Dollar has political & economic problems as deep-in-debt US exploits it as leverage – Jim Rogers
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Nations across the world have to diversify more and more as Washington is using the dollar to put political and economic pressure on its rivals, according to investment guru Jim Rogers. Read Full Article at RT.com
'Garbage will never end': Russia bets on waste-to-energy plants
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Russia is advancing projects to have waste-to-energy plants produce electricity, Sergei Ivanov, Special Presidential Representative for Environmental Protection, Ecology, and Transport said at an economic forum in Russia. Read Full Article at RT.com
Global economy back in the saddle, but uneven recovery poses risks – Putin
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The world’s economy is returning to normal, Russian President Vladimir Putin said on Friday, speaking at the St. Petersburg International Economic Forum. He warned that the recovery was uneven and posed other risks, however. Read Full Article at RT.com
‘Wait till winter!’ It’s easy for EU to advocate ditching Russian gas when it's warm, energy minister says
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Russian Energy Minister Nikolay Shulginov has commented on calls within the European Union to refuse to give financial support for Novatek’s Arctic LNG 2 project, saying it is easy to do so during warmer weather. Read Full Article at RT.com
Russia’s Gazprom continues ramping up production with gas exports booming
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Russian energy giant Gazprom’s output rose significantly from January through May compared to the same period last year, the company said on Tuesday. Read Full Article at RT.com
US facing credit market CATASTROPHE even worse than in 2008, strategist tells RT’s Keiser Report
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The hosts of Keiser Report, Max and Stacy, talk to Michael Pento of Pento Portfolio Strategies about inflation, asking him whether all of the price signals are broken. Read Full Article at RT.com
China fires up 'artificial sun' at 120 MILLION DEGREES Celsius in quest for nuclear fusion – media
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Chinese media have reported that researchers working on a nuclear fusion project have succeeded in holding plasma of 120 million degrees Celsius for close to two minutes. Read Full Article at RT.com
China fires up 'artificial sun' at 120 MILLION DEGREES Celsius in quest for nuclear fusion – report
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Chinese media have reported that researchers working on a nuclear fusion project have succeeded in holding plasma of 120 million degrees Celsius for close to two minutes. Read Full Article at RT.com
The US dollar has continued to depreciate, dropping to a three-year low versus the yuan on Monday as global investors look for safer assets amid China’s economic rebound from the Covid-19 pandemic. Read Full Article at RT.com
Canada’s largest pension funds stick to lucrative oil sands bets
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Canada’s oil sands industry is too carbon-intensive for the environmental, social, and governance (ESG) targets of some of the world’s largest institutional investors. But not for Canada’s own pension funds. Read Full Article at RT.com
Chinese emissions to turn Beijing into leader of climate business boom as carbon may shapeshift into new currency
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China may soon find itself at the heart of the climate business boom, according to vice chairman and executive director of the Paulson Institute, Deborah Lehr. Read Full Article at RT.com
Russia invites Saudi Arabia to participate in hydrogen energy production
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Russian Deputy Prime Minister Alexander Novak said on Tuesday that Moscow has offered to work with Riyadh in the sphere of hydrogen energy production. Read Full Article at RT.com
Exports of Russian crude to US soared to 12-year high despite ongoing political tensions
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US daily imports of Russian oil have hit new highs, despite tough talk on a wide range of issues, including energy. In March, the nation purchased Russian crude and oil products in volumes not seen since 2009. Read Full Article at RT.com
Russia’s industrial production surges over 7% in April
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Russia’s industrial production grew by 7.2% in April compared to the same period last year. It followed a rise of 2.3% in March, according to data from the Federal Service for State Statistics (Rosstat). Read Full Article at RT.com
Russian economy to perform better than expected this year – World Bank
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The World Bank has improved its economic outlook for Russia, predicting that the country’s GDP will grow 3.2% in 2021. In March, the bank’s analysts had put Russian economic growth at 2.6% this year. Read Full Article at RT.com
RT’s Boom Bust takes a look at the latest twist in the Colonial Pipeline saga as allegations of negligence pile up
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Weeks after hackers cracked the systems of Colonial Pipeline, a new lawsuit has been filed, claiming that the company has been negligent in the resulting fuel shortages across several US states on the East Coast. Read Full Article at RT.com
‘Too much hype over environmental friendliness’: Former energy minister says Russian gas four times cleaner than American LNG
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Russian piped gas that is transferred to Europe has a carbon footprint four times smaller than the liquefied natural gas (LNG) shipped by the US, according to Russia's Deputy PM and former energy minister Alexander Novak. Read Full Article at RT.com
Russia’s foreign exchange reserves reach record $600 billion
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Russia’s gold and foreign currency holdings hit a record high of $600.9 billion after a gain of more than 1% week-over-week, according to data published by the country’s central bank. Read Full Article at RT.com
Chinese yuan strengthens against major peers as Beijing slackens reins
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The Chinese yuan pushed higher on Thursday, with the currency hitting its strongest level since March 2016 against a broad basket of peer currencies. Read Full Article at RT.com
Iran is banning electricity-sapping cryptocurrency mining until the end of September as it grapples with power blackouts amid electricity scarcity. Read Full Article at RT.com
Bezos to relinquish role as Amazon CEO on July 5, turn more attention to space business & mammoth yacht
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Jeff Bezos has announced that he will step down as Amazon's chief executive on July 5, freeing up time for his spaceship company, the Washington Post, philanthropic ventures and his nearly completed $500 million yacht. Read Full Article at RT.com
Iran has 69 million barrels of oil ready for when US sanctions end
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Iran may have some 69 million barrels of oil in floating storage waiting on tankers to travel to buyers when US sanctions on its crude oil exports are removed, estimates from E.A. Gibson Shipbrokers cited by Bloomberg show. Read Full Article at RT.com
The Chinese currency advanced to its strongest level against the US dollar in three years as global investors look for safer assets amid China’s strong economic rebound and the continuing depreciation of the dollar. Read Full Article at RT.com
India to avoid recession with economy forecast to grow despite Covid crisis
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India’s rating agency ICRA on Monday projected a 2% uptick in growth during the fourth quarter (January-March) of 2021, averting a double-dip contraction forecast by the National Statistics Office (NSO) for Q4. Read Full Article at RT.com
China cools off soaring industrial metal prices amid post-pandemic demand surge
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Industrial metals prices fell on Monday after Chinese regulators urged domestic commodity companies to maintain “normal market orders.” Global metal prices have been surging lately due to post-pandemic demand from major economies. Read Full Article at RT.
