Zhukovsky cargo airport nails $150 million-worth in deals at MAKS 2021
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Zhukovsky International Airport Cargo (ZHIA-Cargo) near Moscow has signed $150 million in agreements on the sidelines of the MAKS 2021 Air Show, the cargo operator announced on Friday. Read Full Article at RT.com
RT’s Keiser Report asks whether US firms pandering to China signals end to American economic dominance
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Despite trade tensions between Washington and Beijing, major American corporations and Hollywood continue to shift to the growing Chinese market. Read Full Article at RT.com
What’s really behind the EU’s latest effort to regulate cryptocurrencies? RT’s Boom Bust wants to know
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The EU has proposed legislation forcing service providers to report cryptocurrency transactions of $1,000 or more. While officials claim the new regulations target illegal activities, the real reason behind them may be taxation. Read Full Article at RT.com
Russian ruble remains one of the world’s most undervalued currencies – Big Mac Index
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The Russian ruble is once again one of the most undervalued currencies in the world, according to the Big Mac Index, published by The Economist. Read Full Article at RT.com
Global carmaker Stellantis to produce Fiat vans in Russia
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Fiat Scudo light commercial vehicles will be produced in Russia by the end of 2022, multinational automobile manufacturer Stellantis has announced. Read Full Article at RT.com
China buys less Saudi crude as it slams the brakes on oil imports
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Saudi Arabia remained China’s single largest crude oil supplier in June, ahead of Russia, although Saudi shipments to the world’s top oil importer fell by 19% last month amid lower overall imports. Read Full Article at RT.com
Five countries interested in Russia’s state-of-the-art Su-57 fighter jet
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Russia’s state arms exporter Rosoboronexport is holding talks with five countries eager to buy the Su-57 fifth-generation multirole fighter, the agency revealed at the MAKS-2021 air show on Tuesday. Read Full Article at RT.com
Global oil prices drop below $70 as OPEC+ reaches deal on output boost
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Major global crude benchmarks Brent and WTI continued to trade below $70 per barrel on Tuesday after the Organization of the Petroleum Exporting countries (OPEC) and allies reached a deal to raise oil production. Read Full Article at RT.com
Does Microsoft have itself to blame for alleged Chinese cyberattack? RT’s Boom Bust investigates
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The US has blamed Chinese hackers for a major breach of tech giant Microsoft. Investigative journalist Ben Swann joins the program to analyze the accusations and what they mean in an age of growing cybersecurity concerns. Read Full Article at RT.com
S&P maintains Russia’s stable economic outlook despite sanctions and pandemic
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Rating agency Standard & Poors (S&P) has confirmed Russia’s foreign currency sovereign credit rating at BBB-/A-3, giving it a stable outlook. Read Full Article at RT.com
China’s crackdown on firms trading in US could kill $2 TRILLION listings market
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New regulations concerning listings of Chinese firms on foreign exchanges are likely to mean that Beijing aims to put a lid on the US IPO market altogether, market experts say. Read Full Article at RT.com
Greenland ditches oil exploration efforts after 50 years of failure
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Greenland is abandoning its ambition of 50 years of becoming an oil-producing nation, suspending its oil exploration strategy because of environmental and climate concerns. Read Full Article at RT.com
OPEC+ members agree to ramp up output by 400,000 barrels per day amid soaring oil prices
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The Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to boost oil supply starting in August, since prices have reached a three-year high as economies recover from the Covid-19 pandemic. Read Full Article at RT.com
EU court says Russia should limit gas supply to Europe
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The Court of Justice of the European Union upheld on Thursday a lower tribunal's ruling which had said that Russia's access to the OPAL gas pipeline should be limited. Read Full Article at RT.com
OPEC+ says oil demand may reach pre-pandemic level in 2022
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The Organization of the Petroleum Exporting Countries (OPEC) and allied producers project global oil demand to grow by six million barrels a day in the second half of 2021, reaching pre-pandemic levels by next year. Read Full Article at RT.com
Does global debt even matter anymore? RT’s Boom Bust investigates
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Global debt has reached its highest level since WWII as governments continue to pump money into their economies in an effort to recover from damage caused by the Covid-19 pandemic. Read Full Article at RT.com
China cheers Russia’s move away from US dollar in favor of yuan
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Beijing has welcomed Russia’s decision to cut the US currency from its National Wealth Fund and give the yuan a bigger role, China’s Foreign Ministry has announced. Read Full Article at RT.com
Oil has become the hottest commodity on Wall Street
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Crude oil has been having a great 2021 so far—a very different situation to last year’s when the pandemic devastated demand for all commodities fueling a price rout that lasted well into 2020. Read Full Article at RT.com
US sees biggest inflation surge in 30 yrs, with consumer prices rising 5.4%
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The US consumer price index jumped higher than expected in June, rising 5.4% compared to the same time last year. This marks its largest monthly gain since 2008, and the biggest surge in inflation the country has seen in 30 years. Read Full Article at RT.com
RT’s Keiser Report looks into how government ‘solutions’ to deflation may lead to hyperinflation
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Max Keiser and Stacy Herbert talk to entrepreneur Jeff Booth, author of 'The price of tomorrow,' about the consequences of government money-printing pushing inflation higher while technological advancement is driving prices down. Read Full Article at RT.com
