World’s largest cinema chain may start accepting bitcoin as payment in 2021
newsdepo.com
AMC Entertainment will reportedly start accepting bitcoin as payment for tickets and concession purchases at its US theaters, making it the first cinema chain to accept cryptocurrency as a payment option. Read Full Article at RT.com
After falling to a 2021 low in June, crude oil imports to China began to recover last month as refineries exited maintenance season. Read Full Article at RT.com
Gold slides to 5-month low as upbeat jobs data from US & firm dollar point to Fed taper
newsdepo.com
Global prices for gold abruptly dipped to their lowest in more than four months as commodity markets absorbed a strong US jobs report, boosting expectations of monetary tightening by the Fed. Read Full Article at RT.com
India’s top court greenlights antitrust investigation against Amazon & Flipkart
newsdepo.com
India’s Supreme Court has ruled that the antimonopoly probe into the business practices of Amazon and Walmart-owned Flipkart should continue, rejecting the e-commerce giants’ pleas to stop the inquiry. Read Full Article at RT.com
Oil prices dip on stronger dollar & new Covid-19 curbs in China
newsdepo.com
Global crude prices dropped nearly 2%, hitting more than two-week lows, amid rising concerns over new pandemic-related restrictions in China and a strengthening US dollar. Read Full Article at RT.com
Saudi Aramco quarterly profits nearly quadruple amid recovery in oil and chemical prices
newsdepo.com
Saudi Arabia’s state-run energy giant, Saudi Aramco, posted net profits of $25.5 billion in the second quarter, the highest since the end of 2018, as the reopening of economies prompted a surge in commodity prices. Read Full Article at RT.com
Low-income households to bear the brunt of all-electric homes
newsdepo.com
Switching from natural gas to electricity for US homes will result in higher energy bills, which will impact mostly low-income households, new research showed on Thursday. Read Full Article at RT.com
Russia’s foreign exchange reserves grow by more than $9 billion in July
newsdepo.com
Russia’s gold and foreign currency holdings grew by more than 1.5% last month and amounted to $601 billion, according to the latest data published by the country’s central bank. Read Full Article at RT.com
RT’s Boom Bust looks into privacy concerns after New York institutes vaccination passports
newsdepo.com
New York has become the first major city in the United States to require proof of vaccination for most indoor activities, including dining in restaurants, working out in a gym, or going to the movies. Read Full Article at RT.com
Europe’s carbon tax could cost Russia nearly $12 billion by 2030
newsdepo.com
The potential cost of the EU carbon tax for Russia under the European Commission’s draft carbon border tax could reach nearly $11.7 billion by 2030, experts claim. Read Full Article at RT.com
Is gold the answer to the money-printing madness? RT’s Keiser Report finds out
newsdepo.com
Since Richard Nixon took the US off the gold standard 50 years ago, the US dollar and other global peers have plunged in value as inflation continues to erode fiat currencies. Read Full Article at RT.com
Saudi Aramco hikes oil prices to Asia for second consecutive month
newsdepo.com
The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle East oil benchmarks. Read Full Article at RT.com
China’s national fitness investment plan boosts domestic sports stocks
newsdepo.com
Chinese sports stocks jumped an average of 10% after Beijing announced a plan to boost sports activities across the country and investments in national health and fitness. Read Full Article at RT.com
Russian finance ministry expects country’s economy to grow 4% this year – report
newsdepo.com
Russia’s Ministry of Finance is projecting steady GDP growth of more than 4% in 2021, while raising the outlook for inflation to more than 5%, Vedomosti newspaper reported on Wednesday, citing officials. Read Full Article at RT.com
Russian agriculture exports surge 16% this year amid huge increase in deliveries to Europe
newsdepo.com
Russia’s export of agricultural goods has increased by 16% in annual terms, reaching $16.855 billion, the country’s Agriculture Ministry reported on Wednesday. Read Full Article at RT.com
Russia wants to open its Arctic seas to international shipping
newsdepo.com
Russia needs to upgrade the Northern Sea Route to make it an international transportation corridor allowing all-season transfer of cargo through the Arctic, the first deputy prime minister says. Read Full Article at RT.com
Russia unveils agenda for Eastern Economic Forum in Vladivostok
newsdepo.com
The Eastern Economic Forum (EEF) will kick off in Vladivostok, Russia on September 2. The forum’s main goal is to boost the economic development of Russia’s Far East and international cooperation in the Asia-Pacific region. Read Full Article at RT.com
Is Covid ‘pingdemic’ causing food and gas shortages in parts of UK? RT’s Keiser Report investigates
newsdepo.com
The UK’s latest strategy to stop the spread of Covid is wreaking havoc on the country’s economy. An app pings people on their smart phones if they’ve come into contact with anyone infected, forcing them to quarantine for 10 days. Read Full Article at RT
Hydrogen is quickly gaining ground in the global energy mix, but it still has a long way to go to become the low-carbon solution it is being touted as. Read Full Article at RT.com
Will accelerated printing of fiat money result in the 15-minute recession? RT’s Keiser Report takes a look
newsdepo.com
Max Keiser and Stacy Herbert take a look at the statistics showing that the latest recession sustained by the US lasted just two months – the shortest incidence in the American history. Read Full Article at RT.com
Russia may peg tax on mining firms to global metals prices in 2022 to protect sector from price spikes
