Soaring natural gas prices could weaken EU economy, Saxo Bank warns
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The rise of natural gas prices could hurt the economic competitiveness of the European Union on a global scale, Ole Hansen, head of commodity strategy at Saxo Bank, told RIA Novosti. Read Full Article at RT.com
China cuts oil imports & ramps up purchases of natural gas
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The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says. Read Full Article at RT.com
Russian gas deliveries via Nord Stream 2 pipeline won’t start in October – Gazprom
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Supplies of natural gas to Europe via the completed Nord Stream 2 pipeline will not start on October 1, according to the CEO of Russian energy major Gazprom, Alexey Miller. Read Full Article at RT.com
Early launch of Nord Stream 2 could ‘balance’ EU gas market & stop price surge – Kremlin
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The current sharp rise in gas prices in Europe has nothing to do with Russia, but the launch of the newly constructed Nord Stream 2 pipeline may stabilize the energy market, presidential spokesman Dmitry Peskov says. Read Full Article at RT.com
China sets out to reign in country’s bloated EV industry
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China has unveiled plans to consolidate the country’s electric vehicle (EV) industry, which Beijing believes is unable to evolve as it has far too many players. Read Full Article at RT.com
Boom Bust explores why China is cracking down on its Big Tech companies
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The Chinese government is planning to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business, according to media reports. Read Full Article at RT.com
Russian ruble makes top 20 popular currencies list
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The Russian ruble has become one of the 20 most frequently used global currencies, SWIFT interbank transfer system data shows. Read Full Article at RT.com
China continues to lead global growth in the next generation of telecommunications technology with the expansion of the country’s 5G network, according to the Minister of Industry and Information Technology Xiao Yaqing. Read Full Article at RT.com
Integration with China’s financial market is Russia’s priority for next decade – Central Bank
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Russian authorities regard the integration of the Russian and Chinese financial markets as a priority, a new development strategy of Russia’s financial market states. Read Full Article at RT.com
Russian seaports see rise in freight turnover year-on-year, but liquid cargo shipments are down
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The cargo turnover of Russian seaports in January-August 2021 increased by 1.6% compared to the same period last year, amounting to 552.75 million tons, a report from the state water transport regulator reveals. Read Full Article at RT.com
Rosatom to start setting up wind power stations across Russia, its press service says
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The wind energy division of Russia’s energy giant Rosatom, NovaWind, is planning to construct wind power plants (WPPs) across Russia, TASS reported this week, citing a source in the company’s press service. Read Full Article at RT.com
Russian economy surpasses earlier estimates to reach 10.5% growth in second quarter of 2021 – Rosstat
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Russia’s statistics agency, Rosstat, has improved its estimate of the country’s GDP growth in the second quarter of 2021 to 10.5% in annual terms. Read Full Article at RT.com
Gazprom’s revenue surges 84% on booming gas exports
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The gas export proceeds of Russian energy giant Gazprom between January and July grew 1.8 times compared with the same period of the previous year and amounted to over $23 billion, according to Russia's Federal Customs Service. Read Full Article at RT.com
Exports of Russian aluminum see tenfold surge in July
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Shipments of Russian aluminum abroad saw a tenfold surge in July compared to the same period a year ago, amounting to $7.4 billion, according to data tracked by the Federal Customs Service. Read Full Article at RT.com
Food exports from Russia keep surging as Turkey and Europe ramp up purchases
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Russia’s agricultural sector has seen impressive growth in foreign sales this year, according to the latest data published by the Russian Ministry of Agriculture’s AgroExport center. Read Full Article at RT.com
Russia hikes key interest rate to 6.75% to bring inflation under control
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Russia is adhering to the controlled tightening of state monetary policy by raising the key interest rate by 25 basis points to 6.75%, the country’s central bank announced on Friday. Read Full Article at RT.com
Why is China selling oil from its state reserves? Boom Bust explores
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In an unprecedented move, China has revealed plans to publicly sell crude from its state reserves to contain prices. This is expected to “stabilize domestic market supply and effectively guarantee the country’s energy security.” Read Full Article at RT.
