Russia unveils agenda for Eastern Economic Forum in Vladivostok
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The Eastern Economic Forum (EEF) will kick off in Vladivostok, Russia on September 2. The forum’s main goal is to boost the economic development of Russia’s Far East and international cooperation in the Asia-Pacific region. Read Full Article at RT.com
Is Covid ‘pingdemic’ causing food and gas shortages in parts of UK? RT’s Keiser Report investigates
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The UK’s latest strategy to stop the spread of Covid is wreaking havoc on the country’s economy. An app pings people on their smart phones if they’ve come into contact with anyone infected, forcing them to quarantine for 10 days. Read Full Article at RT
Hydrogen is quickly gaining ground in the global energy mix, but it still has a long way to go to become the low-carbon solution it is being touted as. Read Full Article at RT.com
Will accelerated printing of fiat money result in the 15-minute recession? RT’s Keiser Report takes a look
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Max Keiser and Stacy Herbert take a look at the statistics showing that the latest recession sustained by the US lasted just two months – the shortest incidence in the American history. Read Full Article at RT.com
Russia may peg tax on mining firms to global metals prices in 2022 to protect sector from price spikes
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Russian authorities are mulling the idea of pegging a mineral extraction tax (MET) levied on metals producers to the global price of their products as soon as next year, according to Deputy Finance Minister Aleksey Sazanov. Read Full Article at RT.com
Analysts downgrade 2021 forecast for oil to $70 per barrel, predicting that coronavirus variants may cool demand recovery
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Covid-19 variants, along with the slower-than-expected return of Iranian shipments, will reportedly continue affecting the global markets for crude until the end of the current year, remaining a major source of volatility. Read Full Article at RT.com
Chinese tech stocks suffer worst sell-off since global financial crisis as Beijing pledges to step up screening of US-listed firms
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Big Chinese tech stocks listed in the US have suffered their worst month since October 2008 as the latest clampdown by China’s regulators forced investors to reassess the world’s largest stock market, triggering a major sell-off. Read Full Article at RT.c
India’s renewable industry to see $150 billion of investment by 2030
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India’s renewable energy industry could see equity investments of some $150 billion by 2030, according to Gaurav Singhal, managing director at Bank of America’s Indian division. Read Full Article at RT.com
Gold on course for best weekly gains in 2 months as US Fed shows no sign of changing its loose monetary policy
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Gold prices are hovering around a two-week high as of Friday, showing the biggest weekly gains in over two months as the US Federal Reserve keeps key policy rates unchanged, engendering investors' optimism about commodity markets. Read Full Article at RT.com
Russia & China expanding yuan share in mutual trade, pushing out US dollar – Chinese Ambassador to Russia
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The share of the Chinese currency in trade between Russia and China has increased, as the countries boost efforts to move away from the US dollar in response to Washington's sanctions policies, according to a top Chinese diplomat. Read Full Article at RT.com
US imports from Russia surge 50% amid price rally in commodity markets
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Exports of Russian commodities to the US went up one-and-a-half times in the first five months of the current year compared to the same period a year ago, according to statistics released by the US Census Bureau. Read Full Article at RT.com
Tesla makes $1 billion profit in record quarter despite parts shortages and drop in bitcoin assets value
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Elon Musk’s electric car maker Tesla has nearly doubled its profits in the second quarter of 2021, making $1 billion in quarterly net income for the first time. Read Full Article at RT.com
RT’s Boom Bust looks at how the latest UK effort to stop the spread of Covid-19 could hurt economic recovery
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As the UK finally reopened its economy, the National Health Service (NHS) announced it wants to force people to self-isolate if they came into contact with someone who later tested positive for Covid-19. Read Full Article at RT.com
Crypto rally deflates after Amazon denies report it will accept bitcoin as payment
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Bitcoin led the cryptocurrency market decline on Tuesday after Amazon dispelled rumors claiming the online retail giant was planning to accept bitcoin as payment. Read Full Article at RT.com
Bitcoin bulls back as world’s top crypto surges towards $40,000
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The world’s most popular cryptocurrency, bitcoin, jumped 15% on Monday to over $39,000, following two days of steady gains that may mean a turn towards a bullish crypto market. Read Full Article at RT.com
Russia inks deals worth over $3.5 BILLION during MAKS 2021 Air Show
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Agreements worth around 265 billion rubles ($3.59 billion) were signed during Russia’s biennial MAKS 2021 international air show, which ended Sunday, exceeding the results of the previous MAKS 2019. Read Full Article at RT.com
Russia is finally embracing the electric vehicle boom
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Late in the race, Russia has recently announced investments targeting electric vehicle (EV) growth in an attempt to catch up with the transition across the rest of Europe. Read Full Article at RT.com
Global central banks to boost share of Chinese yuan while reducing US dollar holdings – survey
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One third of central banks worldwide will add the yuan to their reserve assets in the nearest future, prompting the rise of the Chinese currency, a global survey shows. Read Full Article at RT.com
VC firms are pouring billions of dollars into green tech
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Green technology is quickly emerging as the hottest investment sector for venture capitalists, with private firms completing $7.7 billion in deals this year. Read Full Article at RT.com
