Business

November 15, 2019
High anxiety: American Airlines staff ‘begging’ not to fly on 737 MAX

Some flight attendants with American Airlines remain fearful of flying the Boeing 737 MAX, despite the plane-maker nearing regulatory approval for a software update. The jet has been grounded after...

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November 15, 2019
Blockchain ‘to challenge American hegemony over world finance’ in next 5-7 years, analyst tells Boom Bust

Chinese blockchain firm OneConnect has filed for an initial public offering (IPO) in the United States, seeking to raise $100 million. The company deals with financial technology, including artificial intelligence....

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November 15, 2019
Bullish on bullion: Serbia joins global gold-buying spree, adding more of the precious metal to its coffers

The Central Bank of Serbia has announced it purchased nine tons of gold in October, following the lead of regulators across the world, including Russia and China. Serbia's gold holdings...

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November 15, 2019
Global debt on track to exceed $250 TRILLION this year

A new report by the International Institute of Finance (IIF) shows the world's debt climbed by $7.5 trillion in the first six months of 2019 to a record high of...

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November 15, 2019
Pump it up! US Fed adds $104 billion in liquidity to markets in just one day

The Federal Reserve, which has been boosting liquidity since mid-September, injected $104.293 billion to the financial markets on Thursday. The addition of liquidity came in two parts, with one happening...

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November 14, 2019
US oil prepares for ‘Plan B’ if Democrats take the White House

US oil producers are preparing for an abrupt change in federal government policies in case a Democrat wins the 2020 vote, with almost 3 million barrels in daily production at...

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November 14, 2019
US Federal Reserve’s monetary policy is a BLACK HOLE that will swallow up everyone – RT’s Keiser Report

Warren Buffett's Berkshire Hathaway now has a massive cash pile of $128 billion after the company reported a 14 percent jump in profit. This is essentially "dead cash" because it...

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November 14, 2019
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system

In past five years, Russia has almost halved its foreign trade payments in US currency, from 92 to 50 percent, said the CEO of Russian Direct Investment Fund (RDIF) and...

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November 14, 2019
BRICS New Development Bank to open regional office in Moscow in early 2020

The Russian government and the BRICS New Development Bank (NDB) have inked an agreement to open the bank's Eurasian Regional Center in Moscow. According to Sputnik News Agency, apart from...

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November 14, 2019
Russia’s trade with BRICS nations exceeds $125 BILLION – Putin

Russia continues expanding economic cooperation with fellow BRICS countries, said President Vladimir Putin at BRICS Summit in Brazil. Russia's trade with Brazil, India, China and South Africa has grown by...

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November 13, 2019
Dr. Google? Healthcare venture collecting data on millions of patients raises privacy concerns – Boom Bust

Tech giant Google has partnered with hospital system Ascension to collect detailed personal health information from millions of Americans without their knowledge, in an initiative that has been named "Project...

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November 13, 2019
Russia to cut dollar share in National Wealth Fund in favor of yuan & other currencies

Russia wants to reduce the US dollar share in its National Wealth Fund, as it looks to invest in the Chinese yuan and other foreign currencies, Deputy Finance Minister Vladimir...

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November 13, 2019
Sanctions? Russia has the best-peforming stock market in the world

The Russian stock market has delivered the biggest returns to investors around the world this year. Global rate cuts and increased dividend payouts have been driving investor interest in Russia....

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November 13, 2019
Alibaba wins approval to sell shares in massive secondary listing in Hong Kong – media

Chinese e-commerce giant Alibaba, the current record-holder for the largest IPO in history, may sell up to US$15 billion of new shares during the planned secondary listing in Hong Kong....

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November 13, 2019
Russia & China to launch joint venture for constructing metros worldwide

Russian engineering company Mosinzhproekt and the China Railway Construction Corporation (CRCC) plan to set up a joint venture for the construction of subways around the world, said Moscow Deputy Mayor...

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November 13, 2019
India heading for ‘tremendous’ growth & Moody’s downgrade is wrong, says legendary investor Mark Mobius

The decision by rating agency Moody's to change its outlook on India from stable to negative was a mistake, since the country is enjoying “incredible” growth compared to many other...

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November 13, 2019
The inevitable finale of the Nord Stream 2 saga

Nord Stream 2 may have become one of the most geopolitically charged energy projects in history, but its completion was inevitable since before construction even begun. Europe is quickly becoming...

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November 12, 2019
Trump says US economy ‘BOOMING’, predicts stock market will set another record

Major US stock market indices may enjoy yet another record on Tuesday, President Donald Trump vowed before his much-anticipated speech at the Economic Club of New York. Trump is scheduled...

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November 12, 2019
People should ditch dollar, fiat currencies in general & buy gold which is ‘a real safe haven’ – Peter Schiff tells Boom Bust

The real driver behind the rise of gold prices is the world's central banks' buying spree, says Peter Schiff of Euro Pacific Capital. The veteran broker tells RT's Boom Bust,...

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November 12, 2019
Putin & Xi to launch strategic natural gas pipeline from Russia to China in December

Russian President Vladimir Putin and his Chinese counterpart Xi Jinping will take part in the launching ceremony of the Power of Siberia gas pipeline, set to be held next month....

