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BRICS open to new member states joining the club, says Russia’s deputy FM

The BRICS group of emerging economies, which is comprised of Brazil, Russia, India, China, and South Africa, is open to welcoming new member countries, according to Russian Deputy Foreign Minister Sergei Ryabkov. Read Full Article at RT.com
RT Business

BRICS open to new member states joining the club, says Russia’s deputy FM

The BRICS group of emerging economies, which is comprised of Brazil, Russia, India, China, and South Africa, is open to welcoming new member countries, according to Russian Deputy Foreign Minister Sergei Ryabkov. Read Full Article at RT.com

Hong Kong shares slip after Moody’s downgrade over ongoing protests

Stocks on the Hong Kong exchange fell most among major Asian markets after Moody’s rating agency cut the financial hub’s rating from Aa2 to Aa3. The city’s government says it “strongly” disagrees with the decision. Read Full Article at RT.com
RT Business

Hong Kong shares slip after Moody’s downgrade over ongoing protests

Stocks on the Hong Kong exchange fell most among major Asian markets after Moody’s rating agency cut the financial hub’s rating from Aa2 to Aa3. The city’s government says it “strongly” disagrees with the decision. Read Full Article at RT.com

China finds oil in Asia’s deepest onshore well, nearly 9,000 meters underground

China National Petroleum Corporation (CNPC) has found crude oil and natural gas in the deepest well drilled in Asia’s onshore, striking hydrocarbons in a pre-salt layer for the first time in China. Read Full Article at RT.com
RT Business

China finds oil in Asia’s deepest onshore well, nearly 9,000 meters underground

China National Petroleum Corporation (CNPC) has found crude oil and natural gas in the deepest well drilled in Asia’s onshore, striking hydrocarbons in a pre-salt layer for the first time in China. Read Full Article at RT.com

‘Together is better’: Local food delivery giant Zomato buys Uber Eats’ business in India

Uber has sold its food delivery service in India to local rival Zomato in hopes of cutting losses amid stiff competition for the South Asian market. Read Full Article at RT.com
RT Business

‘Together is better’: Local food delivery giant Zomato buys Uber Eats’ business in India

Uber has sold its food delivery service in India to local rival Zomato in hopes of cutting losses amid stiff competition for the South Asian market. Read Full Article at RT.com

Richest 1% owns more than TWICE as much wealth as 6.9 billion people – Oxfam

A super-rich one percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report. Read Full Article at RT.com
RT Business

Richest 1% owns more than TWICE as much wealth as 6.9 billion people – Oxfam

A super-rich one percent of the world’s population has accumulated twice as much wealth as the remaining 90 percent, global charity Oxfam said in a newly-released report. Read Full Article at RT.com

Russian tech giant Yandex wants to expand car-sharing service across Europe

Russia’s Yandex, which runs a popular car-sharing service in the country, is planning to expand across Europe this year, the tech company has revealed. Read Full Article at RT.com
RT Business

Russian tech giant Yandex wants to expand car-sharing service across Europe

Russia’s Yandex, which runs a popular car-sharing service in the country, is planning to expand across Europe this year, the tech company has revealed. Read Full Article at RT.com

China’s AI industry will be worth $30 BILLION by 2022

The artificial intelligence (AI) industry is growing steadily in China as Beijing aims to become the leader in the technology by 2030. Read Full Article at RT.com
RT Business

China’s AI industry will be worth $30 BILLION by 2022

The artificial intelligence (AI) industry is growing steadily in China as Beijing aims to become the leader in the technology by 2030. Read Full Article at RT.com

India could become first non‑Arctic state to develop Russia's Arctic resources

New Delhi is considering participating in Russian oil and liquefied natural gas (LNG) projects in the Arctic as cooperation with Moscow could open vast opportunities for India in the resource-rich region. Read Full Article at RT.com
RT Business

India could become first non‑Arctic state to develop Russia's Arctic resources

New Delhi is considering participating in Russian oil and liquefied natural gas (LNG) projects in the Arctic as cooperation with Moscow could open vast opportunities for India in the resource-rich region. Read Full Article at RT.com

737 MAX crisis could cost Boeing $20 billion, Wall Street analyst says

The US aerospace giant Boeing's costs are likely to rise substantially, analysts say, as airlines continue to push back MAX 737's from their schedules. The company's best-selling planes have now been grounded for 11 months. Read Full Article at RT.com
RT Business

737 MAX crisis could cost Boeing $20 billion, Wall Street analyst says

The US aerospace giant Boeing's costs are likely to rise substantially, analysts say, as airlines continue to push back MAX 737's from their schedules. The company's best-selling planes have now been grounded for 11 months. Read Full Article at RT.com

