Business

December 3, 2020
Beijing launches 1,100km section of Russia-China natural gas pipeline

China has brought the middle section of the China-Russia East natural gas pipeline into operation. It is connected to the Power of Siberia gas pipeline from Russia that will deliver...

Continue Reading
December 3, 2020
China starts buying Indian rice for first time in several decades

For the first time in three decades, China has turned to Indian rice producers after exports of the cereal grain across the world dramatically declined in 2020, according to Indian...

Continue Reading
December 3, 2020
Sean Parker OK’d to buy stake in Peter Jackson’s VFX studio

New Zealand authorities have approved tech billionaire Sean Parker's purchase of a one-third stake in film director Peter Jackson's visual effects studio. Parker needed special permission from the Overseas Investment...

Continue Reading
December 3, 2020
‘Gone are days of monopoly’: India hopes to resume oil imports from Iran & Venezuela

New Delhi expects the new US administration to stop blocking the exports of Iranian crude oil, according to India's oil minister, Dharmendra Pradhan, who hopes to diversify his country's energy...

Continue Reading
December 3, 2020
‘Gone are days of monopoly’: India hopes to resume oil imports from Iran & Venezuela

New Delhi expects the new US administration to stop blocking the exports of Iranian crude oil, according to India's oil minister, Dharmendra Pradhan, who hopes to diversify his country's energy...

Continue Reading
December 2, 2020
Valparaiso U selects Jose Padilla as next president

The board of directors of Valparaiso University have named José D. Padilla as the school's next president, it announced Wednesday. Padilla most recently served as vice president, university counsel and...

Continue Reading
December 2, 2020
Editorial Roundup: Mississippi

Recent editorials from Mississippi newspapers: ___ Dec. 1 The Greenwood Commonwealth on the vaccines being developed for COVID-19 and a robot reducing the virus' ability to spread: We clearly are...

Continue Reading
December 2, 2020
China sees huge potential in trade with Russia, aims at expanding cooperation

The trade turnover between China and Russia has been only slightly affected by the coronavirus pandemic while global trade has been declining this year, China's Premier Li Keqiang has said....

Continue Reading
December 2, 2020
China about to dethrone US as world’s leading economy, trader tells Boom Bust

The Organization for Economic Co-operation and Development expects China to account for over a third of world economic growth in 2021. Boom Bust explores whether China can overtake the US...

Continue Reading
December 2, 2020
Why air travel recovery won’t spark an oil price rally

Oil demand isn't going to see a bump from air travel demand anytime soon, or so the International Air Transport Association (IATA) said in a recent press release. And when...

Continue Reading
December 2, 2020
Biden says he will keep Trump’s tariffs on China for a while

Joe Biden told a New York Times opinion columnist that he won't immediately remove the elevated tariffs that the Trump administration imposed on China. He intends to first review the...

Continue Reading
December 2, 2020
Biden says he will keep Trump’s tariffs on China for a while

Joe Biden told a New York Times opinion columnist that he won't immediately remove the elevated tariffs that the Trump administration imposed on China. He intends to first review the...

Continue Reading
December 2, 2020
Germany may have found loophole to dodge US sanctions against Russia’s Nord Stream 2 gas pipeline – report

Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources....

Continue Reading
December 2, 2020
Germany may have found loophole to dodge US sanctions against Russia’s Nord Stream 2 gas pipeline – report

Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources....

Continue Reading
December 1, 2020
‘Strike team’ of COVID-19 contact tracers assigned to Miami Beach hotels, restaurants

Hotels, restaurants and cultural institutions in Miami Beach will now have a dedicated team of contract tracers available to investigate new cases of COVID-19 in the city's hospitality sector. The...

Continue Reading
December 1, 2020
‘Strike team’ of COVID-19 contact tracers assigned to Miami Beach hotels, restaurants

Hotels, restaurants and cultural institutions in Miami Beach will now have a dedicated team of contract tracers available to investigate new cases of COVID-19 in the city's hospitality sector. The...

Continue Reading
December 1, 2020
What will happen when Cuba unifies its currency? Economists say it won’t be good

With Cuba suffering through its worst economic crisis in decades, the government is getting ready for a risky currency unification to put its finances in order. The unification of the...

Continue Reading
December 1, 2020
India’s consumer spending to return to growth in 2021 – Fitch

Consumer spending in India has contracted by 12.6 percent this year due to the Covid-19 pandemic, according to Fitch Solutions. It expects household spending to return to growth in 2021,...

Continue Reading
December 1, 2020
British retail giant Debenhams likely to collapse, putting 12,000 jobs at risk

Debenhams, one of Britain's biggest department store chains with more than two centuries of history, is set to fall victim to the coronavirus pandemic after rescue-deal talks ended in failure....

Continue Reading
December 1, 2020
British retail giant Debenhams likely to collapse, putting 12,000 jobs at risk

Debenhams, one of Britain's biggest department store chains with more than two centuries of history, is set to fall victim to the coronavirus pandemic after rescue-deal talks ended in failure....

Continue Reading
December 1, 2020
European Union needs perpetual debt to survive – George Soros

Objections by Poland and Hungary over an EU plan to deal with the economic crisis has put the bloc in a “very difficult situation” and raises doubts over its future,...

