China to dethrone US as world’s biggest economy sooner than we'd predicted, expert group says
newsdepo.com
The Centre for Economics and Business Research (CEBR) expects that China’s economy will outshine that of the US by 2028, half a decade sooner than it had previously forecast. Read Full Article at RT.com
Digital currencies may challenge SWIFT global payment network, says Russian central bank
newsdepo.com
The development of digital currencies may challenge the SWIFT international banking payment system and could eventually make it redundant, the Central Bank of Russia (CBR) has said. Read Full Article at RT.com
Russia to invest more than $200 billion in fighting poverty
newsdepo.com
The Russian government is to spend a total of 15.3 trillion rubles (nearly $207 billion) over five years to reduce poverty and boost citizens’ real incomes, the country’s Accounts Chamber has said in its latest report. Read Full Article at RT.com
Russia’s foreign exchange holdings rose by over one percent in one week to reach a total of $593.6 billion, according to the latest central bank data. Read Full Article at RT.com
Alibaba stock plunges after China launches anti-monopoly probe into online retailer
newsdepo.com
China’s antitrust regulator has kicked off an investigation into alleged monopolistic practices of internet giant Alibaba. One of Jack Ma’s other crown jewels, Ant Group, has been summoned for a regulatory meeting. Read Full Article at RT.com
Biden will remain tough on China but will leave room to repair relationship, economics professor tells Boom Bust
newsdepo.com
The Trump administration has continued to ramp up hostilities with Beijing in its final days in power, having published a new list of restricted Chinese companies. Read Full Article at RT.com
Countries around the world spent over $13 TRILLION to combat Covid-19 pandemic – report
newsdepo.com
Global leaders have committed trillions of dollars to battle the coronavirus pandemic and support the global economy, Japanese business newspaper Nikkei reported on Wednesday, citing its experts. Read Full Article at RT.com
Apple’s shares surge on reported plans to launch self-driving electric car in 2024
newsdepo.com
Reported efforts by Apple to get into the automotive market and make a passenger vehicle that features its own battery technology boosted the iPhone maker’s stock more than two percent after markets opened on Tuesday. Read Full Article at RT.com
Record public borrowing brings UK debt pile to £2.1 trillion
newsdepo.com
UK public debt grew to the size of the entire British economy in the first eight months of the financial year, the highest level since the early 1960s, as a result of the coronavirus pandemic. Read Full Article at RT.com
Warren Buffett is a leech living on US government bailouts – Max Keiser
newsdepo.com
RT’s Keiser Report looks at why the mainstream media is always calling on people to trust central banks. Meanwhile, billionaire investor Warren Buffett says the economy needs another injection. Read Full Article at RT.com
Russia looking to bolster oil supplies to India for decades ahead
newsdepo.com
Russia retains a solid place in the Indian energy market, and wants to expand its oil exports to the South Asian country, says Russian Ambassador to India Nikolai Kudashev. Read Full Article at RT.com
Moscow Exchange sows seeds of potential with launch of wheat futures contracts
newsdepo.com
The Derivatives Market at the Moscow Exchange (MOEX) has launched trading of physically settled Russian grain futures contracts. The product is set to replace a swap contract that closed earlier this year. Read Full Article at RT.com
Gold rallies to 6-week high on US stimulus deal & Covid lockdowns
newsdepo.com
The price of gold continued to rise on Monday, after the US Congress reached a long-sought coronavirus aid package agreement. Lockdowns in the UK have also boosted investor appetite towards the precious metal. Read Full Article at RT.com
Govt aware latest lockdown could have ‘severe’ impact on British economy — UK health minister
newsdepo.com
The economic impact of fresh restrictions introduced by UK Prime Minister Boris Johnson amid a rapidly spreading new coronavirus strain are expected to be very severe, admits British Health Minister Matt Hancock. Read Full Article at RT.com
There is too much hype surrounding electric vehicles (EVs), one of the world’s top automakers, Japan’s Toyota, says, noting that the electricity needed to charge electric cars would strain grids and increase carbon emissions. Read Full Article at RT.com
Covid-19 pandemic causes minor damage to corporate India, but takes heavy toll on the poor, Credit Suisse says
newsdepo.com
The cost of the Covid-19 pandemic on the Indian economy is smaller than was projected, as the corporate sector managed to bring down costs and bolster balance sheets, according to Credit Suisse’s top equity strategist for India. Read Full Article at RT.com
IMF unlocks $1.67 billion tranche to Egypt as public debt & Covid-19 jeopardize economy
newsdepo.com
The executive board of the International Monetary Fund (IMF) has allowed the Egyptian authorities to draw $1.67 billion under a 12-month standby arrangement. Read Full Article at RT.com
Bitcoin should be worth $400,000 based on its scarcity – Guggenheim CIO
newsdepo.com
The world’s most popular cryptocurrency, bitcoin, should be worth about 20 times more than it is now, based on its scarcity and value relative to gold, according to Guggenheim’s global chief investment officer (CIO) Scott Minerd. Read Full Article at RT.c
Chinese firms raised almost $12 billion through IPOs on US exchanges this year
newsdepo.com
A new report by Renaissance Capital found that investor appetite for Chinese companies in US stock markets rose to a six-year high in 2020 despite trade tensions between the two countries. Read Full Article at RT.com
Russia second in Bloomberg rating of economies expected to beat expectations in 2021
newsdepo.com
Bloomberg analysts have placed Russia second in its ranking of developing markets with the brightest outlook for the economy for the next year, the study of 17 emerging countries reveals. Read Full Article at RT.com
