Business

February 23, 2020
Alaska fishermen lose MILLIONS of dollars amid US-Russia sanctions war

Fishermen in Alaska are losing up to $60 million annually after access to one of their key markets was cut in 2014, when Russia imposed a food embargo in retaliation...

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February 23, 2020
Russia may soon become world’s largest producer of colored diamonds

One of Russia's top diamond producers, Alrosa, is poised to take the lead in the global colored-diamond market as soon as Australia's Argyle mine – currently the largest supplier of...

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February 22, 2020
Alaska bars, breweries propose bill rewriting alcohol laws

An agreement was reached over drinks between a bar association and a brewing association in Alaska that could rewrite alcohol laws and change how people enjoy their beverages across the...

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February 22, 2020
Biathlon champ Loginov searched in doping raid in Italy

Italian police carried out a dawn anti-doping raid on the Russia team's hotel at the biathlon world championships on Saturday. Police searched the rooms of recently crowned sprint champion Alexander...

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February 22, 2020
Mexico prevented a worse trade deal with US, but American firms will still benefit – journalist to Max Keiser

The recently signed United States-Mexico-Canada Agreement (USMCA) to replace the old NAFTA deal privileges the American economy and corporations, professor and journalist John Ackerman has told RT's Keiser Report. The...

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February 22, 2020
China could expand its solar industry by 50% in 2020

Despite the coronavirus epidemic ripping through various sectors of the Chinese economy, including the solar industry, Beijing may still significantly boost the number of solar installations this year. According to...

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February 22, 2020
Boeing buys parts for its spacecraft from private Russian firm

A private company based in the Russian city of Voronezh produces units for Boeing's Starliner that will allow the spacecraft to get power when docked to the International Space Spaction...

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February 22, 2020
Ignoring climate risks will result in global recession ‘the likes of which we’ve never seen before’ – study

Extreme weather could cause a major economic recession around the globe, but we are still underestimating those risks, new research warns. “If the market doesn't do a better job of...

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February 21, 2020
Sanctions? Russia attracts $21 BILLION in foreign investments

Foreign investors poured billions of dollars into the Russian economy last year, according to research from global accounting firm KPMG. Investors appreciated the country's economic stability, it said. Russia has...

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February 21, 2020
Between a rock and a hard place: UK trying to balance between China & US over Huawei’s 5G rollout

America's top cyber-security official has asked Britain to reconsider its decision on Huawei's 5G access. Washington's behavior is “absolutely paternalistic,” says Hilary Fordwich of the British-American Business Association. She told...

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February 21, 2020
Pakistan’s economy showing early signs of a turnaround – central bank

The economy of Pakistan has entered a growth phase, Reza Baqir, governor of the State Bank of Pakistan (SBP), has said. He added that the economy has recently stabilized. “We...

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February 21, 2020
Venezuela declares an energy emergency

Nicolas Maduro has declared an energy emergency in Venezuela in order to protect the nations oil and ensure energy security. “I declare an emergency situation in the oil industry by...

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February 21, 2020
‘Tough year for airlines’: Global air traffic could fall for 1st time since 2003 due to coronavirus

The International Air Transport Authority (IATA) has warned that declining travel demand amid the Covid-19 virus outbreak could cost global carriers tens of billions of dollars in lost revenue. The...

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February 20, 2020
Russia keeps stockpiling gold as bullion prices continue to surge

Russia has continued filling its coffers with gold, having added almost 7 tons of the precious metal to its reserves in January. The country's total gold holdings amounted to 73.2...

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February 20, 2020
Cryptocurrencies will be ‘The Night of Sorrows’ for fiat conquistadors – RT’s Keiser Report

The adoption rates of bitcoin in Latin America are skyrocketing, with the digital currency helping people “to regain their sovereignty against the conquistadors of fiat money.” The Keiser Report hosts...

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February 20, 2020
Coronavirus pandemic could wipe $1.1 TRILLION off global economy — Oxford Economics

China's GDP growth is expected to fall from six percent last year to 5.4 percent in 2020 due to the spread of the COVID-19 virus, said the latest report by...

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February 20, 2020
Brazil’s oil production jumps 20% to new record in January

Brazil's oil production jumped by 20.4 percent on the year to set a new production record of 3.168 million barrels per day (bpd) in January, thanks to the prolific pre-salt...

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February 20, 2020
Cruise stocks down but still attractive despite coronavirus, analysts say

Since the outbreak of the COVID-19 virus, the $45-billion cruise industry has come under significant pressure, with shares of ship operators falling over the last month. Analysts, however, see some...

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February 20, 2020
Cruise stocks down but still attractive despite coronavirus, analysts say

Since the outbreak of the COVID-19 virus, the $45-billion cruise industry has come under significant pressure, with shares of ship operators falling over the last month. Analysts, however, see some...

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February 19, 2020
US attempts to hurt China & Huawei ‘so badly’ will only hurt itself, Huawei USA chief tells Boom Bust

US officials said recently they have evidence that the Chinese telecoms giant Huawei has backdoor access to mobile-phone networks around the world. RT's Boom Bust welcomes Andy Purdy, chief security...

