Russian drillers rejoice as oil continues to rally
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The Russian oil and gas industry is profiting from the significant rise in oil prices and the uptick in global demand for hydrocarbons. Read Full Article at RT.com
Bitcoin dips below $36k amid concerns of impending ‘death cross’
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The price of the world’s major cryptocurrency, bitcoin, has pulled below the crucial $36,000 support level, amid global regulatory crackdowns and environmental concerns. Read Full Article at RT.com
China ramps up investment into countries participating in the New Silk Road initiative
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China's outbound direct investment (ODI) into countries involved in the ambitious Belt and Road Initiative (BRI) has continued to increase, expanding 13.8% year-on-year in the first five months of 2021 to $7.43 billion. Read Full Article at RT.com
India's fuel demand is recovering after second Covid wave peak
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India's fuel demand jumped by 13% in the first two weeks of June, for a first monthly rise since March, suggesting that the worst of the impact of the second Covid wave has peaked and consumption is rebounding. Read Full Article at RT.com
China moving closer to launch of world’s first sovereign digital currency
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Beijing has launched a digital yuan test program, allowing consumers to spend the digital currency at multiple merchants in the city. Read Full Article at RT.com
US-China relationship headed toward new Cold War – RT’s Boom Bust
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As the US picks up its fight against Chinese 5G technology, offering incentives to combat Beijing, analysts say relations between the world’s two largest economies will only worsen under the Biden administration. Read Full Article at RT.com
Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy
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The Russian ruble has hit the strongest level against the US dollar since July 2020, as global crude oil prices are on the rise and the country continues to eliminate dollar holdings from its currency reserves. Read Full Article at RT.com
EU says it has settled 17-year dispute with US over Boeing & Airbus subsidies
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Brussels and Washington have reached a settlement over state subsidies for aircraft manufacturers. Since 2004, the EU has accused the US of providing illegal aid to Boeing, while Washington claimed Brussels was subsidizing Airbus. Read Full Article at RT.com
Dust Bowl of money: RT’s Keiser Report looks into the man-made disaster that has destroyed the global monetary system
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RT’s Keiser Report visits the Bitcoin 2021 conference in Miami to discuss current mass-migration in the US, the likes of which hasn’t been seen since the Dust Bowl of the 1930s, when farmers from the Midwest moved to California. Read Full Article at RT.co
Britain agrees broad terms of post-Brexit trade agreement with Australia – media
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The UK and Australia have reportedly agreed on the broad terms of a free trade deal as the British government seeks to expand commercial activity after leaving the European Union. Read Full Article at RT.com
The great diversifier: Bitcoin pushes above $40,000 after bullish comments by veteran investor
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The world’s most prominent virtual currency, bitcoin, has rallied above $40,000 after legendary investor Paul Tudor Jones referred to the crypto as to a portfolio diversifier. Read Full Article at RT.com
Iran says it’s reached agreement with US on lifting of Trump-era economic sanctions
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Iran’s Foreign Ministry says it has finally reached a deal with the US, meaning all the sanctions imposed on the country’s industrial sectors, including energy, will be removed. Read Full Article at RT.com
US sanctions on Russia’s sovereign debt come into force
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The ban on purchasing Russia’s sovereign debt by US investors introduced by Washington earlier this year came into force on Monday. Read Full Article at RT.com
Russia tops list of countries most affected by cryptocurrency threats – report
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The rising demand for cryptocurrencies has a direct influence on the growth of cryptocurrency threats, which started in the second half of 2020 and continued in 2021, says global leader in cybersecurity ESET. Read Full Article at RT.com
Is Canada attending G7 summit just to stand & cheerlead for US? RT’s Boom Bust wants to know
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The leaders of Canada, France, Germany, Italy, Japan, the UK and the US have convened in England to discuss some of the world’s most pressing issues. Read Full Article at RT.com
US business eager to operate in Russia, but pulled out of it by the ears – Putin
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American corporations want to work in Russia, but US policies towards Moscow prevent them from doing business and force them to make way for rivals, according to Russian President Vladimir Putin. Read Full Article at RT.com
G7 nations seek to counter China’s Silk Road projects with ambitious infrastructure plan
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The Group of Seven (G7) countries have announced plans for a major infrastructure project for developing nations in a bid to rival China’s trillion-dollar Belt and Road Initiative (BRI), also known as “One Belt, One Road.” Read Full Article at RT.com
Russia’s Alrosa sees nearly tenfold surge in diamond sales amid growing demand from India
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In May, Russia’s top gem miner, Alrosa, saw more than a ninefold year-on-year surge in sales of rough diamonds. At the same time, sales of polished diamonds increased by nearly fivefold, according to the producer. Read Full Article at RT.com
Sitting on ‘TIME BOMB’: Deutsche Bank issues grim post-pandemic warning for US economy
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Further disregarding inflation will push the global economy to a major crisis, according to the latest report issued by Deutsche Bank economists who point the finger at the US money-printing policies. Read Full Article at RT.com
China starts work on the world’s largest LNG storage unit
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China’s National Offshore Oil Corporation (CNOOC) has expanded the construction of what will be the world's largest liquefied natural gas (LNG) storage tanks in Yancheng Binhai Port Industrial Park in Jiangsu province. Read Full Article at RT.com
