The UK oil industry is facing a marked decline in production due to a drop in investment amid the pandemic, Bloomberg reports, citing data from Oil & Gas UK. Read Full Article at RT.com
Bitcoin worth more than Visa & Mastercard combined
newsdepo.com
Cryptocurrency bitcoin is now more valuable than the world’s two biggest payment networks Visa and Mastercard, which have a combined market capitalization of $871 billion. Read Full Article at RT.com
Bitcoin is a ‘great asset for central banks,’ economist tells Boom Bust
newsdepo.com
The price of bitcoin has fallen back, following a record spike of just above $61,500 over the weekend. RT’s Boom Bust explores what’s driving the cryptocurrency’s surge and whether central banks could hold it as an asset. Read Full Article at RT.com
Gold is manipulated since it doesn’t have true price discovery – Max Keiser
newsdepo.com
RT’s Keiser Report hosts, Max and Stacy, look at the tumbling purchase power of the US dollar, with $1.9 trillion having been printed in stimulus in the past week. Read Full Article at RT.com
India now holds world’s fourth-LARGEST forex reserves
newsdepo.com
India’s foreign exchange holdings amounted to $580.3 billion as of March 5, the country’s central bank has said. Only China, Japan and Switzerland have bigger forex reserves, according to the International Monetary Fund. Read Full Article at RT.com
Britain buys most of Russia's gold exports in January, worth over $700mn
newsdepo.com
Russia exported 13.73 tons of rough gold in January, up 1.5 times year-on-year, according to data from the Federal Customs Service. In monetary terms, exports almost doubled to $812 million, data shows. Read Full Article at RT.com
India considering TOTAL BAN on cryptocurrencies – media
newsdepo.com
New Delhi is planning to propose a new law that will ban cryptocurrencies and fine anyone trading or even holding digital assets in the country, a senior government official told Reuters. Read Full Article at RT.com
If there has ever been a misleading headline, it has to be the one above, at least according to European carmakers. Hydrogen cars, they say, are not a viable alternative to battery electric vehicles. Read Full Article at RT.com
‘People hungry to be free again’: Personal travel will return from second half of 2021, IATA says
newsdepo.com
Air passenger traffic will remain relatively low this year compared with 2019’s pre-Covid levels, but it will be better than in mid-2020, according to International Air Transport Association (IATA) director Alexandre de Juniac. Read Full Article at RT.com
Russian agricultural exports soar nearly 30% as China and Turkey ramp up purchases
newsdepo.com
Exports of Russian agricultural products have increased by 28.1 percent in the first two months of 2021 against the same period a year ago, amounting to $4.51 billion, the Russian Agricultural Ministry reports. Read Full Article at RT.com
Biggest fall since 1997: UK trade with EU dives in first month of new Brexit ties
newsdepo.com
Exports and imports from Britain to the European Union plunged in January – the first month of the nation's new trade relationship with the bloc – according to data published Friday by the Office for National Statistics (ONS). Read Full Article at RT.com
Iranian crude clogs Chinese ports despite US sanctions
newsdepo.com
Tankers full of Iranian oil are reportedly causing a traffic jam at ports in China’s Shandong, as other countries are reluctant to snatch it up, wary of US sanctions. Read Full Article at RT.com
Why does every American president promise to bring the economy back? Boom Bust explores
newsdepo.com
The massive $1.9 trillion stimulus bill has made its way through both houses of Congress and is expected to become law on Friday. Boom Bust talks to Professor Richard Wolff, host of the Economic Update, about the relief bill. Read Full Article at RT.com
Saudis vow to protect oil facilities & global supply after latest attacks
newsdepo.com
Saudi Arabia will take the necessary measures to keep its oil resources and facilities safe and ensure the security of global oil supply, the Kingdom’s Foreign Minister, Prince Faisal bin Farhan, said on Wednesday. Read Full Article at RT.com
Bitcoin rally extends into fifth day as major players voice support for cryptocurrency
newsdepo.com
The world’s top digital asset, bitcoin, continued to rally on Wednesday, pushing above $56,000. The surge comes as major pullback in US government-bond yields sparks demand for risky assets like cryptocurrencies. Read Full Article at RT.com
Russian diamond sales triple as demand in key markets recovers – Alrosa
newsdepo.com
Alrosa, the world’s leading diamond-mining company by volume, sold $361 million-worth of rough diamonds and $12 million-worth of polished gems in February, according to a report just published. Read Full Article at RT.com
GameStop stock BOOMING AGAIN as online traders stick it to Wall Street
newsdepo.com
The shares of video game retailer GameStop continued to rally on Wednesday, after hitting the highest point since the end of January, and pushing the company’s market cap back above $17 billion. Read Full Article at RT.com
Bitcoin market cap tops $1 TRILLION again as its rollercoaster ride takes another upturn
newsdepo.com
The market value of bitcoin has surpassed a $1 trillion mark for the second time in its history after the world’s biggest digital asset saw another surge while moving along its parabolic curve. Read Full Article at RT.com
EU to lose up to €100 billion due to vaccination failures, wary investors & no sign of reopenings – media
newsdepo.com
The European economy reportedly risks losing tens of billions of euro, as the slack pace of its anti-Covid inoculation program causes serious concern among investors over potential growth and poor progress in business re-openings. Read Full Article at RT.com
EU to lose up to €100 billion due to vaccination failures, wary investors & no sign of reopenings – reports
newsdepo.com
The European economy reportedly risks losing tens of billions of euro, as the slack pace of its anti-Covid inoculation program causes serious concern among investors over potential growth and poor progress in business re-openings. Read Full Article at RT.com