The rise of bitcoin is no threat to gold – Goldman Sachs
newsdepo.com
Bitcoin’s rising popularity doesn’t endanger gold, Goldman Sachs Group said, adding that while the top cryptocurrency may be pinching some demand from the oldest of havens, the precious metal’s standing will endure. Read Full Article at RT.com
China will soon dominate space, entrepreneur tells RT's Keiser Report
newsdepo.com
Max Keiser talks to entrepreneur Dan Collins, who has recently returned to the US after 20 years living and working in China. They discuss the implications of China planting its flag on the Moon. Read Full Article at RT.com
Russia’s Nord Stream 2 gas pipeline clearly beneficial for Europe & WILL BE completed – Putin
newsdepo.com
President Vladimir Putin says the Russian natural gas pipeline to Germany, Nord Stream 2, is almost finished and will serve European national interests, allowing the continent to buy cheaper Russian gas. Read Full Article at RT.com
Putin wants to cut poverty in Russia by half in next decade
newsdepo.com
The goal of reducing the share of Russians with incomes below the subsistence level from 13.5 percent to 6.5 percent by 2030 is ambitious, but realistic, according to Russian President Vladimir Putin. Read Full Article at RT.com
Russia reviving domestic aviation with new aircraft engine, cutting dependence on foreign suppliers, experts tell RT
newsdepo.com
The successful maiden flight of the Irkut MC-21-310 aircraft this week is a clear sign that Russia is serious about restoring its civil aviation while reviving its domestic aerospace industry, aviation experts told RT. Read Full Article at RT.com
Bitcoin worth more than JPMorgan as crypto sets new historic peak above $22,000
newsdepo.com
The world’s largest cryptocurrency by market capitalization, bitcoin, has reached another milestone in less than 24 hours as its price topped $22,000. Read Full Article at RT.com
Major US investment index to drop 10 Chinese stocks blacklisted by Trump
newsdepo.com
American index provider MSCI has followed other global peers in the removal of securities of Chinese firms that have been blacklisted by the outgoing Trump administration. Read Full Article at RT.com
The world’s most popular cryptocurrency, bitcoin, hit a new milestone on Wednesday, smashing through the $20,000 level on increased demand from institutional investors. Read Full Article at RT.com
Pandemic costs Asia-Pacific 81 million jobs & may plunge additional 25 million people into poverty
newsdepo.com
Some 81 million people have lost work across the Asia-Pacific this year, as the Covid-19 pandemic created turmoil in the region’s labor market, the International Labour Organization (ILO) has found. Read Full Article at RT.com
Russia’s massive offshore Arctic oil & gas discovery could dwarf Gulf of Mexico & Middle East’s energy reserves
newsdepo.com
Russian energy giant Rosneft has announced the discovery of a “unique” gas deposit in the Kara Sea containing an estimated 514 billion cubic meters of natural gas. Read Full Article at RT.com
China accelerates recovery as key economic indicators rise at fastest pace since start of pandemic
newsdepo.com
The world’s second-largest economy continues to rebound from the Covid-19 crisis, largely outpacing its global peers. Both retail sales and industrial production in China have showed their highest growth since the pandemic began. Read Full Article at RT.com
Removal from US stock markets won't halt investments in blacklisted Chinese companies, Beijing says
newsdepo.com
China has urged the US to “stop wrongful actions of abusing state power,” as it slammed the recent order from Washington that forced Nasdaq to announce the removal of four Chinese firms from its indexes. Read Full Article at RT.com
Year of the ruble: Commodities to push Russian currency higher in 2021, Saxo Bank predicts
newsdepo.com
The Russian ruble is currently “undervalued” and has the potential to strengthen by over 10 percent against the US dollar, according to the Chief Investment Officer of Saxo Bank Steen Jakobsen. Read Full Article at RT.com
Australian dollar strengthens on surging iron ore prices & greenback weakness
newsdepo.com
The Australian currency continued to gain on the US dollar on Monday, hitting AUD 1.32 against the greenback and reaching the highest level since 2018. Read Full Article at RT.com
What lies behind AstraZeneca’s plan to team up with Russia’s highly criticized Sputnik V? RT’s Boom Bust gropes for an answer
newsdepo.com
Earlier this week, British pharmaceutical giant AstraZeneca announced a trial program to test if its experimental coronavirus vaccine can be combined with Russia’s Sputnik V shot, which was previously bashed by the UK media. Read Full Article at RT.com
Ireland tops list of world’s most generous nations as year of living with Covid-19 boosts donations
newsdepo.com
While 2020 brought more than a few problems to the vast majority of countries. Analysts have compiled a list of nations that made the most generous donations during the hard times. Read Full Article at RT.com
Oman looks to make the most of its dwindling oil reserves
newsdepo.com
Oman has just established a new state-owned company for upstream oil and gas operations to help garner investment interest and further develop its resources. Read Full Article at RT.com
Sweden considers adopting e-krona amid rapid growth of cash-free transactions
newsdepo.com
Swedish authorities have announced plans for a step-by-step replacement of the traditional krona with a digital equivalent, signaling a potential shift away from paper money in one of the world’s most cashless societies. Read Full Article at RT.com
The shale revolution may have made the United States and the world's largest natural gas producer, but it has failed to make the biggest US shale gas drillers any richer. Read Full Article at RT.com
Russia considers grain export quota to stabilize domestic food prices
newsdepo.com
Russia is preparing a decree authorizing an introduction of a grain export quota and wheat export tax, according to the chairman of the Russian Union of Grain Exporters, Eduard Zernin. Read Full Article at RT.com
