Business

August 11, 2020
‘This is the most unloved gold bull market I’ve ever seen’ – Peter Schiff

Gold and silver continue to break record highs amid the coronavirus-driven global economic turmoil. However, there still seems to be a lot of skepticism about precious metals, says veteran stockbroker...

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August 11, 2020
‘This is the most unloved gold bull market I’ve ever seen’ – Peter Schiff

Gold and silver continue to break record highs amid the coronavirus-driven global economic turmoil. However, there still seems to be a lot of skepticism about precious metals, says veteran stockbroker...

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August 11, 2020
Exports of Russian oil products to US hit 16-year high

Russia shipped over 9 million tons of oil products to the US in the first half of 2020, the highest amount since at least 2004, customs data shows. In the...

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August 11, 2020
Exports of Russian oil products to US hit 16-year high

Russia shipped over 9 million tons of oil products to the US in the first half of 2020, the highest amount since at least 2004, customs data shows. In the...

Continue Reading
August 11, 2020
Exports of Russian oil products to US hit 16-year high

Russia shipped over 9 million tons of oil products to the US in the first half of 2020, the highest amount since at least 2004, customs data shows. In the...

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August 10, 2020
Huawei named China’s MOST VALUABLE brand

A list released by Brand Alliance revealed that tech giant Huawei has become China's most valuable brand, worth some 815.1 billion yuan ($117 billion). The total value of the top...

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August 10, 2020
Coronavirus pandemic could be twice as bad for global economy as WORLD WAR

Production disruptions caused by the Covid-19 outbreak could cost the global economy twice as much as a hypothetical global military conflict, according to figures cited in a recent research by...

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August 10, 2020
India could replace China as ‘key trade & investment’ destination for UK businesses

Trade between the United Kingdom and India is expected to grow, as British businesses are looking for alternatives to China. That's according to the UK-India Business Council (UKIBC). The council's...

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August 10, 2020
India could replace China as ‘key trade & investment’ destination for UK businesses

Trade between the United Kingdom and India is expected to grow, as British businesses are looking for alternatives to China. That's according to the UK-India Business Council (UKIBC). The council's...

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August 10, 2020
India could replace China as ‘key trade & investment’ destination for UK businesses

Trade between the United Kingdom and India is expected to grow, as British businesses are looking for alternatives to China. That's according to the UK-India Business Council (UKIBC). The council's...

Continue Reading
August 10, 2020
India could replace China as ‘key trade & investment’ destination for UK businesses

Trade between the United Kingdom and India is expected to grow, as British businesses are looking for alternatives to China. That's according to the UK-India Business Council (UKIBC). The council's...

Continue Reading
August 10, 2020
Apple sales in China could crash if Trump bans WeChat

A US ban of popular Chinese messaging app WeChat may have devastating consequences for Apple, plunging the iPhone maker's sales in one of its most lucrative markets and worldwide shipments....

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August 10, 2020
Gold on its way to $4,000 but coronavirus vaccine & US election could change that course – analysts

The price of gold has surged to levels not seen since September 2011 due to investors running to safe haven assets amid global uncertainty. It has passed the $2,000 mark...

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August 10, 2020
German businesses fear Covid-19 restrictions may stick around for another year

Companies polled by a German think tank, the Ifo Institute, foresee prolonged economic pain from the coronavirus outbreak, with some firms expecting the restrictions on public life to continue for...

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August 9, 2020
Nearly 1.5 million tourists flock to Crimea after Russia eases coronavirus restrictions

Russia's Crimea welcomed about 1.5 million tourists last month and expects to receive even more visitors in August amid the rush for post-lockdown seaside vacations. According to Crimea's regional governor,...

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August 9, 2020
Chip supplier Qualcomm seeks to avert ‘costly’ US ban on exports to Huawei – report

One of the world's best-known chipmakers, Qualcomm is reportedly lobbying the US government to lift restrictions on dealing with Chinese tech giant Huawei not to lose the lucrative client to...

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August 9, 2020
Saudi Aramco profits crash 73% as coronavirus sinks oil market

The world's biggest oil exporter, Saudi Aramco, has reported massive losses for the second quarter, with its net profit nosediving 73.4 percent, as the Covid-19 outbreak crippled global demand for...

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August 9, 2020
On path to new all-time record: Russia’s forex reserves hit 12-year high

Russian gold and foreign currency holdings have risen by over $9 billion in one week and could top the previous record of over $598 billion in August, analysts polled by...

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August 9, 2020
TikTok to SUE Trump over ‘unconstitutional’ ban as Twitter joins battle for its US assets & users – reports

Twitter has reportedly joined the race for TikTok's juicy assets, while its Chinese owner seeks to sue the Trump administration, claiming that the move to force it out of the...

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August 8, 2020
Huawei will no longer produce its flagship chipsets due to US sanctions

Washington's restrictions will force Chinese tech giant Huawei to stop making the chipsets powering its flagship smartphones as soon as next month, the company has revealed. According to Richard Yu...

