Covid pandemic made rich richer & poor poorer, Prof. Wolff tells Boom Bust
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A new Credit Suisse global wealth report shows that the number of new millionaires increased by over five million during the pandemic year 2020. Read Full Article at RT.com
Can Russia become a major player in helium markets?
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With the launch of new large helium capacities in Russia, the risk of any global helium shortage will cease to be a reality. Read Full Article at RT.com
Covid crisis caused wealth inequality & created millions of new millionaires – Credit Suisse
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The Covid-19 pandemic saw an enormous growth in wealth disparity worldwide in 2020, the Credit Suisse Research Institute says. It reported a 5.2 million increase in the number of millionaires, to a total of 56.1 million people. Read Full Article at RT.com
Why are European regulators targeting US Big Tech? RT’s Boom Bust finds out
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The EU has taken the lead in investigating US technology majors like Google, Apple, Amazon, and Facebook over their alleged monopolistic behavior on the continent. Read Full Article at RT.com
Iran kickstarts production at giant offshore oilfield
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Iran has started pumping oil at a giant new reservoir at the offshore Abuzar oilfield in the Gulf, Iran’s oil ministry news service Shana reported on Tuesday. Read Full Article at RT.com
India considers taxing crypto purchases from overseas exchanges
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India’s tax department is reportedly looking to start applying an ‘equalization levy’ to crypto assets, forcing investors to pay an additional 2% for each purchase from exchanges outside the country. Read Full Article at RT.com
$4,000 Peloton treadmills require additional $39-per-month subscription after safety update
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Owners of Peloton’s $4,000 treadmills have been asked to fork over more cash, after the firm locked the device’s free features due to issues linked to a safety recall, charging another $39 per month just to use the pricey machine. Read Full Article at RT.
Bitcoin's plunge below $29,000 wipes out ALL of this year's gains
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The world’s top digital asset, bitcoin, has suffered a daily plunge of over 11%, dragging the cryptocurrency down to its lowest level this year – $28,993 as of 13:54 GMT on Tuesday, according to data tracked by CoinMarketCap. Read Full Article at RT.com
Bitcoin plunges below $29,000 for first time this year
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The world’s top digital asset, bitcoin, has suffered a daily plunge of over 11%, dragging the cryptocurrency down to its lowest level this year – $28,996 as of 13:59 GMT on Tuesday, according to data tracked by CoinDesk. Read Full Article at RT.com
Bitcoin plunges below $30,000 for first time since January
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The world’s top digital asset, bitcoin, has suffered a daily plunge of over 8%, dragging the cryptocurrency down to its lowest level since January 28 – $29,674 as of 12:44 GMT on Tuesday, according to data tracked by CoinDesk. Read Full Article at RT.com
Google to face another legal challenge as EU launches antitrust probe into its advertising unit
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The European Commission has started a new investigation into Alphabet’s Google to determine if the US tech titan favored its own online display ad technology services, breaching European Union antitrust regulations. Read Full Article at RT.com
OPEC+ may boost oil production to ease global supply deficit
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The Organization of the Petroleum Exporting Countries (OPEC) and its allies will reportedly discuss increasing oil output to meet rising global demand during their upcoming meeting, scheduled for next week. Read Full Article at RT.com
Can other nations follow Russia’s lead in ditching the US dollar? RT’s Keiser Report finds out
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Russia’s divesting from the US dollar gives the country a lot of maneuverability to make its own deals without interference from Washington, says Max Keiser of RT’s Keiser Report. Read Full Article at RT.com
Oil rallies above $75 for first time in more than two years as investors assess tightening market
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Global prices for crude extended their rally, pushing above $75 a barrel for the first time since April 2019, as a rapid rebound from the Covid-19 pandemic across the world underpins increasing fuel consumption. Read Full Article at RT.com
Germany’s anti-monopoly watchdog opens probe against Apple
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Germany’s Federal Cartel Office (FCO) has launched an investigation into Apple to see if the corporation is thwarting competition by abusing its dominant position in the market. Read Full Article at RT.com
Russia boosts grain sales as floating tax on wheat exports bears fruit
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Exports of Russian grain in the first half of June have exceeded the amount sold during all of May, according to shipping data cited by Russian agricultural consultancy SovEcon. Read Full Article at RT.com
Oil price could hit $100 this year on tight supply and rising demand
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The increasingly bullish sentiment in oil markets has several analysts to predict $100 in 2022, but some think that prices could hit that level in 2021 already Read Full Article at RT.com
Bitcoin plummets as China steps up crackdown on crypto miners
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Bitcoin is struggling to stay above $32,000 as a bad run for the world’s most popular digital currency continued on Monday after it fell sharply over the weekend. Read Full Article at RT.com
Miami offers its clean nuclear power to bitcoin miners as it aims to become crypto capital of the world
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Miami Mayor Francis Suarez, who is looking to position the city as a hub for crypto mining activity, announced this week that he is inviting foreign mining companies to establish data centers in the city. Read Full Article at RT.com
West African regional bloc agrees to launch single currency in 2027
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A group of 15 members of the Economic Community of West African States has adopted a new plan to introduce a long-anticipated single currency, according to the Ivorian president of the ECOWAS Commission, Jean-Claude Kassi Brou. Read Full Article at RT.com
US investors boost cash flows into Russia despite sanctions
