The European Union (EU) will announce a new overseas infrastructure investment program this week which aims to compete with China’s flagship Belt and Road Initiative. Read Full Article at RT.com
Former US President Donald Trump’s company has made a deal to sell the rights to its hotel a few blocks from the White House in Washington, DC, said to bring more losses than profit in recent years. Read Full Article at RT.com
New quantum chips could be standard for computers in coming years – IBM
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IBM claimed on Monday to have developed a new quantum computer chip which could beat traditional chips in some tasks in just a matter of years. Read Full Article at RT.com
Amazon-backed 'Tesla killer' startup shows how to become US’ biggest company earning nothing
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Rivian Automotive has become the largest US business by market value despite having little revenue just days after its outstanding Nasdaq debut. Read Full Article at RT.com
World’s biggest aviation market may soon welcome back exiled Boeing 737 MAX
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After a more than two-year flight ban, a modified version of the Boeing 737 MAX is expected to finally return to the skies of its biggest consumer, China, as Beijing signals approval of the proposed changes to the plane. Read Full Article at RT.com
Why a US crude export ban won’t lower prices at the pump
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A proposed crude oil export ban is encountering strong opposition in the oil and gas industry, which argue that such a ban will only hurt drillers and won't help drivers. Read Full Article at RT.com
Russia stocks up as reserves rise to historic rate
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Russia’s international reserves rose to an unprecedented $623.2 billion last month, setting a historic record, data released this week by the country’s Central Bank shows. Read Full Article at RT.com
Elon Musk cashes in on meteoric rally in Tesla stocks
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Tesla’s billionaire CEO Elon Musk sold another chunk of Tesla shares, ramping up a combined value of the offloaded stocks to nearly $7 billion, taking advantage of a rally that boosted the company’s value to more than $1 trillion. Read Full Article at RT
Apple’s labor breach results in huge payments for employees
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US tech giant Apple is to pay $29.9 million to its frontline employees in California for time they were forced to spend undergoing mandatory anti-theft bag checks at the end of their shifts. Read Full Article at RT.com
The North American robotics market has reportedly recorded all-time high numbers, as labor shortages throughout manufacturing, transport, logistics, and essentially every sector are prompting businesses to turn to automation. Read Full Article at RT.com
Electric car startup rolls out second-largest US IPO after Facebook
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Shares of Rivian Automotive continued to rise on Thursday, following the electric-truck maker’s outstanding Nasdaq debut on November 10. It’s now on track to be the most valuable US automaker after Tesla. Read Full Article at RT.com
The volume of trade between Moscow and BRICS member states grew by almost a third during the first eight months of this year in annual terms, amounting to $42.1 billion. Read Full Article at RT.com
The Keiser Report explores what hyperinflation could do to the US
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Money printing in the US has doubled in the last 18 months as a result of the government’s attempts to help save the economy from the Covid-19 crisis, and it’s on track to double again. Read Full Article at RT.com
The volume of trade between Moscow and BRICS member states grew by almost a third during the first eight months of this year in annual terms, amounting to $42.1 billion. Read Full Article at RT.com
Stocks gains for Tesla despite Musk not following advice of Twitter followers
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Tesla founder and CEO Elon Musk has disposed of more than 4.5 million company shares so far this week in his first sale in over five years. The move came after another bombshell tweet that dragged Tesla stock down by about 12%. Read Full Article at RT.com
US shouldn't tax billionaires, finance guru tells Boom Bust
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Supply chains remain strained in the United States as the nation’s economy attempts to recover from the Covid-19 pandemic and Federal Reserve claims that rising inflation is simply transitory. Read Full Article at RT.com
Chip crunch sets back major tech & auto giants' production
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Global chip sales rose 27% in the third quarter of 2021 year-on-year, amounting to $145 billion, Izvestia newspaper has reported, citing data from the Semiconductor Industry Association (SIA). Read Full Article at RT.com
The shares of US industrial behemoth and the globe’s oldest industrial conglomerate General Electric (GE) soared nearly 20% this week, following news of a company split. Read Full Article at RT.com
Speak no evil: Elon Musk, Tesla lose billions on Twitter babble
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Tesla founder Elon Musk has lost $50 billion, roughly a fifth of his overall worth, in two days following a Twitter poll asking whether he should sell his stock to pay taxes. Read Full Article at RT.com
Rolls-Royce goes nuclear: Major automaker to produce ‘miniature reactors’
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The UK will fund iconic carmaker Rolls-Royce’s new project to build the country's first mini nuclear reactors as part of the nationwide push toward cleaner energy. Read Full Article at RT.com
