Why is the US removing Xiaomi from its blacklist? RT’s Boom Bust investigates
newsdepo.com
In a major reversal of the previous administration’s policies, the White House has announced plans to take one of China’s electronics giants off its blacklist. Read Full Article at RT.com
Oil pipeline cyberattack exposes America’s multi-trillion dollar infrastructure security crisis
newsdepo.com
Last Friday, a cyberattack prompted the shutdown of the biggest piece of energy infrastructure in the United States, the Colonial Pipeline system that supplies almost half of the gasoline and diesel that the East Coast consumes. Read Full Article at RT.com
Russian farmers about to reap bumper grain harvest – USDA
newsdepo.com
Russia is projected to produce 85 million tons of wheat in the next agricultural season, according to the US Department of Agriculture (USDA). That would make it one of the best harvests in post-Soviet history. Read Full Article at RT.com
Bitcoin sell-off wipes $365 BILLION from crypto market
newsdepo.com
The world’s biggest digital asset, bitcoin, has seen a huge price plunge that resulted in $365 billion being washed out of the cryptocurrency market. Read Full Article at RT.com
US fuel shortage ‘NIGHTMARE’ a direct consequence of terrible policy decisions – analyst
newsdepo.com
The ransomware cyberattack that paralyzed one of the US’ biggest and most vital oil hubs – the Colonial Pipeline – has resulted in fuel shortages in eight states across the US East Coast. Read Full Article at RT.com
Russia becomes net exporter of food as import phase-out begins bearing fruit – PM
newsdepo.com
Last year, international sales of Russian agricultural produce exceeded foreign purchases, according to Prime Minister Mikhail Mishustin. Read Full Article at RT.com
Copper prices hit new high on post-pandemic recovery hopes
newsdepo.com
Prices for copper reached record highs and are expected to keep growing as global shortages of the metal and declining inventories are heated by easing concerns over the health of the global economy. Read Full Article at RT.com
US chipmakers begging for government bailout after manufacturing moved to Asia – Max Keiser
newsdepo.com
RT’s Keiser Report hosts Max Keiser and Stacy Herbert look at how the export of the American manufacturing base by technology companies such as Intel has created a semiconductor chip shortage in the United States. Read Full Article at RT.com
India Covid-19 crisis could seriously damage global economy
newsdepo.com
India's latest upsurge in coronavirus cases, along with its highest daily toll of Covid-19-linked deaths, is expected not only to hamper its economic recovery but also to drag down several sectors vital for the world’s economy. Read Full Article at RT.com
Traders scramble to buy gasoline from Europe after US pipeline outage
newsdepo.com
Commodity traders have booked at least six tankers—provisionally—to start shipping gasoline from Europe to the United States in the wake of the outage of the Colonial Pipeline network, Reuters reports, citing data from Refinitiv. Read Full Article at RT.
Ruble shrugs off latest US sanctions targeting Russian financial market
newsdepo.com
The Russian currency is now stronger against the US dollar than it was before Washington slapped new sanctions on Moscow last month over the alleged interference in the 2020 US presidential election. Read Full Article at RT.com
Russian stock market smashes historic high on weaker dollar & rising crude
newsdepo.com
The main ruble-denominated index on the Moscow Exchange reached the 3,700-point level for the first time ever on Monday, as global oil prices continue to climb. Read Full Article at RT.com
Chinese yuan reaches strongest level against US dollar since 2018
newsdepo.com
China’s currency, the yuan, has nearly hit a three-year high against the US dollar. The rally comes shortly after weak US jobs data weighed on the greenback, and as China continues its strong recovery from Covid-19. Read Full Article at RT.com
Four in 10 plan to use digital currency for payments within year – Mastercard
newsdepo.com
The latest survey carried out by credit card giant Mastercard has revealed that nearly 40% of those polled are planning to use cryptocurrencies for payments within the next year. Read Full Article at RT.com
US inflation numbers are understated, could be up to 20% – RT’s Keiser Report
newsdepo.com
Soaring commodity and house prices are further proof that inflation is here to stay and it is much higher than the Federal Reserve wants Americans to believe, according to Max Keiser and Stacy Herbert. Read Full Article at RT.com
S&P keeps outlook for India’s sovereign rating stable despite Covid-19 risks to economic growth
newsdepo.com
S&P Global Ratings has said that it is not going to change its outlook for India's sovereign debt. However, economic recovery may stumble as Covid-19 infections in the country continue to break records, the rating agency warns. Read Full Article at RT.com
3 kilo per person: Russians projected to eat record amount of ice cream in 2021
newsdepo.com
“These people will never be defeated,” UK Prime Minister Winston Churchill said during his visit to Moscow in the harsh winter of 1944, according to a popular legend. Read Full Article at RT.com
Boom Bust looks at to how Facebook’s abuse of user data created market opportunities for Signal
newsdepo.com
Internet giant Facebook and messaging app Signal have recently locked horns over an ad campaign in which the latter planned to expose how social media data collection works. Read Full Article at RT.com
At least 155 million people globally facing food crisis, with 20 million added last year – report
newsdepo.com
The number of people facing severe food insecurity and needing urgent life and livelihood-saving assistance hit a five-year high in 2020, according to a report by the Global Network Against Food Crises (GNAFC). Read Full Article at RT.com
To the Moon: Musk’s favorite crypto dogecoin sets new record ahead of billionaire’s SNL appearance
