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Russia ramps up gold production, adding to country's huge bullion reserves

Gold output in Russia continues to grow, increasing by 9.26 percent in 2019 year-on-year, the country’s Ministry of Finance said on Monday. Read Full Article at RT.com
RT Business

Russia ramps up gold production, adding to country's huge bullion reserves

Gold output in Russia continues to grow, increasing by 9.26 percent in 2019 year-on-year, the country’s Ministry of Finance said on Monday. Read Full Article at RT.com

Europe mulls slapping US Big Tech with digital tax to help finance economic recovery from Covid-19

Tech giants like Google, Facebook and Amazon could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the Covid-19 crisis, CNBC has reported, citing its sources. Read Full Article at RT.com
RT Business

Europe mulls slapping US Big Tech with digital tax to help finance economic recovery from Covid-19

Tech giants like Google, Facebook and Amazon could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the Covid-19 crisis, CNBC has reported, citing its sources. Read Full Article at RT.com

India steps up efforts to lure companies moving out of China

Top policymakers in India have started discussions on a framework that will attract global investors looking to shift manufacturing to the South Asian country, a senior government official told The Economic Times. Read Full Article at RT.com
RT Business

India steps up efforts to lure companies moving out of China

Top policymakers in India have started discussions on a framework that will attract global investors looking to shift manufacturing to the South Asian country, a senior government official told The Economic Times. Read Full Article at RT.com

COVID crisis could UNIFY world’s largest oil companies

Giant M&A deals are in the making following the oil price crisis, but the market may not see the typical kind of merger. Read Full Article at RT.com
RT Business

COVID crisis could UNIFY world’s largest oil companies

Giant M&A deals are in the making following the oil price crisis, but the market may not see the typical kind of merger. Read Full Article at RT.com

US tech giants still doing business with blacklisted Chinese companies, research firm claims

American behemoths such as Google, Amazon and Microsoft are providing web services to Chinese companies included in the infamous US Entity List, according to UK-based tech research firm Top10VPN. Read Full Article at RT.com
RT Business

US tech giants still doing business with blacklisted Chinese companies, research firm claims

American behemoths such as Google, Amazon and Microsoft are providing web services to Chinese companies included in the infamous US Entity List, according to UK-based tech research firm Top10VPN. Read Full Article at RT.com

US needs more production instead of dollar-printing, market analyst tells Keiser Report

When a country, namely the US, can print trillions of dollars to keep its economy afloat, but is struggling to produce basic medical gear during a pandemic, it raises serious questions about its economic basis. Read Full Article at RT.com
RT Business

US needs more production instead of dollar-printing, market analyst tells Keiser Report

When a country, namely the US, can print trillions of dollars to keep its economy afloat, but is struggling to produce basic medical gear during a pandemic, it raises serious questions about its economic basis. Read Full Article at RT.com

World’s ONLY floating nuclear power plant project goes fully operational in Russia (PHOTOS, VIDEO)

A one-of-a-kind floating nuclear power plant, designed and built by Russia, has become the most northerly nuclear facility in the world, as it begins commercial operations in a remote region in the Arctic. Read Full Article at RT.com
RT Business

World’s ONLY floating nuclear power plant project goes fully operational in Russia (PHOTOS, VIDEO)

A one-of-a-kind floating nuclear power plant, designed and built by Russia, has become the most northerly nuclear facility in the world, as it begins commercial operations in a remote region in the Arctic. Read Full Article at RT.com

Car rental giant & pioneer Hertz files for bankruptcy protection as Covid-19 dries up businesses

Hertz, one of the world’s largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand. Read Full Article at RT.com
RT Business

Car rental giant & pioneer Hertz files for bankruptcy protection as Covid-19 dries up businesses

Hertz, one of the world’s largest vehicle-rental companies, has sought bankruptcy protection after business nosedived as a result of the Covid-19 pandemic severely impacting demand. Read Full Article at RT.com

China vows to stick to trade deal with US despite rising conflict

Beijing has reiterated its commitment to the trade agreement with the US despite aggressive rhetoric from Washington over the devastating economic impact of the coronavirus crisis. Read Full Article at RT.com
RT Business

China vows to stick to trade deal with US despite rising conflict

Beijing has reiterated its commitment to the trade agreement with the US despite aggressive rhetoric from Washington over the devastating economic impact of the coronavirus crisis. Read Full Article at RT.com

US billionaire wealth skyrockets to over $3 TRILLION during pandemic

Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period of coronavirus pandemic. Read Full Article at RT.com
RT Business