Tesla subsidiary Tesla Energy Ventures has been officially licensed to sell electricity to retail customers in Texas, according to documents from the Texas Public Utility Commission. Read Full Article at RT.com
British food price inflation hit a 14-month high in October amid supply chain issues, the latest report from UK consulting firm Kantar shows. Read Full Article at RT.com
Strap in & get ready for Squid: Keiser Report looks at the economics of rug pulls
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Central banks keep pumping more fiat money and are talking about raising rates at some point in the future, as they’ve been saying now for 20 years. Read Full Article at RT.com
Cryptocurrency mining should be officially recognized as a business activity and taxed, Russian media reports, citing officials. Read Full Article at RT.com
Simple math explains real reason for Musk’s Twitter poll on selling Tesla stock
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Tesla CEO and billionaire Elon Musk asked his Twitter followers over the weekend if he should sell 10% of his Tesla holdings, and they said yes, but media reports claim he has to sell the stock soon regardless of the rhetoric. Read Full Article at RT.com
Oil prices were climbing on Monday morning, as Saudi Arabia signals strong demand and investors digest the decision by OPEC+ to stick to its output boost plan. Read Full Article at RT.com
Goldman Sachs-backed Russian firm makes a hit IPO in New York
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Real estate database Cian raised over $290 million in an initial public offering this week, paving the way for several other intriguing Russian listings. Read Full Article at RT.com
Trade turnover between Russia & China tops pre-pandemic figures despite traffic jams at border crossings
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Russo-Chinese trade turnover from January to October grew by 30.9% year on year, amounting to $115.66 billion, China’s General Customs Administration reported on Sunday. Read Full Article at RT.com
RT’s Boom Bust finds out who started rumor about Kroger accepting Bitcoin Cash & lined their pockets on the surge
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The price of Bitcoin Cash popped nearly 5% on Friday morning on reports that grocery giant Kroger would begin accepting the cryptocurrency as a form of payment. However, the report turned out to be false. Read Full Article at RT.com
Fraudcoin: Biggest & nastiest scams to rock the cryptocurrency market
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The rise of cryptocurrencies over the last decade has taken the world of finance by storm, with millions of people opening virtual wallets in an effort to join the ‘crypto-frenzy’ and make easy money betting on them. Read Full Article at RT.com
BioNTech shares nosedive on news of whistleblower report & Covid pills
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Shares of the German biotechnology company BioNTech that co-developed a Covid-19 vaccine with America’s Pfizer took a dramatic 20-percent plunge on Friday, in wake of a damning whistleblower report. Read Full Article at RT.com
US turns into battlefield for crypto innovation contest as NYC mayor wants to out-bitcoin mayor of Miami
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New York Mayor-elect Eric Adams announced plans to take his first three paychecks in bitcoin, saying that he would make his city the “center of the cryptocurrency industry.” Read Full Article at RT.com
Brussels comments on future of nuclear power amid widespread energy crisis
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The European Commission is ready to support EU nations opting to develop nuclear energy, according to European Commissioner for Climate Action Frans Timmermans. Read Full Article at RT.com
One more sector of UK economy hit with severe labor shortage
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The severe labor shortage that has hit the UK in the past few months has reportedly forced local meat processors to export carcasses for butchering and then transport them back to Britain for sale. Read Full Article at RT.com
Severe labor shortage hits UK meat industry, price hikes imminent
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The severe labor shortage that has hit the UK in the past few months has reportedly forced local meat processors to export carcasses for butchering and then transport them back to Britain for sale. Read Full Article at RT.com
Winter is coming: European natural gas prices continue to rise as EU grapples with energy crisis
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The price of natural gas in Europe surpassed $900 per thousand cubic meters on Wednesday, for the first time since late October, according to data released by the ICE exchange. Read Full Article at RT.com
The energy crunch Is adding billions to oil tycoons’ net worth
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As the surge in oil prices continues amid increasing demand and a supply crunch, energy stocks have been soaring – and the world's oil tycoons are laughing all the way to the bank. Read Full Article at RT.com
Elon Musk’s compulsive tweeting could cost Tesla $300 billion
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Tesla shares have dropped over 4% in premarket trading on Tuesday, on course to lose some of last week’s $300 billion in gains, after CEO Elon Musk cast doubt on the massive potential deal with car-rental firm Hertz Global. Read Full Article at RT.com
Russia-China trade to smash all-time high this year despite Covid pandemic – Russian Export Center
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The Russian Export Center (REC) expects trade turnover between Russia and China to reach a record $130 billion in 2021, the head of the state institution Veronika Nikishina said during an online conference on Monday. Read Full Article at RT.com
