Russia & China continue ditching US dollars in settlements in favor of national currencies
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Gazprom Neft will switch from US dollars to yuan and rubles to pay for refueling aircraft flying to or from China, the company’s CEO Alexander Dyukov told reporters on the sidelines of the Eastern Economic Forum. Read Full Article at RT.com
PM Modi announces India will help Russia turn Arctic seas into global trade route
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New Delhi is planning to assist in developing Russia’s Northern Sea Route (NSR) and turning it into an international trade artery, according to Indian Prime Minister Narendra Modi. Read Full Article at RT.com
Russia to establish tax-free zone on Kuril Islands to attract business & draw investors – Putin
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Russia will introduce unprecedented incentives for businesses aiming to invest in the Kuril Islands, including a 10-year tax exemption, President Vladimir Putin said at the plenary session of the Eastern Economic Forum on Friday. Read Full Article at RT.com
Russia’s Sakhalin to produce 100,000 tons of ‘green hydrogen’ & start exports by 2025
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Authorities in Russia’s Far Eastern Sakhalin island have unveiled plans to build hydrogen production facilities, with the goal of exporting the commodity by 2025 and reaching annual output of 100,000 tons by 2030. Read Full Article at RT.com
Putin launches new investment projects in Russia’s Far East
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Russian President Vladimir Putin has approved the launch of four new investment projects in the Far East after watching presentations about them on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok. Read Full Article at RT.com
80 MILLION tons of cargo will be shipped along Russia’s Arctic sea route by 2024 – Putin
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The volume of cargo moving through the Northern Sea Route (NSR) is expected to increase to 80 million tons in the next three years, President Vladimir Putin said at the Eastern Economic Forum on Tuesday. Read Full Article at RT.com
Russian gas supplies to Europe via new Nord Stream 2 pipeline will start this year – energy ministry
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Moscow expects gas supplies through the Nord Stream 2 pipeline to begin by the end of 2021, Minister for Energy Nikolai Shulginov told reporters on Thursday, during the first day of Russia’s Eastern Economic Forum (EEF). Read Full Article at RT.com
Russia considering joint cooperation with South Korea & Japan in hydrogen transport projects
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Russia and South Korea are considering joint projects to develop hydrogen transport, according to Deputy Minister of Industry and Trade Viktor Yevtukhov. Similar plans are also under discussion with Japan. Read Full Article at RT.com
Trade turnover between Russia’s Far East and China tops $10 billion
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The volume of trade between China and Russia’s Far East in 2020 grew 3.3% against the previous year, and totaled $10.8 billion, according to Russian Minister for the Development of the Far East and Arctic Aleksey Chekunov. Read Full Article at RT.com
Russia & Japan sign LNG supply deal at Eastern Economic Forum
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Russia and Japan have signed a statement of intent on sustainable energy cooperation between the two countries at the 6th Eastern Economic Forum (EEF) that kicked off in Russia’s Vladivostok on Thursday. Read Full Article at RT.com
Hurricane Ida may cause $18 billion in insured losses, industry experts say
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The damage caused by powerful storm surges triggered by Hurricane Ida is expected to amount to about $18 billion in insurance payments in the US and the Caribbean, according to catastrophe modeling company Karen Clark & Co. Read Full Article at RT.com
Mercedes cooperates with Swedish steelmaker to explore fossil-free steel for autos
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German carmaker Mercedes-Benz and Swedish steelmaker SSAB have announced a partnership aimed at bringing fossil-free steel into vehicle production as soon as possible. Read Full Article at RT.com
What’s the future of oil production? RT’s Boom Bust finds out ahead of OPEC+ meeting
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The Organization of the Petroleum Exporting Countries (OPEC) and its allies are set to raise oil output due to concerns over softening demand amid the latest surge in Delta variant cases and rig shutdowns in the Gulf of Mexico. Read Full Article at RT.com
PayPal to offer stock-trading platform to American users – reports
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US fintech giant PayPal is reportedly exploring the idea of launching its own platform for trading individual stocks. News that the company is setting its sights on the booming business sector sent its shares soaring. Read Full Article at RT.com
Russia looks to reward electric vehicle buyers with rebates & toll-free roads
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The Russian government has unveiled a broad program aimed at boosting electric vehicle (EV) use in the country. The ambitious plan is expected to drastically raise the share of EVs in less than a decade. Read Full Article at RT.com
OPEC+ may revise terms of output deal & cancel 400,000 bpd boost – Kuwait
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The Organization of the Petroleum Exporting Countries (OPEC) may cancel the previously agreed oil production increase of 400,000 barrels per day over the next few months, Kuwait’s oil minister revealed on Sunday. Read Full Article at RT.com
Russia could sell Nord Stream 2 to European Union-based operator to evade Brussels’ access limitations – German media
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Russia may circumvent the access and capacity limitations for Nord Stream 2 set by the updated EU Gas Directive if it sells the pipeline to a EU-based operator, the Frankfurter Allgemeine Zeitung writes, citing officials. Read Full Article at RT.com
Russia could sell Nord Stream 2 to European operator to evade EU access limitations – German media
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Russia may circumvent the access and capacity limitations for Nord Stream 2 set by the updated EU Gas Directive if it sells the pipeline to a European-based operator, the Frankfurter Allgemeine Zeitung writes, citing officials. Read Full Article at RT.com
Russia’s biggest automaker to kickstart production of electric cars in 2027
