Russia helps China overcome energy crisis by boosting electricity exports
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Russia’s Inter RAO Group energy holding has almost doubled its electricity exports to China since November 1, a company spokesman said on Monday. Read Full Article at RT.com
Russia helps China overcome energy crisis by doubling electricity exports
newsdepo.com
Russia’s Inter RAO Group energy holding has almost doubled its electricity exports to China since November 1, a company spokesman said on Monday. Read Full Article at RT.com
Russia nearly doubles electricity exports to China
newsdepo.com
Russia’s Inter RAO Group energy holding has almost doubled its electricity exports to China since November 1, a company spokesman said on Monday. Read Full Article at RT.com
Oil prices drop as China releases fuel reserves to beef up domestic supply
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Global crude prices slid on Monday after China released gasoline and diesel reserves to increase the domestic market supply and stabilize prices. Read Full Article at RT.com
Hyperinflation or hypershrinkflation? RT’s Keiser Report probes terms that ultimately signal the loss of confidence in fiat money
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While many economies around the globe already face off with hyperinflation, the US seems confident it can evade the trend by owning the world’s reserve currency. Read Full Article at RT.com
Russia can take 20% of global market for wild organic crops
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Some 24,000 tons of wild crops, worth $69 million, have been exported by Russia last year, says the AgroExport division of the Ministry of Agriculture. In January-August 2021, exports amounted to 9,000 tons worth $39 million. Read Full Article at RT.com
Russia ramps up agricultural exports by almost 20% since January
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Supplies of Russian agricultural products abroad have risen since the beginning of the year, totaling $26 billion as of October 24, data by the AgroExport division of the country’s Ministry of Agriculture shows. Read Full Article at RT.com
New king on the block: Microsoft beats Apple as world's most valuable company
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Apple has lost its crown as the globe’s most valuable public company to Microsoft this week after the iPhone-making giant’s shares dropped 2%. Read Full Article at RT.com
Ukraine may boost firewood exports to warm EU despite skyrocketing prices at home, Analysis and Strategy Center head says
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Kiev may soon increase firewood exports to the EU to help the bloc deal with energy shortages brought about by soaring gas prices, the head of Ukraine’s Analysis and Strategy Center, Igor Chalenko, says. Read Full Article at RT.com
Ukraine may boost firewood exports to warm EU despite skyrocketing prices at home – expert
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Kiev may soon increase firewood exports to the EU to help the bloc deal with energy shortages brought about by soaring gas prices, the head of Ukraine’s Analysis and Strategy Center, Igor Chalenko, says. Read Full Article at RT.com
Industrial production in Japan drops to 13-month low – Economy Ministry
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Japan’s industrial output fell to its lowest level in 13 months in September, with the sharpest decline seen in the automotive industry due to the global shortage of semiconductors. Read Full Article at RT.com
Accusations that Russia uses energy as geopolitical weapon are baseless, Banca Intesa chair says
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Russia is delivering more gas to Europe than specified under the existing contract, while the lion’s share of US liquified natural gas (LNG) promised by Washington is going to Asia, Antonio Fallico told RT. Read Full Article at RT.com
Russian ruble on track for biggest monthly gain vs US dollar in 2021
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High oil prices and the central bank’s tough monetary policy have paid off for Russia, as the ruble is on track to post its largest monthly gain for the year against the US dollar. Read Full Article at RT.com
Russia’s Gazprom to cover third of global gas consumption growth in 2021
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Russian state-run energy giant Gazprom has ramped up production of natural gas to meet as much as a third of the world’s increase in consumption this year, the company said. Read Full Article at RT.com
A global oil shortage is inevitable – Oilprice.com
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Oil companies are under increasing pressure to curb production, but stopping supply will only aggravate the energy problems facing the world today and drive oil prices higher. Read Full Article at RT.com
Germans should change course on energy policy to avoid having to heat homes with firewood, as Putin once joked – Knorr-Bremse boss
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Berlin should be very careful when it comes to energy policy, warns Klaus Mangold, chairman of the Supervisory Board of German manufacturer Knorr-Bremse. He says Germany should think about returning to nuclear power. Read Full Article at RT.com
Spending millions on propellers and solar panels won’t make sun brighter or wind stronger, Russian envoy tells EU on energy crisis
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Responsibility for the results of the European Union’s energy policies cannot be placed on Moscow, says Russia’s permanent representative to the bloc, Vladimir Chizhov. Read Full Article at RT.com
RT’s Keiser Report looks at how money printing has become the main source of wealth creation & inequality
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Max and Stacy discuss the surging wealth gap around the world as trillions in stimulus packages boost the assets of the wealthiest 10%, while making the bottom 90% poorer by eroding the value of fiat money. Read Full Article at RT.com
European gas prices fall as Gazprom signals additional supplies in November
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Natural gas prices dropped below $1,000 per thousand cubic meters on the European markets on Thursday, after Russian energy major Gazprom promised to refill Europe’s underground gas storage (UGS) facilities as soon as next month. Read Full Article at RT.com
Could coal be making a comeback? RT’s Boom Bust wants to know
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The global energy crunch is forcing countries to return to coal as surging electricity prices slow economic recovery in the wake of the Covid pandemic. Read Full Article at RT.com
China triples coal purchases from Russia after banning Australian imports
