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Saudi Arabia’s 100% hookah tax hike ignites social media fury

A decision by Saudi Arabia’s ministry of rural and municipal affairs to introduce a 100 percent tax on bills at restaurants that serve shisha has sparked criticism on kingdom’s social media. Read Full Article at RT.com
RT Business

Saudi Arabia’s 100% hookah tax hike ignites social media fury

A decision by Saudi Arabia’s ministry of rural and municipal affairs to introduce a 100 percent tax on bills at restaurants that serve shisha has sparked criticism on kingdom’s social media. Read Full Article at RT.com

Recession likely to be years away thanks to Trump’s bullish effect on market – Nobel prize winner Robert Shiller

US President Donald Trump is creating an environment that’s conducive to strong consumer spending, says economist Robert Shiller. It’s a major force that should hold off a recession, he adds. Read Full Article at RT.com
RT Business

Recession likely to be years away thanks to Trump’s bullish effect on market – Nobel prize winner Robert Shiller

US President Donald Trump is creating an environment that’s conducive to strong consumer spending, says economist Robert Shiller. It’s a major force that should hold off a recession, he adds. Read Full Article at RT.com

Rich Chinese outnumber wealthy Americans for first time – Credit Suisse

A new report by Credit Suisse shows that the number of rich Chinese people has surpassed the number of wealthy Americans for the first time as both countries continue to produce millionaires at fast rates. Read Full Article at RT.com
RT Business

Rich Chinese outnumber wealthy Americans for first time – Credit Suisse

A new report by Credit Suisse shows that the number of rich Chinese people has surpassed the number of wealthy Americans for the first time as both countries continue to produce millionaires at fast rates. Read Full Article at RT.com

China doubles down on infrastructure projects as trade war with US drags on

Beijing has doubled the value of government approved major infrastructure projects this year. The move aims to stabilize the Chinese economy amid the ongoing trade conflict with Washington. Read Full Article at RT.com
RT Business

China doubles down on infrastructure projects as trade war with US drags on

Beijing has doubled the value of government approved major infrastructure projects this year. The move aims to stabilize the Chinese economy amid the ongoing trade conflict with Washington. Read Full Article at RT.com

India set to eclipse US with global economic growth share by 2024

India is expected to become a much bigger driver of global growth than the world’s current largest economy, the US, in just five years, according to Bloomberg calculations based on International Monetary Fund (IMF) data. Read Full Article at RT.com
RT Business

India set to eclipse US with global economic growth share by 2024

India is expected to become a much bigger driver of global growth than the world’s current largest economy, the US, in just five years, according to Bloomberg calculations based on International Monetary Fund (IMF) data. Read Full Article at RT.com

Golden shield: Russian bullion reserves will protect country against slump in oil prices

Russia can withstand a sharp drop in crude prices thanks to its sufficient gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov has said. Read Full Article at RT.com
RT Business

Golden shield: Russian bullion reserves will protect country against slump in oil prices

Russia can withstand a sharp drop in crude prices thanks to its sufficient gold holdings and the government’s efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov has said. Read Full Article at RT.com

Syria’s Raqqa province begins reviving destroyed oil & gas fields

Recovery works have started at liberated oil and gas sites in Raqqa province in northern Syria, as well as in the area between the governorate and Hama and Homs provinces, local field management has said. Read Full Article at RT.com
RT Business

Syria’s Raqqa province begins reviving destroyed oil & gas fields

Recovery works have started at liberated oil and gas sites in Raqqa province in northern Syria, as well as in the area between the governorate and Hama and Homs provinces, local field management has said. Read Full Article at RT.com

Russia mulls using yuan & euro instead of US dollar for external loans in 2020

Further turning away from the greenback, Russia is eyeing the yuan and the euro as currencies for Eurobonds next year, Russian Finance Minister Anton Siluanov has said on the sidelines of an IMF and World Bank meeting. Read Full Article at RT.com
RT Business

Russia mulls using yuan & euro instead of US dollar for external loans in 2020

Further turning away from the greenback, Russia is eyeing the yuan and the euro as currencies for Eurobonds next year, Russian Finance Minister Anton Siluanov has said on the sidelines of an IMF and World Bank meeting. Read Full Article at RT.com

Keep your sanctions, but let us do business: Chevron hopes Trump allows it to stay in Venezuela

US oil giant Chevron is hopeful that the Trump administration will extend a waiver allowing the company to continue doing business in Venezuela despite tough US sanctions on the South American country. Read Full Article at RT.com
RT Business

Keep your sanctions, but let us do business: Chevron hopes Trump allows it to stay in Venezuela

US oil giant Chevron is hopeful that the Trump administration will extend a waiver allowing the company to continue doing business in Venezuela despite tough US sanctions on the South American country. Read Full Article at RT.com

