Business

December 12, 2019
China’s aviation regulator questions safety of Boeing 737 MAX design changes

There are “important concerns” over the reliability and security of Boeing's design changes to the grounded 737 MAX plane, the Chinese aviation watchdog said on Thursday. Liu Lusong, a spokesperson...

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December 12, 2019
German telecom chooses China’s Huawei to build its 5G network despite US pressure

One of Germany's leading mobile carriers, Telefonica Deutschland, is turning to Huawei and Nokia to help with the rollout of the national 5G network, ignoring US pressure to reject the...

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December 12, 2019
Valuation of world’s most valuable company Saudi Aramco hits $2 TRILLION

The state-owned Saudi oil company's stock briefly surged to 38.7 riyals ($10.32) per share on Thursday during the second day of public trading. The kingdom's record IPO has reached the...

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December 11, 2019
Pakistan looks to buy Russian made SSJ-100 passenger airliners

The national carrier of Pakistan may purchase Sukhoi Superjet 100 (SSJ-100) planes, according to Russian Industry and Trade Minister Denis Manturov, who is currently in Islamabad on an official visit....

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December 11, 2019
China quietly ramps up oil production in Iran

Following the strategic partnership Tehran inked with Beijing earlier this year, China has moved to ramp up oil production in Iran's prolific West Karoun area. The supergiant Azadegan oil field,...

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December 11, 2019
Unbanked population: RT’s Boom Bust looks into whether online banking is disenfranchising the poor

The global banking sector has been experiencing a major shakeup lately, with banks cutting jobs and closing branches to save money. Boom Bust is joined by Bartlett Naylor, financial advocate...

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December 11, 2019
Saudi Aramco shares rally 10% on stock market debut for world’s biggest company

Shares of the Saudi state-owned oil company hit their daily limit on Wednesday, surging above their initial public offering (IPO) price to make Aramco the largest listed company in the...

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December 11, 2019
US, Mexico and Canada ink new trade agreement replacing NAFTA

Officials from Canada, Mexico and the United States have finalized a trade deal that will replace the 25-year-old North American Free Trade Agreement (NAFTA). The new pact, called the US-Mexico-Canada...

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December 10, 2019
Lavrov says US-Russia trade INCREASED to $27bn under Trump – all despite sanctions he intends to keep

Trade between the US and Russia has increased during the Donald Trump administration in spite of the sanctions levied on Moscow, the Russian FM has revealed. Washington sees it as...

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December 10, 2019
Russia offers Ukraine cheaper gas under new transit deal, Kiev promises to drop $3bn demand

The price of gas for Ukraine may be lower if Moscow and Kiev manage to reach a new transit agreement, Russian President Vladimir Putin told at a press conference after...

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December 10, 2019
China is winning the offshore oil game

China's international presence in the offshore oil sector is quickly growing as its oil majors are willing to invest in places which other companies wouldn't even consider. The Chinese are...

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December 10, 2019
World’s entire history, every revolution, every war, is shaped by taxation – RT’s Keiser Report

The most innovative societies in history were always low-tax civilizations, according to British author and co-host of Money Pit Dominic Frisby. He joins Keiser Report to discuss the history of...

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December 10, 2019
Canada goes after Volkswagen over diesel emissions fraud

German automaker Volkswagen (VW), which is the target of lawsuits in more than 50 countries around the world, is now being charged by Canada's government for faking emissions tests. The...

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December 10, 2019
Central banks worldwide buying up massive amounts of gold in a shift away from US dollar – Goldman Sachs

Gold prices will climb to $1,600 per ounce over the next year, Wall Street bank Goldman Sachs projects. It says that central banks are consuming a fifth of the global...

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December 9, 2019
Bulgaria is prepared to ensure transit of Russian gas to southern Europe

Bulgaria has said that it will guarantee gas transit supplies to Greece and North Macedonia from the TurkStream pipeline, starting January 1, 2020. The chief executive of the country's state...

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December 9, 2019
US-China trade sinks in November as tariff war drags on

Chinese exports to the United States in November dropped 23 percent from a year earlier to $35.6 billion, customs data showed. Trade between the two global superpowers has been tumbling...

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December 9, 2019
Russia looks to invest in Pakistan in a big way

Moscow and Islamabad have inked their largest-ever cooperation deal, worth billions of dollars, to expand trade and business, Pakistani officials have announced. It includes huge investments in energy, rail and...

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December 9, 2019
China launches multi-billion-dollar oil & gas pipeline company

Beijing announced on Monday the establishment of a national oil and gas pipeline firm, which will combine most of the country's energy infrastructure and will provide fair market access to...

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December 8, 2019
Russia’s Crimea welcomes record number of tourists in post-Soviet era

More than 7 million people have spent their vacations in Crimea so far this year, Deputy Chairman of Crimea's Council of Ministers and Permanent Presidential Envoy Georgy Muradov said, setting...

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December 8, 2019
Russia-Ukraine fallout won’t threaten security of EU gas supply

Even if Russia and Ukraine were to fail to reach an agreement on the natural gas transit through Ukraine onto Europe, the security of gas supply in the European Union...

