Business

November 13, 2020
Russian online retailer Ozon plans $750 million US listing – report

One of Russia's leading e-commerce companies, Ozon, could raise as much as $750 million when it enters the US stock market, Reuters reported citing financial market sources. The company behind...

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November 13, 2020
China about to pull off ‘diplomatic coup’ by striking world’s largest free trade agreement

Fifteen Asia-Pacific nations including China and Japan plan to sign the world's biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of...

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November 13, 2020
Russian economy shows strong signs of recovery from coronavirus plunge

The Russian economy shrank 3.6 percent in the third quarter, improving by more than half from the eight-percent drop during the previous quarter, when the government shut down the economy...

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November 12, 2020
Florida tweaks schedule again, now opening with UMass Lowell

Florida is shuffling its basketball schedule again. Having already been forced to replace their home-opening opponent, the Gators will now face a different team to start the season. Florida said...

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November 12, 2020
Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week

Russia's foreign exchange holdings have risen for the second consecutive week to reach $587.6 billion, according to the latest data released by the country's central bank. The holdings rose by...

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November 12, 2020
Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week

Russia's foreign exchange holdings have risen for the second consecutive week to reach $587.6 billion, according to the latest data released by the country's central bank. The holdings rose by...

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November 12, 2020
There’s a reason the Chinese economy has outperformed its global peers over the last 30 years, Professor Wolff tells Boom Bust

China's foreign trade boomed again in October, with exports surging at their fastest pace for 19 months and imports showing stable growth, as the world's second-largest economy continues to rebound...

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November 12, 2020
Bitcoin rallies above $16,000 for first time since January 2018

The price of the world's top cryptocurrency, bitcoin, briefly surged to $16,157 on Thursday, hitting a high not seen since January 6, 2018. Analysts say that a number of companies...

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November 12, 2020
Tropical Storm Eta dumps blustery rain on Florida west coast

Tropical Storm Eta dumped torrents of blustery rain on Florida's west coast as it moved over Florida after making landfall north of the heavily populated Tampa Bay area Thursday morning....

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November 12, 2020
US is living in a sea of debt, but the storm is coming – Max Keiser

RT's Keiser Report looks at the student loan debtors waiting for Joe Biden to forgive their loans, and government audits finding an ‘open door policy' on the no-repay ‘loans' from...

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November 12, 2020
UK economy grows by record 15.5% after worst slump ever

Britain's Office for National Statistics (ONS) said on Thursday the country's real GDP had record-breaking growth in July-September, reflecting the easing of lockdown measures and a rebound from a sharp...

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November 12, 2020
China’s Singles’ Day sales hit record $115 BILLION as economy recovers from Covid-19

Chinese online retail giants Alibaba and JD.com have smashed last year's record numbers for the world's largest annual shopping spree, known as Singles' Day, generating around $115 billion in sales...

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November 12, 2020
Pfizer CEO sells $5.6mn of stock on record surge the day he praised Covid-19 vaccine’s 90% effectiveness, denies insider trading

CEO Albert Bourla sold off 60 percent of his shares in drugmaker Pfizer the day its stock price peaked following a favorable report on the effectiveness of its Covid-19 vaccine...

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November 11, 2020
Canada’s Trudeau promises ‘easy’ post-Brexit trade deal with UK by end of year

Canadian Prime Minister Justin Trudeau said on Wednesday that a post-Brexit trade agreement with Britain should be secured by the end of the year, despite all the challenges that may...

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November 11, 2020
Oil prices surge amid hopes coronavirus vaccine means return of global travel

Crude prices continued to climb higher on Wednesday following the news of potentially effective Covid-19 vaccines developed in Russia and the US. Brent crude soared above $45 a barrel, marking...

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November 11, 2020
‘On the way to Mars’: Boom Bust observes China’s space race as it launches world’s 1st 6G satellite into orbit

China has successfully sent 13 satellites into orbit this month with a single rocket, including the world's first 6G experimental satellite. RT correspondent John Huddy looks at Beijing's space ambitions....

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November 11, 2020
The Latest: Britain to stagger holiday travel for students

LONDON — Britain is planning a strategy to get hundreds of thousands of university students home for Christmas without sparking a new upsurge in coronavirus cases. Scientists say students traveling...

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November 11, 2020
India could be the next BREAKOUT natural gas market

Currently, five percent of the South Asian country's energy mix is natural gas. India's massive population and relatively underdeveloped economy signify that there is enormous potential. Economic expansion strongly correlates...

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November 11, 2020
US to expand sanctions against Russia’s Nord Stream 2 gas pipeline

Washington has reached an agreement to include additional sanctions against Russia's natural gas pipeline to Germany in a must-pass defense bill, Bloomberg reported on Wednesday, citing sources familiar with the...

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November 10, 2020
The Latest: 15 NFL players test positive for COVID-19

The Latest on the effects of the coronavirus outbreak on sports around the world: ___ The National Football League and NFL Players Association say the league has 15 new confirmed...

