Russia’s Alrosa sees nearly tenfold surge in diamond sales amid growing demand from India
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In May, Russia’s top gem miner, Alrosa, saw more than a ninefold year-on-year surge in sales of rough diamonds. At the same time, sales of polished diamonds increased by nearly fivefold, according to the producer. Read Full Article at RT.com
Sitting on ‘TIME BOMB’: Deutsche Bank issues grim post-pandemic warning for US economy
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Further disregarding inflation will push the global economy to a major crisis, according to the latest report issued by Deutsche Bank economists who point the finger at the US money-printing policies. Read Full Article at RT.com
China starts work on the world’s largest LNG storage unit
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China’s National Offshore Oil Corporation (CNOOC) has expanded the construction of what will be the world's largest liquefied natural gas (LNG) storage tanks in Yancheng Binhai Port Industrial Park in Jiangsu province. Read Full Article at RT.com
Personal data of 3.3 million US and Canadian Volkswagen customers stolen from vendor
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Criminals made off with the personal information of more than 3.3 million Volkswagen and Audi customers in the US and Canada, the German carmaker has revealed. The data stolen includes license numbers and Social Security numbers. Read Full Article at RT.com
Which countries are offering Covid-19 vaccine tours for travelers and why? RT’s Boom Bust explains
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Some nations around the world with a surplus of vaccines are helping foreign travelers get their coronavirus shots in a bid to help boost their economies and revive international air travel. Read Full Article at RT.com
Ditching dollars: Russia dumps $5 BILLION from its oil fund in favor of yuan & euro
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Russia sold $5 billion of US currency from its oil fund in May as part of a drive to reduce exposure to the greenback in its currency reserves and make the country less vulnerable to Western sanctions, the Finance Ministry said. Read Full Article at RT.com
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week, as quoted by Reuters. Read Full Article at RT.com
Bitcoin mining could be part of a clean energy future, market expert tells RT’s Keiser Report
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Tyson Slocum of Public Citizen’s energy program talks about the private equity problem as capitalists buy up public utilities and the Biden administration plans to dole out billions of dollars to get them to convert to renewables. Read Full Article at RT.co
Bitcoin rallies after El Salvador adopts the crypto as legal tender
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The world’s most prominent cryptocurrency, bitcoin, surged 13% on Thursday to above $37,300 after El Salvador officially recognized it as a legal tender, becoming the first country in the world to do so. Read Full Article at RT.com
Russia’s Siberia attracts $7 BILLION in investment at St. Petersburg Economic Forum
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Russia’s Siberian Federal District has signed a range of agreements totaling almost 500 billion rubles ($6.9 billion) at the St. Petersburg Economic Forum (SPIEF), the region’s information center reported on Wednesday. Read Full Article at RT.com
RT’s Boom Bust looks at buzzy Reddit stocks as WallStreetBets retail trading mania continues
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Retail traders from Reddit have their eyes set on two new darlings – fast-food chain Wendy’s and Medicare insurance start-up Clover Health, both of which have seen big gains in recent days. Read Full Article at RT.com
How an oil pipeline hack sent bitcoin prices tumbling
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Bitcoin slid more than 10% on Tuesday as news of an FBI seizure of bitcoin funds circulated on social media, exposing a potential security breach in the world’s most “secure” form of payment. Read Full Article at RT.com
World’s largest oil company launches debut sale of dollar-denominated Islamic bonds
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Saudi Arabia’s energy giant, Saudi Aramco, has started sales of its first dollar-denominated Islamic bond as it seeks to raise cash to pay out $75 billion in dividends. Read Full Article at RT.com
Russia plans Covid vaccination travel for foreigners to revive tourism industry
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Russia is considering offering coronavirus vaccination travel packages for tourists which could help support the struggling tourism sector, the president of the Russian Union of Travel Industry (RUTI), Andrey Ignatyev, told TASS. Read Full Article at RT.com
RT’s Boom Bust explores why trade gap between US & China is so high
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China’s import numbers have surged in May while the trade deficit with the United States continues to widen, rising 13% month-on-month compared to April. Read Full Article at RT.com
Saudi Arabia & Russia warn of major oil supply crunch without new investments in fossil fuels
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The leaders of the OPEC+ group, Saudi Arabia and Russia have warned that an imminent supply crunch is inevitable if the world fails to invest enough in new oil and gas projects. Read Full Article at RT.com
Bitcoin dives almost 10% as China & US tighten noose around crypto
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The price of bitcoin dropped to its lowest in over a week on Tuesday, amid US monetary policy concerns and the continued tightening of regulation of cryptocurrencies in China. Read Full Article at RT.com
Dumping the dollar: Russia gets ready to shift currency liquidity to the euro
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Russian authorities are planning to shift the nation’s currency liquidity from the US dollar to the euro, the country’s Finance Ministry announced on Monday. Read Full Article at RT.com
China’s vast foreign reserves grow to $3.22 TRILLION
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Chinese gold and foreign currency reserves, the world’s largest, rose more than expected last month, according to official data published on Monday. Read Full Article at RT.com
Russia-China trade turnover soars nearly 25% since beginning of 2021
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Bilateral trade between Russia and China saw significant growth in the first five months of the current year, the latest data from China’s General Administration of Customs shows. Read Full Article at RT.com
Russia’s current supply of gold deposits should last for next 40 years, minister says