EU to lose up to €100 billion due to vaccination failures, wary investors & no sign of reopenings – report
newsdepo.com
The European economy reportedly risks losing tens of billions of euro, as the slack pace of its anti-Covid inoculation program causes serious concern among investors over potential growth and poor progress in business re-openings. Read Full Article at RT.com
China pledges to build ‘Polar Silk Road’ by developing Arctic shipping routes
newsdepo.com
Beijing has announced this week its intention to construct a “Polar Silk Road” and actively participate in the development of Arctic and Antarctic regions as part of its new 2021-2025 “five-year plan.” Read Full Article at RT.com
Global food prices continue to rise with poorest countries hit hardest
newsdepo.com
World food prices spiked for the ninth consecutive month to hit a six year-high in February, led by sugar and vegetable oils, according to data from the Food and Agriculture Organization (FAO) of the United Nations. Read Full Article at RT.com
WTF is a NFT? RT's Boom Bust explores multi-million crypto industry
newsdepo.com
Non-fungible tokens (NFTs) have been gaining in popularity in recent months, with investors and art-lovers spending millions of dollars to claim ownership of something that only exists in digital space. Read Full Article at RT.com
China’s exports surge at record pace from coronavirus-battered levels
newsdepo.com
China saw its trade booming in the first two months of the year, with exports rising more than 60 percent in January-February compared to 2020 lows, when the Covid-19 outbreak rattled the world’s second-largest economy. Read Full Article at RT.com
AirAsia’s ‘flying taxis’ set to buzz through the skies in 2022 – CEO
newsdepo.com
Despite a tough year for the aviation and travel industry, Malaysian low-cost airline AirAsia is going to launch an air taxi service, the company’s CEO Tony Fernandes has revealed. Read Full Article at RT.com
Venezuela to issue 1-million-bolivar bill, but it’s worth only 50 cents amid raging hyperinflation
newsdepo.com
Venezuela is set to have a new highest valued banknote of one million bolivars as soon as next week. But as the sanctions-hit country is facing enormous inflation, the bill is only worth around 50 cents. Read Full Article at RT.com
Tweet for $300K? Twitter boss Jack Dorsey is selling first-ever tweet and the bids are flying in
newsdepo.com
The first post on Twitter that appeared on its co-founder and current CEO Jack Dorsey’s account in 2006 is up for sale as an NFT, a nonfungible token. Some social media enthusiasts are ready to spend a fortune on it. Read Full Article at RT.com
Russian agricultural exports surge as trade with China grows
newsdepo.com
Russia’s agricultural sector has seen impressive growth in sales abroad this year, according to the latest data published by the AgroExport center under the country’s Ministry of Agriculture. Read Full Article at RT.com
US & China moving from tariff war to technology war, economics professor tells Boom Bust
newsdepo.com
Technology is one of the major issues being discussed by China at its national congress this week. The government sees the sector as critical to its drive for modernization and self-reliance over the next decade and a half. Read Full Article at RT.com
US debt on track to double by 2051, putting economy at risk of fiscal crisis – Congressional Budget Office
newsdepo.com
US federal debt is expected to double over the next three decades, warns the Congressional Budget Office (CBO). Debt will be equivalent to 202 percent of GDP by 2051, while this year’s debt is expected to be 102 percent. Read Full Article at RT.com
Discount retailer Fix Price fixing to become Russia’s biggest IPO in years
newsdepo.com
Russian five-and-dime chain Fix Price is planning to raise as much as $2 billion as it goes public next week. If the listing goes as planned, it could become the biggest Russian retail IPO in history. Read Full Article at RT.com
US axes Trump-era Scotch whisky tariffs for four months in bid to resolve aircraft trade war with UK
newsdepo.com
The US said on Thursday it will suspend 25 percent tariffs on Scotch whisky and retaliatory import taxes on other UK products in a bid to resolve the two parties’ on-going transatlantic trade row due to aircraft subsidies. Read Full Article at RT.com
‘Ridiculous’ US sanctions against Russia are ‘political theater’ & not to be taken seriously – Professor Wolff to RT’s Boom Bust
newsdepo.com
Washington's punitive measures against Moscow have failed to change Russian policies and new sanctions won’t work either, according to Economic Update host, Professor Richard Wolff. Read Full Article at RT.com
Russians boosted precious metal investments during Covid crisis
newsdepo.com
The coronavirus pandemic has spurred a record demand for gold, silver and other precious metals in the Russian capital, state lender Sberbank has revealed. Read Full Article at RT.com
Deloitte to pay Malaysia $80mn for its role in pilfering of state fund 1MDB
newsdepo.com
Deloitte will pay Malaysia’s government $80 million to resolve all claims related to its auditing of accounts of scandal-linked state fund 1MDB and its unit SRC International from 2011 to 2014. Read Full Article at RT.com
How to hold Big Tech accountable for violating facial recognition privacy law? Boom Bust finds out
newsdepo.com
US tech giant Facebook has been ordered to pay $650 million to settle a class action lawsuit in Illinois for violating a landmark state law aimed at protecting people from invasive privacy practice. Read Full Article at RT.com
Washington slaps tariffs on aluminum imports from 18 countries
newsdepo.com
The US Commerce Department has introduced duties on common alloy aluminum sheet from 18 nations. The tariffs come as a result of an anti-dumping and anti-subsidy investigation launched under the Trump administration. Read Full Article at RT.com
Russia’s Gazprom aims to double liquefied natural gas exports by 2025
newsdepo.com
Russian energy giant Gazprom said it exported 7 million tons of liquefied natural gas (LNG) in 2020, and is planning to double annual sales by 2025, Pavel Sedov, the head of LNG exports at Gazprom Export, said. Read Full Article at RT.com
