As Washington and Beijing continue to try to settle their differences over trade and to reach a partial agreement at least on that issue, recent US legislation on Hong Kong...
October 30, 2019
German pharmaceutical giant Bayer reported on Wednesday that the number of US plaintiffs suing over weed killer Roundup has more than doubled over the past three months, reaching 42,700. Bayer...
October 29, 2019
More than a dozen Airbus SE A320neo planes operated by Indian budget carrier IndiGo could be grounded if the airline doesn't update some Pratt & Whitney engines within two weeks....
October 29, 2019
Texas' economy is perhaps the most vulnerable to oil price swings given its leading role in the country's oil industry. Recently, as prices have remained low, talk has begun about...
October 29, 2019
China's Central Bank has unveiled plans to roll out its own digital currency, which will be called DCEP (Digital currency Electronic Payment). Beijing has been working on the project for...
October 29, 2019
Australian Competition and Consumer Commission (ACCC) filed a lawsuit against Alphabet's Google on Tuesday, alleging that the company misled smartphone users on how personal location data was being collected, kept...
October 28, 2019
‘Significant production slowdown' is all around the headlines about the US shale patch these days. Yet, the headlines have often missed one growing problem in the US oil industry—the abandoned,...
October 28, 2019
The development of Russia's national projects could lead to massive investment from Saudi Arabia, according to the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev. Speaking to TASS,...
October 28, 2019
China and the US may take the long-awaited step to ease trade tensions and sign a significant part of a new trade deal next month, US President Donald Trump has...
October 28, 2019
Months of chaos have hurt Hong Kong's economy, which has now slid into recession, according to region's financial secretary, Paul Chan Mo-po. Financial data set to be released by the...
October 28, 2019
Members of the BRICS trade bloc Russia, India, and China have decided to connect their financial messaging systems to bypass the SWIFT international money transfer network. Russia's financial messaging system...
October 27, 2019
SoftBank has revealed that it poured $18.5 billion into US firm WeWork, which is bigger than the entire GDP of Bolivia, a country home to 11 million people. RT's Boom...
October 27, 2019
Russian internet giant Yandex will bring its driverless cars to the Detroit Auto Show next year to hold the largest demonstration of its robo-taxi fleet to date in the US....
October 27, 2019
LVMH, the group behind Louis Vuitton and other high-end labels, is looking to expand in the US jewelry market with an acquisition of Tiffany & Co. in what would be...
October 27, 2019
China has now more millionaires and unicorns than the US and the tech sector may be the next sphere where Beijing can leave Washington behind, investor Dan Collins told Max...
October 26, 2019
US President Donald Trump has suspended tariff breaks for some Thai goods worth $1.3 billion and almost simultaneously brought back duty-free trade for certain Ukrainian products. The suspension, based on...
October 26, 2019
India is looking to install Russian-developed equipment for life support and heating systems aboard the Gaganyaan, the spacecraft that will be used for the nation's first manned space mission, Roscosmos...
October 26, 2019
Amazon customers have lost around $513,000 (£400,000) after they were targeted by a new telephone scam claiming they had been signed up to its paid Prime subscription service, the UK's...
October 26, 2019
Denmark has given the final nod to the construction of the Baltic Pipe set to bring Norweigan natural gas to Poland via Danish waters. Meanwhile, Copenhagen continues to delay the...
October 25, 2019
Nobel Laureate Robert Shiller, who famously predicted the 2000 and the 2007 stock market crashes, says this time that bubbles are everywhere, including stocks, bonds, and housing. He told investors...
October 25, 2019
Plunging Amazon stock has cost its founder Jeff Bezos a fortune in a single day and stripped him of the title of the world's wealthiest person, giving Microsoft co-founder Bill...
October 25, 2019
US oil giant Exxon Mobil is being sued for misleading investors and consumers for decades about the role fossil fuels play in climate change. Boom Bust talks to oil and...
October 25, 2019
A global conflict with “unpredictable consequences” could be triggered by further depreciation of national currencies, the US-China trade war and US sanctions against oil producers, the head of Russia's biggest...
October 25, 2019
Walmart, CVS, and Rite Aid are pulling all containers of Johnson & Johnson's (J&J) 22-ounce baby powder after the US Food and Drug Administration (FDA) found sub-trace amounts of asbestos....
October 25, 2019
Russia's largest oil company Rosneft has already completed the switch away from the US dollar in an effort to minimize its exposure to US sanctions. Rosneft has already fully switched...
October 24, 2019
The first ever Russia-Africa economic forum, which kicked off on Wednesday, has resulted in hundreds of deals and agreements, Russian Presidential Adviser Anton Kobyakov said. According to him, more than...
October 24, 2019
The time is right for Russia to sit with African leaders and companies in order to forge economic relationships and partnerships, South Africa's Minister of State and Security Ayanda Dlodlo...
October 24, 2019
China could gain access to a rare earth mine in North Korea in exchange for investment in solar energy, a Chinese industry association website said. The deal could ease North...
October 24, 2019
An agreement has been reached at the Russia-Africa summit in Sochi to establish a mechanism for funding trade deals. It is aimed at giving Russian exporters access to the African...
October 23, 2019
The volume of trade between Russia and the African continent has doubled over the past five years, according to Russian Economic Development Minister Maksim Oreshkin. Talking to RT on the...
October 23, 2019
The head of Russia's VTB Bank Andrey Kostin said the expansion of non-dollar payments between Russia and the countries of Africa will help to reduce the risks for the financial...
October 23, 2019
The Russian Ministry of Agriculture said on Wednesday that Moscow is seeking to significantly increase supplies of grain and livestock to African countries. “Africa is our target market, and we...
October 23, 2019
Moscow has written off more than $20 billion in debt accumulated by African countries during the Soviet era, Russian President Vladimir Putin announced on Wednesday. “It was not only an...
October 23, 2019
An intergovernmental agreement for cooperation on peaceful use of nuclear energy has been signed by Moscow and Addis Ababa, according to the Russian state nuclear corporation Rosatom. The agreement was...
October 23, 2019
A contract for the supply of 12 Mi-35 attack helicopters has been sealed by Russia and Nigeria on Wednesday in Sochi at the Russia-Africa Summit and Economic Forum. Nigeria's Foreign...
October 22, 2019
China has been developing Kenya's rail service as part of the Belt and Road Initiative to connect Asia, Europe and Africa. The railway is Kenya's largest infrastructure project since its...
October 22, 2019
Bitcoin proponents have been lately voicing alarms after the US Federal Reserve printed more money in a single month than bitcoin's entire market cap of nearly $149 billion. Since mid-September,...
October 22, 2019
The global 5G market is projected to grow to 1.6 billion users in the next five years. Much of that growth will come from China based on operators' roll-out plans,...
October 22, 2019
A new survey from consultancy McKinsey & Co has found that a majority of banks globally may not be economically viable because their returns on equity aren't keeping pace with...
October 22, 2019
China's booming natural gas and liquefied natural gas (LNG) demand is set to cool off, with both demand growth and LNG import growth slowing down from the dizzy growth rates...
