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World economy has entered a recession 'as bad or worse' than the global financial crisis – IMF chief

IMF chief Kristalina Georgieva said it’s “clear” that the global economy has “entered recession” due to the evolving Covid-19 pandemic, and that the organization is working on projections to assess how severe it will be. Read Full Article at RT.com
RT Business

World economy has entered a recession 'as bad or worse' than the global financial crisis – IMF chief

IMF chief Kristalina Georgieva said it’s “clear” that the global economy has “entered recession” due to the evolving Covid-19 pandemic, and that the organization is working on projections to assess how severe it will be. Read Full Article at RT.com

Great Depression 2.0? US may be headed for HIGHEST UNEMPLOYMENT EVER

The coronavirus pandemic will push the US jobless rate even higher than it was during the Great Depression if all the gloomy forecasts are true, Roger Farmer, an economist at the University of Warwick, believes. Read Full Article at RT.com
RT Business

Great Depression 2.0? US may be headed for HIGHEST UNEMPLOYMENT EVER

The coronavirus pandemic will push the US jobless rate even higher than it was during the Great Depression if all the gloomy forecasts are true, Roger Farmer, an economist at the University of Warwick, believes. Read Full Article at RT.com

Capitalizing on the sick & dying: RT’s Keiser Report explores what’s wrong with the US healthcare system

Governments across the world are taking emergency measures to curb the rapid spread of the Covid-19 pandemic. There are currently almost 500,000 cases and over 22,000 deaths worldwide. Read Full Article at RT.com
RT Business

Capitalizing on the sick & dying: RT’s Keiser Report explores what’s wrong with the US healthcare system

Governments across the world are taking emergency measures to curb the rapid spread of the Covid-19 pandemic. There are currently almost 500,000 cases and over 22,000 deaths worldwide. Read Full Article at RT.com

Global stock markets down on expectations of negative US jobs data

Global market sentiment has declined ahead of the latest US jobless claims data that is expected to show a massive spike in unemployment claims after businesses stateside shut down in an attempt to slow the spread of coronavirus. Read Full Article at RT.com
RT Business

Global stock markets down on expectations of negative US jobs data

Global market sentiment has declined ahead of the latest US jobless claims data that is expected to show a massive spike in unemployment claims after businesses stateside shut down in an attempt to slow the spread of coronavirus. Read Full Article at RT.com

Russia’s unexpected advantage in the oil price war

The global economic downturn due to coronavirus and the breakup of OPEC+ has sent the ruble tumbling, which could give Russia an unexpected advantage in the oil price war. Read Full Article at RT.com
RT Business

Russia’s unexpected advantage in the oil price war

The global economic downturn due to coronavirus and the breakup of OPEC+ has sent the ruble tumbling, which could give Russia an unexpected advantage in the oil price war. Read Full Article at RT.com

US braces for SHOCKING unemployment numbers as jobless claims could reach 4 MILLION

The number of Americans filing for unemployment benefits is set to climb to historic highs after claims in Canada crushed the previous weekly record as Covid-19 brings businesses to a standstill. Read Full Article at RT.com
RT Business

US braces for SHOCKING unemployment numbers as jobless claims could reach 4 MILLION

The number of Americans filing for unemployment benefits is set to climb to historic highs after claims in Canada crushed the previous weekly record as Covid-19 brings businesses to a standstill. Read Full Article at RT.com

US weekly unemployment claims surpass record-breaking 3 MILLION

The US Labor Department reported on Friday a record number of jobless claims which surged to 3.28 million. The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. Read Full Article at RT.com
RT Business

US weekly unemployment claims surpass record-breaking 3 MILLION

The US Labor Department reported on Friday a record number of jobless claims which surged to 3.28 million. The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982. Read Full Article at RT.com

Putin calls for 15% tax on offshore funds as part of plan to stabilize Russian economy

Russian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. They included making sure that everyone pays their fair share of taxes. Read Full Article at RT.com
RT Business

Putin calls for 15% tax on offshore funds as part of plan to stabilize Russian economy

Russian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. They included making sure that everyone pays their fair share of taxes. Read Full Article at RT.com

US stocks whipsawed after Washington reaches historic rescue deal

Wall Street was up and down on Wednesday after a historic surge in the previous session that saw the Dow Jones Industrial Average soaring more than 2,000 points in its best one-day percentage gain since 1933. Read Full Article at RT.com
RT Business

