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Russia’s wealthiest lose billions due to coronavirus… but they’re still obscenely rich

Russia’s richest are $27.89 billion poorer than they were at the beginning of the year, when the coronavirus started spreading across the globe, according to Bloomberg Billionaires Index (BBI). Read Full Article at RT.com
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Russia’s wealthiest lose billions due to coronavirus… but they’re still obscenely rich

Russia’s richest are $27.89 billion poorer than they were at the beginning of the year, when the coronavirus started spreading across the globe, according to Bloomberg Billionaires Index (BBI). Read Full Article at RT.com

India seeks tighter control on imports of Chinese goods from other Asian countries

As relations between India and China worsen, New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value. Read Full Article at RT.com
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India seeks tighter control on imports of Chinese goods from other Asian countries

As relations between India and China worsen, New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value. Read Full Article at RT.com

Mass production of first Russian electric car to start by end of year

After pandemic-related delays, Russia’s first electric car, called the Zetta, is set to enter serial production in late 2020, the country’s Industry and Trade Minister Denis Manturov has revealed. Read Full Article at RT.com
RT Business

Mass production of first Russian electric car to start by end of year

After pandemic-related delays, Russia’s first electric car, called the Zetta, is set to enter serial production in late 2020, the country’s Industry and Trade Minister Denis Manturov has revealed. Read Full Article at RT.com

Apple sued by Chinese AI company for copyright infringement

China’s artificial intelligence company Shanghai Zhizhen Intelligent Network Technology, which is also known as Xiao-i, has filed a lawsuit against US tech giant Apple, alleging it has infringed on its patents. Read Full Article at RT.com
RT Business

Apple sued by Chinese AI company for copyright infringement

China’s artificial intelligence company Shanghai Zhizhen Intelligent Network Technology, which is also known as Xiao-i, has filed a lawsuit against US tech giant Apple, alleging it has infringed on its patents. Read Full Article at RT.com

Russia proposes $20 billion in new investment projects with China

Six new projects, worth $20 billion in total, may soon be added to an already long list of Russia-China joint investment initiatives, Russia’s Ministry of Economic Development has revealed. Read Full Article at RT.com
RT Business

Russia proposes $20 billion in new investment projects with China

Six new projects, worth $20 billion in total, may soon be added to an already long list of Russia-China joint investment initiatives, Russia’s Ministry of Economic Development has revealed. Read Full Article at RT.com

Central banks on ‘suicide mission’ to explode ‘nuclear monetary bomb’ – RT's Keiser Report

Max Keiser and Stacy Herbert have compared the global monetary system to the “insane nuclear technology” of the past, saying it could easily explode if some central banks continue to push forward with quantitative easing. Read Full Article at RT.com
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Central banks on ‘suicide mission’ to explode ‘nuclear monetary bomb’ – RT's Keiser Report

Max Keiser and Stacy Herbert have compared the global monetary system to the “insane nuclear technology” of the past, saying it could easily explode if some central banks continue to push forward with quantitative easing. Read Full Article at RT.com

German & French arms producers want to reduce use of US technologies in military production – report

France and Germany want to cut their technological dependence on the US – a NATO ally – and rely more on their own products when it comes to manufacturing military equipment, according to German newspaper Welt am Sonntag. Read Full Article at RT.com
RT Business

German & French arms producers want to reduce use of US technologies in military production – report

France and Germany want to cut their technological dependence on the US – a NATO ally – and rely more on their own products when it comes to manufacturing military equipment, according to German newspaper Welt am Sonntag. Read Full Article at RT.com

Coronavirus costs international tourism three times more than last financial crisis – UN

Before countries started to reopen for travelers, the tourism industry lost over a third of a trillion dollars in revenue as the pandemic brought travel to an almost complete halt, according to UN calculations. Read Full Article at RT.com
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Coronavirus costs international tourism three times more than last financial crisis – UN

Before countries started to reopen for travelers, the tourism industry lost over a third of a trillion dollars in revenue as the pandemic brought travel to an almost complete halt, according to UN calculations. Read Full Article at RT.com

Bitcoin briefly breaks past $12,000, hitting 1-year high

The price of the world’s most popular digital currency, bitcoin, has extended its rally and climbed above the psychological $12,000 mark – a level unseen since August, 2019. Read Full Article at RT.com
RT Business

Bitcoin briefly breaks past $12,000, hitting 1-year high

The price of the world’s most popular digital currency, bitcoin, has extended its rally and climbed above the psychological $12,000 mark – a level unseen since August, 2019. Read Full Article at RT.com

Microsoft & Bytedance reportedly pause TikTok talks after mixed signals from White House

The negotiations on taking control of TikTok operations in the US between Microsoft and ByteDance have reportedly stalled after US President Donald Trump said he would rather ban the popular video-sharing app. Read Full Article at RT.com
RT Business

