Russian banks nearly double profits in first half of 2021 – central bank
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The net profit of Russian lenders in January-July totaled 1.429 trillion rubles ($19.2 billion), which is nearly twice their earnings in the same period last year, the Central Bank of Russia reported. Read Full Article at RT.com
India’s stock market on fire despite Covid & inflation fears
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India’s benchmark S&P Bombay Stock Exchange index, Sensex, has more than doubled since last year, with record high gains in August and an equity market capitalization of around $3 trillion. Read Full Article at RT.com
Russia to pump 5.6 billion cubic meters of natural gas through Nord Stream 2 pipeline in 2021 – Gazprom
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Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic meters this year, Russia’s state-run energy giant Gazprom said in a statement on Thursday. Read Full Article at RT.com
Dirty money? OnlyFans to ditch sexually explicit content to please skittish investors
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OnlyFans, the subscription site where users pay to receive (typically nude) photos and videos, has seemingly sabotaged its own market by announcing it will no longer permit sexually explicit content on its platform. Read Full Article at RT.com
Dirty money: OnlyFans to ditch sexually explicit content to please skittish investors
newsdepo.com
OnlyFans, the subscription site where users pay to receive (typically nude) photos and videos, has seemingly sabotaged its own market by announcing it will no longer permit sexually explicit content on its platform. Read Full Article at RT.com
Kazakh president to participate in Russia’s Eastern Economic Forum
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The president of Kazakhstan, Kassym-Zhomart Tokayev, will take part in the upcoming Eastern Economic Forum (EEF) 2021, which is to kick off in Russia’s Vladivostok on September 2. Read Full Article at RT.com
Why does Tesla get away with deceptive autopilot claims? RT’s Boom Bust investigates
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Two US senators are calling on the Federal Trade Commission to investigate Tesla over the company's claims that its vehicles are self-driving, after a number of deadly crashes involving Tesla models using the autopilot function. Read Full Article at RT.com
Mastercard faces $14 BILLION class action lawsuit in Britain
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A UK court has approved an over £10 billion ($14 billion) class action suit against financial services corporation Mastercard for overcharging fees to millions of British consumers using their credit cards for payments. Read Full Article at RT.com
US looks to block Taliban from receiving IMF funds reserved for Afghanistan
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The US is considering options to block the Taliban’s access to $460 million in reserve assets which the International Monetary Fund (IMF) planned to send to Afghanistan next week. Read Full Article at RT.com
Taliban halts Afghanistan’s trade with India through Pakistan – reports
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The Taliban has blocked Indian-Afghan transit trade through Pakistan and shut down two crucial trading terminals on the border after seizing power in Afghanistan on Sunday. Read Full Article at RT.com
Washington blocks US dollar supplies to Afghanistan as Taliban takes power
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The US has reportedly suspended cash shipments headed to Afghanistan, used to bolster the country’s shaky economy, to keep it out of the hands of the Taliban, who took control over the state on Sunday. Read Full Article at RT.com
European aviation watchdog says commercial flights over Afghanistan should be suspended
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Commercial airlines should avoid flights through Afghanistan’s airspace while the country is in the grip of political turmoil after the Taliban takeover, according to the European Aviation Safety Agency (EASA). Read Full Article at RT.com
Could bitcoin have helped Afghans keep their savings? RT’s Boom Bust investigates
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Afghanistan’s currency continues to plummet as the country descends into chaos, the government flees, and the Taliban takes over. Read Full Article at RT.com
Hacker who stole $600mn from crypto platform offered job as its chief security adviser
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Blockchain platform Poly Network, which was recently hit by a $611 million crypto heist, has reportedly asked the hacker behind the attack to work as a security adviser for the company. Read Full Article at RT.com
Chinese tech stocks plummet as Beijing cracks down on online monopolies
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China’s State Administration for Market Regulation (SAMR) has issued draft rules aimed at preventing unfair competition on the internet. The news triggered a selloff in Chinese listed technology stocks in Hong Kong. Read Full Article at RT.com
How are global markets reacting to events in Afghanistan? RT’s Boom Bust finds out
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As Afghanistan sinks into chaos with the Taliban taking control following the US withdrawal, Boom Bust investigates whether there will be any impact on the global economy. Read Full Article at RT.com
Afghan currency crashes amid turmoil as central bank chief flees Kabul
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Afghanistan’s national currency, the afghani, continued to plummet on Tuesday as Taliban fighters took control over the capital city of Kabul. The head of the country’s central bank, Ajmal Ahmady, has fled the country. Read Full Article at RT.com
US looks to revoke Russia’s status as market economy
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The US Department of Commerce has initiated a probe to check whether Russia is operating as a non-market economy over claims the country subsidizes goods entering the US. Read Full Article at RT.com
US sanctions push Iran's oil output to 40-year low
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Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the US Energy Information Administration. Read Full Article at RT.com
Why is the sun never going to set on the British economy? RT’s Boom Bust would like to know
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As the UK emerged from Covid-related lockdown the economy rose 4.8% in the second quarter, after a contraction of 1.6%, recorded in the first three months of the year. Read Full Article at RT.com
