Business

July 16, 2020
China’s economy roars back to growth after record coronavirus contraction

China has become the first major economy to show signs of recovery and avoid recession amid the coronavirus pandemic, with its gross domestic product (GDP) rising 3.2 percent in the...

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July 16, 2020
China’s economy roars back to growth after record coronavirus contraction

China has become the first major economy to show signs of recovery and avoid recession amid the coronavirus pandemic, with its gross domestic product (GDP) rising 3.2 percent in the...

Continue Reading
July 16, 2020
China’s economy roars back to growth after record coronavirus contraction

China has become the first major economy to show signs of recovery and avoid recession amid the coronavirus pandemic, with its gross domestic product (GDP) rising 3.2 percent in the...

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July 15, 2020
‘Get out now or risk the consequences’: US threatens investors in Russian energy projects

US Secretary of State Mike Pompeo has warned investors to ditch two major Russian gas pipeline projects, Nord Stream 2 and TurkStream, or face Washington's sanctions. Speaking at a news...

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July 15, 2020
‘Get out now or risk the consequences’: US threatens investors in Russian energy projects

US Secretary of State Mike Pompeo has warned investors to ditch two major Russian gas pipeline projects, Nord Stream 2 and TurkStream, or face Washington's sanctions. Speaking at a news...

Continue Reading
July 15, 2020
‘Get out now or risk the consequences’: US threatens investors in Russian energy projects

US Secretary of State Mike Pompeo has warned investors to ditch two major Russian gas pipeline projects, Nord Stream 2 and TurkStream, or face Washington's sanctions. Speaking at a news...

Continue Reading
July 15, 2020
‘Get out now or risk the consequences’: US threatens investors in Russian energy projects

US Secretary of State Mike Pompeo has warned investors to ditch two major Russian gas pipeline projects, Nord Stream 2 and TurkStream, or face Washington's sanctions. Speaking at a news...

Continue Reading
July 15, 2020
‘Get out now or risk the consequences’: US threatens investors in Russian energy projects

US Secretary of State Mike Pompeo has warned investors to ditch two major Russian gas pipeline projects, Nord Stream 2 and TurkStream, or face Washington's sanctions. Speaking at a news...

Continue Reading
July 15, 2020
Saudi Arabia: OPEC+ to ease record cuts from August

The OPEC+ group is easing the record 9.7-million barrels per day production cuts as of August as demand has started to recover, Saudi Arabia's Energy Minister, Prince Abdulaziz bin Salman,...

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July 15, 2020
Violation of Bayer’s free speech? Boom Bust explores why California blocked cancer warning labels for Roundup weed killer

A US federal appeals court last month rejected California State's bid to require pharmaceutical giant Bayer to label its glyphosate-based weed killer Roundup with a cancer warning. According to the...

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July 15, 2020
Russia’s Gazprom reports losses as gas sales plummet amid coronavirus pandemic

Gazprom stock plunged on Wednesday after the Russian energy giant reported its first quarterly loss in nearly five years as the coronavirus outbreak crippled gas demand and led to the...

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July 15, 2020
Discovery of new oil & gas deposit may be a game-changer for Pakistan

Pakistan's energy major MOL Group has announced the discovery of a new oil and gas reservoir in the Kohat District of Khyber Pakhtunkhwa. The discovery could ease the nation's heavy...

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July 15, 2020
China may test digital yuan on country’s biggest food delivery app

The People's Bank of China may test its sovereign digital currency on a popular food delivery service run by Meituan Dianping, a platform with 450 million users in hundreds of...

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July 14, 2020
China slaps sanctions on US arms maker Lockheed Martin over missile sales to Taiwan

Beijing is imposing sanctions on US arms firm Lockheed Martin for its involvement in a missile deal with Taiwan, which China considers part of its territory. The move could further...

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July 14, 2020
China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic

China's customs data beat expectations of decline on Tuesday, showing that exports and imports grew significantly in June. The positive data comes as restrictions eased and countries started reopening their...

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July 14, 2020
Bitcoin tailor-made for India, entrepreneur tells RT’s Keiser Report

In May, after almost a two-year ban on crypto exchanges in India, the country's Supreme Court ruled against the government's attempts to shut them out of the banking system. Keiser...

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July 14, 2020
Russia now makes more money from gold than natural gas exports

Russia's surging gold exports have for the first time exceeded exports of natural gas, data from the Federal Customs Service and the central bank (CBR) shows. According to the statistics,...

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July 14, 2020
US swaps Venezuelan fuel oil for Russian products

The United States has been raising its imports of fuel oil from Russia over the past year and a half after the US imposed sanctions on Venezuela's exports, Reuters reported...

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July 13, 2020
Tesla becomes 10th largest US company by market value after stock breaks all-time high

Shares of US electric car maker Tesla extended gains to a fresh record high on Monday, pushing the value of the company past $330 billion. Investors continue to bet that...

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July 13, 2020
Oil price crash sparks a wave of banking mergers in the Middle East

As a result of reduced demand and the fallout from the oil price war, Middle East banks are being forced to merge just to stay afloat. The historic oil price...