Microsoft & Bytedance reportedly pause TikTok talks after mixed signals from White House

The negotiations on taking control of TikTok operations in the US between Microsoft and ByteDance have reportedly stalled after US President Donald Trump said he would rather ban the popular video-sharing app. Read Full Article at RT.com

Russia building new seaport to boost trade with Iran, India & Kazakhstan

A seaport with a capacity of 12.5 million tons will be constructed in Russia’s Kalmykia region, near the city of Lagan. It will connect the operating ports of Iran, India, and Kazakhstan with Russia. Read Full Article at RT.com
RT Business

Russia building new seaport to boost trade with Iran, India & Kazakhstan

A seaport with a capacity of 12.5 million tons will be constructed in Russia’s Kalmykia region, near the city of Lagan. It will connect the operating ports of Iran, India, and Kazakhstan with Russia. Read Full Article at RT.com

TikTok owners want Microsoft to take over US business in a bid to escape looming ban – report

Chinese firm ByteDance, which owns the popular short-video app, has reportedly offered to completely forgo a stake in the US business of TikTok hours before US President Donald Trump was meant to ban the service. Read Full Article at RT.com
RT Business

TikTok owners want Microsoft to take over US business in a bid to escape looming ban – report

Chinese firm ByteDance, which owns the popular short-video app, has reportedly offered to completely forgo a stake in the US business of TikTok hours before US President Donald Trump was meant to ban the service. Read Full Article at RT.com

Apple is now even BIGGER than Saudi oil behemoth Aramco

Recent market shake-ups have allowed the iPhone maker to topple Saudi Aramco, depriving the oil giant of its long-held title of the world’s most valuable company. Read Full Article at RT.com
RT Business

Apple is now even BIGGER than Saudi oil behemoth Aramco

Recent market shake-ups have allowed the iPhone maker to topple Saudi Aramco, depriving the oil giant of its long-held title of the world’s most valuable company. Read Full Article at RT.com

Elon Musk says ‘China rocks’, warns that the US may start losing due to ‘complacency’ & ‘entitlement’

While tensions between the US and China are spiraling, Tesla and SpaceX CEO Elon Musk has warned that America has become too “complacent” with its dominant position and this could lead to its demise. Read Full Article at RT.com
RT Business

Elon Musk says ‘China rocks’, warns that the US may start losing due to ‘complacency’ & ‘entitlement’

While tensions between the US and China are spiraling, Tesla and SpaceX CEO Elon Musk has warned that America has become too “complacent” with its dominant position and this could lead to its demise. Read Full Article at RT.com

Coronavirus pandemic triggers huge contraction in eurozone economy

The 19 euro-area countries experienced the biggest GDP drop on record during the height of the coronavirus pandemic. The eurozone economy shrank 12.1 percent, while the EU economy as a whole contracted 11.9 percent. Read Full Article at RT.com
RT Business

Coronavirus pandemic triggers huge contraction in eurozone economy

The 19 euro-area countries experienced the biggest GDP drop on record during the height of the coronavirus pandemic. The eurozone economy shrank 12.1 percent, while the EU economy as a whole contracted 11.9 percent. Read Full Article at RT.com

France suffers worst economic collapse on record due to Covid-19 lockdown

The French economy contracted by a record 13.8 percent in the second quarter, data from the national statistics agency INSEE has revealed, highlighting the cost of coronavirus lockdowns. Read Full Article at RT.com
RT Business

France suffers worst economic collapse on record due to Covid-19 lockdown

The French economy contracted by a record 13.8 percent in the second quarter, data from the national statistics agency INSEE has revealed, highlighting the cost of coronavirus lockdowns. Read Full Article at RT.com

Amazon posts record profits as Apple thanks stimulus aid for forecast-beating earnings, despite worst US quarter on record

Amazon and Apple have reported major quarterly gains, with Jeff Bezos' brainchild posting its biggest-ever profit and Apple seeing strong earnings, even as Covid-19 drives the US economy into its worst contraction on record. Read Full Article at RT.com
RT Business

Amazon posts record profits as Apple thanks stimulus aid for forecast-beating earnings, despite worst US quarter on record

Amazon and Apple have reported major quarterly gains, with Jeff Bezos' brainchild posting its biggest-ever profit and Apple seeing strong earnings, even as Covid-19 drives the US economy into its worst contraction on record. Read Full Article at RT.com

China’s manufacturing recovery accelerates while global economies grapple with coronavirus fallout

Chinese factory activity has beaten expectations once again, expanding for the fifth straight month and recovering at a faster pace, new data shows. Read Full Article at RT.com
RT Business

China’s manufacturing recovery accelerates while global economies grapple with coronavirus fallout

