Business

September 22, 2020
Russian banks boost gold reserves to historic high amid COVID pandemic

Investments in precious metals by Russian banks increased in August, reaching almost $7.4 billion (568 billion rubles), data released by the country's central bank (CBR) showed. In terms of gold,...

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September 22, 2020
United States is broke & the Fed knows it, it’s just blowing more air into asset bubble – Peter Schiff

The US Federal Reserve will eventually have to let interest rates rise unless it wants the dollar to become worthless, says veteran stockbroker and CEO of Euro Pacific Capital Peter...

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September 22, 2020
Global economy has no capacity to carry any more debt – Max Keiser

The hosts of the Keiser Report, Max and Stacy, look at the US national debt, which has spiked by $4.2 trillion in a year to total $26.7 trillion. Max says...

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September 22, 2020
Global economy has no capacity to carry any more debt – Max Keiser

The hosts of the Keiser Report, Max and Stacy, look at the US national debt, which has spiked by $4.2 trillion in a year to total $26.7 trillion. Max says...

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September 22, 2020
India topped its strategic petroleum reserves with $19 a barrel oil

India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly $700 million in the process, India's...

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September 22, 2020
US suspects $1.3 TRILLION in dirty money may have been laundered through Deutsche Bank over two decades

Germany's largest lender, Deutsche Bank, is reportedly suspected by the US of facilitating more than half of the $2 trillion of suspicious transactions that were flagged by the US government...

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September 21, 2020
Virtual UN meeting saps NYC of yearly hubbub, cash infusion

In a normal September, leaders of nations big and small would converge on New York this week, giving the United States' largest city a chance to show itself off as...

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September 21, 2020
Virtual UN meeting saps NYC of yearly hubbub, cash infusion

In a normal September, leaders of nations big and small would converge on New York this week, giving the United States' largest city a chance to show itself off as...

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September 21, 2020
Virtual UN meeting saps NYC of yearly hubbub, cash infusion

In a normal September, leaders of nations big and small would converge on New York this week, giving the United States' largest city a chance to show itself off as...

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September 21, 2020
Struggling Lufthansa to slash MORE jobs on top of previously announced 22,000 cuts

German flagship carrier Lufthansa announced on Monday that it will cut more jobs amid projections of a bleak future for the global airline industry in the wake of the Covid-19...

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September 21, 2020
Global stock markets sink over concerns of second COVID wave

US stocks fell sharply on Monday, extending last week's declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the...

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September 21, 2020
Global stock markets sink over concerns of second COVID wave

US stocks fell sharply on Monday, extending last week's declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the...

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September 21, 2020
LNG powered shipping fleet could double this decade

Orders for LNG-fueled vessels are soaring as the world's shipping companies are warming up to the idea of using LNG as a cleaner shipping fuel. The world's first Very Large...

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September 21, 2020
JPMorgan & top global banks moved trillions in dirty money for oligarchs & criminal networks – ICIJ report

Five major banks (Bank of New York Mellon, Deutsche Bank, HSBC, JPMorgan and Standard Chartered) processed trillions of dollars of transactions identified as suspicious, a new ICIJ report reveals. The...

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September 21, 2020
Richest 1% cause more than double CO2 emissions of poorest half of humanity – Oxfam

Research by anti-poverty charity Oxfam and the Stockholm Environment Institute reveals carbon dioxide emissions rose by 60 percent from 1990 to 2015. The report blames the wealthiest one percent for...

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September 20, 2020
FinCEN leak paints picture of indiscriminate money laundering with help of world’s largest banks as govt turns blind eye

A massive leak of internal bank documents has supposedly revealed that the world's biggest financial institutions moved more than $2 trillion in suspected dirty money for mobsters, drug cartels, and...

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September 20, 2020
Born to prevent war, UN at 75 faces deeply polarized world

Born out of World War II's devastation to save succeeding generations from the scourge of conflict, the United Nations officially marks its 75th anniversary Monday at an inflection point in...

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September 20, 2020
Iran’s currency crashes to new record low amid flaring tensions with US

The Iranian rial hit a fresh low against the US dollar on Sunday, shortly after Washington unilaterally restored sweeping sanctions on Tehran, despite opposition from the international community and its...

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September 20, 2020
Russia’s unemployment rate expected to improve to pre-crisis levels next year

Russia's labor market is set to rebound by the end of 2021, with the unemployment rate falling below five percent, according to documents related to the national budget plan. The...

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September 20, 2020
Russia’s unemployment rate expected to improve to pre-crisis levels next year

Russia's labor market is set to rebound by the end of 2021, with the unemployment rate falling below five percent, according to documents related to the national budget plan. The...