US billionaire wealth skyrockets to over $3 TRILLION during pandemic

Over the last two months unemployment in the United States has risen to levels not seen since the Great Depression. However, US billionaires got even richer during the same period of coronavirus pandemic. Read Full Article at RT.com

Sinking alliance? Coronavirus puts Renault’s existence in question & threatens 20,000 jobs at Nissan

The Renault-Nissan automaking alliance has taken a huge hit due to the Covid-19 pandemic. French carmaker Renault may not survive without government aid, and its Japanese partner faces massive job cuts to stay afloat. Read Full Article at RT.com
RT Business

Sinking alliance? Coronavirus puts Renault’s existence in question & threatens 20,000 jobs at Nissan

The Renault-Nissan automaking alliance has taken a huge hit due to the Covid-19 pandemic. French carmaker Renault may not survive without government aid, and its Japanese partner faces massive job cuts to stay afloat. Read Full Article at RT.com

US economy won’t recover soon & Federal Reserve ‘should go out of business,’ Ron Paul tells Boom Bust

The US Federal Reserve has said it plans to maintain low interest rates for the foreseeable future until it is confident the economy has weathered the consequences of Covid-19 and is in the process of recovery. Read Full Article at RT.com
RT Business

US economy won’t recover soon & Federal Reserve ‘should go out of business,’ Ron Paul tells Boom Bust

The US Federal Reserve has said it plans to maintain low interest rates for the foreseeable future until it is confident the economy has weathered the consequences of Covid-19 and is in the process of recovery. Read Full Article at RT.com

Oil rises to 2-month high as US inventory drawdown signals possible market rebalancing

Major global crude benchmarks Brent and West Texas Intermediate (WTI) continued their bullish run on Thursday, trading at their highest since March as a drop in US crude inventories eased worries over supply glut. Read Full Article at RT.com
RT Business

Oil rises to 2-month high as US inventory drawdown signals possible market rebalancing

Major global crude benchmarks Brent and West Texas Intermediate (WTI) continued their bullish run on Thursday, trading at their highest since March as a drop in US crude inventories eased worries over supply glut. Read Full Article at RT.com

Fracking ‘complete sham’ holding back US economy, energy market expert tells Keiser Report

The fracking industry relies on negative interest rates to convince investors that they will lose money slower than just holding cash, says Max Keiser of RT’s Keiser Report. Read Full Article at RT.com
RT Business

Fracking ‘complete sham’ holding back US economy, energy market expert tells Keiser Report

The fracking industry relies on negative interest rates to convince investors that they will lose money slower than just holding cash, says Max Keiser of RT’s Keiser Report. Read Full Article at RT.com

Covid-19 may end India's hopes of becoming world leading economic force, Professor Wolff tells Boom Bust

After Goldman Sachs projected the Indian economy to shrink by 45 percent this quarter, Professor Richard Wolff believes that no one can predict the future amid the coronavirus uncertainty. Read Full Article at RT.com
RT Business

Covid-19 may end India's hopes of becoming world leading economic force, Professor Wolff tells Boom Bust

After Goldman Sachs projected the Indian economy to shrink by 45 percent this quarter, Professor Richard Wolff believes that no one can predict the future amid the coronavirus uncertainty. Read Full Article at RT.com

Oil prices rally amid falling inventories & hopes of demand recovery

Prices of key global oil benchmarks Brent and US West Texas Intermediate (WTI) have surged on Wednesday following positive news on crude inventories. Read Full Article at RT.com
RT Business

Oil prices rally amid falling inventories & hopes of demand recovery

Prices of key global oil benchmarks Brent and US West Texas Intermediate (WTI) have surged on Wednesday following positive news on crude inventories. Read Full Article at RT.com

WTO’s goods trade index ‘flashes red’ as Covid-19 takes toll on global supply chains

Global trade is likely to “fall precipitously” in the first six months of this year after the key trade index hit record lows, the World Trade Organization (WTO) announced on Wednesday. Read Full Article at RT.com
RT Business

WTO’s goods trade index ‘flashes red’ as Covid-19 takes toll on global supply chains

Global trade is likely to “fall precipitously” in the first six months of this year after the key trade index hit record lows, the World Trade Organization (WTO) announced on Wednesday. Read Full Article at RT.com

Coronavirus pandemic may throw 60 MILLION people into extreme poverty, World Bank warns

The world’s progress in eliminating poverty is set to suffer a major setback due to the Covid-19 outbreak, forcing more people to survive on less than $1.90 per day, the World Bank has said in its recent report. Read Full Article at RT.com
RT Business

Coronavirus pandemic may throw 60 MILLION people into extreme poverty, World Bank warns

