Business

September 27, 2019
LNG investments hit record in 2019 & the biggest growth is coming from China

Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency's head, Fatih Birol, told an industry conference....

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September 27, 2019
Poland says EU has averted an energy tragedy by limiting Russian gas supplies to Europe

The decision by the top court in the EU to curb Russian energy firm Gazprom's use of the Opal gas pipeline, which links Nord Stream to Germany, has saved Poland...

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September 27, 2019
Saudi Arabia opens up to foreign tourism to reduce economic reliance on oil

The kingdom of Saudi Arabia has announced that it will launch a new visa program for 49 countries, opening its doors to foreign tourists. The move is part of social...

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September 26, 2019
Russia adds $1.4 billion to its international reserves in one week

Russia's international reserves, which include its gold and foreign currency holdings, have risen to $532.6 billion, representing growth of 0.3 percent in one week, recent data released by the country's...

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September 26, 2019
Vape up in smoke: Is global e-cigarette industry on edge of collapse?

Shares in British tobacco giant Imperial Brands plunged to their lowest in a decade on Thursday after the company warned of a slowdown in the US vaping market after several...

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September 26, 2019
Story of 5 major pipelines explains Europe’s love-hate relationship with Russian energy

This year, Russia provided record supplies of gas to the European market to meet the region's growing demand. But some nations, particularly the US, Poland and the Baltic states, still...

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September 26, 2019
If I’m impeached, stock markets will crash – Trump

US President Donald Trump thinks that US markets will plummet if he is impeached. It comes after investors were spooked by the formal impeachment inquiry announced by Speaker of the...

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September 26, 2019
Millennials really do ruin EVERYTHING, and Big Oil is NEXT

It sounds harsh, but it's true: millennials really do ruin everything. And the oil industry will be no exception. From talent acquisition to courting investors, to finding new end uses...

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September 26, 2019
Investors betting on Clinton-like market rally if Trump is impeached

With the threat of US President Donald Trump's impeachment back this week investors are betting that the market could ultimately rally the way it did in the Clinton era. The...

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September 26, 2019
Russia will eclipse American oil production by 2050 – US energy agency

Russia is projected to overtake the US and other non-OPEC exporters in crude production in around three decades, according to US Energy Information Administration (EIA) analysis. Non-OPEC crude oil and...

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September 25, 2019
Russian companies may invest $1bn in Venezuelan mining projects

Russian miners are interested in mining gold and diamonds in Venezuela and may invest up to $1 billion for mining projects in the country, Russian media reported as the leaders...

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September 25, 2019
Peanuts! Uber boss calls losing $5bn in 3 months a sustainable business model

Ride-hailing giant Uber, which has recently reported its largest-ever quarterly loss, has an “absolutely sustainable” business model, according to the company's CEO, Dara Khosrowshahi. In an interview with CNN, he...

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September 25, 2019
‘IMF must DIE!’ Top Russian banker says International Monetary Fund should be abolished

The CEO of Russia's Sberbank, Herman Gref, has taken aim at the International Monetary Fund (IMF), saying the organization should cease to exist. “I don't have much to say about...

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September 25, 2019
INTOSAI: Digitalization key to ease government audits – Russia’s top auditor Kudrin

The 23rd Congress of the International Organization of Supreme Audit Institutions (INTOSAI) kicked off in Moscow this week to become a platform for exchange of experience between the audit chambers...

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September 25, 2019
Estonian banker embroiled in money laundering scandal found dead

The former boss of Danske Bank in Estonia, Aivar Rehe, was found dead on Wednesday after almost two days of searching, police have confirmed. The 56-year-old banker left his home...

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September 25, 2019
China officially opens its massive new airport in Beijing

Chinese President Xi Jinping has announced the official opening of Beijing Daxing International Airport. The massive air hub is expected to become the biggest single terminal by traveller capacity in...

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September 24, 2019
Volkswagen bosses charged in Germany over diesel emissions scandal

German prosecutors have filed charges against Volkswagen CEO Herbert Diess, company chairman Hans Dieter Potsch, and former CEO Martin Winterkorn, regarding market manipulation linked to VW's emissions cheating scandal. The...

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September 24, 2019
Europe’s top low-cost airlines vying for flights from Russia’s St. Petersburg

Ireland's Ryanair, Britain's EasyJet, and Hungary's Wizz Air have have applied to operate from Pulkovo Airport in St. Petersburg, Russia which could significantly boost tourist inflow to the city. The...

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September 24, 2019
Washington & Warsaw make pact to obstruct Russia’s Nord Stream 2 gas pipeline

US President Donald Trump and his Polish counterpart, Andrzej Duda, have called the Russian gas pipeline to Germany a “threat” to European energy security. According to a White House statement,...

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September 24, 2019
Facebook to buy startup that lets people control computers with their mind

Social media giant Facebook has agreed to acquire New York neural interface startup CTRL-Labs for up to a reported $1 billion. The company develops software allowing users to control computer...

