Investment in Russia’s Arctic LNG 2 project to total $6 BILLION this year
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Russia’s Arctic LNG 2 plant is expected to get 50% more investment this year than in 2020, said Novatek’s deputy chairman of the management board, Mark Gyetvay. Read Full Article at RT.com
Russia’s 2021 St. Petersburg Economic Forum to offer cultural program for participants
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The annual St. Petersburg International Economic Forum (SPIEF), which is set to take place on June 2-5 this year, will host a series of traditional cultural events for its guests and participants. Read Full Article at RT.com
Oil prices rally towards $70 as demand outlook improves
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Crude oil prices got a major boost this week thanks to optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States. Read Full Article at RT.com
Ripple plans to go public after settling lawsuit with regulators – reports
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Major cryptocurrency company Ripple has not given up on its plans to go public and could file for the listing after it settles a legal action brought against it by the US Securities and Exchange Commission (SEC). Read Full Article at RT.com
Will Europe follow China in crackdown on Big Tech monopolies? RT’s Boom Bust investigates
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European countries could be on the same page as China on Big Tech regulation, while the US still maintains loose policies, Economic Update host Professor Richard Wolff told RT’s Boom Bust. Read Full Article at RT.com
RT’s Keiser Report explores why gold & bitcoin fans are always fighting against each other
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Max Keiser continues his interview with Craig ‘Don Quixote’ Hemke of TFMetalsReport.com about the conflict between bitcoin investors and gold investors. Read Full Article at RT.com
Strong Covid recovery may propel China’s GDP growth above target level – report
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China's economic growth is projected to rebound to 8.1% this year, fueled by strong exports and a gradual recovery in household consumption, according to a report from the Asian Development Bank (ADB). Read Full Article at RT.com
US lumber prices skyrocket 250% as Covid drives home-buying demand higher
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Prices for lumber managed to grab the headlines after an unprecedented sharp increase which currently threatens housing affordability across the United States. Read Full Article at RT.com
Oil to hit $80 on largest ever demand jump – Goldman Sachs
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Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer. Read Full Article at RT.com
Is Musk turning Tesla into a cryptocurrency hedge fund? RT’s Boom Bust explores
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US electric automaker Tesla reported a net profit of $438 million for the first quarter of this year, saying that the company’s sales of bitcoin made a positive impact of $101 million. Read Full Article at RT.com
India’s economy may shrink amid soaring Covid-19 cases, analysts warn
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The latest surge of coronavirus cases in India is likely to drag down Asia's third largest economy, which has yet to recover from the pandemic-driven slowdown last year, economists say, revising earlier forecasts. Read Full Article at RT.com
Oil rises on expectations that OPEC+ may reconsider output policy
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Crude prices edged higher on Tuesday as investors await the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to decide on easing of production curbs amid the coronavirus pandemic. Read Full Article at RT.com
Bullion banks hold mining companies hostage by manipulating metal prices – RT’s Keiser Report
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Max Keiser interviews Craig Hemke of TFMetalsReport.com about the prices of gold and silver being unable to signal anything, thanks to interventions in price discovery. Read Full Article at RT.com
What is a SPAC? RT’s Boom Bust digs into the hottest trend on Wall Street
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Special-purpose acquisition companies, or SPACs, have become one of the hottest financial market trends in recent months, with billionaires, celebrities and athletes racing to create the so-called blank-check firms. Read Full Article at RT.com
India’s double-digit growth in doubt amid massive surge in Covid cases
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A record jump in Covid infections is threatening to derail India’s projected double-digit economic recovery from the pandemic-driven slowdown last year. Economists are reassessing their bullish forecasts. Read Full Article at RT.com
Ballooning commodity prices are about to hit consumers in a BIG WAY
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The prices of commodities have soared over the past 12 months, seriously affecting consumer-staple companies which, in turn, are expected to pass rising costs onto consumers. Read Full Article at RT.com
Russia plans to boost exports by around 25% this year – reports
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As global supply chains and trade recover from the pandemic, Russia is planning to expand both exports and imports in 2021 and beyond, a new forecast from the Ministry of Economic Development shows. Read Full Article at RT.com
Russia may restrict Czech imports, including BEER, amid simmering diplomatic row – media
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Russia may slap economic sanctions on the Czech Republic, possibly targeting beer imports among other measures, in response to the expulsion of Russian diplomats, the daily newspaper Kommersant reported. Read Full Article at RT.com
US may have the HIGHEST TAX on capital gains in the world if Biden’s plan comes true, investment strategist tells RT's Boom Bust
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After floating the idea to raise the corporate tax rate, US President Joe Biden now wants to increase taxes for rich investors to cover his massive infrastructure plan. Read Full Article at RT.com
Iran exports 500,000 barrels of oil per day despite US sanctions
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Iran’s crude oil exports since the start of the month have averaged around 500,000 barrels per day (bpd), according to a Reuters report that cites estimates from tanker tracking companies. Read Full Article at RT.com
