Business

The Chinese Ministry of Commerce has reported that the country's trade improved in March, following a dramatic collapse caused by the Covid-19 pandemic in the first two months of the...

The Organization of the Petroleum Exporting Countries and allied oil producers will decide on Friday whether Mexico's proposal to reduce its daily output is enough to secure a deal to...

As the world waits for the Organization of the Petroleum Exporting Countries (OPEC) and allied oil majors to finally sign a deal on output cuts to stabilize the market, analysts...

The number of Americans seeking unemployment benefits continued to surge at unprecedented levels, bringing the total number of jobless claims to more than 16 million over three weeks. RT's Boom...

Coronavirus tanked global markets, but for grain producers like Russia, the pain was eased by a surge in prices. More bad news is on the horizon, however, as virus-induced labor...

American aviation giant Boeing could cut its more than 150,000-strong workforce by around 10 percent as the Covid-19 pandemic continues to take a toll on the global airline industry, according...

OPEC+ has said the proposed cut of 10 million barrels per day tentatively agreed after marathon talks would only happen with Mexico's nod. The country, which is hellbent on boosting...

Following a brief surge, crude prices slumped again on Thursday, while OPEC and major producers led by Russia are still discussing a new output cut deal, expected to be a...

Crude prices jumped 12 percent on Thursday after the Organization of the Petroleum Exporting Countries (OPEC) and major producers led by Russia agreed to cut output by 20 million barrels...

Automobile producers across the world have accelerated efforts to restart their factories amid the Covid-19 pandemic which has sent the auto industry into the worst tailspin since the 2008-2009 financial...

The US Labor Department reported on Thursday that the jobless rolls continued to grow due to the Covid-19 lockdown, with 6.6 million Americans filing first-time unemployment claims in the week...

New York's working-class citizens, essential to the economy, are the most vulnerable amid the ongoing pandemic, due to poor healthcare services in the areas where they live. Max Keiser and...

Increased panic buying of food due to coronavirus lockdowns has led to price spikes for the world's two staple grains, rice and wheat. Importers rushed to stockpile the goods, while...

Production declines across the US shale patch as companies reduce drilling and spending cannot be viewed as a voluntary US cut aimed at supporting oil prices, Vladimir Putin's Press Secretary...

The coronavirus pandemic is likely to spark an unprecedented fall in global trade as well as an economic crisis rivaling the Great Depression, the head of the World Trade Organization...

Russian President Vladimir Putin has instructed the government and the Central Bank to develop an additional business support program amid the COVID-19 outbreak. The program should be finalised within five...

As the Covid-19 pandemic continues to spread in the United States, a record single-day number of more than 1,800 fatalities has been reported on Tuesday. It brings the total number...

European stock markets traded lower on Wednesday after eurozone finance ministers failed to reach a deal on additional stimulus to weather the economic impact of the Covid-19 pandemic. The pan-European...

The Bank of France said on Wednesday that the country's economy shrank around six percent in the first quarter of this year, its worst performance since the end of WWII....

The coronavirus pandemic and the oil price collapse are rapidly deteriorating the sovereign rating outlook - with more multi-notch downgrades on the way, Fitch Ratings said in a statement. “We...

Germany's largest airline Lufthansa is cutting its fleet, as the Covid-19 pandemic keeps biting the world's economies. The carrier will also stop the operations of its low-cost subsidiary, Germanwings amid...

The US stock market has rallied for a second day in a row on hopes that the Covid-19 pandemic is slowing and the global economy is getting back to business....

Wall Street opened higher on Tuesday, building on the previous day's gains, as investors hope the slowing growth of the Covid-19 pandemic will speed up the process of restarting the...

As the global economy is struggling with the impact of the Covid-19 pandemic, concerns are growing about the stability of the international monetary system. RT's Keiser Report is joined by...

“I would use tariffs, if I had to. I don't think I'm going to have to,” US President Trump told media on Sunday as quoted by CNBC, in response to...

Stocks in Europe opened stronger on Tuesday, following gains in US and Asia as investors' fears about coronavirus and its effects on the global economy subside. The pan-European Stoxx 600...

The British pound has fallen sharply in value compared to the dollar and euro following coronavirus-stricken UK PM Boris Johnson's admission to an intensive care unit after his condition “worsened”...

The oil market could be put under "extreme physical pressure" if major global oil producers fail to reach a deal to cut output, Fitch Solutions has said. According to the...

US stock markets are surging higher on Monday following news that the death rate from Covid-19 in New York State and the worst-hit European countries is declining. The Dow Jones...

France is likely to see its worst post-war economic slowdown this year due to the coronavirus pandemic, much worse than it faced in 2009 after the global financial crisis, said...

Stock markets gained on Monday on the positive news that the coronavirus pandemic may be slowing down in some parts of the world, giving hope to investors that global business...

Russia, Saudi Arabia, the United States, and other countries need to bring stability to the markets as the world faces "probably the greatest recession ever," said Kirill Dmitriev, CEO of...

US President Donald Trump has promised to impose “very substantial tariffs” on imported oil, unless Saudi Arabia and Russia reach a deal to push crude prices up, just as oil...

Four more deaths have been reported in South Carolina, but the availability of hospital beds has improved, state health officials said. The four additional deaths along with 132 new cases...

As stay-at-home orders to battle the coronavirus are effective in most states, the virus-related restrictions have already shed 29 percent of US daily output, Moody's Analytics warns as cited by...

The swings in the oil market are mainly caused by the coronavirus pandemic and the lack of a deal between the OPEC and major exporters of crude. However, some analysts...

As the coronavirus landed in Europe and the US, the former epicenter of the outbreak, China, has exported to other countries medical supplies worth $1.45 billion (10.2 billion yuan) to...

The main stock index of Saudi bourse rose nearly two percent despite a delay in talks between the Organization of the Petroleum Exporting Countries (OPEC) and major oil producers. The...

Calling on Russia and Saudi Arabia to urgently resolve the global oil output crisis, President Donald Trump said he will do whatever it takes – except for cutting the US'...

A fall in oil prices intensified by Saudi Arabia's actions has dealt a deadly blow to US shale oil companies, but “counterproductive” measures that harm all oil producers may force...