Electric car maker Tesla is facing a lawsuit over CEO Elon Musk’s Twitter posts, which dragged down the company’s stock prices. Read Full Article at RT.com
Musk performs his favorite party trick with Tesla stock
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In his second round of sales this week, Tesla CEO Elon Musk got rid of another 934,091 company shares for more than $884 million, regulatory filings showed on Thursday. However, the billionaire now owns more Tesla stock than ever. Read Full Article at RT.com
Annual consumer inflation in 19 EU states surged last month to a record 4.9% from 4.1% a month earlier, data from the European statistical agency Eurostat shows. Read Full Article at RT.com
The Central Bank of Russia wants to ban cryptocurrencies in the country, Reuters has reported, citing sources close to the regulator. Read Full Article at RT.com
Social media platform Reddit announced it has confidentially filed a draft registration with the US Securities and Exchange Commission (SEC) to become a publicly traded stock. Read Full Article at RT.com
Wall Street to share Covid-era profits with its bankers
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JPMorgan Chase and Goldman Sachs are reportedly planning to award their investment bankers with major bonuses in 2021, following a post-pandemic boom in deal-making. Read Full Article at RT.com
US airlines to defend billions received in Covid aid
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Major US carriers will account on Wednesday for the $54 billion payroll assistance package awarded by the government to the struggling sector during the Covid-19 pandemic. Read Full Article at RT.com
Energy crisis coming as global oil production set to plunge by a third
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Global crude production is expected to drop 30% by the end of the current decade due to underinvestment in oil and gas, according to Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman. Read Full Article at RT.com
Investment guru says days of US dollar dominance are numbered
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Legendary investor Jim Rogers says he plans to sell off his dollar holdings as soon as the next peak occurs, as the current state of the US economy will inevitably put an end to the greenback’s global hegemony. Read Full Article at RT.com
Get ready for ‘golden era of robotics’ – strategist
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Low interest rates, rising labor costs and disrupted supply chains are setting up “a huge surge in spending on robotics and artificial intelligence,” says Global X, the New York-based provider of exchange-traded funds (ETFs). Read Full Article at RT.com
Elon Musk has tweeted that his electric car company Tesla will accept the cryptocurrency dogecoin as payment, but only for some of its merchandise. The announcement sent the price of the Shiba Inu meme-inspired token surging. Read Full Article at RT.com
Russia last week announced a major new energy cooperation deal with India that threatens the very core of the US’s fightback strategy against Beijing’s and Moscow’s expansionism in the Middle East and beyond. Read Full Article at RT.com
Ukraine has weakest economy in Europe & govt is to blame, ex-PM says
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Ukraine’s GDP is the lowest in Europe, the country’s former prime minister and opposition MP, Yulia Timoshenko, said on Tuesday. She blasted the government for creating the current energy crisis, rising prices, and inflation. Read Full Article at RT.com
SpaceX founder Elon Musk has revealed that his company is working on a program to take CO2 out of the atmosphere by turning it into rocket fuel – claiming that the program will be important for his mission to Mars. Read Full Article at RT.com
Elon Musk plans to decrease carbon footprint with fuel
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SpaceX founder Elon Musk has revealed that his company is working on a program to take CO2 out of the atmosphere by turning it into rocket fuel – claiming that the program will be important for his mission to Mars. Read Full Article at RT.com
Germany risks ‘complete loss of credibility’ – former top diplomat
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There’s a lot of confusion and “unilateral verbal threats” around the Nord Stream 2 project, according to the former foreign minister of Austria, Karin Kneissl. She has described the whole situation as “very ambiguous.” Read Full Article at RT.com
As 2021 draws to a close, cryptocurrencies are now just a stone’s throw away from becoming a fully valid part of mainstream finance, according to some analysts. Read Full Article at RT.com
Global miners have generated 90% of all obtainable bitcoin, according to figures revealed by a blockchain data tracker on Monday. That means 18.89 million bitcoins have been mined so far of a maximum total of 21 million. Read Full Article at RT.com
The Turkish currency weakened to another record low on Monday, dropping below 14 lira per US dollar amid investor concerns ahead of a policy-setting central bank meeting later this week. Read Full Article at RT.com
СEO forced to tap own share in Evergrande to pay debts
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China Evergrande Group founder and chairman Hui Ka Yan has sold more of his own shares in the company this week in an attempt to keep the defaulted property developer afloat. Read Full Article at RT.com