AirBaltic replaced 50 engines on its Airbus fleet of just 10+ aircraft in TWO YEARS

Latvian carrier airBaltic, which operates flights across Europe, had to conduct 50 engine replacements in the first two years after adding Airbus A220-300 to its fleet, the airline has confirmed to RT. Read Full Article at RT.com
RT Business

AirBaltic replaced 50 engines on its Airbus fleet of just 10+ aircraft in TWO YEARS

Latvian carrier airBaltic, which operates flights across Europe, had to conduct 50 engine replacements in the first two years after adding Airbus A220-300 to its fleet, the airline has confirmed to RT. Read Full Article at RT.com

Greta Thunberg's dream world would cause 'a human tragedy of disastrous proportions' – economist to RT

If you are inspired by Greta Thunberg's emotional speech at the UN and care about our planet, you might not realize how much your everyday life could change should the world follow the advice of climate activists. Read Full Article at RT.com
RT Business

Greta Thunberg's dream world would cause 'a human tragedy of disastrous proportions' – economist to RT

If you are inspired by Greta Thunberg's emotional speech at the UN and care about our planet, you might not realize how much your everyday life could change should the world follow the advice of climate activists. Read Full Article at RT.com

Johnson & Johnson recalls single lot of Baby Powder after asbestos trace found

US drug company Johnson & Johnson said on Friday it would recall a single lot of its Baby Powder in the US after the Food and Drug Administration found trace amounts of asbestos in samples taken from a bottle purchased online. Read Full Article at RT.com
RT Business

Johnson & Johnson recalls single lot of Baby Powder after asbestos trace found

US drug company Johnson & Johnson said on Friday it would recall a single lot of its Baby Powder in the US after the Food and Drug Administration found trace amounts of asbestos in samples taken from a bottle purchased online. Read Full Article at RT.com

Germany, Italy & France set to block Facebook’s cryptocurrency Libra in Europe – report

Paris, Rome, and Berlin are getting ready to block Facebook’s new digital currency Libra in Europe, a French minister said, as cited by AFP. Read Full Article at RT.com
RT Business

Germany, Italy & France set to block Facebook’s cryptocurrency Libra in Europe – report

Paris, Rome, and Berlin are getting ready to block Facebook’s new digital currency Libra in Europe, a French minister said, as cited by AFP. Read Full Article at RT.com

World’s longest non-stop flight from US to Australia ready for take-off

Qantas Airlines will operate a direct flight from New York to Sydney on Friday. At nearly 20 hours long, it is set to become the longest non-stop flight in the world. Read Full Article at RT.com
RT Business

World’s longest non-stop flight from US to Australia ready for take-off

Qantas Airlines will operate a direct flight from New York to Sydney on Friday. At nearly 20 hours long, it is set to become the longest non-stop flight in the world. Read Full Article at RT.com

Russia begins pumping natural gas into Turkish Stream pipeline

Gazprom has started to fill the first branch of the offshore section of the Turkish Stream pipeline with natural gas. This is the final stage of testing the pipeline before putting it into operation later this year. Read Full Article at RT.com
RT Business

Russia begins pumping natural gas into Turkish Stream pipeline

Gazprom has started to fill the first branch of the offshore section of the Turkish Stream pipeline with natural gas. This is the final stage of testing the pipeline before putting it into operation later this year. Read Full Article at RT.com

United States imposes record $7.5 billion in tariffs on European goods

With the blessing from the World Trade Organization (WTO), the Trump administration imposed punitive tariffs on EU goods on Friday in retaliation for the European plane maker Airbus receiving illegal subsidies. Read Full Article at RT.com
RT Business

United States imposes record $7.5 billion in tariffs on European goods

With the blessing from the World Trade Organization (WTO), the Trump administration imposed punitive tariffs on EU goods on Friday in retaliation for the European plane maker Airbus receiving illegal subsidies. Read Full Article at RT.com

Are privacy coins about to change the world? RT’s Boom Bust digs into crypto security

Regulators around the world claim private currencies like Zcoin, Zcash, dash, and monero could potentially be used in terrorism financing or by sanctioned governments. They claim that only criminals want privacy. Read Full Article at RT.com
RT Business

Are privacy coins about to change the world? RT’s Boom Bust digs into crypto security

Regulators around the world claim private currencies like Zcoin, Zcash, dash, and monero could potentially be used in terrorism financing or by sanctioned governments. They claim that only criminals want privacy. Read Full Article at RT.com

Germany to keep door open to Huawei 5G technology, ignoring pressure from US

Berlin has decided to allow Chinese telecom giant Huawei to participate in the country’s upcoming 5G infrastructure projects. It stated that it wants to create “a level playing field” for vendors. Read Full Article at RT.com
RT Business