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July 13, 2020
Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

The $3 trillion rescue plan by the US Federal Reserve to limit the economic damage from the Covid-19 pandemic is fueling excesses across US capital markets, investors say. The Fed...

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July 13, 2020
100,000 mail-in votes went uncounted in California’s primary

More than 100,000 mail-in ballots were rejected by California election officials during the March presidential primary, according to data obtained by The Associated Press that highlights a glaring gap in...

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July 13, 2020
Russia supplies first shipment of Arctic oil to China

Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amounting to 144,000 tons of crude was delivered to...

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July 13, 2020
China’s 5G phone shipments see ‘explosive growth,’ gaining larger share of mobile phone market

Shipments of 5G phones in China reached 17.51 million units last month, according to data from the China Academy of Information and Communications Technology (CAICT). The figure accounted for 61.2...

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July 12, 2020
China set to fall short on US energy purchases

China and the US agreed under phase-1 of the trade deal that the Asian nation would buy some $26 billion of US energy this year, but China is unlikely to...

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July 12, 2020
China set to fall short on US energy purchases

China and the US agreed under phase-1 of the trade deal that the Asian nation would buy some $26 billion of US energy this year, but China is unlikely to...

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July 12, 2020
Russia starts building world’s largest & most powerful nuclear icebreaker for Arctic sea voyages

Russia's Zvezda shipyard has begun construction of the first Leader-class nuclear icebreaker, according to Rosatom subsidiary Rosatomflot. The flagship vessel will be named ‘Russia'. “It will become the most powerful...

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July 12, 2020
Russia starts building world’s largest & most powerful nuclear icebreaker for Arctic sea voyages

Russia's Zvezda shipyard has begun construction of the first Leader-class nuclear icebreaker, according to Rosatom subsidiary Rosatomflot. The flagship vessel will be named ‘Russia'. “It will become the most powerful...

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July 11, 2020
Over 60 percent of travelers plan to reduce trips in post-pandemic world – IATA survey

Most people are planning to avoid travel even after the pandemic subsides due to health risks and economic uncertainties, a recent poll by the International Air Transport Association (IATA) shows....

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July 11, 2020
Russia continues stockpiling gold, adding $2.7 billion to forex reserves

Russian gold and foreign currency holdings hit almost $569 billion as of July 1, according to the latest data released by the country's central bank. The international funds increased by...

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July 11, 2020
An offer you can’t refuse? Trump slaps France with 25% tariffs, but gives it 180 days to ‘rethink’ taxing Apple, Google & others

US President Donald Trump has imposed a 25 percent import duty on French goods in an effort to scuttle the country's digital services tax – making it clear that Paris...

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July 10, 2020
World’s top grain exporter Russia keeps global supplies high despite Covid-19 pandemic

Exports of Russian grain are expected to total 41.7 million tons in the current agricultural season, according to the Russian Federal State Statistics Service. Supplies of wheat to the global...

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July 10, 2020
Oil could ‘pretty easily’ rebound to $150 a barrel despite crashing prices this year, analysts predict

After having gone below zero this year due to the coronavirus pandemic and to disagreements between global oil producers, the price of crude has all the chances of rebounding significantly...

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July 10, 2020
RT’s Boom Bust explores what’s wrong with the US healthcare system & how to make it work better

Hundreds of primary care facilities could be set up across the United States in the midst of the Covid-19 pandemic. Boom Bust brings in some expert analysis on the move...

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July 10, 2020
China’s aviation industry takes $5-BILLION hit from coronavirus pandemic

China's Civil Aviation Administration (CAAC) revealed on Friday that the nation's air travel industry has lost 34.25 billion yuan ($4.89 billion) in the second quarter of the year, slightly less...

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July 10, 2020
Can India really shut down oil supply to China?

Threats to oil shipping routes are nothing new to the oil market. It has endured Iran seizing tankers in the Strait of Hormuz, and it has endured Iran's repeated threats...

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July 9, 2020
Alibaba dethrones Facebook as world’s sixth-most valuable company

Shares of Chinese e-commerce giant Alibaba soared over 10 percent, allowing it to overtake US social media firm Facebook by market capitalization and climb higher among the world's most valuable...

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July 9, 2020
‘India awaits you all’: PM Modi says ‘doors are open’ for companies across the world to invest

India will lead the post-Covid-19 global economic revival, according to Prime Minister Narendra Modi, who was addressing the India Global Week 2020 virtual conference on Thursday. The three-day forum is...

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July 9, 2020
‘Gold is the real bitcoin,’ says asset manager after bullion price smashes decade high

The traditional safe haven asset, gold, topped $1,800 this week – the highest level in more than nine years. Analysts say the yellow metal's rally is just getting started. “I...

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July 9, 2020
Embarrassment of riches? Jeff Bezos breaks own wealth record AGAIN amid coronavirus misery

Thanks to his company's stock market performance, Amazon founder Jeff Bezos keeps getting richer by the week. After adding another 10 billion to his fortune in seven days, his net...

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