Dow Jones and S&P 500 stock indexes tanked as trading in the US opened on Monday following an earlier sell off in European and Asian markets amid concerns the coronavirus epidemic may lead to a prolonged global economic slowdown. Read Full Article at RT.com

Dow Jones and S&P 500 stock indexes tanked as trading in the US opened on Monday following an earlier sell off in European and Asian markets amid concerns the coronavirus epidemic may lead to a prolonged global economic slowdown. Read Full Article at RT.com

Asian and European stock markets tumbled sharply on Monday after the number of confirmed coronavirus cases beyond China, including in South Korea and Italy, jumped over the weekend. Read Full Article at RT.com

Investors are rushing to buy the safe haven yellow metal after rising fears over the spread of the coronavirus epidemic triggered panic sell-offs on Asian and European markets. Read Full Article at RT.com

South Korea’s benchmark Kospi index fell almost 3.9 percent and the won tumbled to a six-month low on Monday. The drop comes after the government raised its disease alert to the highest level amid soaring coronavirus cases. Read Full Article at RT.com

The closures of plants in the epicenter of the coronavirus outbreak has cost foreign auto majors, including Honda, Nissan, General Motors and Renault, around $5.69 million in losses per day, according to Chinese state media. Read Full Article at RT.com

One of Russia’s top diamond producers, Alrosa, is poised to take the lead in the global colored-diamond market as soon as Australia’s Argyle mine – currently the largest supplier of the precious rare stones – closes. Read Full Article at RT.com

The recently signed United States-Mexico-Canada Agreement (USMCA) to replace the old NAFTA deal privileges the American economy and corporations, professor and journalist John Ackerman has told RT’s Keiser Report. Read Full Article at RT.com

Extreme weather could cause a major economic recession around the globe, but we are still underestimating those risks, new research warns. Read Full Article at RT.com

Foreign investors poured billions of dollars into the Russian economy last year, according to research from global accounting firm KPMG. Investors appreciated the country’s economic stability, it said. Read Full Article at RT.com

The International Air Transport Authority (IATA) has warned that declining travel demand amid the Covid-19 virus outbreak could cost global carriers tens of billions of dollars in lost revenue. Read Full Article at RT.com

Nicolas Maduro has declared an energy emergency in Venezuela in order to protect the nations oil and ensure energy security. Read Full Article at RT.com

The economy of Pakistan has entered a growth phase, Reza Baqir, governor of the State Bank of Pakistan (SBP), has said. He added that the economy has recently stabilized. Read Full Article at RT.com

America’s top cyber-security official has asked Britain to reconsider its decision on Huawei’s 5G access. Washington’s behavior is “absolutely paternalistic,” says Hilary Fordwich of the British-American Business Association. Read Full Article at RT.com

Russia has continued filling its coffers with gold, having added almost 7 tons of the precious metal to its reserves in January. Read Full Article at RT.com

The adoption rates of bitcoin in Latin America are skyrocketing, with the digital currency helping people “to regain their sovereignty against the conquistadors of fiat money.” Read Full Article at RT.com

Russia has continued filling its coffers with gold, having added almost 7 tons of the precious metal to its reserves in January. Read Full Article at RT.com

China's GDP growth is expected to fall from six percent last year to 5.4 percent in 2020 due to the spread of the COVID-19 virus, said the latest report by Oxford Economics. Read Full Article at RT.com

Brazil’s oil production jumped by 20.4 percent on the year to set a new production record of 3.168 million barrels per day (bpd) in January, thanks to the prolific pre-salt basin, oil regulator ANP said on Wednesday. Read Full Article at RT.com

Since the outbreak of the COVID-19 virus, the $45-billion cruise industry has come under significant pressure, with shares of ship operators falling over the last month. Analysts, however, see some positive trends coming. Read Full Article at RT.com

Saudi Arabia’s oil exports dropped by 10.75 percent year on year in 2019, according to data from the Joint Organisations Data Initiative (JODI), as carried by local news outlet Mubasher. Read Full Article at RT.com

Demonstrating confidence in China, international investors continued to invest in the country's economy. Net purchases of Chinese bonds were worth 43 billion yuan ($6.1 billion) after the Spring Festival, market data showed. Read Full Article at RT.com

Russian oil giant Rosneft’s investments and commercial activities in Venezuela are legal, says state energy firm PDVSA, pledging to provide the necessary support for the producer’s “operational and commercial continuity.” Read Full Article at RT.com

US President Donald Trump said he was skeptical a trade deal would be inked with India when he visits the country later this month, suggesting that any new pact would only come after the 2020 election – if he wins, that is. Read Full Article at RT.com

A Dutch appeals court has reinstated an international arbitration panel's ruling that Russia should pay $50 billion in compensation to ex-shareholders of the defunct Russian oil giant, Yukos, overturning a previous court decision. Read Full Article at RT.com

India is developing into an open-market economy from its previous autarchic policies, US-based think tank World Population Review concludes in a report. Read Full Article at RT.com

Wealthy travelers stuck inside or outside of China due to the deadly coronavirus outbreak have been seeking private jet operators to arrange their flights despite the huge costs. Read Full Article at RT.com

Major Russian meat producer Miratorg has announced that the first delivery of 13 tons of beef will soon be supplied to Brazil. The company says the product will be distributed among the country's hotel chains and restaurants. Read Full Article at RT.com

Chinese markets have rallied after Beijing rolled out new stimulus measures to offset the economic losses caused by the coronavirus outbreak. Read Full Article at RT.com

The Russian government will help Italian companies operating in the country to deal with losses resulting from Western sanctions, Foreign Minister Sergey Lavrov has said. Read Full Article at RT.com

The president of India’s National Association of Software and Services Companies (Nasscom), Debjani Ghosh, has accused Donald Trump’s government of discriminating against Indian workers seeking H-1B visas to work in the US. Read Full Article at RT.com

Russia’s $10 billion Nord Stream 2 pipeline - which will pump gas more than 1,200 km to Germany - has been sanctioned by Washington, with US officials claiming Moscow can’t finish the project. “Never say never,” Gazprom replied. Read Full Article at RT.com

Africa’s largest oil producer could see oil production fall by 35 percent as low oil prices and regulatory uncertainty threaten to prompt oil majors to postpone final investment decisions. Read Full Article at RT.com

Russia has put India on top of its priority list as it looks to ramp up crude exports and expand its downstream presence. Read Full Article at RT.com

Natural gas prices under $2/MMBtu have hit Appalachian shale gas drillers hard, but the longer the gas glut wears on, the deeper the problems will become. With each passing week, the shale industry reveals more financial stress. Read Full Article at RT.com