Business

October 14, 2020
Covid pandemic will make poor poorer & rich richer, chief research analyst tells Boom Bust

The International Monetary Fund has revised its prediction of global growth for 2020, warning of a “long, uneven and uncertain” recovery. Prospects have worsened significantly in some emerging markets and...

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October 14, 2020
India to bounce back from Covid crisis with impressive growth to become fastest-growing emerging economy – IMF

The Indian economy, which has been severely hit by the coronavirus pandemic, will start recovering from the “horrible crisis” if the government ramps up efforts on both the fiscal and...

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October 14, 2020
Market value of Chinese companies reaches record high

The market capitalization of all companies trading on China's stock exchanges has reached a record $10 trillion, as investors bet on the world's second biggest economy amid coronavirus uncertainty. The...

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October 14, 2020
The queens return to Ocean Drive as their Palace struggles to stay open

A drag queen in a hot pink ruffled gown and black stiletto heels strutted through the Palace Bar on Ocean Drive on Friday afternoon. A young man came running from...

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October 14, 2020
Russia considers issue of digital ruble as demand for cashless payments grows

The high level of development of financial technologies in Russia, and the growing share of non-cash payments make the issue of launching the digital ruble more relevant, according to the...

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October 14, 2020
Why Saudi Arabia may be forced to start another oil price war

Saudi Arabia and Russia are both suffering from low oil prices and economic crises, and with demand not recovering fast enough we may soon see another oil price war. The...

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October 14, 2020
Russian natural gas exports to Europe recovering from coronavirus energy slump

Germany has become the largest consumer of Russian gas in Europe after it increased exports of the blue fuel more than twofold in one month, fresh data from Russian customs...

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October 14, 2020
Fellowships helping former players get NFL jobs

Lance Schulters faced a dilemma when his decade as an NFL player was ending. Schulters knew he wanted to continue in the game, possibly in coaching. The problem: He was...

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October 14, 2020
Fellowships helping former players get NFL jobs

Lance Schulters faced a dilemma when his decade as an NFL player was ending. Schulters knew he wanted to continue in the game, possibly in coaching. The problem: He was...

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October 14, 2020
The Latest: India reports over 63,000 new coronavirus cases

NEW DELHI — India has confirmed more than 63,000 new cases of the coronavirus, an increase of over 8,000 from the previous day but still far fewer than it was...

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October 14, 2020
The Latest: India reports over 63,000 new coronavirus cases

NEW DELHI — India has confirmed more than 63,000 new cases of the coronavirus, an increase of over 8,000 from the previous day but still far fewer than it was...

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October 13, 2020
How Huawei survives on European market despite Trump’s pressure – RT’s Boom Bust investigates

Washington has ramped up pressure against Huawei to shut down the Chinese telecom giant's 5G reach worldwide. However, the attempt to block Huawei from accessing semiconductors is failing in parts...

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October 13, 2020
Saudi Arabia opens its market for more Russian exports

As Russia seeks to expand exports to Persian Gulf states, more of the country's producers have been granted access to one of the major markets of the region, Saudi Arabia,...

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October 13, 2020
Keiser Report explores if bosses should reimburse employees for toilet paper in ‘work from home’ era

The hosts of the Keiser Report look at the difference between Europe and America during the pandemic. In the Netherlands, workers are bargaining for the right to be reimbursed €2...

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October 13, 2020
Keiser Report explores if bosses should reimburse employees for toilet paper in ‘work from home’ era

The hosts of the Keiser Report look at the difference between Europe and America during the pandemic. In the Netherlands, workers are bargaining for the right to be reimbursed €2...

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October 13, 2020
China’s exports & imports hit record highs as economy recovers from Covid-19

China's economic recovery continued to gain momentum last month, with exports posting the strongest performance in more than a year and imports soaring at the fastest pace since the start...

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October 13, 2020
China’s exports & imports hit record highs as economy recovers from Covid-19

China's economic recovery continued to gain momentum last month, with exports posting the strongest performance in more than a year and imports soaring at the fastest pace since the start...

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October 13, 2020
US killing dollar with addiction to ‘ever-increasing doses of monetary heroin’ – Peter Schiff

Stock markets tanked as US President Donald Trump abandoned stimulus talks until after the election. Trump is now in the process of out-Democrating the Democrats on the stimulus issue, economist...

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October 12, 2020
Security guard jailed in deadly shooting at Denver protests

A private security guard working for a Denver TV station was behind bars Monday and accused in the deadly shooting of a man during dueling right- and left-wing weekend protests,...

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October 12, 2020
US box office may plunge over 80% this year as Covid-19 forces Hollywood to push back blockbuster releases

The uncertainty triggered by the coronavirus crisis that has led to delays of big-budget films offers grim prospects for the US box office, an analyst from research company MoffettNathanson believes....

