War profiteers: Danish pension funds accused of financing war in Yemen
newsdepo.com
New research by Oxfam IBIS revealed that Denmark’s 16 pension funds have together invested almost 3 billion Danish kroner ($500 million) in foreign arms manufacturers supplying weapons to countries like Saudi Arabia and the UAE. Read Full Article at RT.com
China opens world’s first suspension bridge combining high-speed rail and road
newsdepo.com
China’s new suspension bridge integrating high-speed road and railway has been put into operation in the country’s eastern province of Jiangsu, state news agency Xinhua reports. Read Full Article at RT.com
EU to force Big Tech to police internet or face large fines – report
newsdepo.com
The EU will require “very large” tech companies such as Facebook and Amazon to take greater responsibility for policing the internet or face fines of up to six percent of their turnover, the Financial Times reported on Thursday. Read Full Article at RT.co
Will Americans be forced to take Covid vaccine despite side-effects warning? RT’s Boom Bust finds out
newsdepo.com
As Canada becomes the third country after Britain and Bahrain to approve coronavirus vaccine developed by Pfizer-BioNTech, the UK health regulator issues an allergy-alarm warning. Read Full Article at RT.com
Russia bans imports of tomatoes & apples from Azerbaijan
newsdepo.com
Russia’s agricultural watchdog has restricted shipments of tomatoes and apples from Azerbaijan after pests were found in the products. The embargo comes into force on December 10. Read Full Article at RT.com
Your order, Sir! Robots start delivering restaurant meals in Moscow (PHOTOS, VIDEOS)
newsdepo.com
Self-driving robot buggies started delivering restaurant orders to customers in central Moscow this week. Russian Internet giant Yandex is operating the service. Read Full Article at RT.com
Economic decoupling from China ‘act of national self-sabotage’ – Australian MP
newsdepo.com
A productive relationship between Canberra and Beijing is in the interest of both countries, according to Tim Watts, a Labor member of Australia’s parliament. Relations between the countries have deteriorated in recent years. Read Full Article at RT.com
Consumer prices in China decline for first time in over decade
newsdepo.com
The recovery in pork supply has driven consumer prices in China lower for the first time since 2009, according to new data from the country’s statistics agency. Read Full Article at RT.com
Say what? Apple unveils headphones priced at $549!
newsdepo.com
Apple has announced the release date of its new over-ear headphones, AirPods Max, that will cost you as much as a decent smartphone or a budget laptop. Read Full Article at RT.com
Deal or no deal? Boom Bust explores the Brexit saga & what comes next
newsdepo.com
The UK and the European Union are back in post-Brexit trade talks, with tensions still running high. UK PM Boris Johnson has warned that securing a deal will be “very difficult” and asked the nation to get ready for changes. Read Full Article at RT.com
Tesla joins exclusive club as company’s market cap eclipses $600 BILLION
newsdepo.com
The value of US electric car maker Tesla reached $608 billion on Monday for the first time, as its shares continued their epic 2020 run. The firm thus joins the exclusive club of top-five S&P 500 companies. Read Full Article at RT.com
World Economic Forum moves from Davos to Singapore as pandemic continues to sweep across Europe
newsdepo.com
Covid-19 has forced the World Economic Forum (WEF) to move from Davos to Singapore next year. The event will mark only the second time in two decades the key annual business meeting has not taken place in Switzerland. Read Full Article at RT.com
China’s forex reserves hit 4-year high on booming trade & strong yuan
newsdepo.com
China boosted its foreign exchange reserves, the world’s largest, by over $50 billion in one month. The holdings rose to the highest in more than four years to reach $3.178 trillion in November. Read Full Article at RT.com
Autonomous cars may hit the road before the end of decade – world’s largest carmaker
newsdepo.com
Self-driving cars may be available for sale between 2025 and 2030, Volkswagen boss Herbert Diess has predicted. His company, the leading global automaker by vehicle sales, is currently boosting its investment in the technology. Read Full Article at RT.com
China to build over a million new 5G stations next year
newsdepo.com
Chinese telecom carriers have managed to build more than 600,000 new 5G base stations this year, in addition to about 100,000 5G stations built in 2019, said Wu Hequan, an academic at the Chinese Academy of Engineering. Read Full Article at RT.com
Chinese retail giant JD.com becomes first big online shop to accept digital yuan in $3mn ‘lottery’ trial
newsdepo.com
China is set to hold one of the biggest trials of its sovereign digital currency, making it available for payments at one of its biggest e-commerce platforms, JD.com, after yet another massive giveaway. Read Full Article at RT.com
Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows
newsdepo.com
Russian lawmakers initiated denouncing a tax agreement with the Netherlands. The deal was designed to avoid double taxation, but so far negotiations have come to a deadlock. Read Full Article at RT.com
Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd. Read Full Article at RT.com
Smaller Russian oil corporations oust energy giants from top of WWF environmental rating
newsdepo.com
Russia’s oil and gas companies have demonstrated distinctly higher transparency of ecological information, with minor firms taking lead positions in the annual ranking by the World Wildlife Fund Russia and energy consultant Creon. Read Full Article at RT.co
US Dollar slide expected to continue into next year on risky bets & stimulus speculation
newsdepo.com
The US currency’s downward trend is likely to last at least another six months as investors continue to shift to risky assets and higher returns, a Reuters poll of currency strategists found. Read Full Article at RT.com