Chinese factory activity has beaten expectations once again, expanding for the fifth straight month and recovering at a faster pace, new data shows. Read Full Article at RT.com

Dollar crash will topple the entire US ‘house of cards’ economy by year end – Peter Schiff

No one seems to be worried about the falling dollar, veteran stockbroker Peter Schiff writes on Twitter, as the US currency continues to slide versus major rivals amid gold and silver record growth. Read Full Article at RT.com
RT Business

Dollar crash will topple the entire US ‘house of cards’ economy by year end – Peter Schiff

No one seems to be worried about the falling dollar, veteran stockbroker Peter Schiff writes on Twitter, as the US currency continues to slide versus major rivals amid gold and silver record growth. Read Full Article at RT.com

WORST DROP EVER for US economy as GDP crashes 33% due to Covid pandemic lockdowns

The Bureau of Economic Analysis said on Thursday that the coronavirus pandemic triggered the sharpest contraction of the US economy ever in the second quarter this year, causing a historic plunge in consumer and business activity. Read Full Article at RT.com
RT Business

WORST DROP EVER for US economy as GDP crashes 33% due to Covid pandemic lockdowns

The Bureau of Economic Analysis said on Thursday that the coronavirus pandemic triggered the sharpest contraction of the US economy ever in the second quarter this year, causing a historic plunge in consumer and business activity. Read Full Article at RT.com

Amazon posts record profits as Apple thanks stimulus spending for smash earnings, despite worst US quarter on the books

Amazon and Apple have reported major quarterly gains, with the Jeff Bezos brainchild posting its biggest-ever profit while Apple saw strong earnings, even as Covid-19 drives the US economy into its worst contraction on record. Read Full Article at RT.com
RT Business

Amazon posts record profits as Apple thanks stimulus spending for smash earnings, despite worst US quarter on the books

Amazon and Apple have reported major quarterly gains, with the Jeff Bezos brainchild posting its biggest-ever profit while Apple saw strong earnings, even as Covid-19 drives the US economy into its worst contraction on record. Read Full Article at RT.com

Eurozone unemployment rises despite lifting of coronavirus restrictions

The seasonally adjusted unemployment rate for the euro area inched higher in June, reaching 7.8 percent, as Covid-19 containment measures started being phased out in most EU member states. Read Full Article at RT.com
RT Business

Eurozone unemployment rises despite lifting of coronavirus restrictions

The seasonally adjusted unemployment rate for the euro area inched higher in June, reaching 7.8 percent, as Covid-19 containment measures started being phased out in most EU member states. Read Full Article at RT.com

Gold, silver & bitcoin are the 'THREE HORSEMEN of the APOCALYPSE' to end financial apartheid – RT’s Keiser Report

Max Keiser and Stacy Herbert discuss the US Federal Reserve’s endless money printing, particularly during the coronavirus pandemic. They look at historical gold, dollar and Fed Funds rate charts to see if they can find answers. Read Full Article at RT.com
RT Business

Gold, silver & bitcoin are the 'THREE HORSEMEN of the APOCALYPSE' to end financial apartheid – RT’s Keiser Report

Max Keiser and Stacy Herbert discuss the US Federal Reserve’s endless money printing, particularly during the coronavirus pandemic. They look at historical gold, dollar and Fed Funds rate charts to see if they can find answers. Read Full Article at RT.com

China’s Huawei is now the world’s largest smartphone maker

Huawei overtook Samsung and Apple in the second quarter of 2020 to become the biggest smartphone player in the world for the first time. Read Full Article at RT.com
RT Business

China’s Huawei is now the world’s largest smartphone maker

Huawei overtook Samsung and Apple in the second quarter of 2020 to become the biggest smartphone player in the world for the first time. Read Full Article at RT.com

Saudi Arabia books $29-BILLION deficit in Q2

Saudi Arabia booked a deficit of $29 billion for the second quarter of the year because of the continued slump in oil prices and oil demand, which affected revenues. Read Full Article at RT.com
RT Business

Saudi Arabia books $29-BILLION deficit in Q2

Saudi Arabia booked a deficit of $29 billion for the second quarter of the year because of the continued slump in oil prices and oil demand, which affected revenues. Read Full Article at RT.com

Bezos, Zuckerberg & Musk added $115 BILLION to their fortunes during pandemic

While millions of jobs are projected to be lost this year as a result of the coronavirus crisis, tech moguls have seen their fortunes skyrocket. They are getting richer even faster as the pandemic drives more activity online. Read Full Article at RT.com
RT Business

Bezos, Zuckerberg & Musk added $115 BILLION to their fortunes during pandemic

While millions of jobs are projected to be lost this year as a result of the coronavirus crisis, tech moguls have seen their fortunes skyrocket. They are getting richer even faster as the pandemic drives more activity online. Read Full Article at RT.com

