‘Barking at the Moon’: Dogecoin skyrockets 300% in a week, sparking bubble fears
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Defying all the odds, meme-based cryptocurrency Dogecoin has risen by a whopping 300% in the last seven days. It has doubled in price in the last 24 hours, adding about $19.9 billion, hitting an all-time high of $0.29 on Friday. Read Full Article at RT.com
Crazy market euphoria may wane by the end of the year – analyst to Boom Bust
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Stocks keep hitting record highs on positive economic data, but investors should still be cautious, as this quarter’s performance may turn out to be just a post-Covid anomaly, an investment analyst warns. Read Full Article at RT.com
Turkey bans use of cryptocurrencies for payments, citing possible ‘irreparable’ damages
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The Central Bank of Turkey (CBRT) has banned the use of cryptocurrencies and crypto assets to purchase goods and services, warning of significant risks in such transactions. The legislation comes into effect on April 30. Read Full Article at RT.com
China’s economy sees record growth after Covid-19 pandemic slump
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The Chinese economy has shaken off the aftermath of the coronavirus crisis, expanding at a record pace of 18.3% in the first three months of 2021 compared to a year ago. Read Full Article at RT.com
How divorced is US corporate world from real economy? RT’s Boom Bust digs into increased CEO pay amid Covid-19 misery
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The bosses of some of the largest American companies enjoyed higher compensation while millions of people were struggling to keep their jobs, a recent Wall Street Journal analysis has found. Read Full Article at RT.com
Keiser Report looks at NFTs, a multi-billion-dollar industry which is ‘OBVIOUSLY A FRAUD’
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Max Keiser and Stacy Herbert look at the easy sell of Ponzi economics as the human imagination prefers the fantasy of impossible gains to the hard slog of actually producing or manufacturing profits. Read Full Article at RT.com
Russia plans to make up to $100 BILLION from hydrogen exports – media
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Russian exports of clean hydrogen could top $100 billion by 2050 if global demand for this type of environmentally-friendly fuel rises significantly, the Energy Ministry reportedly forecasts. Read Full Article at RT.com
US facing enormous shortage of semiconductors & no government money could fix it, economist tells Boom Bust
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US President Joe Biden has signed an executive order aimed at addressing a global semiconductor chip shortage. His infrastructure plan also includes $50 billion for the American semiconductor industry. Read Full Article at RT.com
‘Baton getting handed over’: Global investors turn their back on China, start pouring more cash into US
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While China’s economy weathered the coronavirus storm much better than the rest of the world, investors are now betting more on US stock funds than Chinese ones, new research from EPFR Global reportedly shows. Read Full Article at RT.com
New day, new all-time high: Bitcoin beats its own records again, rising above $64,000
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The world’s largest cryptocurrency has continued to rally, passing the $64,000 level for the first time in history ahead of the highly anticipated stock market debut of popular trading platform Coinbase. Read Full Article at RT.com
Bitcoin soars to record high of over $63,000 ahead of impending Coinbase IPO
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The price of the world’s most popular digital asset, bitcoin, surged to a new all-time high of $63,191 on Tuesday, just a day before one of the world’s top cryptocurrency exchanges is listed on Nasdaq. Read Full Article at RT.com
Jack Ma becomes over $2 billion richer in 1 day after record Alibaba fine
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A multibillion-dollar fine slapped on Alibaba by Chinese regulators has given a huge boost to the e-commerce giant’s shares, and to the fortune of founder Jack Ma. Read Full Article at RT.com
Crackdown on cryptocurrencies may be coming, warns Kraken CEO
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Governments around the world could start clamping down on the use of bitcoin and other cryptocurrencies, according to Jesse Powell, the chief executive of the Kraken exchange. Read Full Article at RT.com
The oil reserves of international oil companies have collapsed over the last 5 years, and now the stability of the entire oil market is under threat. Read Full Article at RT.com
Russia eyes boosting its global market share of hydrogen by 20% in a decade
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Russia is planning to increase its share in the global hydrogen market by 20% by 2030, and to increase annual exports of the fuel up to 33.4 million tons by 2050, Deputy Energy Minister Pavel Sorokin said on Monday. Read Full Article at RT.com
Crypto exchange Binance launches tradable stock tokens, starts with Tesla
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Cryptocurrency exchange Binance announced on Monday the launch of ‘trade digital tokens’ that represent fully backed shares of equity stock. It said the first stock tokens will be of Tesla, the largest automaker by market cap. Read Full Article at RT.com
Post-Covid shopping frenzy: UK footfall surges 218% as Brits rush to re-opened stores & shopping centers
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The long-anticipated re-opening of non-essential retailers across the UK has triggered a double-digit weekly rise in the number of people visiting shops, shopping centers, and retail parks. Read Full Article at RT.com
IMF improves Russia’s economic growth outlook for this year
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The International Monetary Fund (IMF) has upgraded its forecast for economic growth in Russia for the second time this year, and now expects GDP to gain as much as 3.8% in 2021. Read Full Article at RT.com
The world is racing towards a greener future, and while lithium has remained center stage in this new energy transition, helium is quickly becoming a hot commodity. Read Full Article at RT.com
Fine with a fine: Alibaba accepts all-time high $2.8bn penalty from Chinese antitrust regulator
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China’s antitrust regulators have hit Alibaba Group, the world’s largest e-commerce corporation, with an 18.2 billion yuan ($2.8 billion) fine, the highest penalty of its kind on record. Read Full Article at RT.com
Why does US need a special envoy for Russia’s Nord Stream 2 gas pipeline? Boom Bust digs in
