Russia-China trade turnover jumps almost 20% since beginning of 2021
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The volume of trade between Russia and China has reached $40.207 billion in January-April 2021. That’s 19.8% higher than it was in the same period last year, according to Chinese customs data. Read Full Article at RT.com
Russia slashes dollar & euro from reserves in favor of gold & yuan
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The Central Bank of Russia (CBR) said in its annual report that in 2020 it reduced the share of the euro, the dollar and the pound in the country's international reserves in favor of gold, yuan and other currencies. Read Full Article at RT.com
Bitcoin could easily skyrocket to $1 MILLION per token one day – CoinDesk
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The price of a bitcoin token may easily grow to $1 million over the next five years, according to CoinDesk Learn Editor Ollie Leech. Read Full Article at RT.com
With Facebook’s indefinite suspension of Trump judged ‘inappropriate,’ Boom Bust asks when the former president be allowed back on
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Facebook’s oversight board on Wednesday upheld the social platform’s ban of former US president Donald Trump but said the company was wrong to make the suspension indefinite. Read Full Article at RT.com
Bitcoin & gold are quite complimentary, investment guru tells RT’s Keiser Report
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Max Keiser continues his interview with James Turk of GoldMoney.com about bitcoin and gold to find out which asset could be considered as a hedge and why. Read Full Article at RT.com
Red metal running out? Copper may hit $20,000 amid global shortage – Bank of America
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Gradually widening supply and demand deficits may lead to a global shortage of copper, pushing the price for the metal to $20,000 per metric ton in as soon as four years, Bank of America (BoA) warns. Read Full Article at RT.com
High global demand sends Russian Urals crude oil price soaring
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Russia’s Ministry of Finance said on Wednesday that the average price for domestic Urals oil benchmark stood at $62.50 per barrel in April, which is a 340% increase in annual terms. Read Full Article at RT.com
Oil nears $70 buoyed by summer demand outlook & US inventories drop
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The price of crude continued to rise for a third day on Wednesday amid reports of a sharp drop in US stockpiles and expectations of a summer surge in fuel demand. Read Full Article at RT.com
The latest surge in the price of the world’s second biggest digital asset, ethereum, turned its co-founder Vitalik Buterin into the youngest crypto billionaire in history. Read Full Article at RT.com
As Americans think about booking a vacation, RT’s Boom Bust asks if airlines are ready for a travel surge after a slow year
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With Covid-19 cases falling, the vaccine rollout continuing apace, and restrictions gradually being lifted, millions of Americans are looking forward to traveling again. Read Full Article at RT.com
Russian energy major Gazprom significantly boosts natural gas exports
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Gazprom’s gas exports to non-CIS (Commonwealth of Independent States) countries grew by 28.3% in the first four months of 2021 year-on-year, to 68.4 billion cubic meters, the company said. Read Full Article at RT.com
Gap between rich & poor growing ‘spectacularly’ as central banks continue to print – Max Keiser
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Keiser Report hosts Max and Stacy look at how companies are starting to protect their balance sheets from the melting ice cube of excessive money printing. Read Full Article at RT.com
Another $45 BILLION needed next year to vaccinate most adults across the globe – World Health Organization
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The global COVAX program for developing and distributing coronavirus vaccines is $19 billion short of its $22 billion target this year, according to World Health Organization (WHO) head Tedros Adhanom Ghebreyesus. Read Full Article at RT.com
America’s richest boosted their fortunes by $195 billion in Biden’s first 100 days – media
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US President Joe Biden wants the wealthiest Americans to pay their fair share of taxes, but it turns out they have become one of the main beneficiaries of his presidency. Read Full Article at RT.com
Switching to renewables is another nail in US dollar’s coffin – RT’s Keiser Report
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Max Keiser and Stacy Herbert look at what the Biden administration’s push for clean energy would mean for the global dominance of the US dollar, and how the collapse of the system would affect the majority of Americans. Read Full Article at RT.com
Turkey tightens control on crypto firms after 2 exchanges collapse
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Cryptocurrency providers are now subject to terrorism-financing and money laundering laws in Turkey, a new presidential decree says. It comes amid an investigation into local platforms which abruptly halted operations in April. Read Full Article at RT.com
Investment in Russia’s Arctic LNG 2 project to total $6 BILLION this year
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Russia’s Arctic LNG 2 plant is expected to get 50% more investment this year than in 2020, said Novatek’s deputy chairman of the management board, Mark Gyetvay. Read Full Article at RT.com
Russia’s 2021 St. Petersburg Economic Forum to offer cultural program for participants
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The annual St. Petersburg International Economic Forum (SPIEF), which is set to take place on June 2-5 this year, will host a series of traditional cultural events for its guests and participants. Read Full Article at RT.com
Oil prices rally towards $70 as demand outlook improves
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Crude oil prices got a major boost this week thanks to optimistic expectations about demand from OPEC+ and rebalancing fuel inventories in the United States. Read Full Article at RT.com
Ripple plans to go public after settling lawsuit with regulators – reports