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China has dramatically ramped up coal imports from Russia to compensate for shortages caused by the ongoing trade row with Australia, once the country’s biggest coal supplier. Read Full Article at RT.com
Verona opens doors to Eurasian Economic Forum with the theme of new human-focused economy
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The 14th Eurasian Economic Forum kicks off in the Italian city of Verona, bringing together politicians, businessmen and public figures from across Europe and Asia. Read Full Article at RT.com
Rising petrol prices spur fuel tourism across Europe
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Soaring fuel prices at home are driving some Europeans to neighboring countries to fill up their cars this autumn. Despite the cost of the trip, an increasing number of Germans are crossing the border in pursuit of cheaper gas. Read Full Article at RT.com
Russia opens ‘market abuse’ case against Apple over failure to provide for alternative payment methods in its App Store
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Russia’s Federal Antimonopoly Service (FAS) said on Wednesday that an antitrust case has been launched against US tech giant Apple, which has not complied with its request to “stop abuse in the market.” Read Full Article at RT.com
Global supply chains could face ‘catastrophic’ ransomware attacks, cyber security expert tells Boom Bust
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Cyber security experts at Microsoft have warned that hackers are targeting the global technology supply chain, with around 140 resellers and technology providers having been hit by ransomware attacks since May. Read Full Article at RT.com
European gas prices to increase further in event of harsh weather, Wintershall CEO says
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A severe winter in Europe would likely mean natural gas prices will continue to rise higher, adding to the continent’s energy woes, according to Dea Mario Mehren, chief executive of natural gas and crude oil company Wintershall. Read Full Article at RT.com
We are in a ‘global supply chain pandemic’ that could be as severe as Covid, Prof. Quelch tells Boom Bust
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EU leaders are sounding the alarm about a shortage of magnesium coming from China that could take a toll on the bloc’s economy. A number of business groups are warning of the imminent risk of Europe-wide production shutdowns. Read Full Article at RT.com
Elon Musk now worth more than oil giant ExxonMobil
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With a net worth of over $288 billion, Elon Musk’s fortune is now bigger than the market value of US energy major ExxonMobil. This comes as Musk’s electric car company Tesla joins the elite trillion-dollar club of companies. Read Full Article at RT.com
China unlikely to allow Australian coal imports despite mounting energy crisis – analysts
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The coal shortage in China is unlikely to force Beijing to lift the ban on Australian imports anytime soon despite the pressing need to boost energy supplies amid a national power crunch, experts believe. Read Full Article at RT.com
Refiners suffer from record high natural gas prices
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Surging natural gas prices in Europe and Asia have boosted global demand for oil products, benefiting oil refiners globally. Yet, it is these record natural gas prices have started to weigh on the refining industry. Read Full Article at RT.com
Beloved cartoon characters Masha and the Bear to appear on Russian commemorative coins
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The Bank of Russia has issued commemorative coins featuring characters from the Russian animation series ‘Masha and the Bear’, which has become widely popular across the world over the past decade. Read Full Article at RT.com
Sudan stalls entry of fuel-carrying ships into its waters to avoid fines for protest-related delays – Energy Ministry
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Sudan has halted the entry of ships carrying fuel into its territorial waters to avoid fines that may arise from offloading delays due to tribal protests. Read Full Article at RT.com
Russians stock up on foreign currency, choose US dollar over euro
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Russian currency exchange transactions in September increased by 30% on a yearly basis, analysts at the Russian Standard Bank state. Read Full Article at RT.com
Russia’s gold & foreign currency reserves rise by almost $5 BILLION in just one week
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Russian foreign exchange holdings grew by 0.8% over the week ending October 15, reaching $620.3 billion, according to the latest data from the central bank. Russia holds the world’s fifth-largest forex reserves. Read Full Article at RT.com
China’s Evergrande averts default with last-minute bond payment, resumes work on 10 projects
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Chinese property developer Evergrande evaded default this week with a last-minute bond coupon payment, which bought the company another week to deal with its $300 billion debt crisis. Read Full Article at RT.com
China’s Evergrande averts default with last-minute bond payment
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Chinese property developer Evergrande evaded default this week with a last-minute bond coupon payment, which bought the company another week to deal with its $300 billion debt crisis. Read Full Article at RT.com
IMF slashes Asia growth forecast, warns of ‘ravaging’ Covid spread & supply-chain disruptions
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The International Monetary Fund (IMF) has lowered its 2021 growth forecast for the Asian economy to 6.5%, down by 1.1 percentage points from its April projection. Read Full Article at RT.com
Russia is ready to boost coal & gas supplies to China, but says problems with transportation remain
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Beijing has been in talks with Moscow on increasing fossil fuel deliveries to China. However, despite Russia’s readiness to cooperate, transportation problems may hinder the efforts, the Russian ambassador to China says. Read Full Article at RT.com
Nothing to hide, nothing to fear: RT’s Keiser Report probes Bank of England warning that bitcoin could cause financial meltdown
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The Bank of England has warned investors this week that bitcoin could cause a collapse of the financial system, while a recent Reuters report slammed the UK as the “bank scam capital of the world.” Read Full Article at RT.com
The export duty on Russian wheat will be increased from $61.3 to $67 per ton on October 27, the Ministry of Agriculture said. Duties on corn will also be hiked to $49.7 per ton. Read Full Article at RT.com
