Business

August 20, 2019
Going for gold: Russia boosts bullion stockpile by 9 tons in July

Russia's gold reserves rose by 9 tons in July, increasing the value of the bullion holdings by 1.64% to a hefty $101.923 billion (€92 billion), as of August 1. Official...

Continue Reading
August 20, 2019
Why the negativity? Rich Danes will be forced to PAY bank to hold their deposits

Wealthy clients of Denmark's third largest bank, Jyske Bank, will have to pay to keep savings there instead of earning interest. The bank plans to apply negative interest rates to...

Continue Reading
August 20, 2019
Hong Kong’s days as global financial hub may be numbered – Jim Rogers

Hong Kong is losing its status as a major financial center as investors seek a ‘safe haven' for their assets in places like Singapore amid rising tensions in the city,...

Continue Reading
August 20, 2019
Hong Kong’s days as global financial hub may be numbered – Jim Rogers

Hong Kong is losing its status as a major financial center as investors seek a ‘safe haven' for their assets in places like Singapore amid rising tensions in the city,...

Continue Reading
August 20, 2019
Global economy suffers from high debt with US in worst shape, Peter Schiff tells Boom Bust

With the Dow having its worst session in years over fears of a looming recession and central banks worldwide cutting interest rates, Boom Bust looks at where the global economy...

Continue Reading
August 20, 2019
Jeffrey Epstein ‘signed will’ two days before his death, leaving behind nearly $600 million trust

Sex offender Jeffrey Epstein reportedly signed a will around 48 hours before he was found dead in his cell on August 10, according to court papers obtained by the New...

Continue Reading
August 20, 2019
Huawei blasts US move to expand blacklist of its affiliates as ‘politically motivated’

Chinese telecom giant Huawei has said the US decision to blacklist another 46 of the firm's affiliates is ‘unjust.' The list now includes more than 100 entries. The US Department...

Continue Reading
August 19, 2019
Google, Amazon, Facebook, Apple to testify in Washington against French digital tax

US tech giants are set to testify at a US government hearing over the French digital tax imposed last month in an attempt to level the playing field between big...

Continue Reading
August 19, 2019
US ban on technology & equipment sales to Huawei pushed back by 90 days

China's tech giant Huawei will be granted a 90-day reprieve allowing it to continue buying technology and equipment from American firms, US Commerce Secretary Wilbur Ross said on Monday. The...

Continue Reading
August 19, 2019
Ukraine’s ex-president Poroshenko siphoned off at least $8 billion, US businessman claims

Ukraine's former president, Petro Poroshenko, withdrew at least $8 billion from the country while he was in office, American billionaire Sam Kislin claims, adding that it's impossible to bring back...

Continue Reading
August 19, 2019
‘Massive f*** up’: Bungled auction turns cheers to jeers as Nazi-era ‘Porsche’ fails to sell

A Nazi-era Porsche that was set to become one of the most expensive automobiles in history failed to sell at auction after a technical mix-up. The race car, a 1939...

Continue Reading
August 19, 2019
US plans to send nuclear reactors to space

Despite the nuclear industry stumbling in the domestic United States, the country is looking to put nuclear reactors on Mars and the Moon. While the nuclear energy industry is struggling...

Continue Reading
August 18, 2019
Iran to establish ferry link to Russia’s Dagestan across Caspian Sea

Tehran is in talks with Moscow over plans to establish a ferry service across the Caspian Sea that would link Iran with Russia's Dagestan. Read Full Article at RT.com

Continue Reading
August 18, 2019
‘It’s theft’: RT’s Keiser Report unearths ugly truth about negative yield bonds

RT's latest episode of The Keiser Report looks at what the infamous negative yielding bonds are made of, who profits from them – and who suffers losses. Read Full Article...

Continue Reading
August 18, 2019
Spirit of the Rose: Pink diamond cut in Moscow set to become Russia’s most expensive gem

An oval, 14.83-carat pink gem cut in Moscow has been valued by the Gemological Institute of America at a minimum of $60 million (€54 million), one of the highest prices...

Continue Reading
August 17, 2019
China prepares its ‘nuclear option’ in trade war

As the trade war continues to escalate, China is becoming increasingly active in Iran and is considering retaliating with what has long been described as the country's ‘nuclear option'. Read...

Continue Reading
August 17, 2019
WATCH China’s new commercial-use rocket delivers 3 satellites into orbit

A Chinese carrier rocket designed for commercial use has made its maiden flight, carrying three satellites into orbit. State media released footage of the successful launch. Read Full Article at...

Continue Reading
August 16, 2019
Hong Kong banks say threat of massive cash withdrawals by protesters won’t cause problems

Banks in Hong Kong say they can cope with a sudden increase in demand for cash after reported calls by protesters to take out and convert their money to dollars...

Continue Reading
August 16, 2019
Huawei to unveil its own mapping service to challenge Google Maps

Shortly after launching its own operating system, HarmonyOS, to replace Google's Android, Chinese tech giant Huawei vowed to take on Google Maps, with plans to unveil a domestically-created alternative. Read...

Continue Reading
August 16, 2019
Over a barrel: Trump’s oil sanctions make Russian crude exporters $1 billion richer

US economic pressure on Iran and Venezuela has deprived world oil markets of two large exporters. However, this gap has been filled by Russian supplies, earning its oil firms at...