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November 12, 2019
China’s gold-backed crypto looming as ‘Pearl Harbor type event’ for US dollar in 2020 – Keiser Report

There are two economies in the United States, says RT's Keiser Report, the real economy, where the 99 percent live, and the one-percent economy, where bankers and the corporate elite...

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November 12, 2019
China looks to import Russian pork to cover domestic shortages due to African swine fever

Russian meat producer Cherkizovo is in talks to supply pork to China. The world's biggest pork consumer is facing a major deficit of the meat after African swine fever wiped...

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November 12, 2019
China may issue digital currency in the next 2-3 months

Beijing has developed a framework called the Digital Currency Electronic Payment (DCEP) which would allow its central bank to issue a digital currency to commercial banks and third-party payment networks...

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November 11, 2019
Why 2020 could be a crisis year for refiners

New fuel specifications are set to send shockwaves through oil markets, but a new wave of low-sulphur fuel oil coming online could create a new market-crippling glut. The refining industry...

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November 11, 2019
Don’t believe the hype: Hong Kong says it’s business as usual for banks & stock exchange despite protests

Hong Kong authorities have rebuffed rumors of a pending stock market closure and cap on bank cash withdrawals, saying that the “fake” messages only add fuel to the fire amid...

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November 11, 2019
Russia & Iran launch construction of new reactor at Bushehr nuclear power plant

Works on the second stage of Iran's Bushehr nuclear power plant (NPP) officially kicked off in the country as concrete was poured for a new reactor base on Sunday. "Nuclear...

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November 11, 2019
Fukushima’s radioactive farmland to become clean-energy hub, powering the region & Tokyo metropolitan area

Japan's Fukushima Prefecture, which suffered one of the world's worst nuclear disasters eight years ago, is now set to be transformed into a renewable energy hub, with the first solar...

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November 11, 2019
Alibaba Singles Day sales smash another record

Chinese e-commerce giant Alibaba has set a new sales record during the world's biggest online shopping spree known as Singles' Day, as the event has brought in more than $37...

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November 10, 2019
‘Apple Card is sexist’: Goldman Sachs faces probe after claims of gender biased credit limits

A New York financial regulator launched an investigation into Goldman Sachs' credit card practices after Twitter users, including Apple co-founder Steve Wozniak, complained that Apple Card gives much lower credit...

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November 10, 2019
Iran discovers massive oilfield that can boost its national reserves by third

A new oilfield with over 50 billion barrels of crude oil has been discovered in the south of Iran. The site could become the country's second largest oilfield and significantly...

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November 10, 2019
Saudi Aramco to sell less than 1% of shares to retail investors in potential largest IPO in history

Saudi state oil giant Aramco has revealed the date and the size of its long-anticipated initial public offering (IPO), which may become the largest in history. In a prospectus released...

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November 9, 2019
Billionaires’ wealth falls for first time since 2015, but don’t feel bad because it’s ‘likely to go up again’

A new report by UBS and PwC has found that the world's richest lost $388 billion last year, with their wealth dropping to $8.539 trillion. Geopolitical turmoil and volatile equity...

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November 9, 2019
Challenging road ahead: EU cuts economic growth rate all the way through 2021

The European Commission has downgraded the growth forecast for the euro area, warning of “a protracted period of subdued growth and low inflation in the context of high uncertainty.” Gross...

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November 8, 2019
Dead unicorns? RT’s Boom Bust explores biggest startup failures of 2019

Many of the billion-dollar US technology startups (or so-called unicorns) that have tested the initial public offering market in 2019 have proven unprofitable. Two of the biggest unicorns of this...

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November 8, 2019
Africa to become ‘land of opportunity’ if US & China strike trade deal – Bank of America

The long-awaited trade agreement between the United States and China would turn the African continent into a land of opportunity for bond and equity investors. That's according to Bank of...

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November 8, 2019
Moody’s lowers India’s outlook to negative despite economic growth most countries would envy

International ratings agency Moody's has changed its outlook on India from stable to negative, citing increasing risks that economic growth of Asia's third-largest economy will remain “materially lower than in...

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November 7, 2019
‘Stop driving immediately’: BMW recalls over 12,000 cars in Australia over EXPLOSIVE airbags

BMW has issued an notice to the owners of 12,663 of its Series 3 cars in Australia, urging them to immediately stop driving their vehicles due to faulty airbags that...

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November 7, 2019
‘Inconsistent with expert data’: Russia’s tax service challenges ‘secretive’ World Bank Doing Business rating

Russia's Federal Tax Service (FNS) has questioned data used by the World Bank in its assessment of the country for its Doing Business index, stating that the Bank's data is...

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November 7, 2019
Reports of US confirming China tariff rollback drives markets record-high

Reports that the US has agreed to a rollback of tariffs on Chinese goods if ‘phase one' of the long-awaited trade deal is sealed have sent markets to a record...

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November 7, 2019
Will bitcoin save the world from ‘highly aggressive weaponized US-dollar Empire’? Keiser Report explores

US Сongressman Brad Sherman has warned that bitcoin is a threat to the US dollar and its status as “the sole reserve currency in the world.” He has previously urged...

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