The world’s progress in eliminating poverty is set to suffer a major setback due to the Covid-19 outbreak, forcing more people to survive on less than $1.90 per day, the World Bank has said in its recent report. Read Full Article at RT.com

‘US can certainly survive & will thrive without China,’ chief strategist tells Boom Bust

As part of its trade row with Beijing, the United States hit the Chinese tech giant Huawei’s business last week, issuing new regulations limiting global chip exports to the firm. Read Full Article at RT.com
RT Business

‘US can certainly survive & will thrive without China,’ chief strategist tells Boom Bust

As part of its trade row with Beijing, the United States hit the Chinese tech giant Huawei’s business last week, issuing new regulations limiting global chip exports to the firm. Read Full Article at RT.com

Rolls-Royce to cut 9,000 jobs, mostly in the UK, in order to survive the coronavirus pandemic

British aerospace giant Rolls-Royce has announced it will cut at least 9,000 jobs from its workforce in the face of the major impending contraction in the aviation market in the wake of the coronavirus pandemic. Read Full Article at RT.com
RT Business

Rolls-Royce to cut 9,000 jobs, mostly in the UK, in order to survive the coronavirus pandemic

British aerospace giant Rolls-Royce has announced it will cut at least 9,000 jobs from its workforce in the face of the major impending contraction in the aviation market in the wake of the coronavirus pandemic. Read Full Article at RT.com

Venezuela sues Bank of England for refusal to return country’s gold amid coronavirus crisis

Venezuela’s Central Bank has launched legal action to force the Bank of England to release more than $1 billion in gold held in its coffers to battle the Covid-19 outbreak, according to Reuters. Read Full Article at RT.com
RT Business

Venezuela sues Bank of England for refusal to return country’s gold amid coronavirus crisis

Venezuela’s Central Bank has launched legal action to force the Bank of England to release more than $1 billion in gold held in its coffers to battle the Covid-19 outbreak, according to Reuters. Read Full Article at RT.com

Between Satan & Jamie Dimon: RT’s Keiser Report unravels US economic puzzle

There is a popular Chinese finger trap (also known as the Chinese finger puzzle) that children often fail to solve, because they panic when they should relax. Read Full Article at RT.com
RT Business

Between Satan & Jamie Dimon: RT’s Keiser Report unravels US economic puzzle

There is a popular Chinese finger trap (also known as the Chinese finger puzzle) that children often fail to solve, because they panic when they should relax. Read Full Article at RT.com

Pakistan suffers 1st economic decline in 68 years due to Covid-19 pandemic

While 2020 was projected to be a breakthrough year for Pakistan, the global coronavirus crisis has hit the country’s economy hard, causing its first contraction since 1951-52. Read Full Article at RT.com
RT Business

Pakistan suffers 1st economic decline in 68 years due to Covid-19 pandemic

While 2020 was projected to be a breakthrough year for Pakistan, the global coronavirus crisis has hit the country’s economy hard, causing its first contraction since 1951-52. Read Full Article at RT.com

Crude prices soar on stronger demand as countries begin to ease coronavirus restrictions

Oil prices jumped on Monday boosted by output cuts and signs of recovery in demand for fuel as global economies have started easing curbs that were imposed to contain the spread of coronavirus. Read Full Article at RT.com
RT Business

Crude prices soar on stronger demand as countries begin to ease coronavirus restrictions

Oil prices jumped on Monday boosted by output cuts and signs of recovery in demand for fuel as global economies have started easing curbs that were imposed to contain the spread of coronavirus. Read Full Article at RT.com

Wall Street rallies on Covid-19 vaccine hopes & promise of more Fed cash injections

US stocks surged at the opening bell on Monday boosted by news from drug maker Moderna about a potential coronavirus vaccine and the promise of more fiscal and monetary stimulus to support the US economy. Read Full Article at RT.com
RT Business

Wall Street rallies on Covid-19 vaccine hopes & promise of more Fed cash injections

US stocks surged at the opening bell on Monday boosted by news from drug maker Moderna about a potential coronavirus vaccine and the promise of more fiscal and monetary stimulus to support the US economy. Read Full Article at RT.com

Huawei says it’s fighting for ‘survival’ as Washington cuts off global chip suppliers

Chinese technology giant Huawei said on Monday that its business will “inevitably be impacted” by a new US regulation aiming to limit chip exports to the firm. It added that it “categorically opposes” Washington’s latest move. Read Full Article at R
RT Business

Huawei says it’s fighting for ‘survival’ as Washington cuts off global chip suppliers

Chinese technology giant Huawei said on Monday that its business will “inevitably be impacted” by a new US regulation aiming to limit chip exports to the firm. It added that it “categorically opposes” Washington’s latest move. Read Full Article at RT.com