Germany to keep door open to Huawei 5G technology, ignoring pressure from US

Berlin has decided to allow Chinese telecom giant Huawei to participate in the country’s upcoming 5G infrastructure projects. It stated that it wants to create “a level playing field” for vendors. Read Full Article at RT.com

India halved its poverty rate since 1990s - World Bank

India, the second-most populous country in the world, has achieved annual growth exceeding 7 percent over the last 15 years and continues to pull millions of people out of poverty, according to the World Bank. Read Full Article at RT.com
RT Business

India halved its poverty rate since 1990s - World Bank

India, the second-most populous country in the world, has achieved annual growth exceeding 7 percent over the last 15 years and continues to pull millions of people out of poverty, according to the World Bank. Read Full Article at RT.com

Global economy faces ‘awfully high’ risk of recession in the next 12-18 months, warns Moody’s

There’s an “uncomfortably high” chance that a recession could hit the global economy in the near future, according to Mark Zandi, chief economist of Moody’s Analytics. Policymakers may not be able to reverse that course, he said. Read Full Article at
RT Business

Global economy faces ‘awfully high’ risk of recession in the next 12-18 months, warns Moody’s

There’s an “uncomfortably high” chance that a recession could hit the global economy in the near future, according to Mark Zandi, chief economist of Moody’s Analytics. Policymakers may not be able to reverse that course, he said. Read Full Article at RT.com

The crackdown on illegal immigration is hurting US oil drillers

US crude oil production growth may have slowed down this year, but the largest oil-producing counties in the Permian basin continue to feel a shortage of labor. Read Full Article at RT.com
RT Business

The crackdown on illegal immigration is hurting US oil drillers

US crude oil production growth may have slowed down this year, but the largest oil-producing counties in the Permian basin continue to feel a shortage of labor. Read Full Article at RT.com

India puts own economic welfare ahead of US sanctions & pressure – Finance Minister

India would like to comply with US sanctions, but the strength of its economy and its strategic interests must come first, Finance Minister Nirmala Sitharaman stated, explaining that a true partner would want India to be strong. Read Full Article at RT.com
RT Business

India puts own economic welfare ahead of US sanctions & pressure – Finance Minister

India would like to comply with US sanctions, but the strength of its economy and its strategic interests must come first, Finance Minister Nirmala Sitharaman stated, explaining that a true partner would want India to be strong. Read Full Article at RT.com

Russia & China to build world’s largest petrochemical plant

An agreement worth more than $13 billion has been signed between China National Chemical Engineering Group (CNCEC) and Russia’s RusGasDobycha to build a natural gas processing and chemical plant. Read Full Article at RT.com
RT Business

Russia & China to build world’s largest petrochemical plant

An agreement worth more than $13 billion has been signed between China National Chemical Engineering Group (CNCEC) and Russia’s RusGasDobycha to build a natural gas processing and chemical plant. Read Full Article at RT.com

The real history of fracking: Oil, bombs and civil war

Over the past twenty years, the most important and most exciting development in the United States energy sector has been hydraulic fracturing, also referred to as fracking. Read Full Article at RT.com
RT Business

The real history of fracking: Oil, bombs and civil war

Over the past twenty years, the most important and most exciting development in the United States energy sector has been hydraulic fracturing, also referred to as fracking. Read Full Article at RT.com

India's energy sector tackles carbon emissions by investing $60 billion in national gas grid

One of the world’s largest consumers of oil and coal, India, is investing tens of billions of dollars to build a national gas grid and the necessary import terminals by 2024, in a bid to cut its carbon emissions. Read Full Article at RT.com
RT Business

India's energy sector tackles carbon emissions by investing $60 billion in national gas grid

One of the world’s largest consumers of oil and coal, India, is investing tens of billions of dollars to build a national gas grid and the necessary import terminals by 2024, in a bid to cut its carbon emissions. Read Full Article at RT.com

WTO allows US to target EU goods in retaliation over Airbus subsidies

The World Trade Organization (WTO) on Monday formally authorized the United States to impose tariffs on up to $7.5 billion of imports of European Union goods after an arbitrator’s decision over subsidies to plane maker Airbus. Read Full Article at RT.com
RT Business

WTO allows US to target EU goods in retaliation over Airbus subsidies

The World Trade Organization (WTO) on Monday formally authorized the United States to impose tariffs on up to $7.5 billion of imports of European Union goods after an arbitrator’s decision over subsidies to plane maker Airbus. Read Full Article at RT.com

Russia to build $1bn oil complex in Saudi Arabia & further boost investment in joint projects

Russian President Vladimir Putin has revealed plans to boost economic ties with Saudi Arabia by setting up a $1 billion oil plant there. He also reaffirmed Moscow’s commitment to the OPEC agenda of keeping the oil market steady. Read Full Article at RT.com
RT Business