US stocks whipsawed after Washington reaches historic rescue deal

Wall Street was up and down on Wednesday after a historic surge in the previous session that saw the Dow Jones Industrial Average soaring more than 2,000 points in its best one-day percentage gain since 1933. Read Full Article at RT.com

Putin outlines plan to stabilize Russian economy, including 15% tax on offshore funds

Russian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. Read Full Article at RT.com
RT Business

Putin outlines plan to stabilize Russian economy, including 15% tax on offshore funds

Russian President Vladimir Putin outlined a range of measures on Wednesday to tackle the economic impact of the Covid-19 outbreak. Read Full Article at RT.com

Russian economy resilient to oil market shocks – Moody’s

Russia is less vulnerable to external shocks linked to turbulence in energy markets than many other oil-exporting nations, according to rating agency Moody's. Read Full Article at RT.com
RT Business

Russian economy resilient to oil market shocks – Moody’s

Russia is less vulnerable to external shocks linked to turbulence in energy markets than many other oil-exporting nations, according to rating agency Moody's. Read Full Article at RT.com

US stimulus just ‘another temporary bandage’ adding to massive amounts of debt – chief strategist tells Boom Bust

The US Senate and the White House have reached an agreement on a $2 trillion relief plan to buffer the economy as fears of a deep global recession continue to mount amid the coronavirus outbreak. Read Full Article at RT.com
RT Business

US stimulus just ‘another temporary bandage’ adding to massive amounts of debt – chief strategist tells Boom Bust

The US Senate and the White House have reached an agreement on a $2 trillion relief plan to buffer the economy as fears of a deep global recession continue to mount amid the coronavirus outbreak. Read Full Article at RT.com

European stocks rise on hopes massive US cash injection will lift global economy

Markets in Europe continued gaining on Wednesday as the US government agrees to unlock $2 trillion worth of funds to cushion the blow to the economy from the coronavirus pandemic. Read Full Article at RT.com
RT Business

European stocks rise on hopes massive US cash injection will lift global economy

Markets in Europe continued gaining on Wednesday as the US government agrees to unlock $2 trillion worth of funds to cushion the blow to the economy from the coronavirus pandemic. Read Full Article at RT.com

Boeing shuts down Washington state factories due to coronavirus threat

Operations at Boeing factories in the state of Washington were suspended on Wednesday for two weeks in order to reduce Covid-19 risks after several workers contracted the virus. Read Full Article at RT.com
RT Business

Boeing shuts down Washington state factories due to coronavirus threat

Operations at Boeing factories in the state of Washington were suspended on Wednesday for two weeks in order to reduce Covid-19 risks after several workers contracted the virus. Read Full Article at RT.com

Dow surges 11.3 percent on hope for coronavirus stimulus in biggest one-day percentage gain since 1933

The Dow Jones Industrial Average had its best one-day percentage gain in nearly 90 years, soaring 2,093 points by the time markets closed on Tuesday as investors braced for Congress to finally pass the coronavirus stimulus bill. Read Full Article at RT.com
RT Business

Dow surges 11.3 percent on hope for coronavirus stimulus in biggest one-day percentage gain since 1933

The Dow Jones Industrial Average had its best one-day percentage gain in nearly 90 years, soaring 2,093 points by the time markets closed on Tuesday as investors braced for Congress to finally pass the coronavirus stimulus bill. Read Full Article at RT.com

Fiat currencies may be gone by end of this year, Alasdair Macleod tells Keiser Report

Since the outbreak of the Covid-19 pandemic, global stock markets have been on a dizzying rollercoaster ride and, according to experts, that is likely to continue. Read Full Article at RT.com
RT Business

Fiat currencies may be gone by end of this year, Alasdair Macleod tells Keiser Report

Since the outbreak of the Covid-19 pandemic, global stock markets have been on a dizzying rollercoaster ride and, according to experts, that is likely to continue. Read Full Article at RT.com

US markets bounce back on government rescue promise & Fed vow to PRINT MORE MONEY

The main American stock indexes surged on optimism that the huge government rescue bill to save the economy from the coronavirus is close to being passed, and an unlimited stimulus promise from the Federal Reserve. Read Full Article at RT.com
RT Business

US markets bounce back on government rescue promise & Fed vow to PRINT MORE MONEY

The main American stock indexes surged on optimism that the huge government rescue bill to save the economy from the coronavirus is close to being passed, and an unlimited stimulus promise from the Federal Reserve. Read Full Article at RT.com

