Business

A decision by Saudi Arabia's ministry of rural and municipal affairs to introduce a 100 percent tax on bills at restaurants that serve shisha has sparked criticism on kingdom's social...

US President Donald Trump is creating an environment that's conducive to strong consumer spending, says economist Robert Shiller. It's a major force that should hold off a recession, he adds....

A new report by Credit Suisse shows that the number of rich Chinese people has surpassed the number of wealthy Americans for the first time as both countries continue to...

Beijing has doubled the value of government approved major infrastructure projects this year. The move aims to stabilize the Chinese economy amid the ongoing trade conflict with Washington. The National...

India is expected to become a much bigger driver of global growth than the world's current largest economy, the US, in just five years, according to Bloomberg calculations based on...

Russia can withstand a sharp drop in crude prices thanks to its sufficient gold holdings and the government's efforts to reduce reliance on energy resources, Russian Finance Minister Anton Siluanov...

Recovery works have started at liberated oil and gas sites in Raqqa province in northern Syria, as well as in the area between the governorate and Hama and Homs provinces,...

Further turning away from the greenback, Russia is eyeing the yuan and the euro as currencies for Eurobonds next year, Russian Finance Minister Anton Siluanov has said on the sidelines...

Ridiculously low interest rates around the world have recently become a hot topic among policymakers and market analysts. RT's Boom Bust discusses how further cuts would affect ballooning negative yielding...

US oil giant Chevron is hopeful that the Trump administration will extend a waiver allowing the company to continue doing business in Venezuela despite tough US sanctions on the South...

Latvian carrier airBaltic, which operates flights across Europe, had to conduct 50 engine replacements in the first two years after adding Airbus A220-300 to its fleet, the airline has confirmed...

Paris, Rome, and Berlin are getting ready to block Facebook's new digital currency Libra in Europe, a French minister said, as cited by AFP. Last month, France's Finance Ministry said...

US drug company Johnson & Johnson said on Friday it would recall a single lot of its Baby Powder in the US after the Food and Drug Administration found trace...

If you are inspired by Greta Thunberg's emotional speech at the UN and care about our planet, you might not realize how much your everyday life could change should the...

Qantas Airlines will operate a direct flight from New York to Sydney on Friday. At nearly 20 hours long, it is set to become the longest non-stop flight in the...

Gazprom has started to fill the first branch of the offshore section of the Turkish Stream pipeline with natural gas. This is the final stage of testing the pipeline before...

With the blessing from the World Trade Organization (WTO), the Trump administration imposed punitive tariffs on EU goods on Friday in retaliation for the European plane maker Airbus receiving illegal...

Russia wants to issue sovereign debt denominated in Chinese currency and sell it on the Moscow Stock Exchange starting next year, Russia's Deputy Finance Minister Alexey Moiseev has announced. “There...

US and Chinese trade negotiators are working on nailing down a Phase 1 deal for their presidents to sign next month, US Treasury Secretary Steven Mnuchin has said. Professor Richard...

Beijing cut the holdings of US Treasuries by $6.8 billion in August, reaching the lowest level since May 2017, the latest data from the US Treasury Department, released on Wednesday,...

Tesla CEO Elon Musk, who is being sued for libel and slander for calling a British rescue diver a “pedo,” has testified that he is short of funds. That's according...

French fashion powerhouse Dior has apologized for showing a map of China that was missing Taiwan, making it the latest luxury brand after Coach, Versace and Givenchy to get caught...

Berlin has decided to allow Chinese telecom giant Huawei to participate in the country's upcoming 5G infrastructure projects. It stated that it wants to create “a level playing field” for...

Regulators around the world claim private currencies like Zcoin, Zcash, dash, and monero could potentially be used in terrorism financing or by sanctioned governments. They claim that only criminals want...

US crude oil production growth may have slowed down this year, but the largest oil-producing counties in the Permian basin continue to feel a shortage of labor. The predicament for...

There's an “uncomfortably high” chance that a recession could hit the global economy in the near future, according to Mark Zandi, chief economist of Moody's Analytics. Policymakers may not be...

India, the second-most populous country in the world, has achieved annual growth exceeding 7 percent over the last 15 years and continues to pull millions of people out of poverty,...

India would like to comply with US sanctions, but the strength of its economy and its strategic interests must come first, Finance Minister Nirmala Sitharaman stated, explaining that a true...

Equity analysts at Barclays say the immediate future for European aerospace giant Airbus looks “brighter than ever,” thanks to a mature portfolio offering reliable cash flow over the next five...

China has become one of the world's biggest buyers of gold, adding more than 100 tons of bullion to its coffers this year amid the trade war with the United...

An agreement worth more than $13 billion has been signed between China National Chemical Engineering Group (CNCEC) and Russia's RusGasDobycha to build a natural gas processing and chemical plant. It...

The United States intends to deprive Russia of its right to the Northern Sea Route (NSR) which lies in Arctic waters and within Russia's Exclusive Economic Zone. That's according to...

More than 20 deals have been signed on Monday between Moscow and Riyadh during President Vladimir Putin's state visit to Saudi Arabia. Agreements include the charter for long-term cooperation between...

One of the world's largest consumers of oil and coal, India, is investing tens of billions of dollars to build a national gas grid and the necessary import terminals by...

Over the past twenty years, the most important and most exciting development in the United States energy sector has been hydraulic fracturing, also referred to as fracking. This controversial drilling...

The World Trade Organization (WTO) on Monday formally authorized the United States to impose tariffs on up to $7.5 billion of imports of European Union goods after an arbitrator's decision...

The Saudi Arabian Oil Company, Saudi Aramco, may become an investor in Russian LNG projects in the future, according to the Russian Energy Minister Alexander Novak. Speaking at a Russian-Saudi...

The Russian Direct Investment Fund (RDIF), Russian Railways and the Saudi Railway Company have inked a joint agreement for the expansion of Saudi Arabia's railway network. The agreement was sealed...

The protests that have engulfed Ecuador and nearly brought the country's oil industry to a halt are triggered by economic policies imposed by the IMF, guided by none other than...

Russian President Vladimir Putin has revealed plans to boost economic ties with Saudi Arabia by setting up a $1 billion oil plant there. He also reaffirmed Moscow's commitment to the...