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October 12, 2020
Dump the dollar: Goldman warns US currency could plummet

Investment banking giant Goldman Sachs has recommended short positions against the US dollar, arguing that the risks arising from Covid vaccine trials and the US presidential election are skewed to...

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October 12, 2020
Global stocks hit multi-week highs on China optimism & hopes for more coronavirus stimulus

Stocks in Europe and Asia as well as US futures traded higher on Monday as investors bet on positive economic data from China and expect US lawmakers to pass a...

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October 12, 2020
Lion’s share of Russia’s Arctic LNG destined for Asia

Russian gas producer Novatek has announced plans to ship 80 percent of the liquefied natural gas (LNG) from its Arctic LNG 2 plant to Asian markets via the Northern Sea...

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October 12, 2020
Lion’s share of Russia’s Arctic LNG destined for Asia

Russian gas producer Novatek has announced plans to ship 80 percent of the liquefied natural gas (LNG) from its Arctic LNG 2 plant to Asian markets via the Northern Sea...

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October 12, 2020
Chinese IPOs on US exchanges accelerated under Trump – report

Pressure on Chinese firms has failed to stop them from listing on the US stock market, with the number of IPOs during Trump's four years in office almost reaching those...

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October 11, 2020
Amid COVID, many businesses in precarious spot as 2020 ends

The final three months of the year, usually a boom time for many small businesses thanks to holiday shopping and celebrations, looks precarious as the coronavirus maintains its grip on...

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October 11, 2020
US cash infusions led to the rise of zombie companies – RT’s Keiser Report

As the US government pumped trillions of dollars into the economy in an attempt to mitigate the impact of Covid-19, the government aid is turning more and more firms into...

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October 11, 2020
China’s Huawei hopes to hold on to Europe’s 5G networks amid US sanctions pressure

Despite US attempts to cut off the world's largest telecom equipment supplier from major markets, Huawei says it can still assist its European customers in developing key 5G infrastructures. Huawei...

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October 11, 2020
Russian car sales rebound again as coronavirus continues to push European auto markets down

Demand for new cars rose in Russia last month, with sales surging as much as 3.4 percent compared to the same period last year, while growing coronavirus uncertainties still affect...

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October 11, 2020
Libya’s oil industry lifts force majeure on its biggest oilfield

Libya's National Oil Corporation (NOC) has announced it is ending force majeure on the Sharara oilfield, the nation's largest deposit, marking another milestone for the recovery of the country's oil...

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October 10, 2020
Kentucky coal miner dies at Bell County surface mine

An eastern Kentucky coal miner was killed while working at a surface mine in Bell County, state officials said Saturday. Douglas Slusher died Friday after being struck in the chest...

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October 10, 2020
Kentucky coal miner dies at Bell County surface mine

An eastern Kentucky coal miner was killed while working at a surface mine in Bell County, state officials said Saturday. Douglas Slusher died Friday after being struck in the chest...

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October 10, 2020
Church of England dumps all ExxonMobil stock

The Church of England Pensions Board divested this week all its shares in ExxonMobil since the US supermajor has failed to set targets to cut Scope 3 emissions. The Church...

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October 10, 2020
Covid-19 will push as many as 150 MILLION people into extreme poverty by 2021 – World Bank

Extreme global poverty is expected to rise in 2020 for the first time in over 20 years due to the disruption caused by the “extraordinary” coronavirus crisis, the World Bank...

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October 10, 2020
China ramps up digital currency pilot testing with transactions topping 1.1 billion yuan

The People's Bank of China (PBOC) said that 3.13 million transactions have been processed using the nation's sovereign digital currency as part of a series of ongoing pilot programs in...

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October 9, 2020
Twitter tightens limits on candidates ahead of US election

Twitter is imposing tough new rules that restrict candidates from declaring premature victory and tighten its measures against spreading misinformation, calling for political violence and spreading thoughtless commentary in the...

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October 9, 2020
Tehran accuses Washington of ‘economic terrorism’ after US sanctions major Iranian banks

Iran's ambassador to the United Nations, Majid Takht-Ravanchi, has condemned US sanctions against Iranian banks as an act of economic terrorism, designed to create suffering and social unrest with the...

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October 9, 2020
Political attacks on Huawei show US & Britain want to erect digital iron wall all over the world, economist tells Boom Bust

The British Parliament's defense committee claimed it had found ‘clear evidence' that telecoms giant Huawei had colluded with the Chinese state. It said the UK may need to remove all...

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October 9, 2020
Boeing’s troubled 737 MAX could return to service next month – Ryanair

European carrier Ryanair said on Friday it expects Boeing's 737 MAX aircraft to return to service in the United States as soon as next month, which would allow the Irish...

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October 9, 2020
Boeing’s troubled 737 MAX could return to service next month – Ryanair

European carrier Ryanair said on Friday it expects Boeing's 737 MAX aircraft to return to service in the United States as soon as next month, which would allow the Irish...

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