Personal data of 3.3 million US and Canadian Volkswagen customers stolen from vendor
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Criminals made off with the personal information of more than 3.3 million Volkswagen and Audi customers in the US and Canada, the German carmaker has revealed. The data stolen includes license numbers and Social Security numbers. Read Full Article at RT.com
Which countries are offering Covid-19 vaccine tours for travelers and why? RT’s Boom Bust explains
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Some nations around the world with a surplus of vaccines are helping foreign travelers get their coronavirus shots in a bid to help boost their economies and revive international air travel. Read Full Article at RT.com
Ditching dollars: Russia dumps $5 BILLION from its oil fund in favor of yuan & euro
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Russia sold $5 billion of US currency from its oil fund in May as part of a drive to reduce exposure to the greenback in its currency reserves and make the country less vulnerable to Western sanctions, the Finance Ministry said. Read Full Article at RT.com
China will this year overtake Japan as the world’s largest importer of liquefied natural gas, ICIS Edge, a service of market intelligence provider ICIS, said this week, as quoted by Reuters. Read Full Article at RT.com
Bitcoin mining could be part of a clean energy future, market expert tells RT’s Keiser Report
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Tyson Slocum of Public Citizen’s energy program talks about the private equity problem as capitalists buy up public utilities and the Biden administration plans to dole out billions of dollars to get them to convert to renewables. Read Full Article at RT.co
Bitcoin rallies after El Salvador adopts the crypto as legal tender
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The world’s most prominent cryptocurrency, bitcoin, surged 13% on Thursday to above $37,300 after El Salvador officially recognized it as a legal tender, becoming the first country in the world to do so. Read Full Article at RT.com
Russia’s Siberia attracts $7 BILLION in investment at St. Petersburg Economic Forum
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Russia’s Siberian Federal District has signed a range of agreements totaling almost 500 billion rubles ($6.9 billion) at the St. Petersburg Economic Forum (SPIEF), the region’s information center reported on Wednesday. Read Full Article at RT.com
RT’s Boom Bust looks at buzzy Reddit stocks as WallStreetBets retail trading mania continues
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Retail traders from Reddit have their eyes set on two new darlings – fast-food chain Wendy’s and Medicare insurance start-up Clover Health, both of which have seen big gains in recent days. Read Full Article at RT.com
How an oil pipeline hack sent bitcoin prices tumbling
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Bitcoin slid more than 10% on Tuesday as news of an FBI seizure of bitcoin funds circulated on social media, exposing a potential security breach in the world’s most “secure” form of payment. Read Full Article at RT.com
World’s largest oil company launches debut sale of dollar-denominated Islamic bonds
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Saudi Arabia’s energy giant, Saudi Aramco, has started sales of its first dollar-denominated Islamic bond as it seeks to raise cash to pay out $75 billion in dividends. Read Full Article at RT.com
Russia plans Covid vaccination travel for foreigners to revive tourism industry
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Russia is considering offering coronavirus vaccination travel packages for tourists which could help support the struggling tourism sector, the president of the Russian Union of Travel Industry (RUTI), Andrey Ignatyev, told TASS. Read Full Article at RT.com
RT’s Boom Bust explores why trade gap between US & China is so high
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China’s import numbers have surged in May while the trade deficit with the United States continues to widen, rising 13% month-on-month compared to April. Read Full Article at RT.com
Saudi Arabia & Russia warn of major oil supply crunch without new investments in fossil fuels
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The leaders of the OPEC+ group, Saudi Arabia and Russia have warned that an imminent supply crunch is inevitable if the world fails to invest enough in new oil and gas projects. Read Full Article at RT.com
Bitcoin dives almost 10% as China & US tighten noose around crypto
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The price of bitcoin dropped to its lowest in over a week on Tuesday, amid US monetary policy concerns and the continued tightening of regulation of cryptocurrencies in China. Read Full Article at RT.com
Dumping the dollar: Russia gets ready to shift currency liquidity to the euro
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Russian authorities are planning to shift the nation’s currency liquidity from the US dollar to the euro, the country’s Finance Ministry announced on Monday. Read Full Article at RT.com
China’s vast foreign reserves grow to $3.22 TRILLION
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Chinese gold and foreign currency reserves, the world’s largest, rose more than expected last month, according to official data published on Monday. Read Full Article at RT.com
Russia-China trade turnover soars nearly 25% since beginning of 2021
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Bilateral trade between Russia and China saw significant growth in the first five months of the current year, the latest data from China’s General Administration of Customs shows. Read Full Article at RT.com
Russia’s current supply of gold deposits should last for next 40 years, minister says
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At the current pace of gold production Russia has enough unmined reserves of the precious metal for many decades to come, according to the head of the Ministry of Natural Resources, Alexander Kozlov. Read Full Article at RT.com
Biden doesn’t want China to play part in setting out 21st-century rules for trade and technology
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Europe and the US should establish global rules of trade relations and technology, according to US President Joe Biden, excluding Beijing from taking part in such a process. Read Full Article at RT.com
'Shot heard 'round the world': El Salvador aims to become first nation to adopt bitcoin as LEGAL TENDER, may set global precedent
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El Salvador is taking steps to become the first sovereign nation to adopt bitcoin as legal tender, alongside the US dollar, potentially setting the stage for other nations to reduce central-bank influence over their economies. Read Full Article at RT.com