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February 19, 2020
Saudi Arabia’s oil exports dropped 11% in 2019

Saudi Arabia's oil exports dropped by 10.75 percent year on year in 2019, according to data from the Joint Organisations Data Initiative (JODI), as carried by local news outlet Mubasher....

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February 19, 2020
Venezuela slams US sanctions on Russia’s Rosneft as an attempt at grabbing control of global oil market

Russian oil giant Rosneft's investments and commercial activities in Venezuela are legal, says state energy firm PDVSA, pledging to provide the necessary support for the producer's “operational and commercial continuity.”...

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February 19, 2020
Overseas investors increase holdings of Chinese bonds despite coronavirus uncertainty

Demonstrating confidence in China, international investors continued to invest in the country's economy. Net purchases of Chinese bonds were worth 43 billion yuan ($6.1 billion) after the Spring Festival, market...

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February 19, 2020
‘Saving the big deal for later’: Trump casts doubt over India trade agreement ahead of state visit

US President Donald Trump said he was skeptical a trade deal would be inked with India when he visits the country later this month, suggesting that any new pact would...

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February 18, 2020
US court shuts down Huawei lawsuit challenging ban on sales to federal agencies

A US district court has rejected a lawsuit brought by Chinese tech giant Huawei, who sought to sue the government over a law barring it from doing business with federal...

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February 18, 2020
Only if you’re rich: Coronavirus fears spark demand for private jet travel

Wealthy travelers stuck inside or outside of China due to the deadly coronavirus outbreak have been seeking private jet operators to arrange their flights despite the huge costs. According to...

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February 18, 2020
It’s official! India overtakes UK & France to become world’s 5th LARGEST economy

India is developing into an open-market economy from its previous autarchic policies, US-based think tank World Population Review concludes in a report. “India's economy is the fifth largest in the...

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February 18, 2020
European court reinstates order for Russia to pay $50 billion for oligarch’s lost oil assets

A Dutch appeals court has reinstated an international arbitration panel's ruling that Russia should pay $50 billion in compensation to ex-shareholders of the defunct Russian oil giant, Yukos, overturning a...

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February 18, 2020
China to grant tariff exemptions on additional US goods

The Chinese government announced on Tuesday it would allow importers to apply for new tariff exemptions on nearly 700 products from the United States, including agricultural and energy goods. According...

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February 17, 2020
China accuses Australia of political bias against Huawei

The Australian government's decision to ban tech giant Huawei from its 5G rollout is "politically motivated," according to the Chinese ambassador Cheng Jingye. "It has become a sore point or...

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February 17, 2020
Chinese stocks reverse losses amid new government measures to lift markets

Chinese markets have rallied after Beijing rolled out new stimulus measures to offset the economic losses caused by the coronavirus outbreak. The Shanghai Composite started the week in the green,...

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February 17, 2020
Russia to export beef to Brazil for first time

Major Russian meat producer Miratorg has announced that the first delivery of 13 tons of beef will soon be supplied to Brazil. The company says the product will be distributed...

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February 17, 2020
Head of India’s IT industry accuses US of labor rights discrimination

The president of India's National Association of Software and Services Companies (Nasscom), Debjani Ghosh, has accused Donald Trump's government of discriminating against Indian workers seeking H-1B visas to work in...

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February 17, 2020
Moscow ready to assist Italian firms in localizing production in Russia – Foreign Ministry

The Russian government will help Italian companies operating in the country to deal with losses resulting from Western sanctions, Foreign Minister Sergey Lavrov has said. Sanctions targeting Moscow have hurt...

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February 16, 2020
Can Moscow finish Nord Stream 2 gas pipeline despite US sanctions? ‘Never say never’ says Gazprom

Russia's $10 billion Nord Stream 2 pipeline - which will pump gas more than 1,200 km to Germany - has been sanctioned by Washington, with US officials claiming Moscow can't...

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February 16, 2020
Africa’s largest oil nation could see production drop 35%

Africa's largest oil producer could see oil production fall by 35 percent as low oil prices and regulatory uncertainty threaten to prompt oil majors to postpone final investment decisions. OPEC...

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February 15, 2020
China beats US in key patents to secure technological dominance – report

Chinese companies have outpaced their US rivals in the tech patents race, filing more applications in 9 of 10 categories, including artificial intelligence and blockchain, a recent Nikkei study shows....

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February 15, 2020
Skyrocketing Tesla stock may soon make Elon Musk the richest person in the world

Tesla CEO Elon Musk may finally get his huge paycheck by mid-spring if shares of the electric carmaker stay stable and the company manages to keep its average market cap...

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February 14, 2020
New Mexico funds could help revamp management of Rio Grande

New Mexico lawmakers are considering setting aside $20 million that could be used as seed money as water managers, municipalities and farmers scramble to find ways to reduce groundwater pumping...

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February 14, 2020
Airlines’ losses set to skyrocket due to Covid-19 travel ban – UN aviation agency

Extended flight cancellations to China amid the coronavirus outbreak could cut global carriers' revenues up to $5 billion in the first quarter, according to the International Civil Aviation Organization's (ICAO)...

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