Russian economy returns to growth after pandemic-fueled downturn
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Russia’s GDP expanded 0.5% in March, data from the Ministry of Economic Development shows. It marks the first monthly growth since the coronavirus pandemic began to affect the Russian economy one year ago. Read Full Article at RT.com
As Peloton faces scrutiny over safety of its treadmills, RT’s Boom Bust looks into the firm’s potential legal liabilities
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Popular exercise equipment company Peloton came under fire from US regulators over injuries related to its Tread+ treadmill. Read Full Article at RT.com
Russia’s answer to US sanctions is to make its economy more self-sufficient – analysts
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As Washington threatens to impose more sanctions on Russia, analysts expect Moscow’s response to be the same as usual – speeding up the drive to make the nation’s economy more self-sufficient. Read Full Article at RT.com
Russia’s answer to US sanctions is to make its economy more self-sufficient
newsdepo.com
As Washington threatens to impose more sanctions on Russia, analysts expect Moscow’s response to be the same as usual – speeding up the drive to make the nation’s economy more self-sufficient. Read Full Article at RT.com
Global crude prices rise on falling inventories & weakening US dollar
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Oil prices reached one-month highs on Tuesday as the dollar fell, making commodities priced in the US currency more attractive, allowing investors to pay less for dollar-denominated oil using other currencies. Read Full Article at RT.com
Czech govt bars Russia’s Rosatom from nuclear power plant contract tender amid diplomatic row
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Russia’s nuclear energy corporation Rosatom won’t be invited for a security assessment as a bidder vying to renovate the Dukovany nuclear power plant, the Czech industry minister said, amid the diplomatic spat initiated by Prague. Read Full Article at RT.
The price of gold reached a seven-week peak on Monday as a softer dollar and lower US Treasury yields lifted the precious metal’s appeal even as the appetite for riskier assets remained strong. Read Full Article at RT.com
Oil price could rise to $74 with historic global surplus subsiding
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The oil inventory glut that amassed during the Covid-19 pandemic is almost gone, Bloomberg reported citing industry data. The tightening could further prop up crude prices, according to expert projections. Read Full Article at RT.com
China says it has no plans to oust US dollar with digital yuan
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International use of the digital yuan will not replace the US dollar as the world’s main reserve currency, according to People’s Bank of China Deputy Governor, Li Bo. Read Full Article at RT.com
Russia sees record share of cash-free transactions as it moves closer to cashless society
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The proportion of cashless payments reached a record high in the first quarter of this year, Russia’s largest lender, Sberbank, has revealed. Meanwhile, the central bank is eyeing even more cash-free transactions. Read Full Article at RT.com
Covid-19 side effect: Why have people started spending heavily on sports cards and memorabilia? RT’s Boom Bust finds out
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While the world is anxiously watching multi-million sales of pieces of digital art based in the form of Non-Fungible Tokens (NFTs) the realm of physical sports memorabilia and baseball cards is booming, fueled by the pandemic. Read Full Article at RT.com
China’s back on gold-buying spree, opens borders to $8.5 BILLION worth of shiny metal – reports
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The world’s biggest gold consumer, China, has given domestic and international banks permission to import large amounts of gold into the country, Reuters reported, citing its sources. Read Full Article at RT.com
Ant Group explores options for Jack Ma to exit, as Beijing unsheathes its sword against China’s big tech
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Fintech company Ant Group, an affiliate of the Chinese e-commerce giant Alibaba, is reportedly looking for an efficient way for its founder Jack Ma to divest his stake and give up control of the company. Read Full Article at RT.com
US production rebound will lead to new oil price war, shale executive says
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The US oil industry faces a new oil price war if shale production rebounds next year by rising 1 million bpd compared to this year, chief executive at shale giant Pioneer Natural Resources said at BloombergNEF’s annual summit. Read Full Article at RT.com
Russian internet giant Yandex mulls expanding food delivery service to TWO European capitals as Covid-19 pandemic boosts demand
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Russian internet giant Yandex says it will start delivering groceries across Paris and London by the end of the year, after the service gained massive popularity in Russia during lockdowns imposed due to the Covid-19 pandemic. Read Full Article at RT.com
Russia continues slashing foreign debt, cuts it by $8.6 BILLION since start of year
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Russia’s total external debt has fallen by 1.8% in the first quarter of the year, and was worth $459.3 billion as of April 1, data from the central bank shows. Read Full Article at RT.com
‘Barking at the Moon’: Dogecoin skyrockets 300% in a week, sparking bubble fears
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Defying all the odds, meme-based cryptocurrency Dogecoin has risen by a whopping 300% in the last seven days. It has doubled in price in the last 24 hours, adding about $19.9 billion, hitting an all-time high of $0.29 on Friday. Read Full Article at RT.com
Crazy market euphoria may wane by the end of the year – analyst to Boom Bust
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Stocks keep hitting record highs on positive economic data, but investors should still be cautious, as this quarter’s performance may turn out to be just a post-Covid anomaly, an investment analyst warns. Read Full Article at RT.com
Turkey bans use of cryptocurrencies for payments, citing possible ‘irreparable’ damages
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The Central Bank of Turkey (CBRT) has banned the use of cryptocurrencies and crypto assets to purchase goods and services, warning of significant risks in such transactions. The legislation comes into effect on April 30. Read Full Article at RT.com