Continue Reading
August 16, 2019
Japan keeps gobbling up US debt as Russia keeps on dumping

China lost its status of top foreign holder of US debt securities in June for the first time in around two years, US Treasury Department data released on Thursday shows....

Continue Reading
August 15, 2019
Trump says a trade agreement with China will be on US terms

The is no purpose to a trade deal with Beijing if it is not on Washington's terms, US president Donald Trump said, shortly after China threatened a retaliation to new...

Continue Reading
August 15, 2019
US must accumulate more & more debt in order to keep economy from collapsing – RT’s Keiser Report

Max Keiser and Stacy Herbert discuss the fact that the US Federal Reserve is stuck in a rate-cutting box of its own making. Read Full Article at RT.com

Continue Reading
August 15, 2019
China vows immediate retaliation if US proceeds with new tariffs

Beijing has refused to sit idle if Washington hits $300 billion worth of Chinese imports with additional 10 percent levies, calling the decision a violation of agreements reached by presidents...

Continue Reading
August 15, 2019
Lost forests: Russia considers banning lumber exports to China over concerns about illegal logging

Moscow may impose a full embargo on lumber exports to its largest trade partner, China, if Beijing fails to deal with illegal logging, Russia's Ministry of Natural Resources and Environment...

Continue Reading
August 15, 2019
Russia says WTO would likely cease to exist if United States quits trade body

The US withdrawal from the World Trade Organization (WTO) could lead to the extinction of the regulating body, the Kremlin said following US President Donald Trump's warning that Washington may...

Continue Reading
August 14, 2019
DOW dips 650+ points amid signs of recession

Stock fell and demands for bonds rose as the markets interpreted Treasuries rates as a signal preceding a recession. Dow Jones has lost over 650 points, with other stock indexes...

Continue Reading
August 14, 2019
US stocks crash after bond market flashes strong recession warning

US markets opened in the red on Wednesday, with the Dow Jones Industrial Average losing more than 400 points, after the US bond market sparked new fears about a looming...

Continue Reading
August 14, 2019
Russia & China set to double trade turnover to $200 billion in 5 years

Moscow and Beijing have eliminated all the barriers that can impede their fast-developing cooperation, China's new ambassador in Moscow said, announcing the timeline to reach the ambitious goal of doubling...

Continue Reading
August 14, 2019
Trump blasts China & India for ‘taking advantage’ of WTO’s developing nations tag

US President Donald Trump has questioned China and India's developing country status, saying they are “taking advantage” of lenient treatment granted to them under global trade rules. Read Full Article...

Continue Reading
August 14, 2019
Mortgage debt in US exceeds 2008 financial crisis peak

US mortgage debt has hit a record in the second quarter of 2019, exceeding the peak it reached during the 2008 financial crisis. However, delinquencies are lower and debt defaults...

Continue Reading
August 14, 2019
Hong Kong super-rich take their money and escape to New York amid protests at home

Anti-government protests in Hong Kong are forcing local wealthy families to relocate to the US as they are seeking to buy property there instead of just investing in it, a...

Continue Reading
August 14, 2019
The future of pedophile Jeffrey Epstein’s fortune clouded in mystery after his death

Millionaire sex offender Jeffrey Epstein's death has raised many questions. With his accusers seeking compensation, there is speculation about where his wealth came from, how much there is, and what...

Continue Reading
August 13, 2019
US postpones tariffs on some Chinese products, including cell phones & laptops

Further US tariffs on some Chinese imports are set to be delayed untill December 15, the United States Trade Representative (USTR) has announced. Read Full Article at RT.com

Continue Reading
August 13, 2019
Once upon a time in… Chelyabinsk: Tarantino ‘helps’ Russian man sell his flat (PHOTOS)

A creative Russian used his Photoshop skills and added Quentin Tarantino to the images of the flat he is trying to sell shortly after the premiere of the famous director's...

Continue Reading
August 13, 2019
Bitcoin beware? After banning all cryptocurrencies China ‘close’ to releasing its own digital coin

The People's Bank of China (PBOC) is “close” to issuing its own digital currency, a senior official has said. The news follows a crackdown by authorities on cryptocurrency trading with...

Continue Reading
August 13, 2019
US ban on govt contracts with Huawei & other Chinese tech firms comes into force

The ban on federal purchases of equipment and services from five Chinese companies, including tech giant Huawei and ZTE, took effect on Tuesday morning in the United States. Read Full...

Continue Reading
August 13, 2019
Currency wars: Beijing says it won’t weaponize yuan in US trade conflict

China has pledged not to depreciate the yuan's exchange rate after Washington officially labeled Beijing a currency manipulator amid the escalation of the trade conflict between the world's two biggest...

Continue Reading
August 13, 2019
Gold in, dollar out: Russia set to become world’s 4th biggest reserve holder

Russia is set to replace Saudi Arabia as the fourth biggest holder of foreign currency reserves, precious metals, and other securities, under the policy of ridding its economy of dollar-denominated...

Continue Reading
August 13, 2019
‘Flashing yellow’: US facing 1 in 3 chance of recession within the year, says Bank of America

Bank of America has warned the US economy has nearly a one-in-three chance of being plunged into a recession within the year as the trade war with China heats up...

Continue Reading