Covid-19 lockdown threatens to destroy 37 MILLION jobs in US

Unemployment in the United States could hit unprecedented levels in the coming weeks and months, according to recent research by the developers of the US Private Sector Job Quality Index (JQI). Read Full Article at RT.com
RT Business

Covid-19 lockdown threatens to destroy 37 MILLION jobs in US

Unemployment in the United States could hit unprecedented levels in the coming weeks and months, according to recent research by the developers of the US Private Sector Job Quality Index (JQI). Read Full Article at RT.com

Don’t just blame coronavirus for current global economic crisis – Steen Jakobsen

This is the single greatest financial crisis of our time, chief economist and the CIO of Saxo Bank Steen Jakobsen told RT. It is worse than 2008 and perhaps the biggest crisis since the Great Depression of the 1930s, he added. Read Full Article at RT.com
RT Business

Don’t just blame coronavirus for current global economic crisis – Steen Jakobsen

This is the single greatest financial crisis of our time, chief economist and the CIO of Saxo Bank Steen Jakobsen told RT. It is worse than 2008 and perhaps the biggest crisis since the Great Depression of the 1930s, he added. Read Full Article at RT.com

Oil majors are preparing for $10 oil

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Read Full Article at RT.com
RT Business

Oil majors are preparing for $10 oil

The wave of oil industry spending cuts continues, with the majors now announcing significant reductions to spending as oil remains stuck in the $20s. Read Full Article at RT.com

Global markets rebound from historic collapse amid hopes of stimulus measures

Stock markets in Europe opened higher on Tuesday, following the Asian markets’ positive reaction to the US Federal Reserve’s pledges to run an open-ended asset purchase program amid the global coronavirus outbreak. Read Full Article at RT.com
RT Business

Global markets rebound from historic collapse amid hopes of stimulus measures

Stock markets in Europe opened higher on Tuesday, following the Asian markets’ positive reaction to the US Federal Reserve’s pledges to run an open-ended asset purchase program amid the global coronavirus outbreak. Read Full Article at RT.com

Boeing suspends production at Washington state hub, citing Covid-19 outbreak

The main Boeing production facility in Everett, Washington will be closing for at least two weeks, to protect employees amid the coronavirus epidemic. Space and military programs will not be affected, the company said. Read Full Article at RT.com
RT Business

Boeing suspends production at Washington state hub, citing Covid-19 outbreak

The main Boeing production facility in Everett, Washington will be closing for at least two weeks, to protect employees amid the coronavirus epidemic. Space and military programs will not be affected, the company said. Read Full Article at RT.com

European markets tumble as global health crisis takes toll on economy

Stock markets around the world are starting the week mostly lower as the spread of the coronavirus continues to drag down the global economy, Read Full Article at RT.com
RT Business

European markets tumble as global health crisis takes toll on economy

Stock markets around the world are starting the week mostly lower as the spread of the coronavirus continues to drag down the global economy, Read Full Article at RT.com

US unemployment rate may skyrocket to 30% amid 'huge shock' to economy

The United States is expected to see an unprecedented 50 percent drop in gross domestic product in the second quarter due to coronavirus outbreak, says Federal Reserve Bank of St. Louis President James Bullard. Read Full Article at RT.com
RT Business

US unemployment rate may skyrocket to 30% amid 'huge shock' to economy

The United States is expected to see an unprecedented 50 percent drop in gross domestic product in the second quarter due to coronavirus outbreak, says Federal Reserve Bank of St. Louis President James Bullard. Read Full Article at RT.com

US in lockdown: The biggest threat to the oil industry ever?

The impact of border closures, travel restrictions, restaurant closures and more is already wreaking havoc on the US oil industry, and it is likely to get much worse. Read Full Article at RT.com
RT Business

US in lockdown: The biggest threat to the oil industry ever?