The US oil and gas sector was torn apart during last year’s COVID-19 fueled market mayhem, but it appears that America’s shale patch is back on track, looking as healthy as ever. Read Full Article at RT.com
India in talks with Russia over investments in Russian oil and gas assets – sources
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India is negotiating investments of between two and three billion dollars in Russian oil and gas exploration and production projects with the Russian government, the Business Standard newspaper reports, citing unnamed officials. Read Full Article at RT.com
India rejects bids by Amazon & Flipkart to quash antitrust probe
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An Indian court has turned down appeals by Amazon and Walmart-owned Flipkart to call off an antitrust investigation into their business practices in the country. Read Full Article at RT.com
Boom Bust looks into why Germany will have to pay Ukraine for non-existent gas transit
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Washington and Berlin have reportedly reached a deal regarding the completion of Nord Stream 2, a direct natural gas pipeline from Russia to Germany. Read Full Article at RT.com
Zhukovsky cargo airport nails $150 million-worth in deals at MAKS 2021
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Zhukovsky International Airport Cargo (ZHIA-Cargo) near Moscow has signed $150 million in agreements on the sidelines of the MAKS 2021 Air Show, the cargo operator announced on Friday. Read Full Article at RT.com
RT’s Keiser Report asks whether US firms pandering to China signals end to American economic dominance
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Despite trade tensions between Washington and Beijing, major American corporations and Hollywood continue to shift to the growing Chinese market. Read Full Article at RT.com
What’s really behind the EU’s latest effort to regulate cryptocurrencies? RT’s Boom Bust wants to know
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The EU has proposed legislation forcing service providers to report cryptocurrency transactions of $1,000 or more. While officials claim the new regulations target illegal activities, the real reason behind them may be taxation. Read Full Article at RT.com
Russian ruble remains one of the world’s most undervalued currencies – Big Mac Index
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The Russian ruble is once again one of the most undervalued currencies in the world, according to the Big Mac Index, published by The Economist. Read Full Article at RT.com
Global carmaker Stellantis to produce Fiat vans in Russia
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Fiat Scudo light commercial vehicles will be produced in Russia by the end of 2022, multinational automobile manufacturer Stellantis has announced. Read Full Article at RT.com
China buys less Saudi crude as it slams the brakes on oil imports
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Saudi Arabia remained China’s single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world’s top oil importer fell by 19% last month amid lower overall imports. Read Full Article at RT.com
Five countries interested in Russia’s state-of-the-art Su-57 fighter jet
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Russia’s state arms exporter Rosoboronexport is holding talks with five countries eager to buy the Su-57 fifth-generation multirole fighter, the agency revealed at the MAKS-2021 air show on Tuesday. Read Full Article at RT.com
Global oil prices drop below $70 as OPEC+ reaches deal on output boost
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Major global crude benchmarks Brent and WTI continued to trade below $70 per barrel on Tuesday after the Organization of the Petroleum Exporting countries (OPEC) and allies reached a deal to raise oil production. Read Full Article at RT.com
Does Microsoft have itself to blame for alleged Chinese cyberattack? RT’s Boom Bust investigates
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The US has blamed Chinese hackers for a major breach of tech giant Microsoft. Investigative journalist Ben Swann joins the program to analyze the accusations and what they mean in an age of growing cybersecurity concerns. Read Full Article at RT.com
S&P maintains Russia’s stable economic outlook despite sanctions and pandemic
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Rating agency Standard & Poors (S&P) has confirmed Russia’s foreign currency sovereign credit rating at BBB-/A-3, giving it a stable outlook. Read Full Article at RT.com
China’s crackdown on firms trading in US could kill $2 TRILLION listings market
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New regulations concerning listings of Chinese firms on foreign exchanges are likely to mean that Beijing aims to put a lid on the US IPO market altogether, market experts say. Read Full Article at RT.com
Greenland ditches oil exploration efforts after 50 years of failure
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Greenland is abandoning its ambition of 50 years of becoming an oil-producing nation, suspending its oil exploration strategy because of environmental and climate concerns. Read Full Article at RT.com
OPEC+ members agree to ramp up output by 400,000 barrels per day amid soaring oil prices
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The Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to boost oil supply starting in August, since prices have reached a three-year high as economies recover from the Covid-19 pandemic. Read Full Article at RT.com
EU court says Russia should limit gas supply to Europe
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The Court of Justice of the European Union upheld on Thursday a lower tribunal's ruling which had said that Russia's access to the OPAL gas pipeline should be limited. Read Full Article at RT.com
OPEC+ says oil demand may reach pre-pandemic level in 2022
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The Organization of the Petroleum Exporting Countries (OPEC) and allied producers project global oil demand to grow by six million barrels a day in the second half of 2021, reaching pre-pandemic levels by next year. Read Full Article at RT.com
Does global debt even matter anymore? RT’s Boom Bust investigates
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Global debt has reached its highest level since WWII as governments continue to pump money into their economies in an effort to recover from damage caused by the Covid-19 pandemic. Read Full Article at RT.com
China cheers Russia’s move away from US dollar in favor of yuan
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Beijing has welcomed Russia’s decision to cut the US currency from its National Wealth Fund and give the yuan a bigger role, China’s Foreign Ministry has announced. Read Full Article at RT.com
