‘America has a very nasty oligarch problem’ – RT’s Keiser Report
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Max Keiser and Stacy Herbert talk about the Covid pandemic and all other problems crippling the US economy. There’s currently “one crisis on top of another, multiple crises all stacked up,” Max points out. Read Full Article at RT.com
Iran is planning an oil export boost once US lifts sanctions
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Iran is preparing to boost production and exports of crude oil as talks on the nuclear deal with the United States continue to progress, government officials said, as quoted by Bloomberg. Read Full Article at RT.com
Russian agricultural exports to China continue to grow despite pandemic
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Supplies of Russian agricultural products and foodstuffs (excluding fishery products) to China increased by 17.6% in the first quarter of this year, according to Russia’s trade representative to China, Alexey Dakhnovsky. Read Full Article at RT.com
Investments worth almost $25 billion inked at Silk Road expo
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A number of cooperation deals involving investments of 158.3 billion yuan ($24.6 billion) were sealed at the Fifth Silk Road International Exposition in China, Xinhua News Agency reported. Read Full Article at RT.com
Italy’s sovereign debt has reached a new all-time high of more than €2,650 trillion, according to the Bank of Italy, which reported a massive month-over-month increase of €6.9 billion in March alone. Read Full Article at RT.com
Global investor appetite for Chinese bonds continues to grow, with holdings up by $10 BILLION in April
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The total amount of yuan bonds owned by overseas institutions reached 3.22 trillion yuan (over $500 billion) as of the end of last month, according to data from China Central Depository & Clearing (CCDC). Read Full Article at RT.com
With central bank-issued digital currencies we are on the road to civilization collapse – RT’s Keiser Report
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Max Keiser interviews Aleks Svetski, the founder and CEO of crypto investment platform Amber, about central bank digital currencies and fiat communism. Read Full Article at RT.com
Crypto usage currently in kind of phase comparable to early days of cell phones – Coinbase
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The cryptocurrency industry has done a great deal in terms of adoption, products, and services since bitcoin’s launch more than a decade ago. Still, crypto usage needs to be easier and more accessible. Read Full Article at RT.com
Russia looks to retire pricey ruble bonds to ensure economic stability
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Russia’s Ministry of Finance is considering a buyback of floating-rate ruble bonds sold to boost emergency funds amid the Covid-19 pandemic, according to Deputy Finance Minister Timur Maksimov. Read Full Article at RT.com
US capital running out of gas despite Colonial Pipeline resuming operations
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Gas station outages in Washington climbed to 88% on Friday from 79% the day before, data from tracking firm GasBuddy showed. The surge comes as the country’s largest fuel pipeline system scaled up deliveries after a cyberattack. Read Full Article at RT.com
Semiconductor chip shortage expected to cost automakers $110 billion in revenues in 2021
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Global car manufacturers could lose as much as $110 billion due to the ongoing shortage of semiconductor chips, according to consulting firm AlixPartners. Read Full Article at RT.com
Going green on Elon: Tesla hit with second Solar Roof lawsuit as customer says price was more than DOUBLED after contract signed
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Elon Musk’s Tesla is facing a class action lawsuit from a customer claiming the company raised the price of his solar panels by more than $70,000 after he’d signed contracts. Read Full Article at RT.com
Will Boeing’s troubled 737 MAX ever get off the ground? RT’s Boom Bust finds out
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The Boeing 737 MAX is set to return to the skies, one month after an electrical issue forced the company to ground around 100 planes. Read Full Article at RT.com
The oil pipeline that will expand China's influence in Africa
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Egypt is a highly strategic partner in the Middle East, and the China-Iran bloc is looking to expand influence in Africa through the extension of a current oil pipeline that runs from Iraq to Jordan. Read Full Article at RT.com
US panic-buying feeds into fuel shortage, sending gasoline prices higher – analyst
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Panic-buying and fuel-hoarding after the recent outage of the Colonial Pipeline network is the cause of the US gasoline price spike, according to the chairman of Alfa Energy John Hall. Read Full Article at RT.com
Russian-born Ethereum creator Vitalik Buterin donates $1 BILLION in crypto to pandemic-hit India
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In a major philanthropy move, Ethereum co-founder Vitalik Buterin donated $1.5 billion worth of cryptocurrencies to several non-profit organizations. The giveaway includes $1 billion sent to a Covid-19 relief fund in India. Read Full Article at RT.com
Why is the US removing Xiaomi from its blacklist? RT’s Boom Bust investigates
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In a major reversal of the previous administration’s policies, the White House has announced plans to take one of China’s electronics giants off its blacklist. Read Full Article at RT.com
Oil pipeline cyberattack exposes America’s multi-trillion dollar infrastructure security crisis
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Last Friday, a cyberattack prompted the shutdown of the biggest piece of energy infrastructure in the United States, the Colonial Pipeline system that supplies almost half of the gasoline and diesel that the East Coast consumes. Read Full Article at RT.com
Russian farmers about to reap bumper grain harvest – USDA
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Russia is projected to produce 85 million tons of wheat in the next agricultural season, according to the US Department of Agriculture (USDA). That would make it one of the best harvests in post-Soviet history. Read Full Article at RT.com
Bitcoin sell-off wipes $365 BILLION from crypto market
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The world’s biggest digital asset, bitcoin, has seen a huge price plunge that resulted in $365 billion being washed out of the cryptocurrency market. Read Full Article at RT.com
