Business

August 12, 2019
Coach and Givenchy apologize for not knowing that Hong Kong and Taiwan are part of China

Luxury brands Coach and Givenchy have rushed to reassure Chinese customers that they respect China's territorial integrity after they found themselves in hot water over products listing Hong Kong and...

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August 12, 2019
Dow set for triple-digit losses, S&P and Nasdaq also down amid US-China trade tensions

US stock index futures plunged on Monday, with the Dow Jones Industrial Average expected to open about 200 points down. The S&P 500 and Nasdaq futures are also pointing lower...

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August 12, 2019
Russia & India discuss Arctic energy projects & plan to sign dozens of B2B deals

India and Russia are in talks over possible gas projects in the Arctic, India's Minister of Trade and Industry Piyush Goyal said in Vladivostok where delegations from both states are...

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August 12, 2019
Russia’s credit rating soars to pre-sanctions level with reserves projected to reach $600 billion

Russia will continue to boost its foreign exchange and gold reserves, adding more than $70 billion to its coffers in two years, Fitch Ratings predicted as it raised the country's...

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August 12, 2019
S. Korea to drop Japan from ‘white list’ of trusted trading partners in tit-for-tat move

Seoul is to downgrade Japan's trading status amid an escalating trade war between the Asian nations. Tokyo earlier announced that it was dropping South Korea from its trade ‘white list'...

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August 11, 2019
Moscow’s Sheremetyevo rated world’s best airport; New York’s JFK, one of the worst

The Russian capital's main air hub – Sheremetyevo International Airport – has been voted world's best in a rating by UK-based luggage service provider Stasher, beating London's Heathrow, Amsterdam's Schiphol,...

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August 11, 2019
Washington’s emissions plan could cost US economy $400 billion

A controversial proposal by the Trump administration to freeze greenhouse gas emissions standards could end up costing the economy US$400 billion. Read Full Article at RT.com

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August 10, 2019
Time is almost up for US shale industry

A top US shale executive said that it may only be the Midland basin in the Permian that can grow production beyond 2025. Read Full Article at RT.com

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August 10, 2019
UN climate report urges people to stop eating meat & abusing land to save planet

The UN's climate-change watchdog says our choice of diet is directly linked to land use and to its abuse, a key driver of the problem. Scientists claim a radical shift...

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August 9, 2019
Malaysia charges 17 current & ex-Goldman Sachs bosses with looting of country’s wealth fund

Malaysia has extended pressure on Wall Street titan Goldman Sachs, filing criminal charges against 17 current and former directors of the bank's subsidiaries over alleged involvement in the multi-billion-dollar 1MDB...

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August 9, 2019
Bayer stock jumps after reported $8bn offer to settle lawsuits over Monsanto Roundup weed killer

German pharmaceutical firm Bayer's shares jumped by up to 11 percent on Friday, after media reported that the company may settle the avalanche of US lawsuits over weed killer Roundup...

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August 9, 2019
Huawei launches own operating system to replace Google’s Android

Huawei has rolled out its long-rumored Hongmeng operating system (OS), known as the HarmonyOS. The company says it can switch to the new system at any time, including on phones,...

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August 9, 2019
US hurts its own tech sector by putting brakes on Huawei trade licenses – report

The White Housw is holding off on granting licenses that would allow US firms to trade with Huawei, according to Bloomberg. The move, which could hurt the US tech sector,...

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August 8, 2019
‘Height of insanity’: RT’s Keiser Report negative on idea of negative yield bonds

Bond-buying programs by the world's central banks have already driven the total amount of debt with yields below zero to a record of $13 trillion. RT's latest Keiser Report looks...

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August 8, 2019
Russia enters super-fast communication era with launch of first 5G zone in Moscow

A pilot 5G zone, the first of its kind, has been launched in the heart of the Russian capital on Thursday. Swedish telecom company Ericsson provided the equipment for the...

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August 8, 2019
Norway’s trillion dollar fund isn’t ditching oil after all

The world's largest sovereign wealth fund shocked the world when it said it was dumping oil and gas stocks, but it seems to have had a change of heart. Read...

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August 8, 2019
Trump bribing American farmers with taxpayer money to fix trade war damage – Prof. Richard Wolff

US President Donald Trump is essentially buying votes with money from American taxpayers after his aggressive tariff policy on China boomeranged on US farmers, Professor Richard Wolff has told RT....

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August 8, 2019
Apple under investigation in Russia over stifling competition in app market

Russia's Federal Antimonopoly Service (FAS) has launched an official inquiry into the actions of Apple Inc. after cyber-security company Kaspersky Lab accused it of unfair competition. Read Full Article at...