Continue Reading
December 1, 2020
Russia’s Gazprom books massive losses for 2020 on falling energy prices & ruble depreciation

Russian energy major Gazprom has seen a dramatic fall in net profits for the first nine months of 2020, which fell to 218 billion rubles ($2.9 billion) from nearly 1.1...

Continue Reading
December 1, 2020
Saudi Arabia ‘financed itself into oblivion’ & now entire country is at risk of going under – Max Keiser

The hosts of Keiser Report, Max Keiser and Stacy Herbert, look at the online conversations of a money printer and how financialization has turned Saudi Aramco into a money-losing operation....

Continue Reading
December 1, 2020
China to overtake US as world’s largest consumer market ‘very soon’

China's consumer goods market is rapidly catching up with the US and is poised to become the world's largest in the near future, according to a top Chinese economic planning...

Continue Reading
December 1, 2020
Pandemic threatens to crush dollar & plunge US economy into double-dip recession, top economist warns

While vaccine hopes are driving markets higher to book historically strong gains, the US economy is still in a vulnerable position, according to former Morgan Stanley chief economist Stephen Roach....

Continue Reading
December 1, 2020
World’s largest trade pact led by China could crush US gas exports

Fifteen countries across Asia just signed the world's largest-ever trade pact, but it may wind up hurting US natural gas. Recent political and geopolitical developments in the United States and...

Continue Reading
December 1, 2020
The Latest: Nobel laureate warns of increased trafficking

UNITED NATIONS — Nobel Peace Prize laureate Nadia Murad says the COVID-19 pandemic has increased trafficking of women and gender-based violence, leaving the health and safety of women “on the...

Continue Reading
December 1, 2020
The Latest: Nobel laureate warns of increased trafficking

UNITED NATIONS — Nobel Peace Prize laureate Nadia Murad says the COVID-19 pandemic has increased trafficking of women and gender-based violence, leaving the health and safety of women “on the...

Continue Reading
December 1, 2020
The Latest: Nobel laureate warns of increased trafficking

UNITED NATIONS — Nobel Peace Prize laureate Nadia Murad says the COVID-19 pandemic has increased trafficking of women and gender-based violence, leaving the health and safety of women “on the...

Continue Reading
November 30, 2020
Bitcoin price breaks all-time record, nearing $20,000 as cryptocurrency bounces back from March slump

The price of bitcoin has hit a record high, inching toward the $20,000 mark in a dramatic recovery for the world's most popular digital currency, which has rallied more than...

Continue Reading
November 30, 2020
Russia wants to ditch US dollar in favor of national currencies trade between SCO countries

Switching from the US dollar to trade in national currencies is one of the most prospective areas of cooperation for the Shanghai Cooperation Organization (SCO), according to Russian Prime Minister...

Continue Reading
November 30, 2020
OPEC+ may delay crude production hike while keeping one eye on US shale

Oil-producing coalition OPEC+, led by Russia and Saudi Arabia, will likely delay its planned two million barrels per day January increase in output, according to market consensus. The two-day meeting...

Continue Reading
November 30, 2020
Resurgent bitcoin pushing toward all-time high after last week’s stumble

The world's top cryptocurrency, bitcoin, is recovering after last week's sharp losses. Bitcoin is up over two percent and was trading above $18,500 on Monday, inching closer to its all-time...

Continue Reading
November 30, 2020
The Covid-19 pandemic is fueling a record decline in emissions

A new report by BloombergNEF (BNEF) has attributed the Covid-19 pandemic to a record decline in carbon dioxide emissions in the United States. The report estimates that 2020 emissions will...

Continue Reading
November 30, 2020
UK government begins purge of China’s Huawei from country’s 5G rollout

British telecommunications firms must not install new Huawei 5G kit after September 2021, the government said on Monday. The move is part of a plan to purge the Chinese firm's...

Continue Reading
November 30, 2020
China’s economic activity continues to gain momentum amid strong recovery from Covid crisis

China's official manufacturing Purchasing Managers' Index (PMI) has expanded for the ninth straight month to 52.1 in November. A reading above 50 on the index indicates expansion. The PMI, a...

Continue Reading
November 29, 2020
Bitcoin is taking over gold’s place, while bullion becomes the ‘new aluminum’ — Max Keiser

The world's largest cryptocurrency by market capitalization, bitcoin, is diminishing the store value of gold, RT's Max Keiser has said. He believes that bullion prices may drop sharply as the...

Continue Reading
November 29, 2020
Air passenger traffic won’t return to pre-pandemic levels until 2024 at earliest, IATA warns

The Covid crisis has challenged the global airline industry to fight for survival in 2020, the International Air Transport Association (IATA) said this week. It added that the industry's huge...

Continue Reading
November 29, 2020
Air passenger traffic won’t return to pre-pandemic levels until 2024 at earliest, IATA warns

The Covid crisis has challenged the global airline industry to fight for survival in 2020, the International Air Transport Association (IATA) said this week. It added that the industry's huge...

Continue Reading
November 29, 2020
Iraq does not want to be exempt from OPEC+ deal as oil exporters close to keeping output curbs

Baghdad still wants to be a part of the agreement between OPEC states and allies led by Russia as the historic oil deal proved to be an effective tool in...

Continue Reading