newsdepo.com
Russian authorities are mulling the idea of pegging a mineral extraction tax (MET) levied on metals producers to the global price of their products as soon as next year, according to Deputy Finance Minister Aleksey Sazanov. Read Full Article at RT.com
Analysts downgrade 2021 forecast for oil to $70 per barrel, predicting that coronavirus variants may cool demand recovery
newsdepo.com
Covid-19 variants, along with the slower-than-expected return of Iranian shipments, will reportedly continue affecting the global markets for crude until the end of the current year, remaining a major source of volatility. Read Full Article at RT.com
Chinese tech stocks suffer worst sell-off since global financial crisis as Beijing pledges to step up screening of US-listed firms
newsdepo.com
Big Chinese tech stocks listed in the US have suffered their worst month since October 2008 as the latest clampdown by China’s regulators forced investors to reassess the world’s largest stock market, triggering a major sell-off. Read Full Article at RT.c
India’s renewable industry to see $150 billion of investment by 2030
newsdepo.com
India’s renewable energy industry could see equity investments of some $150 billion by 2030, according to Gaurav Singhal, managing director at Bank of America’s Indian division. Read Full Article at RT.com
Gold on course for best weekly gains in 2 months as US Fed shows no sign of changing its loose monetary policy
newsdepo.com
Gold prices are hovering around a two-week high as of Friday, showing the biggest weekly gains in over two months as the US Federal Reserve keeps key policy rates unchanged, engendering investors' optimism about commodity markets. Read Full Article at RT.com
Russia & China expanding yuan share in mutual trade, pushing out US dollar – Chinese Ambassador to Russia
newsdepo.com
The share of the Chinese currency in trade between Russia and China has increased, as the countries boost efforts to move away from the US dollar in response to Washington's sanctions policies, according to a top Chinese diplomat. Read Full Article at RT.com
US imports from Russia surge 50% amid price rally in commodity markets
newsdepo.com
Exports of Russian commodities to the US went up one-and-a-half times in the first five months of the current year compared to the same period a year ago, according to statistics released by the US Census Bureau. Read Full Article at RT.com
Tesla makes $1 billion profit in record quarter despite parts shortages and drop in bitcoin assets value
newsdepo.com
Elon Musk’s electric car maker Tesla has nearly doubled its profits in the second quarter of 2021, making $1 billion in quarterly net income for the first time. Read Full Article at RT.com
RT’s Boom Bust looks at how the latest UK effort to stop the spread of Covid-19 could hurt economic recovery
newsdepo.com
As the UK finally reopened its economy, the National Health Service (NHS) announced it wants to force people to self-isolate if they came into contact with someone who later tested positive for Covid-19. Read Full Article at RT.com
Crypto rally deflates after Amazon denies report it will accept bitcoin as payment
newsdepo.com
Bitcoin led the cryptocurrency market decline on Tuesday after Amazon dispelled rumors claiming the online retail giant was planning to accept bitcoin as payment. Read Full Article at RT.com
Bitcoin bulls back as world’s top crypto surges towards $40,000
newsdepo.com
The world’s most popular cryptocurrency, bitcoin, jumped 15% on Monday to over $39,000, following two days of steady gains that may mean a turn towards a bullish crypto market. Read Full Article at RT.com
Russia inks deals worth over $3.5 BILLION during MAKS 2021 Air Show
newsdepo.com
Agreements worth around 265 billion rubles ($3.59 billion) were signed during Russia’s biennial MAKS 2021 international air show, which ended Sunday, exceeding the results of the previous MAKS 2019. Read Full Article at RT.com
Russia is finally embracing the electric vehicle boom
newsdepo.com
Late in the race, Russia has recently announced investments targeting electric vehicle (EV) growth in an attempt to catch up with the transition across the rest of Europe. Read Full Article at RT.com
Global central banks to boost share of Chinese yuan while reducing US dollar holdings – survey
newsdepo.com
One third of central banks worldwide will add the yuan to their reserve assets in the nearest future, prompting the rise of the Chinese currency, a global survey shows. Read Full Article at RT.com
VC firms are pouring billions of dollars into green tech
newsdepo.com
Green technology is quickly emerging as the hottest investment sector for venture capitalists, with private firms completing $7.7 billion in deals this year. Read Full Article at RT.com
The US oil and gas sector was torn apart during last year’s COVID-19 fueled market mayhem, but it appears that America’s shale patch is back on track, looking as healthy as ever. Read Full Article at RT.com
India in talks with Russia over investments in Russian oil and gas assets – sources
newsdepo.com
India is negotiating investments of between two and three billion dollars in Russian oil and gas exploration and production projects with the Russian government, the Business Standard newspaper reports, citing unnamed officials. Read Full Article at RT.com
India rejects bids by Amazon & Flipkart to quash antitrust probe
newsdepo.com
An Indian court has turned down appeals by Amazon and Walmart-owned Flipkart to call off an antitrust investigation into their business practices in the country. Read Full Article at RT.com
Boom Bust looks into why Germany will have to pay Ukraine for non-existent gas transit
newsdepo.com
Washington and Berlin have reportedly reached a deal regarding the completion of Nord Stream 2, a direct natural gas pipeline from Russia to Germany. Read Full Article at RT.com