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Investments by American businessmen in Russia have increased during the sanctions period, according to Valery Garbuzov, director of the Institute for the United States and Canada of the Russian Academy of Sciences. Read Full Article at RT.com
More Brits bought crypto than stocks last year, survey finds
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New research by UK investment firm AJ Bell shows that 7% of British adult respondents reported they had bought crypto over the last year, compared to 5% who invested in stocks and shares ISAs (individual savings accounts). Read Full Article at RT.com
Too little too late: Central banks are about 10 years behind the times with their crypto plans, economist tells RT’s Boom Bust
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Central banks are trying to stay relevant in the cryptocurrency age, so they may make preposterous claims as a way of trying to get the world to pay attention to them, says economics writer Jeffrey Tucker. Read Full Article at RT.com
Russian drillers rejoice as oil continues to rally
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The Russian oil and gas industry is profiting from the significant rise in oil prices and the uptick in global demand for hydrocarbons. Read Full Article at RT.com
Bitcoin dips below $36k amid concerns of impending ‘death cross’
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The price of the world’s major cryptocurrency, bitcoin, has pulled below the crucial $36,000 support level, amid global regulatory crackdowns and environmental concerns. Read Full Article at RT.com
China ramps up investment into countries participating in the New Silk Road initiative
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China's outbound direct investment (ODI) into countries involved in the ambitious Belt and Road Initiative (BRI) has continued to increase, expanding 13.8% year-on-year in the first five months of 2021 to $7.43 billion. Read Full Article at RT.com
India's fuel demand is recovering after second Covid wave peak
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India's fuel demand jumped by 13% in the first two weeks of June, for a first monthly rise since March, suggesting that the worst of the impact of the second Covid wave has peaked and consumption is rebounding. Read Full Article at RT.com
China moving closer to launch of world’s first sovereign digital currency
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Beijing has launched a digital yuan test program, allowing consumers to spend the digital currency at multiple merchants in the city. Read Full Article at RT.com
US-China relationship headed toward new Cold War – RT’s Boom Bust
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As the US picks up its fight against Chinese 5G technology, offering incentives to combat Beijing, analysts say relations between the world’s two largest economies will only worsen under the Biden administration. Read Full Article at RT.com
Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy
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The Russian ruble has hit the strongest level against the US dollar since July 2020, as global crude oil prices are on the rise and the country continues to eliminate dollar holdings from its currency reserves. Read Full Article at RT.com
EU says it has settled 17-year dispute with US over Boeing & Airbus subsidies
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Brussels and Washington have reached a settlement over state subsidies for aircraft manufacturers. Since 2004, the EU has accused the US of providing illegal aid to Boeing, while Washington claimed Brussels was subsidizing Airbus. Read Full Article at RT.com
Dust Bowl of money: RT’s Keiser Report looks into the man-made disaster that has destroyed the global monetary system
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RT’s Keiser Report visits the Bitcoin 2021 conference in Miami to discuss current mass-migration in the US, the likes of which hasn’t been seen since the Dust Bowl of the 1930s, when farmers from the Midwest moved to California. Read Full Article at RT.co
Britain agrees broad terms of post-Brexit trade agreement with Australia – media
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The UK and Australia have reportedly agreed on the broad terms of a free trade deal as the British government seeks to expand commercial activity after leaving the European Union. Read Full Article at RT.com
The great diversifier: Bitcoin pushes above $40,000 after bullish comments by veteran investor
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The world’s most prominent virtual currency, bitcoin, has rallied above $40,000 after legendary investor Paul Tudor Jones referred to the crypto as to a portfolio diversifier. Read Full Article at RT.com
Iran says it’s reached agreement with US on lifting of Trump-era economic sanctions
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Iran’s Foreign Ministry says it has finally reached a deal with the US, meaning all the sanctions imposed on the country’s industrial sectors, including energy, will be removed. Read Full Article at RT.com
US sanctions on Russia’s sovereign debt come into force
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The ban on purchasing Russia’s sovereign debt by US investors introduced by Washington earlier this year came into force on Monday. Read Full Article at RT.com
Russia tops list of countries most affected by cryptocurrency threats – report
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The rising demand for cryptocurrencies has a direct influence on the growth of cryptocurrency threats, which started in the second half of 2020 and continued in 2021, says global leader in cybersecurity ESET. Read Full Article at RT.com
Is Canada attending G7 summit just to stand & cheerlead for US? RT’s Boom Bust wants to know
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The leaders of Canada, France, Germany, Italy, Japan, the UK and the US have convened in England to discuss some of the world’s most pressing issues. Read Full Article at RT.com
US business eager to operate in Russia, but pulled out of it by the ears – Putin
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American corporations want to work in Russia, but US policies towards Moscow prevent them from doing business and force them to make way for rivals, according to Russian President Vladimir Putin. Read Full Article at RT.com
G7 nations seek to counter China’s Silk Road projects with ambitious infrastructure plan
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The Group of Seven (G7) countries have announced plans for a major infrastructure project for developing nations in a bid to rival China’s trillion-dollar Belt and Road Initiative (BRI), also known as “One Belt, One Road.” Read Full Article at RT.com
