Business

June 26, 2020
US government plans 5G market intervention to break dominance of China’s Huawei

Trump administration officials have held discussions with US technology giants, private-equity firms and veteran telecom executives on strategies to boost the nation's presence in next-generation 5G technology. According to the...

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June 26, 2020
US trade deficit grows as oil exports drop in May

The US' trade deficit in goods unexpectedly widened in May , bucking forecasts for a narrower deficit, due to what analysts saw as a slide in exports, mostly driven by...

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June 26, 2020
India blocks imports of US products made in China following deadly border clash

Customs officials at major Indian ports are holding back imports coming from China, which include US goods manufactured in China by companies like Apple, Dell, Cisco, and Ford Motor Company....

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June 25, 2020
US unemployment during coronavirus crisis surpasses 47 MILLION

Another 1.48 million Americans applied for unemployment benefits last week, according to the US Labor Department. Economists expected 1.3 million initial filings as the nation grapples with a coronavirus resurgence....

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June 25, 2020
US unemployment during coronavirus crisis surpasses 47 MILLION

Another 1.48 million Americans applied for unemployment benefits last week, according to the US Labor Department. Economists expected 1.3 million initial filings as the nation grapples with a coronavirus resurgence....

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June 25, 2020
Pakistan to ground 150 pilots for cheating to get licenses

Pakistan's state-run airline said Thursday it will ground 150 pilots, accusing them of obtaining licenses by having others take exams for them after a probe into last month's crash that...

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June 25, 2020
US shale could take years to recover from the oil price crash

US oil production will probably take more than two and a half years to return to its record 13 million barrels per day (bpd) production from February. US crude oil...

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June 25, 2020
The entire American economy is just a facade for money-laundering’ – RT’s Keiser Report

In the modern fiat system, at least 20 percent of listed companies are in the business of shuffling debt, rather than manufacturing or producing anything of value, say Max Keiser...

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June 25, 2020
Wirecard goes bust after arrest of former boss over missing billions

German payments provider Wirecard announced on Thursday it has filed for insolvency. The move follows the firm's disclosure of a $2.1 billion financial hole in its accounts, which led to...

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June 25, 2020
Wirecard goes bust after arrest of former boss over missing billions

German payments provider Wirecard announced on Thursday it has filed for insolvency. The move follows the firm's disclosure of a $2.1 billion financial hole in its accounts, which led to...

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June 25, 2020
Wirecard goes bust after arrest of former boss over missing billions

German payments provider Wirecard announced on Thursday it has filed for insolvency. The move follows the firm's disclosure of a $2.1 billion financial hole in its accounts, which led to...

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June 25, 2020
India to impose stricter rules & tariffs on Chinese imports amid border row

The Bureau of Indian Standards is to impose tougher norms on at least 370 Chinese products, to ensure items that can be locally produced aren't imported, sources told the Economic...

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June 24, 2020
US considering imposing billions in new tariffs on wide range of European goods

Washington is considering new tariffs on $3.1 billion-worth of exports from France, Germany, Spain, and the United Kingdom, in a move that could cause further flare-ups in transatlantic trade tensions....

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June 24, 2020
US considering imposing billions in new tariffs on wide range of European goods

Washington is considering new tariffs on $3.1 billion-worth of exports from France, Germany, Spain, and the United Kingdom, in a move that could cause further flare-ups in transatlantic trade tensions....

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June 24, 2020
US considering imposing billions in new tariffs on wide range of European goods

Washington is considering new tariffs on $3.1 billion-worth of exports from France, Germany, Spain, and the United Kingdom, in a move that could cause further flare-ups in transatlantic trade tensions....

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June 24, 2020
US considering imposing billions in new tariffs on wide range of European goods

Washington is considering new tariffs on $3.1 billion-worth of exports from France, Germany, Spain, and the United Kingdom, in a move that could cause further flare-ups in transatlantic trade tensions....

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June 24, 2020
Venezuela in legal battle to get its gold back from Bank of England

The UK's High Court is set decide this week on the fate of Venezuela's gold held by the Bank of England, with the Venezuelan government and the opposition fighting for...

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June 24, 2020
US LNG exports crash by more than 50%

US liquefied natural gas exports have crashed by more than 50 percent since January as the US becomes the swing supplier for markets. Historically low natural gas prices from Asia...

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June 24, 2020
US dollar collapse may happen at ‘warp speed’, warns economist Stephen Roach

In another stark warning, senior fellow at Yale University and former chairman of Morgan Stanley Asia, Stephen Roach, says coronavirus may cause dramatic decline of the US dollar in the...

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June 24, 2020
Ford F-150 pickup trucks second only to iPhone in sales. Here’s why that’s important

The wildly popular Ford F-150 pickup truck with its family of Super Duty siblings is second only to the iPhone when it comes to branded consumer product sales, according to...

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June 23, 2020
Global trade faces worst plunge on record, but ‘it could have been much worse’ – WTO

The Covid-19 outbreak is set to drive global trade down by 18.5 percent in the second quarter of 2020, the World Trade Organization (WTO) has forecast. Despite being the steepest...