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September 24, 2019
Boeing wants to pay families of MAX 737 crash victims $144,500 each

The world's biggest plane-maker Boeing announced on Monday it will begin to pay $50 million in financial assistance to the families of more than 300 victims of the two 737...

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September 24, 2019
Is Saudi Aramco lying about its damaged oil infrastructure?

Repairs at the Khurais field and the Abqaiq processing facility may take several months rather than the ten weeks tops that Aramco had initially estimated. Aramco, the contractors told the...

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September 23, 2019
US wants trade deal with India to put pressure on China

The United States and India could sign a limited trade deal at the end of this month, sources told Reuters. The two countries' leaders showed up together on Sunday at...

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September 23, 2019
Chick-fil-A sales have more than doubled since LGBT boycott began

The third largest US fast food restaurant chain, Chick-fil-A, has more than doubled its annual sales since the company was boycotted by gay rights activists for donating to organizations that...

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September 23, 2019
China to close its oldest airport as capital prepares to open world’s busiest terminal

China's oldest airport, which opened in 1910 during the reign of the Qing Dynasty, is about to close as the Beijing Daxing International Airport, the world's biggest air hub, is...

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September 23, 2019
Elon Musk’s potential $56-billion payday must be defended by Tesla board in court

A Delaware judge has ruled that the electric car company Tesla's board of directors should stand trial to defend CEO Elon Musk's multibillion dollar pay package. Tesla was sued by...

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September 23, 2019
Oil markets are one outage away from crisis

The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. The repairs at the Abqaiq processing facility...

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September 23, 2019
British travel giant Thomas Cook goes bankrupt, leaving 600,000 tourists in limbo

One of the world's oldest travel firms, Thomas Cook Group, has entered compulsory liquidation effective immediately. With all flights and tours cancelled, the collapse will affect hundreds of thousands travelers...

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September 23, 2019
British travel giant Thomas Cook goes bankrupt, leaving 600,000 tourists in limbo

One of the world's oldest travel firms, Thomas Cook Group, has entered compulsory liquidation effective immediately. With all flights and tours cancelled, the collapse will affect hundreds of thousands travelers...

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September 22, 2019
US beats Switzerland in ‘richest nation’ rating, while global wealth slumps due to trade war & Brexit

The US is now the world's richest nation, beating the Swiss, while the rest of the world is losing its wealth, falling victim to the political muddle surrounding Brexit and...

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September 22, 2019
Saudi Aramco may recover from attacks soon, but will hardly reach IPO valuation dream – RT’s Boom Bust

Saudi Arabia hopes state oil company Aramco, which suffered from last week's drone attack, will be valued at 2 trillion dollars in its IPO listing. This is most likely beyond...

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September 22, 2019
9 Asian states sign deal on cooperation & reforms in energy sphere

Nine countries of Central and West Asia have signed a declaration on cooperation and reforms in the energy sector, signaling a new step towards creating a regional energy market. The...

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September 22, 2019
Cash-strapped Pakistan airline operated 80+ flights with ZERO passengers – media

Pakistan International Airlines (PIA), the country's national airline carrier, operated dozens of flights from Islamabad Airport without any passengers for two years, local media claims. According to Geo News TV,...

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September 22, 2019
‘Commit all fraud you need as long as you support the US dollar’ – Max Keiser on JP Morgan scandal

The US authorities were aware that three JP Morgan traders were manipulating precious metals markets from the start and intentionally “looked the other way,” Max Keiser believes. “Eric Holder, who...

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September 21, 2019
Walmart stops selling e-cigarettes in US as reports of vaping-related deaths soar

The US retailer giant Walmart Inc has announced it will no longer sell electronic cigarettes and electronic nicotine delivery products at its US stores due to reports of vaping-related lung...

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September 21, 2019
US grants Apple tariff exemptions despite Trump’s earlier no-go

The US has granted exemptions from tariffs on parts for Apple's new Mac Pro and on some accessories made in China. This comes amid a wider easing of duties on...

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September 21, 2019
Hard to confiscate & easy to use: Bitcoin is better than fiat money – Keiser Report

While the ‘mainstream' global economy is struggling with deflation and negative interest rates ‘insanity,' bitcoin seems to be entering the stage as an answer to economic problems, an expert has...

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September 21, 2019
Are oil traders already looking beyond the Saudi oil crisis?

Oil markets went for a wild ride this week in the aftermath of the drone strike on one of the world's most important crude processing facilities. The attack led to...

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September 20, 2019
Trump hits Iranian bank with ‘highest’ sanctions ever imposed on a country

US President Donald Trump told reporters on Friday that he has ordered sanctions on Iran's national bank following the attacks on Saudi Arabia's oil facilities. The announcement was made in...

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September 20, 2019
‘Blindingly obvious’: Trump’s trade war to blame for diminished growth prospects – RT’s Boom Bust

After the OECD issued a downbeat outlook for global growth citing the trade dispute between the US and China, an expert tells RT's Boom Bust that the correlation has become...

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