US oil & gas infrastructure crisis may be worse than thought
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The US oil and gas infrastructure crisis appears to be worse than originally thought, with the impact of the Texas storm earlier this year highlighting major problems. Read Full Article at RT.com
Crypto crash? Bitcoin loses half its value from year’s high
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Bitcoin nosedived another 13% on Sunday, dropping to around $31,227. The latest selloff left the world’s top cryptocurrency down over 50% from its mid-April peak. Read Full Article at RT.com
Fortuna pipe-laying vessel resumes work on Nord Stream 2 in German waters
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The Fortuna pipelay barge has resumed construction work on the Nord Stream 2 gas pipeline in German waters, according to the MarineTraffic global ship tracking system and Germany’s Federal Maritime and Hydrographic Agency (BSH). Read Full Article at RT.com
Global oil demand is recovering with major economies reopening amid a cautious supply approach from OPEC+ and restraint in US shale, Barclays says. Read Full Article at RT.com
Digital yuan not designed to displace US dollar, says former head of China’s Central Bank
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China’s new sovereign digital currency is not meant to replace the US dollar as an international reserve and payment currency, and is instead aimed at meeting the needs of the internet era, especially for retail payments. Read Full Article at RT.com
Long working hours killing 745,000 people a year – research
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A joint study by the World Health Organization (WHO) and the International Labour Organization (ILO) found that hundreds of thousands of people worldwide die every year as a result of long working hours. Read Full Article at RT.com
Russian govt gives go-ahead for piling of National Wealth Fund into gold bullion
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The National Wealth Fund (NWF) has received the green light to diversify assets by investing in gold as the country’s Prime Minister Mikhail Mishustin signed the relevant order on Friday. Read Full Article at RT.com
Bitcoin sees another daily crash of 10% as China vows to clamp down on mining & trading
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As Chinese financial regulators go all out after bitcoin miners and traders, the world’s number one cryptocurrency touched another low for the current month, with the price of the token slipping below $35,000. Read Full Article at RT.com
Who is at fault for causing the recent US fuel shortage? RT’s Boom Bust wants to know
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In a fresh twist to the ongoing US fuel shortage saga, executives at Colonial Pipeline may be responsible for the shutdown which led to a gasoline crisis on the US East Coast, not the hackers. Read Full Article at RT.com
Tesla looking at Russia as a potential production hub – Elon Musk
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Tesla CEO Elon Musk says the US electric carmaker is exploring opportunities for establishing a presence in Russia and opening production lines in the country. Read Full Article at RT.com
Investors can’t get enough of Russian bonds targeted by US sanctions
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The Russian Ministry of Finance has issued euro-dominated obligations worth €1.5 billion ($1.8 billion), marking the first international bond sale of 2021. Read Full Article at RT.com
Bitcoin climbs back above $42,000 after brutal cryptocurrency market selloff
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The world’s top digital asset, bitcoin, is clawing back some the losses it sustained during the previous session, amid a massive cryptocurrency market selloff. Read Full Article at RT.com
Face-saving fakery: Biden administration’s caving in by waiving sanctions on Nord Stream 2, Professor Wolff tells Boom Bust
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Washington has declined to impose sanctions on Nord Stream 2 AG, a Swiss-based subsidiary of Russia’s Gazprom that’s in charge of the construction of a natural gas pipeline from Russia to Germany. Read Full Article at RT.com
Russia to reveal prototype of its digital ruble in late 2021 – Central Bank
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The Central Bank of Russia will launch a prototype of the digital ruble, a new form of national currency, by as early as the end of the current year, the regulator has confirmed. Read Full Article at RT.com
Russia & China agree to expand joint nuclear energy project
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Russian President Vladimir Putin and his Chinese counterpart, President Xi Jinping, have officially launched the construction of new reactors at two nuclear power plants in China. Read Full Article at RT.com