China’s economy sees record growth after Covid-19 pandemic slump
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The Chinese economy has shaken off the aftermath of the coronavirus crisis, expanding at a record pace of 18.3% in the first three months of 2021 compared to a year ago. Read Full Article at RT.com
How divorced is US corporate world from real economy? RT’s Boom Bust digs into increased CEO pay amid Covid-19 misery
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The bosses of some of the largest American companies enjoyed higher compensation while millions of people were struggling to keep their jobs, a recent Wall Street Journal analysis has found. Read Full Article at RT.com
Keiser Report looks at NFTs, a multi-billion-dollar industry which is ‘OBVIOUSLY A FRAUD’
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Max Keiser and Stacy Herbert look at the easy sell of Ponzi economics as the human imagination prefers the fantasy of impossible gains to the hard slog of actually producing or manufacturing profits. Read Full Article at RT.com
Russia plans to make up to $100 BILLION from hydrogen exports – media
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Russian exports of clean hydrogen could top $100 billion by 2050 if global demand for this type of environmentally-friendly fuel rises significantly, the Energy Ministry reportedly forecasts. Read Full Article at RT.com
US facing enormous shortage of semiconductors & no government money could fix it, economist tells Boom Bust
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US President Joe Biden has signed an executive order aimed at addressing a global semiconductor chip shortage. His infrastructure plan also includes $50 billion for the American semiconductor industry. Read Full Article at RT.com
‘Baton getting handed over’: Global investors turn their back on China, start pouring more cash into US
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While China’s economy weathered the coronavirus storm much better than the rest of the world, investors are now betting more on US stock funds than Chinese ones, new research from EPFR Global reportedly shows. Read Full Article at RT.com
New day, new all-time high: Bitcoin beats its own records again, rising above $64,000
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The world’s largest cryptocurrency has continued to rally, passing the $64,000 level for the first time in history ahead of the highly anticipated stock market debut of popular trading platform Coinbase. Read Full Article at RT.com
Bitcoin soars to record high of over $63,000 ahead of impending Coinbase IPO
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The price of the world’s most popular digital asset, bitcoin, surged to a new all-time high of $63,191 on Tuesday, just a day before one of the world’s top cryptocurrency exchanges is listed on Nasdaq. Read Full Article at RT.com
Jack Ma becomes over $2 billion richer in 1 day after record Alibaba fine
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A multibillion-dollar fine slapped on Alibaba by Chinese regulators has given a huge boost to the e-commerce giant’s shares, and to the fortune of founder Jack Ma. Read Full Article at RT.com
Crackdown on cryptocurrencies may be coming, warns Kraken CEO
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Governments around the world could start clamping down on the use of bitcoin and other cryptocurrencies, according to Jesse Powell, the chief executive of the Kraken exchange. Read Full Article at RT.com
The oil reserves of international oil companies have collapsed over the last 5 years, and now the stability of the entire oil market is under threat. Read Full Article at RT.com
Russia eyes boosting its global market share of hydrogen by 20% in a decade
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Russia is planning to increase its share in the global hydrogen market by 20% by 2030, and to increase annual exports of the fuel up to 33.4 million tons by 2050, Deputy Energy Minister Pavel Sorokin said on Monday. Read Full Article at RT.com
Crypto exchange Binance launches tradable stock tokens, starts with Tesla
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Cryptocurrency exchange Binance announced on Monday the launch of ‘trade digital tokens’ that represent fully backed shares of equity stock. It said the first stock tokens will be of Tesla, the largest automaker by market cap. Read Full Article at RT.com
Post-Covid shopping frenzy: UK footfall surges 218% as Brits rush to re-opened stores & shopping centers
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The long-anticipated re-opening of non-essential retailers across the UK has triggered a double-digit weekly rise in the number of people visiting shops, shopping centers, and retail parks. Read Full Article at RT.com
IMF improves Russia’s economic growth outlook for this year
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The International Monetary Fund (IMF) has upgraded its forecast for economic growth in Russia for the second time this year, and now expects GDP to gain as much as 3.8% in 2021. Read Full Article at RT.com
The world is racing towards a greener future, and while lithium has remained center stage in this new energy transition, helium is quickly becoming a hot commodity. Read Full Article at RT.com
Fine with a fine: Alibaba accepts all-time high $2.8bn penalty from Chinese antitrust regulator
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China’s antitrust regulators have hit Alibaba Group, the world’s largest e-commerce corporation, with an 18.2 billion yuan ($2.8 billion) fine, the highest penalty of its kind on record. Read Full Article at RT.com
Why does US need a special envoy for Russia’s Nord Stream 2 gas pipeline? Boom Bust digs in
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The White House is in talks to appoint a special envoy to lead negotiations on halting the construction of Russia-to-Germany gas pipeline Nord Stream 2, Politico reported this week, citing current and former US officials. Read Full Article at RT.com
Half of Russians voice support for public use of new digital ruble – poll
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One in every two Russians, according to the latest poll, will welcome the use of the digital ruble – the new form of national currency that is currently under development by the country’s central bank. Read Full Article at RT.com
Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to US liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end of February, Reuters reports. Read Full Article at RT.com
