reports. This comes amid a global energy crunch and coal shortages in the country. Read Full Article at RT.com
Russia supplying additional gas to Europe using all available routes – Gazprom Export
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Russia has been gradually increasing gas deliveries to Europe over the past nine months, boosting exports by 15% compared to last year and edging toward record gas deliveries via all routes, including Ukraine, Gazprom Export says. Read Full Article at RT.com
Beijing stock exchange runs technical tests ahead of trading by year’s end
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China’s newly-established Beijing Stock Exchange is prepping to start trading by the end of the year, having successfully run the first technical test with market players, with the second test planned later this week. Read Full Article at RT.com
Russia's Nord Stream 2 pipeline could play crucial role in stabilizing European gas market – International Gas Union
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The current volatility of gas prices is partly due to some global economies having become too reliant on renewable energy sources, according to the president of the International Gas Union, Dr. Joe M. Kang. Read Full Article at RT.com
Oil price drops from 7-year-high after Russia & US ease energy supply worries
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Global crude prices have dropped around 1% on Thursday after Russia offered to ease the energy crisis in Europe with extra gas supplies, while the US hinted at releasing crude from its strategic reserves. Read Full Article at RT.com
Boom Bust analyzes state of global debt, fast approaching a record $300 TRILLION
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About $4.8 trillion were added to the global debt pile in the second quarter of this year, pushing the total to a record high of $296 trillion, according to data from the Institute of International Finance (IIF). Read Full Article at RT.com
India’s wheat exports could quadruple to an 8-year high amid global price surge
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Exports of wheat by the world’s second biggest producer, India, are expected to hit record volumes this year as a spike in global prices and higher freight costs make Indian grain lucrative for Asian buyers. Read Full Article at RT.com
Natural gas prices drop as Putin says Russia will boost supplies to Europe
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The price of gas futures in Europe has plunged nearly 22%, below $1,000 per 1,000 cubic meters, on news that Russia is willing to ramp up supplies to the continent. Gas prices nearly reached $2,000 a day earlier. Read Full Article at RT.com
Ruble strengthens to 14-month high against euro while Russian stocks hit record levels
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Rising energy prices have pushed Russia's currency to its strongest level against the euro in more than a year, and propelled Russian stocks to record highs. Read Full Article at RT.com
What does the future US-China trade policy look like? RT’s Boom Bust explores
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Top US trade negotiator Katherine Tai has pledged to exclude some Chinese imports from tariffs imposed by former President Donald Trump. This comes as the two nations are set to hold key trade discussions. Read Full Article at RT.com
Gas price in Europe soars above $1,900 per 1,000 cubic meters
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European gas prices broke new record highs on Wednesday, rising sharply to above $1,900 per 1,000 cubic meters at the opening of trading. That is equivalent to $186 per megawatt-hour in household terms. Read Full Article at RT.com
As the threat of hyperinflation grows in the face of runaway government spending, growing consumer demand, and a supply chain crisis, oil prices could well hit $180 by 2022. Read Full Article at RT.com
US trade deficit reaches record $73.3bn amid ongoing spat with China
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The US trade imbalance in August rose to an all-time high, having widened by another $3 billion, or 4.2%, as relatively insignificant gains in exports were swamped by a much larger growth in imports. Read Full Article at RT.com
Could Biden’s spending bill save the American middle class? Keiser Report explores
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US President Joe Biden has declared he will “work like hell” to get the twin spending bill, which consists of a multi-trillion-dollar infrastructure and social spending legislation, passed through Congress. Read Full Article at RT.com
European gas prices push higher as winter season approaches
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Natural gas prices in Europe broke another record on Tuesday, reaching almost $1,250 per 1,000 cubic meters, according to data from the Intercontinental Exchange (ICE). Read Full Article at RT.com