Russia may ban petrol exports if domestic prices keep rising – former energy minister
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The Russian government is ready to take tough measures to keep a lid on domestic fuel prices, Deputy Prime Minister Alexander Novak said. This includes stopping exports of petrochemicals if the situation gets worse, he warned. Read Full Article at RT.com
India’s fuel demand highest since April amid easing of local Covid-19 restrictions
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Demand for fuel in India recovered in July, climbing to a three-month high as severe restrictions put in place due to the Covid-19 pandemic are gradually being eased in most states, stimulating industrial activity and mobility. Read Full Article at RT.com
Russia exported €67.4 billion ($79.5 billion) worth of goods to the countries of the European Union in the first half of 2021, ranking third on the list of EU’s largest exporting countries, statistics agency Eurostat reports. Read Full Article at RT.com
‘Russia’s oil machine’ to hit record output highs by summer 2022
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Russia may reach record-high output levels of oil by summer 2022, and may then further raise production to a peak of some 12.2 million barrels per day in 2023, Norway’s Rystad Energy consultancy predicts. Read Full Article at RT.com
Zero-emissions fable: Blue hydrogen worse for environment than natural gas – study
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Blue hydrogen, the kind that involves fossil fuels combined with carbon capture, could be worse for the environment than natural gas or even coal, a new study has suggested. Read Full Article at RT.com
US will lead global oil production boost in 2022 – IEA
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Oil-producing states outside the Organization of the Petroleum Exporting Countries (OPEC) alliance may increase global crude supply threefold next year, led by the US, according to the International Energy Agency (IEA). Read Full Article at RT.com
Samsung boss Lee released on parole after sentence for embezzling $7.5mn to bribe ex-president reduced
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Samsung Vice Chairman Lee Jae-yong has been released from prison after serving more than half of his already shortened 30-month sentence for bribing South Korea’s former president in a major corruption scandal. Read Full Article at RT.com
Samsung leader Lee released on parole after sentence for embezzling $7.5mn to bribe ex-president cut short
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Samsung Vice-Chairman Lee Jae-yong has been released from prison after serving more than half of his already reduced 30-months sentence for bribing South Korea’s former president in a major corruption scandal. Read Full Article at RT.com
RT’s Keiser Report explains why holding government bonds has become pure speculation
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Max Keiser and Stacy Herbert look how bonds have turned from an asset to a liability, as negative yields mean they no longer serve as savings for holders, but have instead become pure speculation. Read Full Article at RT.com
IEA downgrades global oil demand amid resurgence of Covid-19
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The International Energy Agency (IEA) has trimmed its outlook for global oil demand in 2021, citing the rapidly spreading Delta variant of the coronavirus and its impact on the world’s economy. Read Full Article at RT.com
China tightens regulation on online insurance amid wider fintech scrutiny
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The Chinese government has stepped up its scrutiny of domestic insurance technology platforms, ordering companies to curb improper marketing and pricing practices and increase user privacy protection. Read Full Article at RT.com
US lawmakers move to rein in ‘predatory’ behavior of Apple & Google app stores
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A bipartisan group of US lawmakers introduced a bill to curb the monopolistic policies of Apple and Google regarding their respective app stores which, they claim, hinder free competition. Read Full Article at RT.com
‘I’m not very interested in money’: Hackers return $260 million in assets stolen in biggest crypto heist ever
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Over one-third of the $613 million in cryptocurrency stolen from blockchain platform Poly Network has been returned, with the hacker saying he did it for fun following one of the largest crypto heists ever. Read Full Article at RT.com
‘I'm not very interested in money’: Hackers return $260 million in assets stolen in biggest crypto heist ever
newsdepo.com
Over one-third of the $613 million in cryptocurrency stolen from blockchain platform Poly Network has been returned to the ledger, with the hacker saying he did all for fun following one of the largest crypto heists ever. Read Full Article at RT.com
Russian trade will reach pre-pandemic levels in 2021 – Customs Service
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Russia will reach 2019 levels of trade by year’s end, which points to steady economic recovery, the country’s Federal Customs Service said on Wednesday. Read Full Article at RT.com
Hackers steal over $600 MILLION in one of the biggest crypto heists ever
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Some $611 million worth of crypto assets have been stolen by cybercriminals using the multinational blockchain platform Poly Network. Read Full Article at RT.com
Russia’s economy is showing signs of recovery, the Organization for Economic Cooperation and Development (OECD) said in its interim report, which sees most major economies also expanding, although at a slower pace. Read Full Article at RT.com
Gazprom’s revenues surge on rising natural gas prices
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Export proceeds of Russian state-run energy giant Gazprom saw an enormous increase of 73% from January to June 2021 compared to the same period a year ago, according to Russia's Federal Customs Service. Read Full Article at RT.com
Sanctimonious sanctions? RT’s Boom Bust looks into why US continues to buy Russian crude while spreading anti-Russia hysteria
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Russian oil exports to the United States have surged 23% this year, overtaking Mexico and making Russia the US’ second-biggest crude supplier after Canada. Read Full Article at RT.com
