Business

Russia has enjoyed “phenomenal” growth of cashless payments in eight years, outpacing other European countries, as the amount of transactions soared 30-fold from 2010 to 2018, according to the Boston...

Russia's largest oil company Rosneft has set the euro as the default currency for all new exports of crude oil and refined products. As of September, Rosneft is seeking euros...

South America's largest solar park, built with Chinese funding and technology, has opened in Argentina, powering more than 160,000 homes, Xinhua news agency has reported. Cauchari Solar Park is located...

Bob Dudley, the chief executive of UK energy giant BP, will end his 40-year career with the firm and retire on March 31, 2020, the company announced on Friday, naming...

Global tech giants like Google, Facebook and Apple should bring revenue to the countries where they are doing business, the Russian Finance Ministry has announced. The ministry proposes amending Russia's...

Multinational investment banks Rothschild and Moelis have been shortlisted to advise on restructuring about $15 billion of debt at Saudi Arabia's biggest construction firm, Saudi Binladin Group. According to Bloomberg,...

The US has been trying to convince its allies and the rest of the world to ditch Huawei's 5G technology over an alleged national security threat. However, not everyone is...

French Finance Minister Bruno Le Maire said on Thursday that the European Union is ready to respond “with sanctions” should Washington reject Brussels' offer in settling the Airbus trade dispute....

Lukoil has entered into an oil trade agreement with China to ship Arctic crude to the trading unit of the the China National Petroleum Corporation. Lukoil's trading unit Litasco sold...

The Trump administration has opened another front in its global trade war, slapping the EU with a hefty 25 percent tariff on a variety of industrial and agricultural products, risking...

The Dow plunged 490 points by the close of markets on Wednesday, and the Nasdaq and S&P500 also saw their steepest declines since the end of August, closing down 1.6...

Russia's annual production of liquefied natural gas (LNG) is expected to grow in the next 15 years, largely thanks to the Yamal LNG project, said President Vladimir Putin at the...

Russia never wanted to turn away from the US dollar but American policies have forced it, as well as many other countries, to do so, President Vladimir Putin told participants...

The situation with the oil market is unpredictable, with geopolitical factors applying a lot of pressure, Russian Energy Minister Alexander Novak said on Wednesday. Speaking at the Russian Energy Week...

The share of yuan-denominated assets among Russia's gold and foreign exchange reserves has climbed to 14.2 percent of the country's $532 billion total holdings, according to central bank data as...

Russia has halved the US currency share from its international reserves in one year, opting instead to increase gold, yuan and euro holdings, recent data from the country's central bank...

Caracas has transferred to Moscow its latest scheduled debt repayment using the ruble, according to Russian Deputy Finance Minister Sergey Storchak. Russia offers all its debtors the opportunity to make...

Mohammed bin Salman's recent comment about Iran sending oil prices to ‘unimaginably high numbers' may not be as ridiculous as it first sounds. And while MBS is known to engage...

The ongoing trade war between the world's two biggest economies has led WTO economists to have a gloomier growth outlook for global trade this and next year, downgrading previous expectations....

The two global superpowers, China and the United States, have moved into the next phase of their global struggle for economic supremacy – capital wars. As part of the ongoing...

After a decade of low growth and deepening poverty, South Africans are looking for signs of progress, according to President Cyril Ramaphosa. He pledged “concrete things” to rebuild confidence in...

A Russian startup has launched serial production of unique life-like robots that not only look the way you want and mimic facial expressions, but are also able to work for...

Rating agency Fitch has downgraded Saudi Arabia's credit rating from A+ to A citing geopolitical risks and a downturn in the kingdom's fiscal position. Riyadh called Fitch's decision “somewhat speculative.”...

The 5G technology boom could be explosive for smartphone makers, according to Goldman Sachs. The Wall Street bank significantly increased its 5G smartphone estimates for next year. Goldman's analyst Rod...

Some 470,000 diesel car owners in Germany are seeking refunds from Volkswagen over emission tests cheating. Hearings began with the automaker rejecting the judge's call to settle the case, citing...

The US government is working hard to break China's dominance over critical mineral supplies, launching a plan to boost lithium, cobalt and rare earths mining across the globe. The Energy...

The New York-based rating agency S&P Global has affirmed the ‘A+/A-1' credit rating on China, predicting that the country will maintain above-average gross domestic product (GDP) growth and improved fiscal...

China's largest oil and gas producer CNPC has announced the discovery of an oilfield that could hold over a billion tons of reserves in the northwest of the country. According...

Saudi Crown Prince Mohammed bin Salman warned that oil prices could skyrocket if the world does not join forces to deter Iran's alleged aggression. He noted, however, that he would...

Authorities in Ukraine intend to resume regular passenger transportation with Russia's Crimea, according to the country's Ministry of Infrastructure. Crimean authorities have welcomed the plans. In an interview with Ukraine's...

Saudi Arabia is eyeing long-term investment in India's key sectors such as petrochemicals, infrastructure and mining, citing the country's growth potential and the need to diversify the Arab nation's own...

The US is not planning to blacklist Chinese companies from trading on US stock markets, according to a Department of the Treasury statement. Rumblings of a possible cut-off came on...

Georgian Airways, the flagship airline of the Eurasian country, has praised recent statements by Russia's foreign minister about the possible lifting of a ban on direct flights between the two...

A European Court has struck out the copycat claims made by Italian motor giant Piaggio against a Chinese manufacturer that produces scooters remarkably reminiscent of Italy's iconic Vespa. The EU's...

Forecasting the imminent demise of European banks, an expert talks RT's Keiser Report through last week's repo market meltdown and what it may indicate. “The treasuries that settled last week...

Tech giant Apple plans to show its own feature-length films in cinemas before they appear on its new streaming TV service in order to attract big names to the company's...

US-based credit ratings agency Standard & Poors (S&P) has upgraded Ukraine's long-term sovereign credit rating, citing the new government's improved financial management and a potential thaw in relations between Kiev...

From the midst of the ongoing crypto revolution, one of its main ideologists tells RT that outdated models are going to disappear, giving way to the ultimate promise of the...

Japanese Prime Minister Shinzo Abe and US President Donald Trump clinched a trade agreement this week that cuts tariffs on farm and industrial products. It will open new markets for...

The European Union has included Japan in its Asia “connectivity” plan, signing a landmark deal to coordinate transport, energy and digital projects amid concerns over China's dominance in infrastructure funding....