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August 8, 2019
China wants US to bear the cost of trade war by making rare earths more rare

China's rare earths association has warned that the trade conflict with the US will harm American businesses and consumers, as it confirmed its readiness to weaponize the prized elements. Read...

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August 7, 2019
Trump finds another scapegoat to blame for US problems… and this time it’s not China

In his morning tweets, US President Donald Trump has switched from blaming China for all of America's misfortunes to the Federal Reserve, calling on the Fed to accelerate interest-rate cuts....

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August 7, 2019
From brat to wurst? Germany proposes beefing up meat tax to battle climate change

Meat-lovers in Germany may soon be forced to cut back on steak and sausage consumption; lawmakers have proposed nearly tripling the tax on meat in an effort to improve animal...

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August 7, 2019
America not the only game in town: Russia ready to replace US exports to China

China can switch to the Russian market to replace American products amid the ongoing trade war with Washington, Russian Economy Development Minister Maksim Oreshkin has announced. Read Full Article at...

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August 7, 2019
China’s ban on US agriculture hurts American farmers & Trump’s re-election bid

The loss of China as the fourth largest market for US agricultural exports has put the already weakened sector in danger of further decline, experts warn, despite billions in federal...

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August 7, 2019
‘Gambler Trump plays poker while China plays chess’, thinking a few moves ahead

The Trump administration is putting the US on a dangerous course by not assessing the long-term risks in the ongoing trade war with China, analysts told RT as tensions flare...

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August 6, 2019
US tariffs driving down yuan, not the Chinese government – Jim Rogers

While the US continues to accuse its trade war rival China of currency manipulation, Washington has itself to blame for the recent weakening of the yuan, according to legendary investor...

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August 6, 2019
Pot calling the kettle black? US accuses China of currency manipulation… but what does that mean?

On Monday, the United States government officially labeled China a ‘currency manipulator.' But all countries manage their own national currencies. Here's a quick explainer of what this means. Read Full...

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August 6, 2019
Carmakers face supply bottleneck of this crucial metal

Demand for battery metals continues to grow, and while carmakers were concerned about a lithium and cobalt shortage in recent years, they seem more concerned about nickel nowadays. Read Full...

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August 5, 2019
US Treasury declares China a ‘currency manipulator’

China is devaluing its currency to gain an unfair competitive advantage in international trade, US Treasury Secretary Steven Mnuchin has announced, escalating the trade war between Washington and Beijing. Read...

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August 5, 2019
Global stock markets crash as US trade war with China escalates

Escalation of US-China trade tensions spooked investors as the Wall Street opened deep in the red on Monday. The Dow Jones Industrial Average fell more than 580 points or around...

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August 5, 2019
Fracking cracking: Oil price correction triggers US shale meltdown

It was a rough week for the US shale industry. A series of earnings reports came out in recent days, and while some drillers beat expectations, there were some huge...

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August 5, 2019
Huawei likely to replace Google’s Android with own mobile operating system this year

A new Huawei phone equipped with the Hongmeng operating system (OS), developed by the Chinese telecom giant to replace Google's Android, could go on sale in 2019, according to Chinese...

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August 5, 2019
Russia undermines US dollar dominance by shifting trade to local currencies

Russia has nearly halved the share of the US dollar in trade with India and China and continued to reduce the use of the greenback in deals with the EU,...

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August 4, 2019
China is now officially open for foreign oil, gas exploration

The Chinese oil and gas sector is now officially open for foreign participation without a requirement to form joint ventures with local companies. Read Full Article at RT.com

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August 4, 2019
Millions of ‘slaves’ around the world still making stuff we buy today

There were 40.3 million people living in conditions of slavery in 2018, mostly women, a recent report by the Walk Free Initiative shows. Researchers say slavery did not end with...

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August 3, 2019
Light oil set to flood global market

The vast amount of new oil production is coming from the US and Canada, according to new data from oil major Eni. Read Full Article at RT.com

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August 3, 2019
Apple suspends Siri program that allows employees to listen in on users’ private conversations

Apple has announced it is temporarily suspending its program which monitored recordings from AI assistant Siri after reports that it allowed the company's human contractors to listen in on private...

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August 3, 2019
Air traffic between China & Africa skyrockets 630% in the last decade

Massive Chinese investment pouring into Africa has led to the rapid expansion of air traffic between the east Asian country and the continent. Read Full Article at RT.com

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August 2, 2019
Everybody will benefit from Brexit long-term, British American Business Association tells Boom Bust

The Bank of England has cut its forecast for UK growth over the next two years, warning that a no-deal Brexit would hit the economy and trigger a further drop...

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