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Tesla to sack over 3,000 workers amid poor profits and Model 3 production challenges

Electric car maker Tesla is planning to fire around seven percent of its full-time staff, as the road ahead will be “very difficult,” according to an email sent to employees by CEO Elon Musk. Read Full Article at RT.com
RT Business

Tesla to sack over 3,000 workers amid poor profits and Model 3 production challenges

Electric car maker Tesla is planning to fire around seven percent of its full-time staff, as the road ahead will be “very difficult,” according to an email sent to employees by CEO Elon Musk. Read Full Article at RT.com

Fueled by Western sanctions Russia outshines China to become world’s 5th biggest holder of gold

The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world's fifth largest holder behind the US, Germany, France and Italy. Read Full Article at RT.com
RT Business

Fueled by Western sanctions Russia outshines China to become world’s 5th biggest holder of gold

The Central Bank of Russia reported purchasing 8.5 million troy ounces of gold in January-November 2018. With its 67.6 million ounces of gold Russia is now the world's fifth largest holder behind the US, Germany, France and Italy. Read Full Article at RT.com

Swiss court overturns arrest of Russia’s Gazprom assets which Ukraine claims were seized

Switzerland's high court has overruled an injunction blocking payments from the operators of the Nord Stream gas pipeline at the request of Ukrainian state gas firm Naftogaz, according to Russian energy giant Gazprom. Read Full Article at RT.com
RT Business

Swiss court overturns arrest of Russia’s Gazprom assets which Ukraine claims were seized

Switzerland's high court has overruled an injunction blocking payments from the operators of the Nord Stream gas pipeline at the request of Ukrainian state gas firm Naftogaz, according to Russian energy giant Gazprom. Read Full Article at RT.com

JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis. Read Full Article at RT.com
RT Business

JPMorgan raises boss Dimon’s pay to a sweet $31 million, topping pre-crisis record

Wall Street banking giant JPMorgan has awarded its chief executive Jamie Dimon $31 million in total compensation for his work in 2018. The pay exceeds his record compensation of $30 million in 2007 before the financial crisis. Read Full Article at RT.com

Tesla to recall over 14,000 Model S cars in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel into the driver's and front seat passenger's faces, a Chinese watchdog has said. Read Full Article at RT.com
RT Business

Tesla to recall over 14,000 Model S cars in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel into the driver's and front seat passenger's faces, a Chinese watchdog has said. Read Full Article at RT.com

Tesla to recall over 14,000 Model Ss in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel into the driver's and front seat passenger's faces, a Chinese watchdog has said. Read Full Article at RT.com
RT Business

Tesla to recall over 14,000 Model Ss in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel into the driver's and front seat passenger's faces, a Chinese watchdog has said. Read Full Article at RT.com

Tesla to recall over 14,000 Model S in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel in the driver's and front seat passenger's faces, a Chinese watchdog has said. Read Full Article at RT.com
RT Business

Tesla to recall over 14,000 Model S in China amid industry-wide crackdown on exploding airbags

Tesla is recalling 14,213 Model S vehicles produced between 2014 and 2016 over defective airbags that could blow up and send shrapnel in the driver's and front seat passenger's faces, a Chinese watchdog has said. Read Full Article at RT.com

Out of this world: Crimea’s cosmic spaceship hotel welcomes first guests (VIDEO)

A truly extraordinary hotel has opened its doors to tourists in the small Russian town of Alushta in Crimea. The new spaceship-themed complex is also a museum and entertainment center all-in-one. Read Full Article at RT.com
RT Business

Out of this world: Crimea’s cosmic spaceship hotel welcomes first guests (VIDEO)

A truly extraordinary hotel has opened its doors to tourists in the small Russian town of Alushta in Crimea. The new spaceship-themed complex is also a museum and entertainment center all-in-one. Read Full Article at RT.com

Russia to boost investment in Serbian economy & increase gas supplies

Russia’s sovereign wealth fund and its partners are planning to increase investments in Serbia, with $500 million likely to be added in the next two years. Current Russian investments in the country total $2 billion. Read Full Article at RT.com
RT Business

Russia to boost investment in Serbian economy & increase gas supplies

Russia’s sovereign wealth fund and its partners are planning to increase investments in Serbia, with $500 million likely to be added in the next two years. Current Russian investments in the country total $2 billion. Read Full Article at RT.com

EU curbs steel imports until 2021 to counter US trade policies

The European Union has set restrictions on imports of steel to the bloc in response to US President Donald Trump’s imposition of tariffs on metals imported into the US. Read Full Article at RT.com
RT Business

EU curbs steel imports until 2021 to counter US trade policies

The European Union has set restrictions on imports of steel to the bloc in response to US President Donald Trump’s imposition of tariffs on metals imported into the US. Read Full Article at RT.com

All that glitters isn't gold: Palladium hits all-time record as deficit boosts prices