Digital dollar? RT’s Boom Bust explores ‘Crypto Dad’s’ push to digitize the greenback

Former US financial regulator J. Christopher Giancarlo, also known as ‘Crypto Dad’ for his support of cryptocurrencies, has announced the launch of a think tank to push the idea of digitizing the US dollar. Read Full Article at RT.com
RT Business

Digital dollar? RT’s Boom Bust explores ‘Crypto Dad’s’ push to digitize the greenback

Former US financial regulator J. Christopher Giancarlo, also known as ‘Crypto Dad’ for his support of cryptocurrencies, has announced the launch of a think tank to push the idea of digitizing the US dollar. Read Full Article at RT.com

Ruble strong, stocks surge after Russian government reshuffle

The appointment of a new prime minister has boosted the Russian stock market to new record highs on Friday, with the national currency holding on to gains reached over the past 18 months. Read Full Article at RT.com
RT Business

Ruble strong, stocks surge after Russian government reshuffle

The appointment of a new prime minister has boosted the Russian stock market to new record highs on Friday, with the national currency holding on to gains reached over the past 18 months. Read Full Article at RT.com

China & Zimbabwe ink currency-swap deal to bolster trade

Africa's largest trading partner, China, which has invested heavily in Zimbabwe in recent years, has reached a currency swap agreement with the country aimed at strengthening trade. Read Full Article at RT.com
RT Business

China & Zimbabwe ink currency-swap deal to bolster trade

Africa's largest trading partner, China, which has invested heavily in Zimbabwe in recent years, has reached a currency swap agreement with the country aimed at strengthening trade. Read Full Article at RT.com

Russia's forex reserves reach pre-crisis levels, topping $555 billion

Russian gold and foreign currency reserves have hit $557.5 billion in the first 10 days of the new year, according to the latest figures released by the country's central bank. Read Full Article at RT.com
RT Business

Russia's forex reserves reach pre-crisis levels, topping $555 billion

Russian gold and foreign currency reserves have hit $557.5 billion in the first 10 days of the new year, according to the latest figures released by the country's central bank. Read Full Article at RT.com

‘Cover-up to bail out billionaires’: Ryanair boss threatens legal action against UK govt after it pledges to save Flybe airline

Ryanair CEO Michael O’Leary has threatened legal action against the UK government after it pledged to bail out airline Flybe, claiming the rescue package was “a cover-up so they can bail out a couple of billionaires.” Read Full Article at RT.com
RT Business

‘Cover-up to bail out billionaires’: Ryanair boss threatens legal action against UK govt after it pledges to save Flybe airline

Ryanair CEO Michael O’Leary has threatened legal action against the UK government after it pledged to bail out airline Flybe, claiming the rescue package was “a cover-up so they can bail out a couple of billionaires.” Read Full Article at RT.com

US-China ‘phase one’ trade agreement is 95% theatrics, Richard Wolff tells Boom Bust

As the world’s economic superpowers, the US and China, have finally inked the first part of a broader trade agreement, analysts and industry leaders are raising doubts if the sides will move into ‘phase two’ anytime soon. Read Full Article at RT.com
RT Business

US-China ‘phase one’ trade agreement is 95% theatrics, Richard Wolff tells Boom Bust

As the world’s economic superpowers, the US and China, have finally inked the first part of a broader trade agreement, analysts and industry leaders are raising doubts if the sides will move into ‘phase two’ anytime soon. Read Full Article at RT.com

Amazon’s billion-dollar investment pledge isn’t doing India any favours – commerce minister

India’s Minister of Commerce and Industry Piyush Goyal has warned US e-commerce giant Amazon not to exploit any loopholes in the law as the company plans to expand in the country. Read Full Article at RT.com
RT Business

Amazon’s billion-dollar investment pledge isn’t doing India any favours – commerce minister

India’s Minister of Commerce and Industry Piyush Goyal has warned US e-commerce giant Amazon not to exploit any loopholes in the law as the company plans to expand in the country. Read Full Article at RT.com

Indian business owners protest Amazon expansion plans, calling Jeff Bezos an 'economic terrorist'

Thousands took to the streets in India this week to protest e-commerce giant Amazon's decision to expand into the country. Small shop owners say they won't be able to compete with the steep discounts Amazon offers other suppliers. Read Full Article at RT.com
RT Business

Indian business owners protest Amazon expansion plans, calling Jeff Bezos an 'economic terrorist'

Thousands took to the streets in India this week to protest e-commerce giant Amazon's decision to expand into the country. Small shop owners say they won't be able to compete with the steep discounts Amazon offers other suppliers. Read Full Article at RT.com