Pakistan calls for debt relief for poor countries struggling with Covid-19 pandemic
newsdepo.com
The international community should offer substantial help to developing countries struggling to avert economic collapse amid the coronavirus crisis, according to Pakistan’s Prime Minister Imran Khan. Read Full Article at RT.com
EU-Asia partnership is a ‘crystal-clear message’ to Biden to end US protectionism in trade – Prof. Wolff
newsdepo.com
After six years of negotiating, the European Union and the Association of Southeast Asian Nations (ASEAN), a group consisting of 10 Asian countries, have upgraded their relationship to a “strategic partnership.” Read Full Article at RT.com
Beijing launches 1,100km section of Russia-China natural gas pipeline
newsdepo.com
China has brought the middle section of the China-Russia East natural gas pipeline into operation. It is connected to the Power of Siberia gas pipeline from Russia that will deliver blue fuel to northern China. Read Full Article at RT.com
China starts buying Indian rice for first time in several decades
newsdepo.com
For the first time in three decades, China has turned to Indian rice producers after exports of the cereal grain across the world dramatically declined in 2020, according to Indian industry officials cited by Reuters. Read Full Article at RT.com
China about to dethrone US as world’s leading economy, trader tells Boom Bust
newsdepo.com
The Organization for Economic Co-operation and Development expects China to account for over a third of world economic growth in 2021. Boom Bust explores whether China can overtake the US to become the world’s largest economy. Read Full Article at RT.com
Why air travel recovery won’t spark an oil price rally
newsdepo.com
Oil demand isn’t going to see a bump from air travel demand anytime soon, or so the International Air Transport Association (IATA) said in a recent press release. Read Full Article at RT.com
Germany may have found loophole to dodge US sanctions against Russia's Nord Stream 2 gas pipeline – report
newsdepo.com
Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources. Read Full Article at RT.com
Biden says he will keep Trump’s tariffs on China for a while
newsdepo.com
Joe Biden told a New York Times opinion columnist that he won’t immediately remove the elevated tariffs that the Trump administration imposed on China. He intends to first review the existing US-China agreement. Read Full Article at RT.com
India’s consumer spending to return to growth in 2021 – Fitch
newsdepo.com
Consumer spending in India has contracted by 12.6 percent this year due to the Covid-19 pandemic, according to Fitch Solutions. It expects household spending to return to growth in 2021, expanding by as much as 6.6 percent. Read Full Article at RT.com
Russia’s Gazprom books massive losses for 2020 on falling energy prices & ruble depreciation
newsdepo.com
Russian energy major Gazprom has seen a dramatic fall in net profits for the first nine months of 2020, which fell to 218 billion rubles ($2.9 billion) from nearly 1.1 trillion rubles ($14.5 billion) a year ago. Read Full Article at RT.com
Saudi Arabia 'financed itself into oblivion' & now entire country is at risk of going under – Max Keiser
newsdepo.com
The hosts of Keiser Report, Max Keiser and Stacy Herbert, look at the online conversations of a money printer and how financialization has turned Saudi Aramco into a money-losing operation. Read Full Article at RT.com
China to overtake US as world's largest consumer market 'very soon'
newsdepo.com
China's consumer goods market is rapidly catching up with the US and is poised to become the world's largest in the near future, according to a top Chinese economic planning agency official. Read Full Article at RT.com
Bitcoin price breaks all-time record, nearing $20,000 as cryptocurrency bounces back from March slump
newsdepo.com
The price of Bitcoin has hit a record high, inching toward the $20,000 mark in a dramatic recovery for the world’s most popular digital currency, which has rallied more than 200 percent since March. Read Full Article at RT.com
OPEC+ may delay crude production hike while keeping one eye on US shale
newsdepo.com
Oil-producing coalition OPEC+, led by Russia and Saudi Arabia, will likely delay its planned two million barrels per day January increase in output, according to market consensus. Read Full Article at RT.com
The Covid-19 pandemic is fueling a record decline in emissions
newsdepo.com
A new report by BloombergNEF (BNEF) has attributed the Covid-19 pandemic to a record decline in carbon dioxide emissions in the United States. Read Full Article at RT.com
Resurgent bitcoin pushing toward all-time high after last week’s stumble
newsdepo.com
The world’s top cryptocurrency, bitcoin, is recovering after last week’s sharp losses. Bitcoin is up over two percent and was trading above $18,500 on Monday, inching closer to its all-time high of $20,000. Read Full Article at RT.com
UK government begins purge of China’s Huawei from country’s 5G rollout
newsdepo.com
British telecommunications firms must not install new Huawei 5G kit after September 2021, the government said on Monday. The move is part of a plan to purge the Chinese firm’s equipment from high speed mobile networks. Read Full Article at RT.com
Iraq does not want to be exempt from OPEC+ deal as oil exporters close to keeping output curbs
newsdepo.com
Baghdad still wants to be a part of the agreement between OPEC states and allies led by Russia as the historic oil deal proved to be an effective tool in boosting the energy market crippled by the coronavirus pandemic. Read Full Article at RT.com
Australia vows to drag China to WTO over barley tariffs amid mounting trade tensions between the two nations
newsdepo.com
Canberra may file a formal complaint to the World Trade Organization (WTO) over Beijing’s anti-dumping duties on barley, Australia’s trade minister said as a tariff dispute between the two powers escalates. Read Full Article at RT.com