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Major Russian car manufacturer AvtoVAZ plans to launch production of its new electric Lada vehicles in 2027-2028, according to the company’s president and CEO Nicolas Maure. Read Full Article at RT.com
The electrification of homes is touted as one way to reduce greenhouse gas emissions in the residential sector as the US Administration aims for a net-zero economy by 2050. But going all-electric will not be as easy as it seems. Read Full Article at RT.com
Brussels claims Russian import ban of European products in response to EU sanctions on Moscow is illegal
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Moscow and Brussels are set to start consultations regarding the EU’s claims against the Russian import substitution policy in September, TASS reports, citing a source in the European Commission. Read Full Article at RT.com
How will rising chip prices impact consumers? RT’s Boom Bust investigates
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As the global semiconductor chip shortage drags on, the world’s largest manufacturer, Taiwan Semiconductor Manufacturing Company, has announced it is raising prices by as much as 20% to keep up with demand. Read Full Article at RT.com
Protect your wallets: China urges citizens to ‘stay away’ from cryptocurrencies
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The People's Bank of China (PBOC) has called on Chinese citizens to avoid using virtual currencies, which have not been legalized in the country and are not backed by real value. Read Full Article at RT.com
UK car production drops to lowest since 1956 due to Covid 'pingdemic' & chip shortages
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The production of cars in Britain saw a sharp drop in July, marking the worst monthly performance for the industry in 65 years, according to the Society of Motor Manufacturers and Traders (SMMT). Read Full Article at RT.com
RT’s Keiser Report looks at China’s rise amid global disorder
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Max Keiser talks to Dan Collins, a longtime resident of China, about what the Afghanistan debacle means for the world’s second-largest economy and whether Beijing will benefit from the new world disorder. Read Full Article at RT.com
India ranks 2nd in the world in cryptocurrency adoption – report
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A new study from market research firm Finder shows that Asian countries are outpacing the rest of the globe when it comes to cryptocurrency ownership. In India, the number of crypto users passed 15 million in June. Read Full Article at RT.com
India to sell $81 billion in state assets over next 4 years to boost economic growth
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India is planning to monetize $81 billion worth of state assets over the next four years to boost growth and infrastructure spending in the world’s fifth-biggest economy. Read Full Article at RT.com
EU rules block Nord Stream 2 owner from exclusive access to its own pipeline
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The Gazprom subsidiary involved in constructing the Nord Stream 2 pipeline has lost a court battle over exclusive access to the infrastructure, according to a ruling by Dusseldorf Higher Regional Court on Wednesday. Read Full Article at RT.com
Russia to reach gas & nuclear energy agreements with Hungary – Lavrov
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Russia and Hungary will come to mutually profitable deals on energy supplies and construction of the Paks 2 nuclear power plant, Russia’s foreign minister Sergey Lavrov said following talks with his Hungarian counterpart. Read Full Article at RT.com
Iran's mega gas find could become major supply source for EU
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A new natural gas find in the Iranian section of the Caspian Sea could turn the country into a major supplier to Europe, the Tehran Times reported, citing reserve estimates of the state company that made the discovery. Read Full Article at RT.com
RT’s Boom Bust asks if US sanctions can change Russia’s foreign policy once Nord Stream 2 pipeline is complete
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As Russia’s Nord Stream 2 natural gas pipeline nears completion, the Biden administration has slapped sanctions on a Russian ship and two companies involved in the project. Read Full Article at RT.com
European gas prices fall amid restored deliveries from Russia
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Russian natural gas supplies over the Yamal-Europe pipeline soared almost twofold on Monday, returning to early August figures, data from the European gas transport operator Gascade showed. Read Full Article at RT.com
Bitcoin breaks through $50,000 in major rebound after summer slump
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The world’s number one cryptocurrency, bitcoin, has topped the $50,000 mark for the first time in three months, gaining on positive news about crypto adoption. Read Full Article at RT.com
Electric vehicle charging station market to reach $100 billion in less than decade – report
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Revenues generated by the global market of Electric Vehicle Charging Stations (EVCS) are expected to grow to $93 billion by 2027, at a compound annual growth rate of nearly 20%, the latest report by Astute Analytica shows. Read Full Article at RT.com
Russia allows WTO insurers to operate in the country
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Russia has passed legislation enabling foreign insurance companies from the member states of the World Trade Organization (WTO) to create branches and carry out insurance business in the country. Read Full Article at RT.com
China considers making US-listed companies hand over data control to 3rd party firms – reports
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Beijing is considering moves to obligate domestic companies seeking US stock listings to hand over the management of their data to third-party – preferably state-backed – firms, according to media reports. Read Full Article at RT.com
Coal prices skyrocket amid rising demand & soaring gas prices
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Asian benchmark Australian thermal coal at Newcastle Port has seen an unprecedented 106% gain in prices in 2021. In stark contrast, international oil benchmark Brent crude gained only 33% this year. Read Full Article at RT.com
Top CEOs in UK make more per year than average worker gets in a lifetime – study
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The average CEO’s yearly income in the UK is 86 times that of the average full-time worker, a new study has found, even after CEO paychecks were slashed during the Covid-19 pandemic. Read Full Article at RT.com