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Major cryptocurrency company Ripple has not given up on its plans to go public and could file for the listing after it settles a legal action brought against it by the US Securities and Exchange Commission (SEC). Read Full Article at RT.com
Will Europe follow China in crackdown on Big Tech monopolies? RT’s Boom Bust investigates
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European countries could be on the same page as China on Big Tech regulation, while the US still maintains loose policies, Economic Update host Professor Richard Wolff told RT’s Boom Bust. Read Full Article at RT.com
RT’s Keiser Report explores why gold & bitcoin fans are always fighting against each other
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Max Keiser continues his interview with Craig ‘Don Quixote’ Hemke of TFMetalsReport.com about the conflict between bitcoin investors and gold investors. Read Full Article at RT.com
Strong Covid recovery may propel China’s GDP growth above target level – report
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China's economic growth is projected to rebound to 8.1% this year, fueled by strong exports and a gradual recovery in household consumption, according to a report from the Asian Development Bank (ADB). Read Full Article at RT.com
US lumber prices skyrocket 250% as Covid drives home-buying demand higher
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Prices for lumber managed to grab the headlines after an unprecedented sharp increase which currently threatens housing affordability across the United States. Read Full Article at RT.com
Oil to hit $80 on largest ever demand jump – Goldman Sachs
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Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer. Read Full Article at RT.com
Is Musk turning Tesla into a cryptocurrency hedge fund? RT’s Boom Bust explores
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US electric automaker Tesla reported a net profit of $438 million for the first quarter of this year, saying that the company’s sales of bitcoin made a positive impact of $101 million. Read Full Article at RT.com
India’s economy may shrink amid soaring Covid-19 cases, analysts warn
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The latest surge of coronavirus cases in India is likely to drag down Asia's third largest economy, which has yet to recover from the pandemic-driven slowdown last year, economists say, revising earlier forecasts. Read Full Article at RT.com
Oil rises on expectations that OPEC+ may reconsider output policy
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Crude prices edged higher on Tuesday as investors await the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to decide on easing of production curbs amid the coronavirus pandemic. Read Full Article at RT.com
Bullion banks hold mining companies hostage by manipulating metal prices – RT’s Keiser Report
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Max Keiser interviews Craig Hemke of TFMetalsReport.com about the prices of gold and silver being unable to signal anything, thanks to interventions in price discovery. Read Full Article at RT.com
What is a SPAC? RT’s Boom Bust digs into the hottest trend on Wall Street
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Special-purpose acquisition companies, or SPACs, have become one of the hottest financial market trends in recent months, with billionaires, celebrities and athletes racing to create the so-called blank-check firms. Read Full Article at RT.com
India’s double-digit growth in doubt amid massive surge in Covid cases
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A record jump in Covid infections is threatening to derail India’s projected double-digit economic recovery from the pandemic-driven slowdown last year. Economists are reassessing their bullish forecasts. Read Full Article at RT.com
Ballooning commodity prices are about to hit consumers in a BIG WAY
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The prices of commodities have soared over the past 12 months, seriously affecting consumer-staple companies which, in turn, are expected to pass rising costs onto consumers. Read Full Article at RT.com
Russia plans to boost exports by around 25% this year – reports
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As global supply chains and trade recover from the pandemic, Russia is planning to expand both exports and imports in 2021 and beyond, a new forecast from the Ministry of Economic Development shows. Read Full Article at RT.com
Russia may restrict Czech imports, including BEER, amid simmering diplomatic row – media
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Russia may slap economic sanctions on the Czech Republic, possibly targeting beer imports among other measures, in response to the expulsion of Russian diplomats, the daily newspaper Kommersant reported. Read Full Article at RT.com
US may have the HIGHEST TAX on capital gains in the world if Biden’s plan comes true, investment strategist tells RT's Boom Bust
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After floating the idea to raise the corporate tax rate, US President Joe Biden now wants to increase taxes for rich investors to cover his massive infrastructure plan. Read Full Article at RT.com
Iran exports 500,000 barrels of oil per day despite US sanctions
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Iran’s crude oil exports since the start of the month have averaged around 500,000 barrels per day (bpd), according to a Reuters report that cites estimates from tanker tracking companies. Read Full Article at RT.com
The cryptocurrency market fell sharply on Friday amid concerns over new taxes that could be unveiled by US President Joe Biden, and after one of Turkey’s largest crypto exchanges went bust. Read Full Article at RT.com
PayPal eyes launching cross-border payments wallet in China
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US fintech giant PayPal plans to set up a local wallet in China, focusing on cross-border payments instead of competing with dominant domestic players, said the firm’s China CEO Hannah Qiu. Read Full Article at RT.com
Dogecoin plunges after meme-inspired crypto frenzy pushed its market value higher than Twitter
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The cryptocurrency inspired by the popular Shiba Inu meme, dogecoin, which was initially set up as a joke, took a dive after a record rally that saw its market capitalization topping $50 billion. Read Full Article at RT.com
