India to become $10 TRILLION economy by 2030 – minister
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Economic growth in India is accelerating as the pandemic has led to the revival of the nation’s health sector and increased exports, Minister of Petroleum and Natural Gas of India Hardeep Singh Puri says. Read Full Article at RT.com
Russia’s foreign trade turnover may surpass pre-pandemic level – Federal Customs Service
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The volume of Russia’s foreign trade turnover from the start of 2021 amounted to $570 billion, data from the Federal Customs Service (FCS) shows. The department says the indicator may exceed the level of 2019 by year’s end. Read Full Article at RT.com
Beijing signals its tech industry crackdown is winding down
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China’s major financial regulator said this week it expects to make significant progress in the ongoing probe of Chinese fintech companies before the end of 2021, which may signify an end to the crackdown is approaching. Read Full Article at RT.com
Walmart sets up hundreds of bitcoin ATMs at its stores across the US
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US retail giant Walmart, the world’s largest company by revenue, has launched a program to allow customers to buy bitcoin at 200 of its stores via Coinstar ATMs. Read Full Article at RT.com
Russia continues to add gold to the country’s huge forex reserves
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The holdings of monetary gold in Russia’s foreign exchange reserves increased by 0.14% last month, amounting to 73.9 million ounces (2,298.547 tons) as of October 1, the Central Bank of Russia reports. Read Full Article at RT.com
European businesses run risk of shutting down due to rising gas prices, EC president warns
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Surging prices for gas in the European Union expose enterprises across block to serious risks of closing down, according to the president of the European Commission Ursula von der Leyen. Read Full Article at RT.com
Forget $100, options traders now betting on oil prices hitting $200
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As oil prices hit multi-year highs, some speculative traders are betting on the options market that oil could exceed $100 a barrel by the end of this year and even reach a record $200 per barrel by the end of 2022. Read Full Article at RT.com
Gas prices in Europe continued to rise on Wednesday, reaching over $1,150 per 1,000 cubic meters, according to data from the Intercontinental Exchange. Read Full Article at RT.com
First bitcoin futures ETF ready to debut on Wall Street
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A bitcoin-linked exchange-traded fund (ETF) will officially be listed on the New York Stock Exchange (NYSE) on Tuesday under the ticker ‘BITO’, ProShares fund has announced. Read Full Article at RT.com
European gas prices surge 20% after cooling down to $980 per 1,000 cubic meters
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Gas prices in Europe have topped $1,300 per thousand cubic meters on Monday after declining to almost $980 in earlier trading on London’s ICE exchange. Read Full Article at RT.com
China’s GDP growth slumps as real estate and energy crises take toll
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The Chinese economy grew by 4.9% from July to September compared to the previous year – its weakest pace since the third quarter of 2020, data published by the National Bureau of Statistics (NBS) on Monday shows. Read Full Article at RT.com
El Salvador is set to use wide range of renewable energy for crypto-currency mining, country’s Hydroelectric Commission says
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The world’s first state to make bitcoin legal tender, El Salvador, plans to use multiple renewable-energy sources to power its crypto-mining sites, the chief of the country's Hydroelectric Commission announced earlier this week. Read Full Article at RT.com
Russia’s non-resource-based exports will reach historic highs in 2021
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By year’s end, Russia’s exports not based on resources or energy will reach a record $180 billion, Russian Export Center (REC) CEO Veronika Nikishina told reporters on the sidelines of the Eurasian Women’s Forum. Read Full Article at RT.com
Russian gem miner boosts output to 23.3 million carats
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Russian diamond miner Alrosa increased production by 26% in the third quarter of 2021, according to the latest data released by the company. Read Full Article at RT.com
Global public debt hits record high of $88 TRILLION – IMF
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The International Monetary Fund (IMF) said on Wednesday that global government debt is estimated at 97.8% of the world’s gross domestic product in 2021. Read Full Article at RT.com
And the third runner-up is… Russia ranks among world's largest bitcoin miners
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Russia has emerged as the world’s third largest bitcoin miner, with its share in the total computing power of miners – known as the ‘hash rate’ – reaching 11.23%, data from the University of Cambridge published this week shows. Read Full Article at
Bad economics or outright fraud? Keiser Report looks at how the fiat world drives multiple supply crises & how bitcoin could help
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The global supply chains are collapsing, leaving empty shelves and people queuing for basic goods, but stock prices continue to rise because of money-printing behind the scenes, collapsing the value of currencies. Read Full Article at RT.com
Europe’s imports of Russian goods soar 50% in 2021 despite lingering sanctions – Eurostat
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The value of Russian exports to European countries from January to August 2021 reached $109.7 billion, allowing Russia to remain the third largest EU exporter, European statistics agency Eurostat announced this week. Read Full Article at RT.com
Australia continues to back its coal industry as many Western nations have turned their back on the dirtiest fossil fuel, approving a third coal mine extension in a month and bolstering partnerships for long-term coal exports. Read Full Article at RT.com
Bitcoin climbs closer to $60,000 on prospect of first exchange-traded fund
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The world’s most popular cryptocurrency has soared to its highest level since May on Friday, propelled by traders’ optimism about a US approval of the first bitcoin futures exchange-traded fund (ETF). Read Full Article at RT.com