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September 20, 2020
‘Toxic debt’ is about to bring an end to American ‘game of Monopoly’ – Max Keiser

The US budget deficit is set to hit $3.3 trillion when the fiscal year ends in September, while the national debt is projected to be equal to the size of...

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September 20, 2020
Technology giants may face TikTok fate as EU seeks to toughen up Big Tech regulation

Struggling to make technology companies play by its rules, the EU may unleash measures similar to those the US imposed on TikTok, forcing them to sell some of their European...

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September 20, 2020
Russian nuclear giant Rosatom eyes 10% of lithium market by 2030

Uranium One, a unit of Russia's state-owned nuclear energy firm Rosatom, plans to begin producing lithium by 2023, targeting between 9% and 10% of the global market by 2030. “We...

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September 19, 2020
Europe is ‘far behind’ the rest of the world on 5G deployment, top industry players warn

A group of over 50 of the largest European tech and industrial firms have criticized EU members for lagging behind other countries in the rollout of 5G networks, calling for...

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September 19, 2020
Oversupply adds to grim oil demand outlook

The oil demand recovery is taking longer to materialize than many analysts initially thought, but it's not just demand, the oversupply situation in markets also continues to be a bearish...

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September 19, 2020
Economy now more important than military expenses, Russia’s budget plans show

Russia is set to cut military spending next year in favor of boosting the national economy, marking the first time in seven years the two areas have traded places in...

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September 19, 2020
Economy now more important than military expenses, Russia’s budget plans show

Russia is set to cut military spending next year in favor of boosting the national economy, marking the first time in seven years the two areas have traded places in...

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September 19, 2020
Russia continues stockpiling gold, raising forex reserves to near all-time high

Russian gold and foreign currency holdings increased to a total of $591.8 billion, according to the latest data released by the country's central bank. The international funds grew about 0.02...

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September 19, 2020
TikTok sues Trump to overturn ban that could ‘destroy online community’ – report

TikTok has reportedly filed a complaint against the Trump administration, seeking to block the looming ban on the app's operations. It marks the second time the company has tried to...

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September 19, 2020
Cape Coral canals are helping researchers find what works

Scientists and officials are using Cape Coral's cyanobacteria slicks as a living laboratory to test ways to fight freshwater algae blooms with potentially global impact. A team including city staff...

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September 19, 2020
Beijing vows to restrict ‘unreliable foreign entities’ after US moves to ban TikTok & WeChat apps

China has rolled out a mechanism allowing curbs on foreign entities harmful to its security and interests. It comes as the US pledges to bar people from downloading Chinese mobile...

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September 18, 2020
How major US stock indexes fared Friday

Stocks are closing lower on Wall Street Friday, as another zig-zag week for markets ends with a third-straight weekly loss for the S&P 500. Technology companies, including Apple, Amazon and...

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September 18, 2020
8 of 10 Premier League matches this weekend streamed in US

NBC moved eight of this weekend's 10 Premier League matches to its online streaming service Peacock behind a pay wall because it wanted to broadcast golf's U.S. Open and the...

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September 18, 2020
Global investors ready to put $9.5 billion into Russia’s Arctic LNG 2 project – report

Russia's Arctic LNG 2 (liquefied natural gas) project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial...

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September 18, 2020
Shaky market has investors scratching their heads over where to put their money – Boom Bust

The US stock market had an up-and-down day on Thursday, ending in the red in response to the Federal Reserve's policy announcements and new data showing that the economic rebound...

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September 18, 2020
US economy in decline under crushing debt & rising power of China – Ray Dalio

The world's largest economy, the United States, is exhibiting signs of decline under the mountainous debt that stunts growth, warns veteran hedge fund manager Ray Dalio. He told MarketWatch that...

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September 18, 2020
Sweeping US ban on Chinese cotton could ‘wreak havoc’ on supply chains, major industry group warns

The US' plans to block imports of cotton from China's Xinjiang region over the alleged use of forced labor could be impossible to enforce, the US apparel association said, adding...

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September 18, 2020
UBS ‘very bullish’ on gold as bank expects bullion price to surge higher

The price of safe haven gold, which has soared nearly 30 percent this year, could rise further and remain high as global uncertainties persist, according to Swiss investment bank UBS....

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September 18, 2020
China’s yuan strengthens against US dollar, could grow even stronger

Buoyed by a weaker US dollar and the fast recovery of China's economy after the coronavirus outbreak, this week the Chinese yuan (renminbi) hit its strongest level against the greenback...

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September 17, 2020
Saudi energy minister threatens oil price gamblers with ‘ouching like hell’ and market destabilization

Saudi Arabia's energy minister, Prince Abdulaziz bin Salman, has promised to punish excessive betters in the oil markets with an “ouching like hell” by way of externally influencing the market....

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