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August 8, 2020
Chinese Tesla competitor brushes aside rising Washington-Beijing tensions, files for US IPO

Xpeng Motors, a Chinese rival to Tesla, has filed to list its shares on the New York Stock Exchange (NYSE), becoming another Chinese electric vehicle (EV) startup seeking US listing...

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August 8, 2020
Big oil has spent nearly a million dollars on Trump’s reelection

The US oil industry appears to be backing Trump over Biden for reelection in 2020, having donated nearly $1 million to his campaign compared to only $265,000 for Biden's campaign....

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August 8, 2020
Fitch affirms Russia’s credit rating, says its Covid-19 response helps to maintain macroeconomic stability

Fitch Ratings has maintained Russia's investment grade level with a stable outlook, becoming the second of the “Big Three” credit rating agencies to keep the country's overview intact amid the...

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August 8, 2020
Fitch affirms Russia’s credit rating, says its Covid-19 response helps to maintain macroeconomic stability

Fitch Ratings has maintained Russia's investment grade level with a stable outlook, becoming the second of the “Big Three” credit rating agencies to keep the country's overview intact amid the...

Continue Reading
August 8, 2020
Fitch affirms Russia’s credit rating, says its Covid-19 response helps to maintain macroeconomic stability

Fitch Ratings has maintained Russia's investment grade level with a stable outlook, becoming the second of the “Big Three” credit rating agencies to keep the country's overview intact amid the...

Continue Reading
August 8, 2020
Fitch affirms Russia’s credit rating, says its Covid-19 response helps to maintain macroeconomic stability

Fitch Ratings has maintained Russia's investment grade level with a stable outlook, becoming the second of the “Big Three” credit rating agencies to keep the country's overview intact amid the...

Continue Reading
August 8, 2020
‘Unique discovery’: Russia unearths its largest ever color diamond in Far North

The world's leading diamond producer, ALROSA, has discovered a 236-carat rough diamond of deep amber color at its mine in the northeastern region of Yakutia. The stunning gem is the...

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August 7, 2020
US shale remains in survival mode for another year

After slashing capex plans for 2020 and idling rigs by the dozen, US shale drillers are still not ready to return to their default state of perpetual growth. Oil is...

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August 7, 2020
US shale remains in survival mode for another year

After slashing capex plans for 2020 and idling rigs by the dozen, US shale drillers are still not ready to return to their default state of perpetual growth. Oil is...

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August 7, 2020
Is bitcoin the foundation of the crypto monetary system? RT’s Boom Bust finds out

Global economic uncertainty is driving investors to alternative assets like bitcoin and gold. Boom Bust talks to Jeffrey Tucker of the American Institute for Economic Research about the difference between...

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August 7, 2020
Mark Zuckerberg making a killing during pandemic as his fortune tops $100 BILLION

Facebook founder Mark Zuckerberg's personal net worth surpassed $100 billion for first time on Thursday, after his social media company stock hit a record high on optimism about the release...

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August 7, 2020
China’s exports surge in July due to demand for medical masks & other lockdown goods

Data from China's General Administration of Customs showed on Friday the country's dollar-denominated exports rose 7.2 percent last month, well ahead of analysts' expectations. Imports fell 1.4 percent from a...

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August 7, 2020
Canada vows ‘dollar-for-dollar’ retaliation after Trump reimposes 10% tariffs on aluminum

Ottawa has threatened a tit-for-tat response to US protectionism after President Donald Trump slapped a 10 percent levy on Canadian aluminum imports, saying countermeasures would come “swiftly.” Trump announced the...

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August 6, 2020
Exxon: 20% of global oil & gas reserves may be WIPED OUT

After a grim Q2 season for Big Oil, the world's third-most valuable energy company is warning that 20% of the world's oil and gas reserves may no longer be viable....

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August 6, 2020
US should assume ‘war-time mentality’ to address China challenge, author tells Keiser Report

In the new Summer Solutions episode of the Keiser Report, Max and Stacy talk about so-called ‘China-fication' – that is, the history of China's rise and its relations with the...

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August 6, 2020
South Korea to start LNG supplies to energy-hungry Pakistan

South Korea's Posco International Corporation has won a tender to supply liquefied natural gas (LNG) to Pakistan, according to a Reuters report citing sources. The company has offered the lowest...

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August 6, 2020
Chinese video-sharing app TikTok planning to open its first European data center in Ireland

Chinese-owned technology company TikTok has announced plans to build a $500 million European data hub which will be located in Ireland. It is expected to become operational by 2022. The...

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August 6, 2020
US unemployment during Covid-19 pandemic approaches 55 MILLION

The number of new unemployment insurance claims in the United States has improved marginally for the week ending August 1, with 1.186 million initial jobless claims. That's down from the...

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August 5, 2020
The dollar is close to a Wile E. Coyote moment when it drops off the cliff & plummets – Peter Schiff

Gold prices have reached a new milestone, topping $2,000 for the first time ever. Still, most people don't really understand the significance of the rise and what it means for...

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August 5, 2020
Global oil demand will shrink by 8% in 2020 – IMF

The coronavirus crisis will lead to global oil demand dropping by around 8 percent this year compared to last year, the International Monetary Fund (IMF) said in a new report,...

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