newsdepo.com
Dogecoin, the meme-based crypto Elon Musk won’t stop talking and tweeting about, hit a new all-time high on Saturday morning, hours before the billionaire was set to guest-host Saturday Night Live. Read Full Article at RT.com
China’s foreign exchange reserves soar to $3.2 TRILLION
newsdepo.com
Beijing has continued to increase its foreign exchange reserves – already the world's largest – boosting them by $28.15 billion in April from a month earlier, to a total of $3.198 trillion. Read Full Article at RT.com
US job growth unexpectedly softens, falling far below expectations
newsdepo.com
Despite bullish predictions and the recovery of the US economy, job growth slowed in April compared to a month earlier, figures released by the Labor Department show. Read Full Article at RT.com
US energy production saw steepest drop on record in 2020
newsdepo.com
Due to economic responses to the pandemic, US energy production dropped by 5 percent last year, marking the steepest annual decline on record, the US Energy Information Administration (EIA) said on Thursday. Read Full Article at RT.com
Russia-China trade turnover jumps almost 20% since beginning of 2021
newsdepo.com
The volume of trade between Russia and China has reached $40.207 billion in January-April 2021. That’s 19.8% higher than it was in the same period last year, according to Chinese customs data. Read Full Article at RT.com
Russia slashes dollar & euro from reserves in favor of gold & yuan
newsdepo.com
The Central Bank of Russia (CBR) said in its annual report that in 2020 it reduced the share of the euro, the dollar and the pound in the country's international reserves in favor of gold, yuan and other currencies. Read Full Article at RT.com
Bitcoin could easily skyrocket to $1 MILLION per token one day – CoinDesk
newsdepo.com
The price of a bitcoin token may easily grow to $1 million over the next five years, according to CoinDesk Learn Editor Ollie Leech. Read Full Article at RT.com
With Facebook’s indefinite suspension of Trump judged ‘inappropriate,’ Boom Bust asks when the former president be allowed back on
newsdepo.com
Facebook’s oversight board on Wednesday upheld the social platform’s ban of former US president Donald Trump but said the company was wrong to make the suspension indefinite. Read Full Article at RT.com
Bitcoin & gold are quite complimentary, investment guru tells RT’s Keiser Report
newsdepo.com
Max Keiser continues his interview with James Turk of GoldMoney.com about bitcoin and gold to find out which asset could be considered as a hedge and why. Read Full Article at RT.com
Red metal running out? Copper may hit $20,000 amid global shortage – Bank of America
newsdepo.com
Gradually widening supply and demand deficits may lead to a global shortage of copper, pushing the price for the metal to $20,000 per metric ton in as soon as four years, Bank of America (BoA) warns. Read Full Article at RT.com
High global demand sends Russian Urals crude oil price soaring
newsdepo.com
Russia’s Ministry of Finance said on Wednesday that the average price for domestic Urals oil benchmark stood at $62.50 per barrel in April, which is a 340% increase in annual terms. Read Full Article at RT.com
Oil nears $70 buoyed by summer demand outlook & US inventories drop
newsdepo.com
The price of crude continued to rise for a third day on Wednesday amid reports of a sharp drop in US stockpiles and expectations of a summer surge in fuel demand. Read Full Article at RT.com
The latest surge in the price of the world’s second biggest digital asset, ethereum, turned its co-founder Vitalik Buterin into the youngest crypto billionaire in history. Read Full Article at RT.com
As Americans think about booking a vacation, RT’s Boom Bust asks if airlines are ready for a travel surge after a slow year
newsdepo.com
With Covid-19 cases falling, the vaccine rollout continuing apace, and restrictions gradually being lifted, millions of Americans are looking forward to traveling again. Read Full Article at RT.com
Russian energy major Gazprom significantly boosts natural gas exports
newsdepo.com
Gazprom’s gas exports to non-CIS (Commonwealth of Independent States) countries grew by 28.3% in the first four months of 2021 year-on-year, to 68.4 billion cubic meters, the company said. Read Full Article at RT.com
Gap between rich & poor growing ‘spectacularly’ as central banks continue to print – Max Keiser
newsdepo.com
Keiser Report hosts Max and Stacy look at how companies are starting to protect their balance sheets from the melting ice cube of excessive money printing. Read Full Article at RT.com
Another $45 BILLION needed next year to vaccinate most adults across the globe – World Health Organization
newsdepo.com
The global COVAX program for developing and distributing coronavirus vaccines is $19 billion short of its $22 billion target this year, according to World Health Organization (WHO) head Tedros Adhanom Ghebreyesus. Read Full Article at RT.com
America’s richest boosted their fortunes by $195 billion in Biden’s first 100 days – media
newsdepo.com
US President Joe Biden wants the wealthiest Americans to pay their fair share of taxes, but it turns out they have become one of the main beneficiaries of his presidency. Read Full Article at RT.com
Switching to renewables is another nail in US dollar’s coffin – RT’s Keiser Report
newsdepo.com
Max Keiser and Stacy Herbert look at what the Biden administration’s push for clean energy would mean for the global dominance of the US dollar, and how the collapse of the system would affect the majority of Americans. Read Full Article at RT.com
Turkey tightens control on crypto firms after 2 exchanges collapse
newsdepo.com
Cryptocurrency providers are now subject to terrorism-financing and money laundering laws in Turkey, a new presidential decree says. It comes amid an investigation into local platforms which abruptly halted operations in April. Read Full Article at RT.com