The price for palladium has surged to record-high levels on lower supply and increasing demand for the precious metal that is vital for the auto-making industry. It continues to beat gold as the world's best commodity investment. Read Full Article at RT.com
RT Business

All that glitters isn't gold: Palladium hits all-time record as deficit boosts prices

The price for palladium has surged to record-high levels on lower supply and increasing demand for the precious metal that is vital for the auto-making industry. It continues to beat gold as the world's best commodity investment. Read Full Article at RT.com

Russia’s trade surplus poised to smash pre-sanction record — reports

Russia is on track to break its own record trade surplus that had been reached in 2011, two years before the US and its Western allies imposed economic sanctions on the country, reports French business daily Les Échos. Read Full Article at RT.com
RT Business

Russia’s trade surplus poised to smash pre-sanction record — reports

Russia is on track to break its own record trade surplus that had been reached in 2011, two years before the US and its Western allies imposed economic sanctions on the country, reports French business daily Les Échos. Read Full Article at RT.com

Russia looks to build ‘LNG Island’ to supply booming Asian market

Russia’s largest LNG (liquefied natural gas) producer is looking to boost supply to the fast growing Asian markets by upgrading its facilities in the Far East. Read Full Article at RT.com
RT Business

Russia looks to build ‘LNG Island’ to supply booming Asian market

Russia’s largest LNG (liquefied natural gas) producer is looking to boost supply to the fast growing Asian markets by upgrading its facilities in the Far East. Read Full Article at RT.com

United States considers hitting Venezuela with oil embargo

The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, S&P Global Platts reported, citing sources familiar with the issue. Read Full Article at RT.com
RT Business

United States considers hitting Venezuela with oil embargo

The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, S&P Global Platts reported, citing sources familiar with the issue. Read Full Article at RT.com

John Bogle, millionaire & Warren Buffet's 'hero', who paved way for low-fee investing, dies at 89

Vanguard Group founder John Bogle has died at the age of 89, his family has confirmed. Bogle is known as a pioneer of low-cost index funds, whose visionary ideas have enabled ordinary Americans to save money through investment. Read Full Article at RT.com
RT Business

John Bogle, millionaire & Warren Buffet's 'hero', who paved way for low-fee investing, dies at 89

Vanguard Group founder John Bogle has died at the age of 89, his family has confirmed. Bogle is known as a pioneer of low-cost index funds, whose visionary ideas have enabled ordinary Americans to save money through investment. Read Full Article at RT.com

Brexit deal dead and markets couldn’t care less… Boom Bust asks why

Neither the British national currency, nor the financial markets seem to have reacted to the overwhelming rejection by UK parliament of Prime Minister Theresa May’s Brexit plan. Read Full Article at RT.com
RT Business

Brexit deal dead and markets couldn’t care less… Boom Bust asks why

Neither the British national currency, nor the financial markets seem to have reacted to the overwhelming rejection by UK parliament of Prime Minister Theresa May’s Brexit plan. Read Full Article at RT.com

Oil markets could see deficit in 2019

The OPEC+ cuts and slowing shale growth are likely to tip the scales in oil markets, and among others, Bank of America now sees a small deficit later this year. Read Full Article at RT.com
RT Business

Oil markets could see deficit in 2019

The OPEC+ cuts and slowing shale growth are likely to tip the scales in oil markets, and among others, Bank of America now sees a small deficit later this year. Read Full Article at RT.com

Russian economy minister to lead country’s delegation to Davos

The Russian delegation to the World Economic Forum (WEF) in Davos, Switzerland will be led by Economic Development Minister Maksim Oreshkin, Russia’s Energy Minister Aleksandr Novak said on Wednesday. Read Full Article at RT.com
RT Business

Russian economy minister to lead country’s delegation to Davos

The Russian delegation to the World Economic Forum (WEF) in Davos, Switzerland will be led by Economic Development Minister Maksim Oreshkin, Russia’s Energy Minister Aleksandr Novak said on Wednesday. Read Full Article at RT.com

Ain't 'lovin' it': McDonald's loses 'Big Mac' trade mark battle in EU

The European Union Intellectual Property Office ruled on Tuesday that US fast food giant McDonald’s has failed to prove “genuine use” of the Big Mac trademark as a burger or restaurant name. The ruling takes effect immediately. Read Full Article at RT.c
RT Business

Ain't 'lovin' it': McDonald's loses 'Big Mac' trade mark battle in EU

The European Union Intellectual Property Office ruled on Tuesday that US fast food giant McDonald’s has failed to prove “genuine use” of the Big Mac trademark as a burger or restaurant name. The ruling takes effect immediately. Read Full Article at RT.com

Sanctions? Russian economy to overtake Germany’s by 2020 – report

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts. Read Full Article at RT.com
RT Business

Sanctions? Russian economy to overtake Germany’s by 2020 – report

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts. Read Full Article at RT.com

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