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November 10, 2020
EU goes after Amazon for breaching European antitrust rules

The European Commission (EC) announced a second formal investigation into online retailer Amazon on Tuesday, accusing the firm of breaching European antitrust rules by using independent sellers' data for its...

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November 10, 2020
Ulta to open beauty shops at 100 Target stores in 2021

The nation's largest beauty store chain, Ulta Beauty, has a deal to place shops in more than 100 Target stores by mid-2021. The shops, each about 1,000 square feet, will...

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November 10, 2020
US will see another financial crash if Biden is elected – Max Keiser

The hosts of RT's Keiser Report, Max Keiser and Stacy Herbert look at Société Générale's analysis of the impact of quantitative easing on stock and bond markets. The financial services...

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November 10, 2020
China’s pork prices fall for first time in over a year as shortage eases

Pork prices in China dropped by 2.8 percent in October compared to a year ago, the National Bureau of Statistics said on Tuesday. It's the first decrease since February 2019...

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November 10, 2020
Iran’s mega South Pars gas field nears completion

Despite being technically bankrupt, Iran is nearing completion of South Pars Phase 11, one of the world's largest new natural gas developments. The net present value of Iran's supergiant South...

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November 10, 2020
Iran’s mega South Pars gas field nears completion

Despite being technically bankrupt, Iran is nearing completion of South Pars Phase 11, one of the world's largest new natural gas developments. The net present value of Iran's supergiant South...

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November 10, 2020
US dollar likely to weaken further if Biden becomes president, Citigroup warns

US currency will continue to weaken even as geopolitical risks fall after the presidential election, and the next stimulus package could be smaller than expected, Citi Private Bank strategists predict....

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November 10, 2020
US dollar likely to weaken further if Biden becomes president, Citigroup warns

US currency will continue to weaken even as geopolitical risks fall after the presidential election, and the next stimulus package could be smaller than expected, Citi Private Bank strategists predict....

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November 10, 2020
Kentucky AG joins lawsuit in Pennsylvania election case

Kentucky's Republican attorney general joined in a lawsuit Monday challenging mail-in ballots in Pennsylvania, saying what happens elsewhere in a presidential election matters to Kentuckians. Democratic Gov. Andy Beshear criticized...

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November 9, 2020
Dow surges to all-time high after Pfizer reveals its Covid vaccine is more than 90% effective

Stock markets rallied to record highs at the opening bell in New York on Monday, after drug makers Pfizer and BioNTech announced that their Covid-19 vaccine is more than 90...

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November 9, 2020
EU to slap tariffs on $4 BILLION worth of US goods over Boeing aid

The European Union (EU) said on Monday it has agreed to impose tariffs and other penalties on up to $4 billion worth of American goods and services over illegal US...

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November 9, 2020
Serbia links economic ties with Russia-led free trade zone

Russian President Vladimir Putin signed a law on Monday ratifying an agreement on a free-trade zone between the Russia-led Eurasian Economic Union (EEU) and the Republic of Serbia. The agreement,...

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November 9, 2020
Emerging markets could see influx of cash in event of Biden victory – Standard Chartered

The “more benign” political environment, if Democratic candidate Joe Biden wins the US presidential election, could be very beneficial for emerging markets, Standard Chartered Bank predicted. According to its global...

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November 9, 2020
India bets big on its farmers to rescue economy from coronavirus pandemic

The Indian government is pinning its hopes on the agricultural sector to boost the country's economy that has been hurt by the Covid-19 crisis. Bountiful rains have set the stage...

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November 9, 2020
A tax on meat to save the planet? British health experts call for new levies on food with heavy environmental impact

A carbon tax should be introduced for food producers by 2025, a group of UK health professions has said, stressing that food production accounts for the bulk of greenhouse gas...

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November 9, 2020
Carlos Ortiz gets his first PGA Tour victory at Houston Open

Carlos Ortiz held off Dustin Johnson and Hideki Matsuyama by closing with a 5-under 65 to win the Houston Open on Sunday, becoming the first Mexican to win on the...

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November 8, 2020
Russian economy to cope with coronavirus shock better than expected – European Commission

The European Commission has improved its forecast for the Russian economy, while downgrading its global outlook, as the coronavirus crisis continues to batter the world economy. Russia's gross domestic product...

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November 8, 2020
Russian economy to cope with coronavirus shock better than expected – European Commission

The European Commission has improved its forecast for the Russian economy, while downgrading its global outlook, as the coronavirus crisis continues to batter the world economy. Russia's gross domestic product...

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November 8, 2020
Global economy may NEVER return to pre-pandemic growth level – World Bank

The recovery of the global economy from the coronavirus crisis will be very slow, according to the World Bank's senior economist Patrick Kirby. He said the growth rate may never...

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November 8, 2020
Argentina seeks to expand economic ties with Russia

Moscow and Buenos Aires should develop “strategic ties” and team up for bilateral infrastructure and financial projects, Argentine President Alberto Fernandez has said. In an interview with the Sputnik news...

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