IEA warns of tight global oil supply if OPEC fails to boost production
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Global oil markets are about to “tighten significantly” unless the Organization of Petroleum Exporting Countries (OPEC) and its allies resolve their issues and step up production, the International Energy Agency (IEA) warns. Read Full Article at RT.com
OPEC's spat isn’t even about oil – it's about what comes after oil
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The UAE took oil market watchers by surprise this month when it dug its heels in and refused to agree to an extension of the current OPEC+ production control deal under its original terms. Read Full Article at RT.com
Capital flight from Russia drops nearly 10% in first six months of year
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The net capital outflow from the Russian Federation in January-June this year totaled $28.2 billion, the Central Bank of Russia (CBR) reported on Friday. Read Full Article at RT.com
Russia raises GDP growth outlook as economy recovers faster than expected
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The Russian Ministry of Economic Development and Trade has raised its forecast for the growth of the country’s economy in 2021, despite new administrative restrictions on business activity due to the third wave of the pandemic. Read Full Article at RT.com
Twitter begins complying with new regulations in India
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Twitter Inc.’s unit in India has appointed an interim chief compliance officer and is to assign other executives in the nearest future in order to comply with the country’s new IT regulations. Read Full Article at RT.com
Are ransomware attacks becoming the new norm for global companies? RT’s Boom Bust finds out
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In the wake of the Colonial Pipeline ransomware attack, which caused gasoline shortages on the US east coast this year, global businesses are facing an increasing number of cyberattacks. Read Full Article at RT.com
Nearly a week of formal and side talks and behind-the-scenes negotiations failed to resolve a dispute over baseline production levels at OPEC+. Read Full Article at RT.com
Student mugs teacher? Cyberattack strikes bitcoin education site with hackers demanding ransom in… bitcoin
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Bitcoin.org, an educational platform for trading in bitcoin, was hit by a cyberattack on Monday, which overloaded the site with traffic and prompted it to shut down. Read Full Article at RT.com
Economic activity picks up across India as mobility levels rise
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India's economy picked up pace in June after a sharp decline in May due to the pandemic-induced lockdowns. Mobility levels rose by 24% nationwide after plunging to a 12-month low in May. Read Full Article at RT.com
What’s the problem with neoclassical economics? RT’s Keiser Report explains
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The Keiser Report looks at neoclassical economics, which bases value on a subjective satisfaction of utility, instead of the classical approach, where the value is based on the time and materials it took to create something. Read Full Article at RT.com
Oil prices surge after OPEC+ fails to reach deal to boost global crude production
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The Organization of the Petroleum Exporting Countries (OPEC) and allied producers failed to agree terms on an oil output deal once again on Monday, prompting crude prices to rise to a three-year high. Read Full Article at RT.com
Bezos steps down as Amazon CEO after 27 years as Andy Jassy officially takes over
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Jeff Bezos has officially ended his run as chief executive at Amazon, the online retailing behemoth that made him the world’s richest man, stepping aside to spend more time on his spaceship company and climate-change activism. Read Full Article at RT.com
Crypto market struggles as both bitcoin & ethereum start week in the red
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Major cryptocurrencies are down on Monday despite a slight rally over the weekend, with bitcoin trading around 3% lower at $34,231 and Ethereum losing 3% at $2,272. Read Full Article at RT.com
Covid pandemic propels record growth of Russian e-commerce
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Russian internet commerce spiked by almost 60% at the start of the Covid pandemic in 2020, rising to 3.2 trillion rubles ($44 billion), Prime Minister Mikhail Mishustin revealed at the international industrial exhibition Innoprom. Read Full Article at RT.com
China cracks down on tech firms over their collection and use of personal data
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Chinese regulators have launched a cybersecurity probe into three more US-listed tech companies, following last week’s order to remove the ride-hailing Didi app from China’s app stores, over data security risks. Read Full Article at RT.com
Crude oil exports from Venezuela inched up last month as traders rushed to sell Venezuelan crude to Chinese buyers ahead of the entry into effect of a new tax. Read Full Article at RT.com
UK’s 4th largest supermarket Morrisons agrees to £6.3bn takeover by SoftBank-owned Fortress Investment Group
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Morrisons, one of the biggest supermarket chains in the United Kingdom, has approved a multibillion-pound takeover from SoftBank’s Fortress Investment Group. Read Full Article at RT.com
Russia’s wheat exports surge over 7% during current agricultural season
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Exports of Russian wheat have amounted to 36.2 million tons since the beginning of the current agricultural year, showing an increase of 7.1% against the same period a year ago, the Russian Ministry of Agriculture reports. Read Full Article at RT.com
Jeff Bezos to step down as Amazon CEO after 27 years
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The founder of online shopping giant Amazon, Jeff Bezos, is set to officially step down on July 5 as the company’s chief executive officer. Read Full Article at RT.com
Virgin Galactic stock skyrockets as Richard Branson aims to beat Jeff Bezos into space
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Shares of Richard Branson's aerospace company Virgin Galactic soared 41% overnight on news that the billionaire will be onboard the test flight scheduled for July 11, ahead of rival Jeff Bezos and his Blue Origin group. Read Full Article at RT.com