Chinese banks urged to switch from SWIFT to domestic financial network amid looming US sanctions over Hong Kong

The Bank of China says the country should prepare for potential US sanctions by increasing use of its own financial messaging network for cross-border transactions on the mainland, Hong Kong and Macau. Read Full Article at RT.com
RT Business

Chinese banks urged to switch from SWIFT to domestic financial network amid looming US sanctions over Hong Kong

The Bank of China says the country should prepare for potential US sanctions by increasing use of its own financial messaging network for cross-border transactions on the mainland, Hong Kong and Macau. Read Full Article at RT.com

How India’s oil major became BIGGER than Exxon

After decades of dominance, America’s largest energy company Exxon Mobil Corp., has finally ceded its position as the world’s second most valuable energy company to India’s Reliance Industries. Read Full Article at RT.com
RT Business

How India’s oil major became BIGGER than Exxon

After decades of dominance, America’s largest energy company Exxon Mobil Corp., has finally ceded its position as the world’s second most valuable energy company to India’s Reliance Industries. Read Full Article at RT.com

Pakistan starts transit trade via new seaport connected to China’s Belt & Road

Transit trade to Afghanistan through Pakistan’s strategic Gwadar seaport began on Sunday. The port is part of the ambitious $61 billion China Pakistan Economic Corridor (CPEC) project. Read Full Article at RT.com
RT Business

Pakistan starts transit trade via new seaport connected to China’s Belt & Road

Transit trade to Afghanistan through Pakistan’s strategic Gwadar seaport began on Sunday. The port is part of the ambitious $61 billion China Pakistan Economic Corridor (CPEC) project. Read Full Article at RT.com

Gold price could skyrocket to $3,500 in two years – analyst

The price of gold hit a new all-time high this week on growing investor appetite for safe-haven assets. Experts project the epic run to continue, with gold to pass new milestone highs. Read Full Article at RT.com
RT Business

Gold price could skyrocket to $3,500 in two years – analyst

The price of gold hit a new all-time high this week on growing investor appetite for safe-haven assets. Experts project the epic run to continue, with gold to pass new milestone highs. Read Full Article at RT.com

End of fiat money era: We’re switching to gold/bitcoin standard – RT’s Keiser Report

Deutsche Bank’s top credit strategist Jim Reid has described himself as “a gold bug,” and reckons “fiat money is a passing fad in the history of money,” RT's Keiser Report recalls for the show’s viewers. Read Full Article at RT.com
RT Business

End of fiat money era: We’re switching to gold/bitcoin standard – RT’s Keiser Report

Deutsche Bank’s top credit strategist Jim Reid has described himself as “a gold bug,” and reckons “fiat money is a passing fad in the history of money,” RT's Keiser Report recalls for the show’s viewers. Read Full Article at RT.com

Russia beating United States in battle for China’s huge energy market

Some 396,000 tons of Russian liquefied natural gas (LNG) were exported to China in June, according to a Bloomberg report citing data from China’s General Administration of Customs. Read Full Article at RT.com
RT Business

Russia beating United States in battle for China’s huge energy market

Some 396,000 tons of Russian liquefied natural gas (LNG) were exported to China in June, according to a Bloomberg report citing data from China’s General Administration of Customs. Read Full Article at RT.com

This oil crisis will COMPLETELY transform the industry

Some industry experts may think that the current crisis in markets is fundamentally no different from previous ones, but in reality, the crisis forces the oil industry to change in ways no other crisis has done. Read Full Article at RT.com
RT Business

This oil crisis will COMPLETELY transform the industry

Some industry experts may think that the current crisis in markets is fundamentally no different from previous ones, but in reality, the crisis forces the oil industry to change in ways no other crisis has done. Read Full Article at RT.com

Bitcoin rockets past $10,000, logging two-month high amid global economic uncertainty

The world’s most popular cryptocurrency, bitcoin, passed its key resistance level on Monday, jumping above $10,000 per coin for the first time since early June. Read Full Article at RT.com
RT Business

Bitcoin rockets past $10,000, logging two-month high amid global economic uncertainty

The world’s most popular cryptocurrency, bitcoin, passed its key resistance level on Monday, jumping above $10,000 per coin for the first time since early June. Read Full Article at RT.com

UK economy won’t return to pre-Covid level until 2024

Britain’s economic outlook for 2020 has been downgraded to an 11.5-percent contraction by leading economic forecaster EY ITEM Club. That’s worse than the eight-percent decline forecast by the EY in June. Read Full Article at RT.com
RT Business

UK economy won’t return to pre-Covid level until 2024

Britain’s economic outlook for 2020 has been downgraded to an 11.5-percent contraction by leading economic forecaster EY ITEM Club. That’s worse than the eight-percent decline forecast by the EY in June. Read Full Article at RT.com