How do US crypto miners plan to make the energy-intensive process more efficient? RT’s Boom Bust finds out
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The US has now officially become the world leader in bitcoin mining, doubling its share in the energy-intensive activity after miners were forced out of China by a sweeping mining ban. Read Full Article at RT.com
Russian ruble climbs to highest against US dollar since July 2020
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The ruble continued to strengthen against the US dollar on Friday, reaching levels last seen in July 2020. The Russian stock market MOEX also surged, hitting a record high on rising oil price prices. Read Full Article at RT.com
‘Nobody will freeze’: Russia will supply Europe with as much gas as it needs, says country’s energy committee
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Europe will get as much gas from Russia as it needs to curb energy shortages, while gas prices will inevitably stabilize, the country’s National Energy Committee head Aleksey Gospodarev told RT at the Russian Energy Week forum. Read Full Article at RT.com
Russia will set new record for natural gas output in 2021 – Novak
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Russia is on course to set a new record for natural gas production in 2021, but plans to focus on domestic supplies during the upcoming winter, Deputy Prime Minister Alexander Novak said at the Russian Energy Week forum. Read Full Article at RT.com
China crude oil imports decline between January and September
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Crude oil imports into China fell by 6.8% over the first nine months of the year, to 387 million tons, according to customs data cited by Reuters. Read Full Article at RT.com
Is China trying to reset its entire housing market in response to the Evergrande crisis? Boom Bust investigates
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Morgan Stanley has upgraded China’s property market to ‘attractive’, saying it believes policy easing in the sector looks likely to kick in. This comes amid the ongoing default fears of major Chinese developer Evergrande Group. Read Full Article at RT.
Experts warn of ‘extreme greed’ territory for bitcoin as crypto pushes toward $60,000
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The world’s top cryptocurrency continues to rise, as bitcoin price surpasses $58,000 per coin, marking a nearly 26% surge for the month to date. Experts warn, however, that the sharp increase may lead to a sell-off. Read Full Article at RT.com
Russia willing to boost gas transit through Ukraine if Kiev offers competitive conditions
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Russia is ready to increase the transit of natural gas via Ukraine if the European Union increases purchases and Kiev offers competitive transit conditions, Kremlin spokesman Dmitry Peskov told journalists on Wednesday. Read Full Article at RT.com
Boom Bust looks at Jamie Dimon’s mood swings toward bitcoin
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JPMorgan Chase’s CEO Jamie Dimon once again attacked the top cryptocurrency this week, calling bitcoin “worthless” and saying he still isn’t buying into the hype surrounding the crypto. Read Full Article at RT.com
Coal prices in China hit record highs as floods worsen supply crunch
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Power demand in China is expected to grow as the nation enters its winter heating season. The energy situation was exacerbated by floods, which have led to a dramatic surge in coal prices. Read Full Article at RT.com
China launches major audit of country’s financial system to root out corruption
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Beijing has announced a major inspection of the country’s financial regulators, insurers, bad-debt managers and its biggest state-controlled banks, the Central Commission for Discipline Inspection said in a statement. Read Full Article at RT.com
Soaring energy prices push Russian ruble to multi-month highs against dollar & euro
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The ruble has reached its strongest levels in months against the US dollar and the euro, as soaring global energy prices boost the Russian national currency. Read Full Article at RT.com
IMF board backs its managing director despite claims of bias in favor of China
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The International Monetary Fund decided to keep Kristalina Georgieva as its managing director, expressing full confidence in her leadership, despite accusations she'd altered data to favor China during her time at the World Bank. Read Full Article at RT.com
Is Facebook failing to take responsibility for its content? RT’s Boom Bust investigates
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Following a disastrous week, Facebook says it is willing to open up its algorithm to federal scrutiny to make sure it is performing as intended and not harming users. Read Full Article at RT.com
Consumers will have to get used to increasing food prices, as pandemic-shaken economies and the global energy crunch have placed an enormous burden on the world’s food producers, Kraft Heinz CEO Miguel Patricio has warned. Read Full Article at RT.com
Taliban seeks Russian assistance in reconstruction of war-torn Afghanistan
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Afghanistan’s Deputy Minister of Information and Culture Zabihullah Mujahid has expressed the hope that Russia would help rebuild the country, destroyed from decades of war. Read Full Article at RT.com
Trump blasts Biden for compromising US energy security as Washington turns to Russia & OPEC for more oil
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The US is being forced to negotiate oil supplies with Russia and the Organization of Petroleum Exporting Countries (OPEC) due to the loss of energy independence under the current administration, the former US president has said. Read Full Article at RT.com
India wants Russia to be major importer of Darjeeling tea, like it was back in the USSR
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The tea producers in India’s Darjeeling municipality would love Russia to become their key importing customer again, Darjeeling Tea Association Principal Advisor Sandeep Mukherjee told TASS. Read Full Article at RT.com
India faces a power crisis as coal stocks decline – Delhi chief minister
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The chief minister of Delhi on Saturday warned that the power crisis which has already caused electricity cuts in some eastern and northern states is about to impact the Indian capital and its 20 million citizens. Read Full Article at RT.com