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At the current pace of gold production Russia has enough unmined reserves of the precious metal for many decades to come, according to the head of the Ministry of Natural Resources, Alexander Kozlov. Read Full Article at RT.com
Biden doesn’t want China to play part in setting out 21st-century rules for trade and technology
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Europe and the US should establish global rules of trade relations and technology, according to US President Joe Biden, excluding Beijing from taking part in such a process. Read Full Article at RT.com
'Shot heard 'round the world': El Salvador aims to become first nation to adopt bitcoin as LEGAL TENDER, may set global precedent
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El Salvador is taking steps to become the first sovereign nation to adopt bitcoin as legal tender, alongside the US dollar, potentially setting the stage for other nations to reduce central-bank influence over their economies. Read Full Article at RT.com
Dollar has political & economic problems as deep-in-debt US exploits it as leverage – Jim Rogers
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Nations across the world have to diversify more and more as Washington is using the dollar to put political and economic pressure on its rivals, according to investment guru Jim Rogers. Read Full Article at RT.com
'Garbage will never end': Russia bets on waste-to-energy plants
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Russia is advancing projects to have waste-to-energy plants produce electricity, Sergei Ivanov, Special Presidential Representative for Environmental Protection, Ecology, and Transport said at an economic forum in Russia. Read Full Article at RT.com
Global economy back in the saddle, but uneven recovery poses risks – Putin
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The world’s economy is returning to normal, Russian President Vladimir Putin said on Friday, speaking at the St. Petersburg International Economic Forum. He warned that the recovery was uneven and posed other risks, however. Read Full Article at RT.com
‘Wait till winter!’ It’s easy for EU to advocate ditching Russian gas when it's warm, energy minister says
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Russian Energy Minister Nikolay Shulginov has commented on calls within the European Union to refuse to give financial support for Novatek’s Arctic LNG 2 project, saying it is easy to do so during warmer weather. Read Full Article at RT.com
Russia’s Gazprom continues ramping up production with gas exports booming
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Russian energy giant Gazprom’s output rose significantly from January through May compared to the same period last year, the company said on Tuesday. Read Full Article at RT.com
US facing credit market CATASTROPHE even worse than in 2008, strategist tells RT’s Keiser Report
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The hosts of Keiser Report, Max and Stacy, talk to Michael Pento of Pento Portfolio Strategies about inflation, asking him whether all of the price signals are broken. Read Full Article at RT.com
China fires up 'artificial sun' at 120 MILLION DEGREES Celsius in quest for nuclear fusion – media
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Chinese media have reported that researchers working on a nuclear fusion project have succeeded in holding plasma of 120 million degrees Celsius for close to two minutes. Read Full Article at RT.com
China fires up 'artificial sun' at 120 MILLION DEGREES Celsius in quest for nuclear fusion – report
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Chinese media have reported that researchers working on a nuclear fusion project have succeeded in holding plasma of 120 million degrees Celsius for close to two minutes. Read Full Article at RT.com
The US dollar has continued to depreciate, dropping to a three-year low versus the yuan on Monday as global investors look for safer assets amid China’s economic rebound from the Covid-19 pandemic. Read Full Article at RT.com
Canada’s largest pension funds stick to lucrative oil sands bets
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Canada’s oil sands industry is too carbon-intensive for the environmental, social, and governance (ESG) targets of some of the world’s largest institutional investors. But not for Canada’s own pension funds. Read Full Article at RT.com
Chinese emissions to turn Beijing into leader of climate business boom as carbon may shapeshift into new currency
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China may soon find itself at the heart of the climate business boom, according to vice chairman and executive director of the Paulson Institute, Deborah Lehr. Read Full Article at RT.com
Russia invites Saudi Arabia to participate in hydrogen energy production
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Russian Deputy Prime Minister Alexander Novak said on Tuesday that Moscow has offered to work with Riyadh in the sphere of hydrogen energy production. Read Full Article at RT.com
Exports of Russian crude to US soared to 12-year high despite ongoing political tensions
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US daily imports of Russian oil have hit new highs, despite tough talk on a wide range of issues, including energy. In March, the nation purchased Russian crude and oil products in volumes not seen since 2009. Read Full Article at RT.com
Russia’s industrial production surges over 7% in April
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Russia’s industrial production grew by 7.2% in April compared to the same period last year. It followed a rise of 2.3% in March, according to data from the Federal Service for State Statistics (Rosstat). Read Full Article at RT.com
Russian economy to perform better than expected this year – World Bank
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The World Bank has improved its economic outlook for Russia, predicting that the country’s GDP will grow 3.2% in 2021. In March, the bank’s analysts had put Russian economic growth at 2.6% this year. Read Full Article at RT.com
RT’s Boom Bust takes a look at the latest twist in the Colonial Pipeline saga as allegations of negligence pile up
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Weeks after hackers cracked the systems of Colonial Pipeline, a new lawsuit has been filed, claiming that the company has been negligent in the resulting fuel shortages across several US states on the East Coast. Read Full Article at RT.com
‘Too much hype over environmental friendliness’: Former energy minister says Russian gas four times cleaner than American LNG
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Russian piped gas that is transferred to Europe has a carbon footprint four times smaller than the liquefied natural gas (LNG) shipped by the US, according to Russia's Deputy PM and former energy minister Alexander Novak. Read Full Article at RT.com