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The White House is in talks to appoint a special envoy to lead negotiations on halting the construction of Russia-to-Germany gas pipeline Nord Stream 2, Politico reported this week, citing current and former US officials. Read Full Article at RT.com
Half of Russians voice support for public use of new digital ruble – poll
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One in every two Russians, according to the latest poll, will welcome the use of the digital ruble – the new form of national currency that is currently under development by the country’s central bank. Read Full Article at RT.com
Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to US liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end of February, Reuters reports. Read Full Article at RT.com
Biden’s corporate tax rate hike could kill millions of jobs, business group’s study finds
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New research from the US National Association of Manufacturers (NAM) found that about one million jobs would be lost in the first two years if the corporate tax rate increased to 28% and other policies went into effect. Read Full Article at RT.com
No signs of demand recovery: Global air passenger traffic continues to fall, IATA says
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International air passenger demand plunged 88.7% in February compared with the pre-Covid levels of February 2019, in a further drop from the 85.7% year-to-year decline recorded in January, said the global airline industry body. Read Full Article at RT.com
Could rapid development of China’s digital currency threaten US' global dominance? RT’s Boom Bust digs in
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While many countries around the globe are embracing the idea of having their own digital currencies, China has outpaced others in the race for a financial technology breakthrough with its digital yuan. Read Full Article at RT.com
Coinbase reports record $1.8 BILLION revenue for Q1 ahead of its Nasdaq listing
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US cryptocurrency exchange Coinbase revealed that its revenue for the January-March period topped $1 billion, surpassing revenue for all of last year. The company attributed the explosive growth partly to bitcoin’s bull market. Read Full Article at RT.com
IMF raises world economic growth forecast, says way out of crisis ‘increasingly visible’
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The International Monetary Fund (IMF) said on Tuesday it expects the global economy to grow by 6% in 2021, up from its 5.5% forecast in January. The stronger economic recovery was projected due to coronavirus vaccine rollouts. Read Full Article at RT.com
India wants TikTok parent ByteDance to deposit $11 million to get access to frozen bank accounts – media
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An Indian court has reportedly rejected ByteDance’s plea to unblock its bank accounts, frozen amid the probe of possible tax evasion, until the Chinese company deposits around $11 million to compensate for its financial dealings. Read Full Article at RT.com
One step closer: India could complete construction of WORLD’S HIGHEST railway bridge by end of year
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Indian Railways said on Monday it has completed construction of the steel arch of the iconic Chenab Rail Bridge, which will be the world’s highest railway bridge after being completed by 2022. Read Full Article at RT.com
US retaliation for taxing its tech giants may be as high as $900 MILLION – media
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Washington is reportedly moving forward with its additional duties for hundreds of billions in imports from six nations in response to digital service taxes targeting the likes of Google and Amazon. Read Full Article at RT.com
When will music fans be able to really rock out again, and on what terms? RT’s Boom Bust asks an expert
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Vaccination campaigns that have been rolled out across the world are bringing fresh hope to millions of music fans, who are itching to once again attend concerts and music festivals. Read Full Article at RT.com
China mulls new bourse to lure overseas-listed firms – media
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Beijing is exploring options to establish a new stock exchange that targets firms listed overseas and could bolster the global status of its onshore share markets, Reuters reported, citing sources. Read Full Article at RT.com
Robots threaten to replace hundreds of thousands of oil & gas jobs by 2030 – report
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Robots could steal the jobs of around one in five oil and gas workers worldwide in the next 10 years as more companies turn to automation to cut costs, new analysis from Rystad Energy shows. Read Full Article at RT.com
Russian economy reviving faster than expected as Moscow opts against another Covid lockdown – Bloomberg
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A crucial decision by Moscow not to impose further anti-Covid restrictions has reportedly helped Russia’s economy to continue rebounding from the recession it saw in the fourth quarter of last year. Read Full Article at RT.com
‘Highest form of money’: Russia set to have first digital ruble prototype this year
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The launch of the first prototype of the new form of Russia’s national currency, the digital ruble, could be just several months away, the head of the State Duma Committee on the Financial Market, Anatoly Aksakov, has told RT. Read Full Article at RT.com
EU response to Covid-19 pandemic has cost six million jobs, young workers worst affected
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The EU’s response to the Covid-19 pandemic has wiped out around six million jobs in the bloc, half of which were filled by young workers, the European Commission has said. Read Full Article at RT.com
Boom Bust digs into privacy issues of blockchain-protected digital ‘vaccine passports’
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South Korea announced it will roll out blockchain-protected digital ‘vaccine passports’ to immunized citizens, joining other nations introducing such certificates. This could allow travelers to show digital proof of vaccination. Read Full Article at RT.co
Bitcoin price surge may be driving up interest in digital yuan, Bank of China says
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The recent rise of bitcoin could be among the reasons for renewed interest in the Chinese digital yuan project, according to the People’s Bank of China (PBOC). The world’s top crypto, bitcoin, is effectively banned in the country. Read Full Article at RT.
Global stocks shoot past all-time high of $106 TRILLION as imminent end of Covid-19 pandemic heats up market sentiment
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The total price of shares on the world’s stock markets has reportedly pushed past $106 trillion, marking a record high in the entire history of global financial trading. Read Full Article at RT.com