Dump the dollar: Russia has now gotten rid of over 96% of its US debt holdings

Moscow has continued to sell off US Treasury securities, cutting its stockpile by US$8.73 billion in March, according to the latest data from the US Department of the Treasury. Read Full Article at RT.com
RT Business

Dump the dollar: Russia has now gotten rid of over 96% of its US debt holdings

Moscow has continued to sell off US Treasury securities, cutting its stockpile by US$8.73 billion in March, according to the latest data from the US Department of the Treasury. Read Full Article at RT.com

A huge fleet of 117 tankers is bringing super cheap crude to China

While the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting to return in the world’s largest oil importer. Read Full Article at RT.com
RT Business

A huge fleet of 117 tankers is bringing super cheap crude to China

While the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting to return in the world’s largest oil importer. Read Full Article at RT.com

LNG price war could send natural gas into negative territory

Natural gas producers could soon be about to fight out a battle for market share in which prices could fall to negative levels until some of them decide to curb output. Read Full Article at RT.com
RT Business

LNG price war could send natural gas into negative territory

Natural gas producers could soon be about to fight out a battle for market share in which prices could fall to negative levels until some of them decide to curb output. Read Full Article at RT.com

Coronavirus brings diamond sales to an almost complete halt

A leading global diamond producer, Russia’s ALROSA, is reporting that its sales were down tenfold in one month alone, as the impact of Covid-19 ripples through the global economy and supply chains. Read Full Article at RT.com
RT Business

Coronavirus brings diamond sales to an almost complete halt

A leading global diamond producer, Russia’s ALROSA, is reporting that its sales were down tenfold in one month alone, as the impact of Covid-19 ripples through the global economy and supply chains. Read Full Article at RT.com

Russia’s biggest automaker to jump-start production next week

Major Russian car manufacturer AvtoVAZ has announced that after more than a two-week shutdown due to the Covid-19 pandemic it will resume production on May 18. Read Full Article at RT.com
RT Business

Russia’s biggest automaker to jump-start production next week

Major Russian car manufacturer AvtoVAZ has announced that after more than a two-week shutdown due to the Covid-19 pandemic it will resume production on May 18. Read Full Article at RT.com

Air traffic won’t return to pre-pandemic levels until 2023 – IATA

Demand for air travel has plunged more than 90 percent in Europe and the United States since the start of the Covid-19 pandemic, the International Air Transport Association (IATA) has said. Read Full Article at RT.com
RT Business

Air traffic won’t return to pre-pandemic levels until 2023 – IATA

Demand for air travel has plunged more than 90 percent in Europe and the United States since the start of the Covid-19 pandemic, the International Air Transport Association (IATA) has said. Read Full Article at RT.com

Nord Stream 2 to challenge German regulator’s decision denying waiver of 'discriminatory' EU rules for gas pipeline from Russia

The company building the Nord Stream 2 gas pipeline has vowed to appeal Germany’s refusal to remove the multibillion-dollar project from the restrictions laid out in the “discriminatory” EU Gas Directive. Read Full Article at RT.com
RT Business

Nord Stream 2 to challenge German regulator’s decision denying waiver of 'discriminatory' EU rules for gas pipeline from Russia

The company building the Nord Stream 2 gas pipeline has vowed to appeal Germany’s refusal to remove the multibillion-dollar project from the restrictions laid out in the “discriminatory” EU Gas Directive. Read Full Article at RT.com

Germany in recession with economy in worst plunge since global financial crisis

Germany’s economy shrank by 2.2 percent in the first quarter compared to the final three months of 2019, preliminary official statistics have shown. It’s the biggest slump in a decade for Europe’s largest economy. Read Full Article at RT.com
RT Business

Germany in recession with economy in worst plunge since global financial crisis

Germany’s economy shrank by 2.2 percent in the first quarter compared to the final three months of 2019, preliminary official statistics have shown. It’s the biggest slump in a decade for Europe’s largest economy. Read Full Article at RT.com

Beijing may target Apple, Boeing & other US tech giants in retaliation for Huawei ban – Chinese state media

China has reportedly picked US targets to strike back at in response to new restrictions on its telecom giant Huawei, as Washington attempts to cut the firm off from global semiconductors supplies. Read Full Article at RT.com
RT Business

Beijing may target Apple, Boeing & other US tech giants in retaliation for Huawei ban – Chinese state media

China has reportedly picked US targets to strike back at in response to new restrictions on its telecom giant Huawei, as Washington attempts to cut the firm off from global semiconductors supplies. Read Full Article at RT.com

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