The impact of border closures, travel restrictions, restaurant closures and more is already wreaking havoc on the US oil industry, and it is likely to get much worse. Read Full Article at RT.com

US debt crisis wasn’t supposed to happen until at least 2035. Covid-19 is rapidly pushing it closer

The overall price tag of the fiscal stimulus package in the US could be around one trillion dollars. With record budget deficits and its national debt at $23 trillion, is the US hastening toward a fiscal reckoning? Read Full Article at RT.com
RT Business

US debt crisis wasn’t supposed to happen until at least 2035. Covid-19 is rapidly pushing it closer

The overall price tag of the fiscal stimulus package in the US could be around one trillion dollars. With record budget deficits and its national debt at $23 trillion, is the US hastening toward a fiscal reckoning? Read Full Article at RT.com

Russian economy can survive for a long time with oil at $20 per barrel

Despite efforts by Russia to gradually cut its reliance on oil, a lengthy energy market turmoil could be challenging for the country’s economy and could even result in a major economic crisis. Read Full Article at RT.com
RT Business

Russian economy can survive for a long time with oil at $20 per barrel

Despite efforts by Russia to gradually cut its reliance on oil, a lengthy energy market turmoil could be challenging for the country’s economy and could even result in a major economic crisis. Read Full Article at RT.com

The lesson US shale refuses to learn

In 2014, shale drillers were pushed to the brink of oblivion by low oil prices, and today with prices nearing similar levels it seems the sector has not learned its lesson. Read Full Article at RT.com
RT Business

The lesson US shale refuses to learn

In 2014, shale drillers were pushed to the brink of oblivion by low oil prices, and today with prices nearing similar levels it seems the sector has not learned its lesson. Read Full Article at RT.com

Worst week since 2008: US stocks hit hard as Covid-19 keeps hammering world of finance

Wall Street’s rollercoaster ride went on for another day, as the Dow Jones closed down 4.6 percent, erasing the modest gains made the previous day. The Covid-19 pandemic has hammered investor confidence around the world. Read Full Article at RT.com
RT Business

Worst week since 2008: US stocks hit hard as Covid-19 keeps hammering world of finance

Wall Street’s rollercoaster ride went on for another day, as the Dow Jones closed down 4.6 percent, erasing the modest gains made the previous day. The Covid-19 pandemic has hammered investor confidence around the world. Read Full Article at RT.com

European stocks surge as governments mount efforts to mitigate economic impact of coronavirus pandemic

European stock markets opened sharply higher on Friday as more central banks adopted monetary and fiscal measures to deal with the economic downturn as a result of the Covid-19 outbreak. Read Full Article at RT.com
RT Business

European stocks surge as governments mount efforts to mitigate economic impact of coronavirus pandemic

European stock markets opened sharply higher on Friday as more central banks adopted monetary and fiscal measures to deal with the economic downturn as a result of the Covid-19 outbreak. Read Full Article at RT.com

Global automakers halt production at US plants as part of virus containment effort

Toyota, Honda and Nissan will suspend operations at their plants in North America in a bid to help stop the spread of coronavirus, which has claimed the lives of more than 10,000 people worldwide and infected over 240,000. Read Full Article at RT.com
RT Business

Global automakers halt production at US plants as part of virus containment effort

Toyota, Honda and Nissan will suspend operations at their plants in North America in a bid to help stop the spread of coronavirus, which has claimed the lives of more than 10,000 people worldwide and infected over 240,000. Read Full Article at RT.com

Oil price crash not catastrophic for Russian economy — Kremlin

The current turmoil on the global oil market is not disastrous for Russia, Presidential Press Secretary Dmitry Peskov said on Friday, noting the country has a safety cushion. Read Full Article at RT.com
RT Business

Oil price crash not catastrophic for Russian economy — Kremlin

The current turmoil on the global oil market is not disastrous for Russia, Presidential Press Secretary Dmitry Peskov said on Friday, noting the country has a safety cushion. Read Full Article at RT.com

Wall Street wild ride continues ending a week of historic volatility

US stock markets swung wildly between gains and losses on Friday. The Dow Jones Industrial Average rose as much as 300 points at the start of trading, before falling into negative territory, only to rise once again. Read Full Article at RT.com
RT Business

Wall Street wild ride continues ending a week of historic volatility

US stock markets swung wildly between gains and losses on Friday. The Dow Jones Industrial Average rose as much as 300 points at the start of trading, before falling into negative territory, only to rise once again. Read Full Article at RT.com

Small gains for stocks after drastic plunge, but Bank of America declares recession

US stocks closed with moderate gains after a rollercoaster week. However, the Covid-19 coronavirus has continued to hammer investor confidence, and Bank of America smells a recession. Read Full Article at RT.com
RT Business

Small gains for stocks after drastic plunge, but Bank of America declares recession

US stocks closed with moderate gains after a rollercoaster week. However, the Covid-19 coronavirus has continued to hammer investor confidence, and Bank of America smells a recession. Read Full Article at RT.com

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