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December 8, 2019
World’s largest printer of money is running out of cash

The company that prints the UK's banknotes and currency for 140 other countries has issued a warning of possible collapse, saying there is “significant doubt” about its future. The 198-year-old...

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December 7, 2019
A bridge to Far East: Russia to link Sakhalin Island with mainland in next 10-15 years

Russia plans to complete an ambitious multi-billion-dollar construction project linking the mainland to Sakhalin Island in the Far East between 2030 and 2035, the head of the region has revealed....

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December 7, 2019
Robots are coming for Wall Street: AI threatening top finance jobs

The rise of machine learning is set to reshape the workforce in the financial sector and could disrupt not only routine jobs, but also hit some of the highest paying...

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December 7, 2019
Mexico makes its biggest oil discovery in more than three decades

Mexican state oil company Pemex has announced the biggest oil discovery in the country since 1987. The deposit in the southeast of the country may have reserves of 500 million...

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December 6, 2019
Manchester United strikes deal with Alibaba to boost football club’s engagement with its Chinese fan base

Premier League football club Manchester United announced on Friday a new partnership with e-commerce giant Alibaba as it aims to raise its profile and merchandise sales in the world's second-largest...

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December 6, 2019
Russia & OPEC agree on new oil production cuts to prop up global crude prices

The Organization of the Petroleum Exporting Countries (OPEC) and allied oil exporters led by Russia have agreed to deepen production cuts and to reduce daily output by 500,000 barrels during...

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December 6, 2019
Russia won’t stop gas transit through Ukraine when Nord Stream 2 becomes operational – Putin

Commissioning of the Nord Stream 2 gas pipeline, which is a commercial project, does not mean that Russia will abandon gas transit through Ukraine, said Russian President Vladimir Putin on...

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December 6, 2019
Portugal latest country refusing US demand to bar Huawei from 5G network

Despite Washington's attempts to turn its allies away from working with Chinese telecom giant Huawei, Portugal is not going to exclude the company from the rollout of 5G networks on...

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December 6, 2019
Troubled South African Airways gets government lifeline to stay solvent

South Africa's beleaguered flagship carrier, South African Airways (SAA) has received a 4 billion rand ($272 million) lifeline from the government and banks. It's the latest in a series of...

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December 6, 2019
Oil giant Saudi Aramco raises $25.6bn in world’s biggest public share listing

Saudi Arabia's state-owned oil company Saudi Aramco has just pulled off the biggest initial public offering (IPO) in history, raising $25.6 billion. The IPO, however, fell short of the Saudi...

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December 6, 2019
China to waive trade war tariffs for some US soybean & pork imports

Beijing is working to exclude some soybean and pork shipments from its retaliatory tariffs on Washington, China's Finance Ministry has said, citing a decision by the tariff commission. Chinese firms...

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December 5, 2019
Shale’s debt-fueled drilling boom is coming to an end

The financial struggles of the US shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian has recently seen job losses,...

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December 5, 2019
OPEC prepares to deepen oil production cuts

The Organization of the Petroleum Exporting Countries (OPEC) and its allies are moving closer to agreeing one of the deepest output cuts this decade to support crude prices and prevent...

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December 5, 2019
Cutting Russia off from SWIFT would mean declaration of war – Russian PM

Restricting Russia's access to the SWIFT international banking payment system would virtually mean a declaration of war, Prime Minister Dmitry Medvedev has warned. Speaking to reporters on Thursday, Medvedev recalled...

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December 5, 2019
US-China trade talks are a ‘shadow boxing game that isn’t real,’ Prof. Wolff tells Boom Bust

Nothing fundamental in the US-China trade spat is going to change in the near future, according to Richard Wolff of the Economic Update. He talks to RT's Boom Bust, saying:...

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December 5, 2019
Bulgaria deliberately holding up TurkStream gas pipeline project, says Putin

Russian President Vladimir Putin has accused Bulgaria of delaying the construction of its section of the TurkStream gas pipeline. He said that Russia could, however, find ways to bypass the...

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December 5, 2019
Gold ready to join ‘all-time-highs club’ as US dollar and equities can’t go up forever – commodity strategist

With stock prices consistently breaking new records, a normal reversal is bound to happen sooner or later. That could boost gold to a new all-time high, says Bloomberg Intelligence (BI)....

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December 4, 2019
Serbia will soon receive Russian natural gas via Turkish Stream pipeline

Work to extend the Turkish Stream pipeline in Serbia is expected to be finished in the coming weeks, Russian President Vladimir Putin said during a meeting with his Serbian counterpart...

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December 4, 2019
Ukraine extends anti-Russian trade sanctions for one year

The Ukrainian government has decided to keep the tariffs against Russian goods in force for another year, Verkhovna Rada Deputy Aleksey Goncharenko said on Wednesday. The levies on Russian imports...

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December 4, 2019
BP accused of ‘greenwashing’ over ‘misleading’ clean energy transition ads

Environmental lawyers have filed a legal complaint against British energy giant BP, accusing the company of misleading consumers over its low-carbon energy in a huge advertising campaign. ClientEarth, an environmental...

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