The cryptocurrency market fell sharply on Friday amid concerns over new taxes that could be unveiled by US President Joe Biden, and after one of Turkey’s largest crypto exchanges went bust. Read Full Article at RT.com
PayPal eyes launching cross-border payments wallet in China
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US fintech giant PayPal plans to set up a local wallet in China, focusing on cross-border payments instead of competing with dominant domestic players, said the firm’s China CEO Hannah Qiu. Read Full Article at RT.com
Dogecoin plunges after meme-inspired crypto frenzy pushed its market value higher than Twitter
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The cryptocurrency inspired by the popular Shiba Inu meme, dogecoin, which was initially set up as a joke, took a dive after a record rally that saw its market capitalization topping $50 billion. Read Full Article at RT.com
Russian economy returns to growth after pandemic-fueled downturn
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Russia’s GDP expanded 0.5% in March, data from the Ministry of Economic Development shows. It marks the first monthly growth since the coronavirus pandemic began to affect the Russian economy one year ago. Read Full Article at RT.com
As Peloton faces scrutiny over safety of its treadmills, RT’s Boom Bust looks into the firm’s potential legal liabilities
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Popular exercise equipment company Peloton came under fire from US regulators over injuries related to its Tread+ treadmill. Read Full Article at RT.com
Russia’s answer to US sanctions is to make its economy more self-sufficient – analysts
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As Washington threatens to impose more sanctions on Russia, analysts expect Moscow’s response to be the same as usual – speeding up the drive to make the nation’s economy more self-sufficient. Read Full Article at RT.com
Russia’s answer to US sanctions is to make its economy more self-sufficient
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As Washington threatens to impose more sanctions on Russia, analysts expect Moscow’s response to be the same as usual – speeding up the drive to make the nation’s economy more self-sufficient. Read Full Article at RT.com
Global crude prices rise on falling inventories & weakening US dollar
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Oil prices reached one-month highs on Tuesday as the dollar fell, making commodities priced in the US currency more attractive, allowing investors to pay less for dollar-denominated oil using other currencies. Read Full Article at RT.com
Czech govt bars Russia’s Rosatom from nuclear power plant contract tender amid diplomatic row
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Russia’s nuclear energy corporation Rosatom won’t be invited for a security assessment as a bidder vying to renovate the Dukovany nuclear power plant, the Czech industry minister said, amid the diplomatic spat initiated by Prague. Read Full Article at RT.
The price of gold reached a seven-week peak on Monday as a softer dollar and lower US Treasury yields lifted the precious metal’s appeal even as the appetite for riskier assets remained strong. Read Full Article at RT.com
Oil price could rise to $74 with historic global surplus subsiding
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The oil inventory glut that amassed during the Covid-19 pandemic is almost gone, Bloomberg reported citing industry data. The tightening could further prop up crude prices, according to expert projections. Read Full Article at RT.com
China says it has no plans to oust US dollar with digital yuan
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International use of the digital yuan will not replace the US dollar as the world’s main reserve currency, according to People’s Bank of China Deputy Governor, Li Bo. Read Full Article at RT.com
Russia sees record share of cash-free transactions as it moves closer to cashless society
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The proportion of cashless payments reached a record high in the first quarter of this year, Russia’s largest lender, Sberbank, has revealed. Meanwhile, the central bank is eyeing even more cash-free transactions. Read Full Article at RT.com
Covid-19 side effect: Why have people started spending heavily on sports cards and memorabilia? RT’s Boom Bust finds out
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While the world is anxiously watching multi-million sales of pieces of digital art based in the form of Non-Fungible Tokens (NFTs) the realm of physical sports memorabilia and baseball cards is booming, fueled by the pandemic. Read Full Article at RT.com
China’s back on gold-buying spree, opens borders to $8.5 BILLION worth of shiny metal – reports
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The world’s biggest gold consumer, China, has given domestic and international banks permission to import large amounts of gold into the country, Reuters reported, citing its sources. Read Full Article at RT.com
Ant Group explores options for Jack Ma to exit, as Beijing unsheathes its sword against China’s big tech
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Fintech company Ant Group, an affiliate of the Chinese e-commerce giant Alibaba, is reportedly looking for an efficient way for its founder Jack Ma to divest his stake and give up control of the company. Read Full Article at RT.com
US production rebound will lead to new oil price war, shale executive says
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The US oil industry faces a new oil price war if shale production rebounds next year by rising 1 million bpd compared to this year, chief executive at shale giant Pioneer Natural Resources said at BloombergNEF’s annual summit. Read Full Article at RT.com
Russian internet giant Yandex mulls expanding food delivery service to TWO European capitals as Covid-19 pandemic boosts demand
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Russian internet giant Yandex says it will start delivering groceries across Paris and London by the end of the year, after the service gained massive popularity in Russia during lockdowns imposed due to the Covid-19 pandemic. Read Full Article at RT.com
Russia continues slashing foreign debt, cuts it by $8.6 BILLION since start of year
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Russia’s total external debt has fallen by 1.8% in the first quarter of the year, and was worth $459.3 billion as of April 1, data from the central bank shows. Read Full Article at RT.com
