Business

April 27, 2020
Do Russian grain export limits threaten global food security?

With the coronavirus crisis already triggering concerns over food security, some saw the depletion of Russian export quotas for grain as a new and alarming signal. What happened? Earlier this...

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April 27, 2020
Oil prices tumble again amid fears storage facilities will run out of space

Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led...

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April 27, 2020
Oil prices tumble again amid fears storage facilities will run out of space

Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led...

Continue Reading
April 27, 2020
Oil prices tumble again amid fears storage facilities will run out of space

Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led...

Continue Reading
April 27, 2020
Oil prices tumble again amid fears storage facilities will run out of space

Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led...

Continue Reading
April 27, 2020
Oil prices tumble again amid fears storage facilities will run out of space

Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led...

Continue Reading
April 27, 2020
Oil prices tumble again amid fears storage facilities will run out of space

Futures for major global crude benchmarks Brent and US West Texas intermediate (WTI) were down on Monday, as the coronavirus outbreak continued to rattle global energy markets. US oil led...

Continue Reading
April 27, 2020
‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’

European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action....

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April 27, 2020
‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’

European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action....

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April 27, 2020
‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’

European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action....

Continue Reading
April 27, 2020
‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’

European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action....

Continue Reading
April 27, 2020
‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’

European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action....

Continue Reading
April 27, 2020
‘Bleeding cash’: Airbus warns of deeper job cuts with ‘survival at stake’

European plane maker Airbus has told its 135,000 employees to brace for potentially deeper job cuts amid the Covid-19 crisis, as the company's survival is at stake without immediate action....

Continue Reading
April 27, 2020
Volkswagen resumes production at Europe’s largest car factory after Covid-19 shutdown

The world's largest carmaker, Volkswagen, resumed work on Monday at its biggest factory in Wolfsburg, Germany, amid eased coronavirus lockdown rules. VW says it wants to give workers time to...

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April 27, 2020
Russia limits grain exports to avoid domestic price spikes amid global coronavirus crisis

The world's top wheat exporter, Russia, has capped grain shipments until July as the government quota to secure the domestic market amid the coronavirus crisis has been reached. However, shipments...

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April 26, 2020
Plan B? Branson reportedly mulls selling Virgin Atlantic as he waits for bailout

Billionaire Richard Branson wants to find a buyer for Virgin Atlantic by the end of May as talks to save the airline from the coronavirus-spurred collapse have still not resulted...

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April 26, 2020
China boosts oil imports from Russia, while slashing purchases from Saudi Arabia

Shipments of Russian crude oil to China increased more than 30 percent in March compared to a year earlier while Saudi imports of the commodity sank, Reuters reported, citing Chinese...

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April 26, 2020
The shale suffering has only just begun

A few weeks before the summer driving season begins, US gasoline consumption has plummeted to levels last seen in the late 1960s, due to the lockdowns to contain the spreading...

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April 26, 2020
Boeing used ‘FALSE CLAIMS’ to ditch $4 billion deal, Brazil’s Embraer says

Brazilian aircraft company Embraer has threatened to seek damages from US aerospace giant Boeing, after the latter “wrongfully terminated” a $4.2 billion merger deal. In a statement issued on Saturday,...

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April 25, 2020
Saudi Arabia to take on billions in debt to survive the oil price crisis

Saudi Arabia may have to borrow as much as $58 billion this year to cover a budget shortfall caused by the oil price slump, Bloomberg reports, citing Finance Minister Mohammed...

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April 25, 2020
Physical gold is the ‘perfect hedge’ against all risks & financial system’s crash, adviser on precious metals tells RT

As investors seek safe haven assets during this crisis, analysts are getting more bullish on gold, projecting its price to surge. RT talked to Claudio Grass, a Switzerland-based precious metals...

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April 25, 2020
Disinfectant riff is latest of many Trump science clashes

What President Donald Trump says and does often flies in the face of mainstream science. Coronavirus and the idea of injecting disinfectants is only the latest episode. When a rare...

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April 24, 2020
Air France-KLM to get €10 BILLION Covid-19 aid in loans from France & Netherlands

The Dutch government will provide up to €4 billion in emergency coronavirus aid to the KLM flagship air carrier. Its parent company, Air France-KLM, will also receive €7 billion from...

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April 24, 2020
Handing out free cash to citizens as part of coronavirus relief will lead to hyperinflation in Russia – Central Bank

Distributing money to people as part of coronavirus relief measures could be catastrophic in terms of inflation, according to the Bank of Russia Governor Elvira Nabiullina. “If the Central Bank...