Russia to build $1bn oil complex in Saudi Arabia & further boost investment in joint projects

Russian President Vladimir Putin has revealed plans to boost economic ties with Saudi Arabia by setting up a $1 billion oil plant there. He also reaffirmed Moscow’s commitment to the OPEC agenda of keeping the oil market steady. Read Full Article at RT.com

US-oriented IMF & its austerity package guilty of chaos in Ecuador – ex-Central Bank official to RT

The protests that have engulfed Ecuador and nearly brought the country’s oil industry to a halt are triggered by economic policies imposed by the IMF, guided by none other than US foreign interests, an expert told Boom Bust. Read Full Article at RT.com
RT Business

US-oriented IMF & its austerity package guilty of chaos in Ecuador – ex-Central Bank official to RT

The protests that have engulfed Ecuador and nearly brought the country’s oil industry to a halt are triggered by economic policies imposed by the IMF, guided by none other than US foreign interests, an expert told Boom Bust. Read Full Article at RT.com

‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports

Russia is planning to abandon the US dollar in favor of euro and rubles for currency settlements in global energy transactions in order to minimize reliance on the American currency. Read Full Article at RT.com
RT Business

‘Our currency’s stable, why not use it?’ Russia looks to ditch US dollar for exchanges in rubles & euro in energy exports

Russia is planning to abandon the US dollar in favor of euro and rubles for currency settlements in global energy transactions in order to minimize reliance on the American currency. Read Full Article at RT.com

'It’s a lovefest!' Trump announces ‘substantial' partial US-China trade deal on agriculture, intellectual property, & finance

The US and China have reached a “very substantial phase one” deal, US President Donald Trump has declared. Tariffs due to take effect on Tuesday have been canceled, and markets responded with elation. Read Full Article at RT.com
RT Business

'It’s a lovefest!' Trump announces ‘substantial' partial US-China trade deal on agriculture, intellectual property, & finance

The US and China have reached a “very substantial phase one” deal, US President Donald Trump has declared. Tariffs due to take effect on Tuesday have been canceled, and markets responded with elation. Read Full Article at RT.com

Daimler to recall hundreds of thousands of additional cars as part of ‘Dieselgate’ scandal

German carmaker Daimler said it will recall “a medium six-figure” number of diesel engines that fail to meet the EU’s emission standards after a ruling by German road traffic regulator. Read Full Article at RT.com
RT Business

Daimler to recall hundreds of thousands of additional cars as part of ‘Dieselgate’ scandal

German carmaker Daimler said it will recall “a medium six-figure” number of diesel engines that fail to meet the EU’s emission standards after a ruling by German road traffic regulator. Read Full Article at RT.com

Trump announces ‘very substantial’ partial US-China trade deal on agriculture, intellectual property, & finance

The US and China have reached a “very substantial phase one” deal, US President Donald Trump has declared. Tariffs due to take effect on Tuesday have been canceled, and markets responded with elation. Read Full Article at RT.com
RT Business

Trump announces ‘very substantial’ partial US-China trade deal on agriculture, intellectual property, & finance

The US and China have reached a “very substantial phase one” deal, US President Donald Trump has declared. Tariffs due to take effect on Tuesday have been canceled, and markets responded with elation. Read Full Article at RT.com

How much crude oil does plastic production really consume?

The advantages of plastics over alternatives—cost and durability—will continue to drive demand for it even as governments around the world clamp down on single-use plastics. Read Full Article at RT.com
RT Business

How much crude oil does plastic production really consume?

The advantages of plastics over alternatives—cost and durability—will continue to drive demand for it even as governments around the world clamp down on single-use plastics. Read Full Article at RT.com

Royal Mint launches first-ever debit card made of solid gold (spoiler alert: it isn’t cheap)

The UK’s Royal Mint has produced its first payment card which is made from real gold. The new card comes with a hefty price tag of £18,750 ($23,200). Read Full Article at RT.com
RT Business

Royal Mint launches first-ever debit card made of solid gold (spoiler alert: it isn’t cheap)

The UK’s Royal Mint has produced its first payment card which is made from real gold. The new card comes with a hefty price tag of £18,750 ($23,200). Read Full Article at RT.com

Oil prices surge after Iran says missiles struck its tanker near Saudi Arabia

The price of crude oil rose sharply on Friday morning after Iranian officials said that two rockets had struck an Iranian tanker traveling through the Red Sea. Read Full Article at RT.com
RT Business

Oil prices surge after Iran says missiles struck its tanker near Saudi Arabia

The price of crude oil rose sharply on Friday morning after Iranian officials said that two rockets had struck an Iranian tanker traveling through the Red Sea. Read Full Article at RT.com

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