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June 23, 2020
US is back to feudalism, with government treating ‘Americans like peasants’ – RT’s Keiser Report

The US Federal Reserve currently owns roughly 30 percent of America's GDP and is on track to own 100 percent, Max Keiser says. “How is that different than feudal lords...

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June 23, 2020
Russia boosts gold production despite Covid-19 pandemic

Gold output in Russia continues to grow, increasing by 4.6 percent in the first three months of the year to more than 48 tons, the Union of Gold Producers of...

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June 23, 2020
Massive bankruptcies & $300 BILLION in write-downs coming for US shale

Covid-19 has created challenging conditions for global energy markets, and the US shale industry is facing “a great compression” that will result in huge losses in the first half of...

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June 23, 2020
Is this stock market bubble ‘the real McCoy’? RT’s Boom Bust investigates

Renowned investor Jeremy Grantham recently warned that the US stock market rally amid the coronavirus crisis is a sign of a ‘real McCoy' bubble that could eventually hurt many people....

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June 23, 2020
Former CEO of scandal-hit Wirecard arrested on suspicion of falsifying revenue – German prosecutors

German payments provider Wirecard's ex-CEO Markus Braun has been detained over accusations that he inflated the firm's balance sheet and revenues to make it appear stronger and more attractive for...

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June 22, 2020
Coronavirus crisis pushes poorer UK households further into debt… while rich get richer

Lower-income British workers have been hit hard by the Covid-19 outbreak, forced to borrow more money to make ends meet, while wealthy families have mostly improved their fortunes, a new...

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June 22, 2020
Gold price hits 1-month high amid rising global Covid-19 cases

The price of gold jumped to its highest in more than a month on Monday as a surge in coronavirus cases and concerns over global economic recovery pushed investors to...

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June 22, 2020
Demand for US dollar as world’s reserve currency ‘seems to be waning’ – Deutsche Bank

The currency markets are currently facing “multiple cross-currents” on rising global concerns over a potential second wave of Covid-19, said Deutsche Bank's chief Asia macro strategist Sameer Goel. According to...

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June 22, 2020
Russia mulls tax cuts for domestic IT companies to accelerate expansion of tech industry – report

Russian IT firms may enjoy significantly lower income tax and insurance payments, according to a plan laid out by Prime Minister Mikhail Mishustin. The tax break envisages a nearly twofold...

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June 22, 2020
Wirecard crisis deepens as company claims missing billions may not exist

German payments provider Wirecard has said there is a likelihood that the €1.9 billion ($2.13 billion) missing from its accounts simply does not exist. This comes after the company's CEO...

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June 22, 2020
China halts US poultry imports after coronavirus hits Tyson Foods plant

China has suspended shipments of poultry products from a plant owned by Arkansas-based meat giant Tyson Foods after hundreds of workers tested positive for Covid-19. All products sent from the...

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June 21, 2020
UK to tighten foreign takeover laws for firms vital to national security amid concerns over Chinese investment

The British government is seeking more powers to intervene into takeovers by overseas companies to prevent the “exploitation” of firms involved in battling the coronavirus pandemic and critical tech businesses....

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June 21, 2020
Another Iranian vessel carrying supplies is set to dock in Venezuela

Iran has sent its sixth cargo ship to the sanctions-hit South American nation, due to reach its destination on Sunday. Unlike previous vessels, which were carrying gasoline, this one is...

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June 21, 2020
The newest battlefield in the European gas war

The closing of a long-term deal with a major Greek gas buyer firmly positions Russian Gazprom on the Greek market, which is turning into a battlefield for LNG exporters. Across...

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June 21, 2020
Huawei may get permission to build $500mn research center in UK – report

Chinese telecom giant Huawei is set to win British government approval to build a £400-million ($494-million) center to develop chip technology in the heart of the UK's Silicon Fen, according...

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June 20, 2020
Russia’s gold production enjoys year-on-year surge of almost 10% in just ONE MONTH

Gold output in Russia continued to grow, surging by 9.6 percent from January to February compared with the same period of last year, said the country's Ministry of Finance. The...

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June 20, 2020
5G to provide high-speed cell phone connectivity to 65% of global population by 2025 – Ericsson

A total of 190 million 5G subscriptions globally are expected by the end of this year, according to the latest Ericsson Mobility Report. The figure will surge to 2.8 billion...

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June 20, 2020
No quick bounce back: Russia’s real GDP to recover in mid-2022 but ruble to remain strong, Economy Ministry says

Russia's Ministry of Economic Development has released a fresh forecast for 2019-2022. The ministry said there will be no V-shaped recovery: after a five percent plunge in 2020, real GDP...

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June 20, 2020
E-commerce may be the driver for expansion of Russian businesses in China

Online retailers can help Russian companies to expand their presence in one of the biggest consumer markets in the world, China, according to Russia's trade representative in the country. “Russia's...

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