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April 24, 2020
Russia cuts key interest rate amid coronavirus lockdown & plunging oil prices

The Bank of Russia slashed its interest rate by 50 basis points on Friday, for the first time since October 2019, to 5.5 percent. The regulator said that further reductions...

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April 24, 2020
‘Gold mines right now are literally GOLD MINES,’ Peter Schiff tells RT’s Boom Bust

Jobless claims continued stockpiling in the US, having topped 26 million over the past five weeks. The government is working to improve stimulus measures as the pandemic continues to ravage...

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April 24, 2020
European markets sink on worries over EU stimulus, coronavirus drug delay

Stock markets in Europe opened lower on Friday as traders focused on the continued lockdown across the continent and reports that a study into a potential Covid-19 treatment was halted...

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April 24, 2020
The oil market crash is far from over

US crude benchmark West Texas Intermediate (WTI) prices may have steadied somewhat after a wild couple of days, but the physical market for crude is still collapsing. Energy stocks posted...

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April 23, 2020
Trump’s tough talk on Iran ‘boosts’ oil prices – but demand & storage issues persist

Traders credited US President Donald Trump's threats to sink Iranian patrol boats in the Persian Gulf for the sharp increase in oil futures, just days after lack of storage and...

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April 23, 2020
Germany’s flag-carrier airline Lufthansa in ‘intensive negotiations’ for state aid to stay afloat

Lufthansa is eyeing state aid to secure its solvency amid the Covid-19 pandemic, the airline has confirmed in a statement. The information comes two weeks after CEO Carsten Spohr said...

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April 23, 2020
Germany’s flag-carrier airline Lufthansa in ‘intensive negotiations’ for state aid to stay afloat

Lufthansa is eyeing state aid to secure its solvency amid the Covid-19 pandemic, the airline has confirmed in a statement. The information comes two weeks after CEO Carsten Spohr said...

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April 23, 2020
Germany’s flag-carrier airline Lufthansa in ‘intensive negotiations’ for state aid to stay afloat

Lufthansa is eyeing state aid to secure its solvency amid the Covid-19 pandemic, the airline has confirmed in a statement. The information comes two weeks after CEO Carsten Spohr said...

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April 23, 2020
Germany’s flag-carrier airline Lufthansa in ‘intensive negotiations’ for state aid to stay afloat

Lufthansa is eyeing state aid to secure its solvency amid the Covid-19 pandemic, the airline has confirmed in a statement. The information comes two weeks after CEO Carsten Spohr said...

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April 23, 2020
Keiser Report digs into the sudden rise of IMF with half the world now knocking on its door

The International Monetary Fund (IMF) said that half of the crisis-hit world has asked for emergency funding amid the Covid-19 pandemic. According to the fund, it is able to lend...

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April 23, 2020
US weekly unemployment hits 4.4 million, bringing coronavirus lockdown total to more than 26 million

The US Labor Department said on Thursday that unemployment has continued to rise at a historically unprecedented pace. Another 4.4 million applications filed last week has brought the total in...

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April 23, 2020
Indian refineries slash Middle East oil imports as storage fills up

Due to plummeting fuel demand and overflowing storage capacity, at least three oil refiners in India have asked for lower crude oil imports for May from the Middle East, including...

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April 23, 2020
US unemployment headed for 27 MILLION as pandemic erases all new jobs created since 2008 financial crisis

With the US Labor Department set to reveal the number of weekly jobless claims on Thursday, economists expect another 4.5 million Americans to have applied for unemployment benefits for the...

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April 23, 2020
Brent crude recovers as military spat between US and Iran overshadows investors’ fears over storage exhaustion

The price of a barrel of Brent crude oil has climbed by more than 10 percent to $22.50 (ICE) on Thursday amid renewed military tensions between the US and Iran....

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April 22, 2020
‘Tables turned’: Investors who dismissed gold as ‘useless pet rock’ now see it as asset during coronavirus crisis – Max Keiser

It is “ironic” that gold, once dismissed as a useless liability by many top economists and investors, is “now considered an asset” as its price surges amid the Covid-19 crisis,...

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April 22, 2020
Russian Urals crude sinks below $12 amid epic oil market meltdown

The unprecedented oil market crash this week has put Russian crude under pressure, with the Urals blend falling by almost $6 to trade below $12 per barrel, according to energy...

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