Completion of Nord Stream 2 gas pipeline is Russia’s ‘geopolitical victory’ – Fitch
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The construction of the Nord Stream 2 pipeline, running from Russia to Europe across the Baltic Sea, has been finished as scheduled within three years, despite political resistance from the US and a number of European countries. Read Full Article at RT.com
Bitcoin poor store of value, could collapse drastically, central bankers warn
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While the price of the world’s top cryptocurrency, bitcoin, has been seeing ups and downs lately, some global central bankers have started voicing their doubts about the utility and inherent volatility of crypto assets. Read Full Article at RT.com
Google facing another EU antitrust probe over market dominance – reports
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According to an MLex reporter’s tweet on Thursday, the European Commission (EC) is to investigate whether Google forced device manufacturers to install Google Assistant as the default voice software on Android devices. Read Full Article at RT.com
RT’s Keiser Report looks at wealth disparity in US, where the richest are the biggest tax evaders
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A new report by the US Treasury Department showed that the top 1% of American earners dodge about $163 billion in taxes every year, which makes them the biggest evaders by far. Read Full Article at RT.com
Will unrest in Guinea send Chinese investments in Africa down the drain? RT’s Boom Bust finds out
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The recent coup in Guinea, a major global supplier of the main ore used for aluminum production, sent prices for the metal skyrocketing, as military leaders in the West African nation are urging the miners to keep operating. Read Full Article at RT.com
Will you still love me to borrow? Steep rise in house prices forces New Zealanders to seek mortgage mates via dating apps
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The mounting housing crisis in New Zealand is reportedly making young Kiwis appeal to Tinder and other dating apps in search of a partner who could assist in buying property. Read Full Article at RT.com
Will you still love me to borrow? Steep rise in house prices force New Zealanders to seek mortgage mates via dating apps
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The mounting housing crisis in New Zealand is reportedly making young Kiwis appeal to Tinder and other dating apps in search of a partner who could assist in buying property. Read Full Article at RT.com
PayPal pushes into buy-now-pay-later sector by acquiring Japanese firm Paidy
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PayPal has announced it will purchase the Japanese firm Paidy for $2.7 billion, as the US fintech giant seeks to expand into the sphere of buy-now-pay-later products that witnessed a great boom thanks to the Covid-19 pandemic. Read Full Article at RT.com
Bitcoin crashes as El Salvador’s world-first adoption gets off to bumpy start
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The world’s number one digital asset, bitcoin, plummeted after El Salvador officially adopted the crypto as legal currency. The historic adoption was beset by protests on the streets and technical problems online. Read Full Article at RT.com
Why is El Salvador on course to be one of the fastest-growing economies in the world? Keiser Report explains
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El Salvador on Tuesday officially adopted bitcoin as legal currency, which will work alongside the US dollar. The nation now holds 400 bitcoins, which are worth nearly $21 million at current trading levels. Read Full Article at RT.com
Russia’s Crimea looks to African markets for agricultural trade
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Authorities in Russia’s Republic of Crimea are considering African countries as a promising market for the sale of agricultural products. Contracts have already been signed with Egypt, Libya, Sudan and Nigeria. Read Full Article at RT.com
The last pipe of Russia’s Nord Stream 2 has been welded, operator announces
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The final pipe of the Nord Stream 2 pipeline project has been welded and will be lowered into the seabed of the Baltic Sea, the operator of the Russian project, Nord Stream 2 AG, said on Monday. Read Full Article at RT.com
Moscow wants EU to justify carbon tax that could cost Russia billions by 2030 – Lavrov
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Russia is waiting for an explanation from the European Union regarding the bloc’s carbon border tax, Minister of Foreign Affairs Sergey Lavrov said on Monday. Read Full Article at RT.com
Agreements totaling $49.3 billion (3.6 trillion rubles) were signed at the 6th Eastern Economic Forum (EEF) last week, Russia’s Deputy Prime Minister Yuri Trutnev said at a conference on Monday. Read Full Article at RT.com
India is in talks with the Russian energy giant Novatek to buy a 9.9% stake in the Arctic LNG 2 project, the Interfax news agency reported on Monday citing its sources. Read Full Article at RT.com
Nord Stream 2 pipe laying to finish this week – former OMV head
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The construction of the Nord Stream 2 gas pipeline is to be completed this week, according to the former head of the project’s major investor, Austrian OMV’s Rainer Seele. Read Full Article at RT.com
Russia & China start production of jointly designed passenger aircraft – reports
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Production of the first jetliner designed by Russian and Chinese engineers has reportedly been launched in China. The wide-body airliner, the C929, is expected to rival Boeing’s 787 Dreamliner. Read Full Article at RT.com
Yuan trade settlements between Hainan & ASEAN up sevenfold in 2021
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Settlements made in Chinese currency in trade between Hainan province and the Association of Southeast Asian Nations (ASEAN) countries soared sevenfold in the first half of 2021 under a pilot program for foreign trade in yuan. Read Full Article at RT.com
Facebook, Twitter & Telegram face nearly $1 million in fines for repeated failure to delete content
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Social media giants Telegram, Facebook and Twitter are facing a fresh round of fines in Russia totaling 72 million rubles, or $988,605, for refusing to delete illegal content. Read Full Article at RT.com
Russia & India have ‘tremendous potential’ in energy cooperation – India’s energy minister
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The potential for increased cooperation between Russia and India in the energy sphere is immense, with investors in both nations looking to expand mutually beneficial projects, India’s energy minister, Hardeep Singh Puri, told RT. Read Full Article at RT.co
Russia to build new cargo port in Vladivostok to boost development of Far East
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The Russian government has signed an agreement of cooperation with several companies in the Far East to construct a new multipurpose cargo port in Vladivostok, state development firm VEB.RF has announced. Read Full Article at RT.com
Russia’s agricultural exports soar as shipments to Europe & S. Korea see wild surge
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Foreign sales of Russian agricultural produce saw a substantial year-over-year growth of 18% from January to August of the current year, the AgroExport division of the country’s Ministry of Agriculture said in its latest report. Read Full Article at RT.com
