Business

July 16, 2019
India to push Japan out of world’s top 3 economies by 2025

India is projected to outpace the UK by the end of the year to become one of the world's top five economies. It will then take it just six more...

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July 16, 2019
US judge slashes Monsanto cancer victim’s payout by $55 million

A US federal judge has reduced the $80 million punitive damages award a jury ordered Monsanto to pay to California cancer victim to $25 million. Read Full Article at RT.com

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July 15, 2019
Sea section of Russia’s Nord Stream 2 natural gas pipeline is 60% complete

Russia has finished laying nearly two thirds of the Nord Stream 2 natural gas pipeline along the bottom of the Baltic Sea, the deputy chairman of Gazprom's management committee has...

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July 15, 2019
Huawei to move 1,000 jobs from US to Italy, plus a $3 billion investment to boot

Chinese telecom giant Huawei has called on Rome to ensure the “transparent, efficient and fair” use of its ‘golden power' when it comes to developing Italy's 5G network. Read Full...

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July 15, 2019
India & Russia will use their national currencies for defense deals to bypass US sanctions – report

Russia and one of the biggest importers of its weapons, India, have decided to use their national currencies to transfer payments for massive defense deals in order to skirt possible...

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July 15, 2019
China threatens to sever ties with any US firm linked to selling weapons to Taiwan

The Chinese foreign ministry has warned that American firms would be banned from doing business in China if they are involved in any arms deals with Taiwan. Read Full Article...

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July 15, 2019
Bentley opens its biggest showroom in Ukraine, one of the poorest countries in Europe

British luxury car maker Bentley has announced the opening of a dealership in Ukraine's capital Kyiv, calling it an important step towards strengthening its presence in Central Eastern Europe. Read...

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July 15, 2019
China’s slowing economy still shows growth that any country would envy

Beijing has released second quarter data showing the country's economy grew 6.2 percent from a year ago, the worst result in nearly three decades that also comes amid China's simmering...

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July 15, 2019
Draft US bill seeks to ban big tech from taking over economy with private cryptocurrencies

Fearing the potential impact a popular privately-issued cryptocurrency might have on both American and dollar-dominant global economy, the US lawmakers are drafting a bill to prevent tech giants from taking...

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July 14, 2019
Another global oil glut looms: International Energy Agency forecasts ‘oversupplied market’ for 2020

The International Energy Agency (IEA) is predicting the return of a glut in the oil market in 2020, as OPEC expects demand for its crude to drop while its competitors...

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July 14, 2019
Against the sanctions run of play: German investments in Russia set to smash 10-year record

German businesses poured more than €1.7 billion into the Russian economy in the first three months of 2019, already exceeding half of last year's highest-in-decade figures, the Russian-German Chamber of...

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July 14, 2019
Pentagon wants to secure supply of rare earths after Chinese threats to cut exports – report

The Pentagon has been looking into US miners' capabilities to produce rare earth metals, according to Reuters. It comes after Beijing signaled it may restrict exports of the vital materials...

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July 14, 2019
Huawei plans job cuts in US amid blacklisting row – reports

The Chinese tech corporation is planning to cut hundreds of jobs at its US subsidiary, a media report revealed. The news comes after the firm was banned from buying American...

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July 14, 2019
UK faces highest risk of recession since 2007 and is hardly ready for it

Recession may hit Britain in the next three years and the risk of the gloomy scenario is at its highest level since the financial crisis, a think tank has warned,...

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July 13, 2019
Nuclear bonds: Russia supplies fuel for China Experimental Fast Reactor

The first batch of nuclear fuel has been supplied by a subsidiary of Russia's state nuclear corporation Rosatom for the China Experimental Fast Reactor (CEFR). Read Full Article at RT.com

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July 12, 2019
Visa can no longer refuse to process transactions in Russia in compliance with US sanctions

International payment organization Visa said it is ready to comply with Russian law on the national card system to continue smooth operations in the country. The company pledged to process...

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July 12, 2019
Russia, China, Iran & Venezuela developing crypto to challenge US financial control – study

A new report by the American Foundation for Defense of Democracies (FDD) says the US' geopolitical adversaries are deploying blockchain technology to help avoid sanctions and counter US financial power....

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July 12, 2019
China threatens sanction against US companies selling weapons to Taiwan

Beijing will impose sanctions on US enterprises involved in arms sales to Taiwan, China's Ministry of Foreign Affairs said on Friday. The decision follows Washington's announcement to sell $2.22 billion...

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July 12, 2019
India lifted 271 million people out of poverty between 2006 and 2016 – UN

A new report by the United Nations shows that 1.3 billion people across 101 countries are “multidimensionally poor,” which means that poverty is defined not simply by income but by...