China's ZTE wants to raise $1.7 billion to boost 5G development

One of China's largest producers of telecom equipment, ZTE, has announced plans to raise around $1.7 billion from a private share placement to fund research and development of 5G networks. Read Full Article at RT.com
RT Business

China's ZTE wants to raise $1.7 billion to boost 5G development

One of China's largest producers of telecom equipment, ZTE, has announced plans to raise around $1.7 billion from a private share placement to fund research and development of 5G networks. Read Full Article at RT.com

US govt wants to invest $1 billion to end China’s dominance in 5G

A group of US lawmakers have introduced a bill to subsidize companies developing 5G technology to counter China’s Huawei. It comes as Washington mounts pressure on its allies to turn away from Chinese technology. Read Full Article at RT.com
RT Business

US govt wants to invest $1 billion to end China’s dominance in 5G

A group of US lawmakers have introduced a bill to subsidize companies developing 5G technology to counter China’s Huawei. It comes as Washington mounts pressure on its allies to turn away from Chinese technology. Read Full Article at RT.com

Putin suggests launching new investment cycle in Russia to achieve growth rates above global average

Russian President Vladimir Putin called for a structural change to the economy and its efficiency during his annual address to the Federal Assembly on Wednesday. Read Full Article at RT.com
RT Business

Putin suggests launching new investment cycle in Russia to achieve growth rates above global average

Russian President Vladimir Putin called for a structural change to the economy and its efficiency during his annual address to the Federal Assembly on Wednesday. Read Full Article at RT.com

China’s booming new Silk Road trade hits $1.34 TRILLION

China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows. Read Full Article at RT.com
RT Business

China’s booming new Silk Road trade hits $1.34 TRILLION

China’s trade with countries participating in its ambitious Belt and Road Initiative (BRI) has been expanding and totaled 9.27 trillion yuan ($1.34 trillion) in 2019, customs data shows. Read Full Article at RT.com

Malaysia Airlines stops taking deliveries of Boeing MAX 737 jets

Malaysia’s national carrier has suspended deliveries of 25 Boeing 737 MAX jets due to the delayed return to service of the aircraft since it was grounded last year after two fatal crashes. Read Full Article at RT.com
RT Business

Malaysia Airlines stops taking deliveries of Boeing MAX 737 jets

Malaysia’s national carrier has suspended deliveries of 25 Boeing 737 MAX jets due to the delayed return to service of the aircraft since it was grounded last year after two fatal crashes. Read Full Article at RT.com

Russia will further turn away from dollar as US pursues ‘aggressive’ sanctions policy – Lavrov

While Washington is “abusing” the status of the dollar as the world reserve currency, Moscow will continue to reduce its dependence on the greenback in favor of national currencies, the Russian foreign minister says. Read Full Article at RT.com
RT Business

Russia will further turn away from dollar as US pursues ‘aggressive’ sanctions policy – Lavrov

While Washington is “abusing” the status of the dollar as the world reserve currency, Moscow will continue to reduce its dependence on the greenback in favor of national currencies, the Russian foreign minister says. Read Full Article at RT.com

Boeing’s troubles could drag down US dollar, Peter Schiff tells RT’s Boom Bust

As American aerospace giant Boeing is still dealing with the 737 Max crisis, the company’s poor performance could have consequences for the entire US economy, slowing growth and affecting the greenback. Read Full Article at RT.com
RT Business

Boeing’s troubles could drag down US dollar, Peter Schiff tells RT’s Boom Bust

As American aerospace giant Boeing is still dealing with the 737 Max crisis, the company’s poor performance could have consequences for the entire US economy, slowing growth and affecting the greenback. Read Full Article at RT.com

‘Unconfiscatable property’: Former Wall Street trader explains to Keiser Report why bitcoin is SUPERIOR to gold

Digital currency bitcoin’s quality of being ‘unconfiscatable’ is a very important attribute, particularly in countries like Argentina and others where the cryptocurrency’s adoption is skyrocketing at the moment. Read Full Article at RT.com
RT Business

‘Unconfiscatable property’: Former Wall Street trader explains to Keiser Report why bitcoin is SUPERIOR to gold

Digital currency bitcoin’s quality of being ‘unconfiscatable’ is a very important attribute, particularly in countries like Argentina and others where the cryptocurrency’s adoption is skyrocketing at the moment. Read Full Article at RT.com

Walmart fires 56 executives in India as part of restructuring scheme

The world’s largest retailer, Walmart, has laid off about a third of the executives at its Indian headquarters in Gurgaon as it struggles to boost its business in the country. Read Full Article at RT.com
RT Business