US fuel shortage ‘NIGHTMARE’ a direct consequence of terrible policy decisions – analyst
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The ransomware cyberattack that paralyzed one of the US’ biggest and most vital oil hubs – the Colonial Pipeline – has resulted in fuel shortages in eight states across the US East Coast. Read Full Article at RT.com
Russia becomes net exporter of food as import phase-out begins bearing fruit – PM
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Last year, international sales of Russian agricultural produce exceeded foreign purchases, according to Prime Minister Mikhail Mishustin. Read Full Article at RT.com
Copper prices hit new high on post-pandemic recovery hopes
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Prices for copper reached record highs and are expected to keep growing as global shortages of the metal and declining inventories are heated by easing concerns over the health of the global economy. Read Full Article at RT.com
US chipmakers begging for government bailout after manufacturing moved to Asia – Max Keiser
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RT’s Keiser Report hosts Max Keiser and Stacy Herbert look at how the export of the American manufacturing base by technology companies such as Intel has created a semiconductor chip shortage in the United States. Read Full Article at RT.com
India Covid-19 crisis could seriously damage global economy
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India's latest upsurge in coronavirus cases, along with its highest daily toll of Covid-19-linked deaths, is expected not only to hamper its economic recovery but also to drag down several sectors vital for the world’s economy. Read Full Article at RT.com
Traders scramble to buy gasoline from Europe after US pipeline outage
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Commodity traders have booked at least six tankers—provisionally—to start shipping gasoline from Europe to the United States in the wake of the outage of the Colonial Pipeline network, Reuters reports, citing data from Refinitiv. Read Full Article at RT.
Ruble shrugs off latest US sanctions targeting Russian financial market
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The Russian currency is now stronger against the US dollar than it was before Washington slapped new sanctions on Moscow last month over the alleged interference in the 2020 US presidential election. Read Full Article at RT.com
Russian stock market smashes historic high on weaker dollar & rising crude
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The main ruble-denominated index on the Moscow Exchange reached the 3,700-point level for the first time ever on Monday, as global oil prices continue to climb. Read Full Article at RT.com
Chinese yuan reaches strongest level against US dollar since 2018
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China’s currency, the yuan, has nearly hit a three-year high against the US dollar. The rally comes shortly after weak US jobs data weighed on the greenback, and as China continues its strong recovery from Covid-19. Read Full Article at RT.com
Four in 10 plan to use digital currency for payments within year – Mastercard
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The latest survey carried out by credit card giant Mastercard has revealed that nearly 40% of those polled are planning to use cryptocurrencies for payments within the next year. Read Full Article at RT.com
US inflation numbers are understated, could be up to 20% – RT’s Keiser Report
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Soaring commodity and house prices are further proof that inflation is here to stay and it is much higher than the Federal Reserve wants Americans to believe, according to Max Keiser and Stacy Herbert. Read Full Article at RT.com
S&P keeps outlook for India’s sovereign rating stable despite Covid-19 risks to economic growth
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S&P Global Ratings has said that it is not going to change its outlook for India's sovereign debt. However, economic recovery may stumble as Covid-19 infections in the country continue to break records, the rating agency warns. Read Full Article at RT.com
3 kilo per person: Russians projected to eat record amount of ice cream in 2021
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“These people will never be defeated,” UK Prime Minister Winston Churchill said during his visit to Moscow in the harsh winter of 1944, according to a popular legend. Read Full Article at RT.com
Boom Bust looks at to how Facebook’s abuse of user data created market opportunities for Signal
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Internet giant Facebook and messaging app Signal have recently locked horns over an ad campaign in which the latter planned to expose how social media data collection works. Read Full Article at RT.com
At least 155 million people globally facing food crisis, with 20 million added last year – report
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The number of people facing severe food insecurity and needing urgent life and livelihood-saving assistance hit a five-year high in 2020, according to a report by the Global Network Against Food Crises (GNAFC). Read Full Article at RT.com
To the Moon: Musk’s favorite crypto dogecoin sets new record ahead of billionaire’s SNL appearance
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Dogecoin, the meme-based crypto Elon Musk won’t stop talking and tweeting about, hit a new all-time high on Saturday morning, hours before the billionaire was set to guest-host Saturday Night Live. Read Full Article at RT.com
China’s foreign exchange reserves soar to $3.2 TRILLION
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Beijing has continued to increase its foreign exchange reserves – already the world's largest – boosting them by $28.15 billion in April from a month earlier, to a total of $3.198 trillion. Read Full Article at RT.com
US job growth unexpectedly softens, falling far below expectations
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Despite bullish predictions and the recovery of the US economy, job growth slowed in April compared to a month earlier, figures released by the Labor Department show. Read Full Article at RT.com
US energy production saw steepest drop on record in 2020
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Due to economic responses to the pandemic, US energy production dropped by 5 percent last year, marking the steepest annual decline on record, the US Energy Information Administration (EIA) said on Thursday. Read Full Article at RT.com
