Business

The next OPEC+ meeting, initially scheduled for June 9-10, could take place earlier than expected according to a Reuters report that cites a letter from the OPEC president of Algeria...

Chinese officials have reportedly ordered major agricultural companies to pause purchases of some US farm goods, including soybeans. The move comes amid heightened tensions with Washington over Hong Kong. According...

Saudi Arabia's foreign reserves fell sharply in April, after it transferred 150 billion riyals ($40 billion) to the sovereign-wealth fund to provide investment opportunities amid the pandemic-triggered financial fallout. According...

The Centre for Monitoring Indian Economy (CMIE) said on Monday that India's unemployment rate in May rose to 23.48 percent as a result of the pandemic lockdown. The May figure...

The tanker ‘Clavel,' the last of a five-tanker Iranian flotilla, has made it to Venezuela's shores to deliver much-needed gasoline. The final delivery comes just three days after the previous...

The tanker ‘Clavel,' the last of a five-tanker Iranian flotilla, has made it to Venezuela's shores to deliver much-needed gasoline. The final delivery comes just three days after the previous...

The tanker ‘Clavel,' the last of a five-tanker Iranian flotilla, has made it to Venezuela's shores to deliver much-needed gasoline. The final delivery comes just three days after the previous...

The tanker ‘Clavel,' the last of a five-tanker Iranian flotilla, has made it to Venezuela's shores to deliver much-needed gasoline. The final delivery comes just three days after the previous...

The tanker ‘Clavel,' the last of a five-tanker Iranian flotilla, has made it to Venezuela's shores to deliver much-needed gasoline. The final delivery comes just three days after the previous...

The US personal savings rate, which shows how much of people's income is left after they pay taxes and spend money, reached a historic 33 percent last month, as Covid-19...

As US cities are gripped by riots over the death of George Floyd, someone has apparently decided to move racial tensions online, replacing some product images with banners featuring racist...

The Pobeda low-cost airline, a subsidiary of Russia's largest carrier Aeroflot, will resume flights after a two-month interruption as Russia slowly eases restrictions intended to stop the spread of coronavirus....

The offshore oil industry is facing a growing number of impossible challenges, leaving the future of the sector increasingly uncertain. Between low demand, soaring inventories, depressed prices, a global pandemic,...

The US government has invited bids for several luxury mansions in the Hong Kong area, one of the world's most expensive real estate markets, as tensions rise between Washington and...

The coronavirus outbreak has forced some farmers and producers to do as was done during the Great Depression and simply get rid of their products or consider measures to prevent...

The coronavirus outbreak has forced some farmers and producers to do as was done during the Great Depression and simply get rid of their products or consider measures to prevent...

The coronavirus outbreak has forced some farmers and producers to do as was done during the Great Depression and simply get rid of their products or consider measures to prevent...

The coronavirus outbreak has forced some farmers and producers to do as was done during the Great Depression and simply get rid of their products or consider measures to prevent...

The coronavirus outbreak has forced some farmers and producers to do as was done during the Great Depression and simply get rid of their products or consider measures to prevent...

The coronavirus outbreak has forced some farmers and producers to do as was done during the Great Depression and simply get rid of their products or consider measures to prevent...

Despite some countries ready to open borders, global passenger traffic is unlikely to return to pre-coronavirus pandemic levels for at least three years, S&P Global Ratings has warned. In research...

While revoking Hong Kong's preferential treatment may be catastrophic for the city's financial system, the move could also backfire on the US itself and even challenge the dollar, Boom Bust...

American senators are reportedly seeking to impose additional sanctions on the Nord Stream 2 underwater pipeline, meant to deliver Russian gas to Germany, as previous attempts to stop the $10...

Ratings agency Standard & Poor's (S&P) has downgraded engine maker Rolls-Royce's credit rating to junk, citing the disruption caused to global air travel from the coronavirus pandemic. The British company's...

A new report from the United Nations World Tourism Organization has said global tourism will drop by 70 percent in 2020 due to the Covid-19 pandemic. RT's Boom Bust brought...

Russia's gross domestic product (GDP) fell by 12 percent year-on-year in April, when the countrywide non-working period to contain the spread of Covid-19 was in place. The steep decline eliminated...

More than half of the world's workforce (nearly two billion people) risk losing their jobs or moving to part-time work in 2020 as a result of the economic fallout from...

Workers have gathered outside the Renault plant in the suburbs of Paris after the company revealed plans to lay off 15,000 employees worldwide, with around a third of the cuts...

More than four million Russian businesses saw their revenues falling by a third due to the coronavirus outbreak and measures to contain it, according to a report submitted to President...

The way tech startups and shale firms operate, burning billions in cash every day, could be proof that they exist only as a part of a money-laundering operation on a...

The California Senate's plan to make up the state's estimated $54.3 billion budget deficit rejects Gov. Gavin Newsom's proposed cuts to public education and health care programs — and instead...

The California Senate's plan to make up the state's estimated $54.3 billion budget deficit rejects Gov. Gavin Newsom's proposed cuts to public education and health care programs — and instead...

International carriers which have been suffering massive losses due to the coronavirus crisis are massively cutting their workforce, leaving thousands without jobs. More cuts could come as the prospects for...

International tourism is likely to shrink as much as 70 percent this year, the United Nations World Tourism Organization (UNWTO) has predicted. That will make it the biggest fall in...

Venezuela has reached a deal with the United Nations to use its gold – frozen by the Bank of England – to fund necessary food and medical purchases during the...

The impact of the coronavirus crisis on the Indian economy will be severe, according to S&P Global Ratings. It said on Thursday the country's economy will shrink five percent in...

Thousands of people have marched in Barcelona to protest Japanese auto giant Nissan's decision to close its factory in the region which will result in the loss of up to...

Europe's biggest economy, Germany, may decline by 9.3 percent in 2020, according to the worst-case scenario outlined by one of the country's largest economic think tanks, the Ifo Institute. The...

Stock markets are rallying on optimism of global economies reopening and hopes of a potential Covid-19 vaccine, with the US S&P 500 and the Dow Jones climbing to levels not...

US natural gas exports are starting to run into trouble, with dozens of shipments canceled because of weak demand. Roughly 45 LNG cargoes scheduled for export in July from US...