US shale producers have been disappointed with the Biden Administration’s policies regarding the oil and gas industry for nearly a year now, and they voiced their disappointment at this week’s World Petroleum Congress in Houston. Read Full Article at RT.c
The United Arab Emirates plans to increase its trade turnover with Russia to $20 billion in the next five years, the country’s Foreign Trade Minister Thani bin Ahmed Al Zeyoudi has announced. Read Full Article at RT.com
Grab popcorn & watch US dollar collapse – Max Keiser
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Washington is struggling to figure out how to regulate the digital asset market. Some in Congress say that banning crypto could help preserve the US dollar’s status as the world’s reserve currency. RT’s Max Keiser disagrees. Read Full Article at RT.com
Russia’s gold and foreign currency holdings grew by $3 billion in the week through December 3, with total reserves reaching $622.8 billion, the latest data published by the country’s central bank shows. Read Full Article at RT.com
Malaysia has charged a supplier for world-famous vacuum cleaner producer Dyson with violations of labor law on accommodation for workers amid an ongoing probe over forced labor complaints, authorities said on Saturday. Read Full Article at RT.com
Biden says how much richer Americans have become this year
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Americans now have $100 more each month than they did last year despite record inflation, US President Joe Biden said this week, commenting on unemployment insurance claims. Read Full Article at RT.com
World’s drunkest nation may have to stay sober this Christmas
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Australia, recently revealed as the world’s drunkest country, is heading into this year’s festive season with a shortage of beer amid supply disruptions. Read Full Article at RT.com
Biden says Americans are $100 richer each month than last year
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Americans now have $100 more each month than they did last year despite record inflation, US President Joe Biden said this week, commenting on unemployment insurance claims. Read Full Article at RT.com
‘Crash and depression coming’ to US – Robert Kiyosaki
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Famed writer and economist Robert Kiyosaki has warned investors that the stock markets are about to crash and the US economy is heading into a “depression.” Read Full Article at RT.com
‘Crash and depression’ forecast for US markets & economy
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Famed writer and economist Robert Kiyosaki has warned investors that the stock markets are about to crash and the US economy is heading into a “depression.” Read Full Article at RT.com
Elon Musk has said that nuclear power plants should be kept open unless they are susceptible to extreme natural disasters. His statement comes as California is planning to shut down its last nuclear plant. Read Full Article at RT.com
Italy’s antitrust regulator has fined US e-commerce giant Amazon €1.13 billion ($1.28 billion) for abuse of its market dominance, in one of the biggest financial penalties introduced against a US company in Europe. Read Full Article at RT.com
US investment bank JPMorgan Chase said on Wednesday that 2022 will mark the end of the coronavirus pandemic and see global economic recovery. Read Full Article at RT.com
European gas futures soar as US weighs sanctions on Russia
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The price of natural gas in Europe topped $1,150 per 1,000 cubic meters on Wednesday, or €99 per megawatt-hour in household terms, trading data shows. This comes as Russia, a major energy supplier, faces threats of US sanctions. Read Full Article at RT.com
Australian computer scientist Craig Wright, who claims to be the creator of bitcoin, won a major US court case over the estate of former business partner David Kleiman on Tuesday. Read Full Article at RT.com
Russia’s top banker slams Zuckerberg’s metaverse as ‘unrealistic’
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Herman Gref, the head of Russia’s largest bank, SberBank, has criticized Facebook founder Mark Zuckerberg’s idea of creating a metaverse, or unified platform for virtual and physical things. Read Full Article at RT.com
Staggering travel decline spoils World Aviation Day
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Covid-19 has led to a dramatic drop in global air travel as the aviation industry marks its annual International Civil Aviation Day today, December 7. Read Full Article at RT.com
Fed bigger threat to stock markets than Omicron – Morgan Stanley
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The potential impact of the US Federal Reserve’s move on speeding up the taper of asset purchases may turn into a much bigger headwind for the stock markets than the Omicron Covid-19 strain, analysts at Morgan Stanley say. Read Full Article at RT.com
Shift to EVs could cost half a million European jobs
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A new study by the European Association of Automotive Suppliers (CLEPA) has found that half a million jobs could be lost in the EU by 2040 with the ban on combustion-engine cars and transition to electric vehicles. Read Full Article at RT.com
Goldman Sachs has downgraded its US economic growth forecast for 2022 from a previously expected 4.2% to 3.8%. The outlook was cut due to rising risks and uncertainty around the new Covid-19 variant, Omicron. Read Full Article at RT.com