Walmart fires 56 executives in India as part of restructuring scheme

The world’s largest retailer, Walmart, has laid off about a third of the executives at its Indian headquarters in Gurgaon as it struggles to boost its business in the country. Read Full Article at RT.com

Unstoppable rally: World’s most precious metal rhodium is now 5 times more costly than gold

The extremely rare, silvery-colored metal rhodium has extended its multi year growth, surging 32 percent so far this month and touching the highest mark since 2008. Read Full Article at RT.com
RT Business

Unstoppable rally: World’s most precious metal rhodium is now 5 times more costly than gold

The extremely rare, silvery-colored metal rhodium has extended its multi year growth, surging 32 percent so far this month and touching the highest mark since 2008. Read Full Article at RT.com

Nissan pushes for split from Renault after Ghosn’s dramatic escape – media

Former head of the Nissan-Renault alliance Carlos Ghosn’s daring escape from Japan could have put another nail in the coffin of the already troubled partnership, as Nissan is reportedly beefing up plans to quit. Read Full Article at RT.com
RT Business

Nissan pushes for split from Renault after Ghosn’s dramatic escape – media

Former head of the Nissan-Renault alliance Carlos Ghosn’s daring escape from Japan could have put another nail in the coffin of the already troubled partnership, as Nissan is reportedly beefing up plans to quit. Read Full Article at RT.com

Devastating bushfires may cost Australia up to US$3.5bn & take toll on economic growth

Australia is expected to face up to AU$5 billion (US$3.5 billion) in losses as fires continue to rage across the continent, according to an Australian Westpac bank forecast. Read Full Article at RT.com
RT Business

Devastating bushfires may cost Australia up to US$3.5bn & take toll on economic growth

Australia is expected to face up to AU$5 billion (US$3.5 billion) in losses as fires continue to rage across the continent, according to an Australian Westpac bank forecast. Read Full Article at RT.com

‘Stop buying Iranian oil or face sanctions’: US in talks with China over Iran

Washington has managed to «cut off probably over 95 percent of the oil revenues» of Iran, according to US Treasury Secretary Steven Mnuchin. Read Full Article at RT.com
RT Business

‘Stop buying Iranian oil or face sanctions’: US in talks with China over Iran

Washington has managed to «cut off probably over 95 percent of the oil revenues» of Iran, according to US Treasury Secretary Steven Mnuchin. Read Full Article at RT.com

Russia among Europe’s top performing stock markets in 2019

While last year was marked by political and economic uncertainty across the world, Greece, Russia and Italy have been Europe’s top performing stock markets. Read Full Article at RT.com
RT Business

Russia among Europe’s top performing stock markets in 2019

While last year was marked by political and economic uncertainty across the world, Greece, Russia and Italy have been Europe’s top performing stock markets. Read Full Article at RT.com

Nord Stream 2 is an economic project to benefit Germany AND Europe, Washington’s stance is wrong – Merkel

German Chancellor Angela Merkel says the Nord Stream 2 is an economic project that will benefit large parts of Europe, criticizing US attempts to undermine it. Read Full Article at RT.com
RT Business

Nord Stream 2 is an economic project to benefit Germany AND Europe, Washington’s stance is wrong – Merkel

German Chancellor Angela Merkel says the Nord Stream 2 is an economic project that will benefit large parts of Europe, criticizing US attempts to undermine it. Read Full Article at RT.com

China’s smart supercities powered by 5G to become new growth engine

The next phase of growth in China could come from developing smart supercities through 5G connectivity, smart grids, renewable energy and modern transportation, according to a report by Morgan Stanley. Read Full Article at RT.com
RT Business

China’s smart supercities powered by 5G to become new growth engine

The next phase of growth in China could come from developing smart supercities through 5G connectivity, smart grids, renewable energy and modern transportation, according to a report by Morgan Stanley. Read Full Article at RT.com

World’s super-rich are hoarding physical gold in secret bunkers

The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. Read Full Article at RT.com
RT Business

World’s super-rich are hoarding physical gold in secret bunkers

The strategic case for owning gold remains strong, according to analysts at Goldman Sachs. They point to such factors as political uncertainty, recession fears and other worries among the global elite. Read Full Article at RT.com

Regular railway freight transport across new Crimea Bridge will start from July

Russian President Vladimir Putin said on Friday that regular freight rail services via the 19-km-long Crimea Bridge, which connects the peninsula with mainland Russia, will kick off on July 1. Read Full Article at RT.com
RT Business

Regular railway freight transport across new Crimea Bridge will start from July

Russian President Vladimir Putin said on Friday that regular freight rail services via the 19-km-long Crimea Bridge, which connects the peninsula with mainland Russia, will kick off on July 1. Read Full Article at RT.com

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