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July 12, 2019
Buggin’ out: Last ever Volkswagen Beetle rolls off Mexican production line

Volkswagen's iconic Beetle car rolled off the production line in Mexico for the final time this week. The sendoff ceremony was accompanied by a Mariachi band. Read Full Article at...

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July 12, 2019
‘US$ is the only real currency!’ Trump demands banking regulation of bitcoin, Facebook’s Libra

The American billionaire leader has slammed the growing popularity of cryptocurrencies, stressing that digital assets only facilitate illegal activity and are made out of ‘thin air' – unlike, of course,...

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July 11, 2019
US economic bubble bigger than before 2008 crash, Peter Schiff tells RT’s Boom Bust

The US Federal Reserve leaning toward rate cuts indicates that it is trying to keep the air from coming out of the stock market bubble, according to Euro Pacific Capital...

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July 11, 2019
France passes law taxing tech giants despite US anger

The French parliament on Thursday passed a law taxing digital firms like Google and Facebook, which have been accused of exploiting global tax loopholes. The decision comes after Washington launched...

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July 11, 2019
Middle East oil tanker insurance rates soar 10-fold since attacks in Strait of Hormuz

Insurance rates for tankers going through the Strait of Hormuz have skyrocketed tenfold in the two months since the first attacks on tankers off the coast of the UAE, CNBC...

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July 11, 2019
Siemens officially applies to localize gas turbine production in Russia

German conglomerate Siemens has applied for a special investment contract to localize production of its high-capacity gas turbines in Russia. The move follows a 2017 scandal over the supply of...

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July 11, 2019
US threatens France over proposed ‘unfair’ tax on Silicon Valley tech giants

The US has launched a probe that may see France slapped with sanctions for its attempt to hike taxes on tech firms, which Washington claims will ‘unfairly' target Silicon Valley...

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July 10, 2019
Perfect timing: Deutsche Bank bosses fitted for £1,500 suits as thousands of employees are laid off

Some managing directors at Deutsche Bank's office in the City of London on Monday were being fitted for suits costing more than £1,000 ($1,250). The same morning, the bank began...

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July 10, 2019
Huawei looking to Russia for technology to cut reliance on US tech

Chinese telecom giant Huawei has contacted several Russian tech firms to create joint ventures and use their technologies, sources told business news outlet RBC. Huawei plans to significantly increase its...

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July 10, 2019
Airbus to become world’s biggest plane maker as Boeing’s deliveries plunge over 737 MAX disaster

American aircraft manufacturer Boeing has reported a 37 percent drop in deliveries for the first half of the year due to the prolonged grounding of its best-selling 737 MAX jets...

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July 10, 2019
China expanding free-trade zones as part of opening up its economy

China's Ministry of Commerce has announced plans to establish six new pilot free-trade zones (FTZs), as well as the expansion of the Shanghai free-trade zone. Read Full Article at RT.com

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July 10, 2019
Indians and Chinese get paid more in UK than white Brits – government report

Chinese and Indian ethnic groups residing in the UK earn substantially more than their white British counterparts, while Bangladeshi and Pakistani workers have the lowest average pay, new government data...

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July 9, 2019
New Silk Road: Russia to build 2,000km highway linking Europe and China

Prime Minister Dmitry Medvedev has approved the construction of a new tolled motorway across Russia designed to significantly shorten cargo routes, local media reported. The project is expected to cost...

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July 9, 2019
Indian tariffs on US goods ‘no longer acceptable!’ – Trump

US President Donald Trump once again slammed India's retaliatory tariffs against American goods on Tuesday. The two countries have been engulfed in a trade dispute, hitting each other with tit-for-tat...

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July 9, 2019
US Fed kingpin of entire banking system, covering central banks when they screw up – Keiser Report

The US Federal Reserve was created with the idea of ultimately being there for any instance of financial crisis in the banking system, says journalist and former banker at Lehman...

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July 9, 2019
Still trust London with your gold? Poland latest to repatriate its bullion from the Bank of England

Poland is repatriating gold from overseas, after it more than doubled its bullion holdings in the past year. Central banks all over the world have been stocking up on gold...

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July 9, 2019
Apple co-founder Steve Wozniak wants everyone to quit Facebook

Tech guru Steve Wozniak has recommended that Facebook users ‘figure out a way to get off' the social network due to ongoing privacy concerns. Wozniak deleted his Facebook account in...

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July 9, 2019
‘One boss – US dollar’? China & India put future of Facebook’s Libra cryptocurrency into question

India and China have expressed skepticism over Libra's prospects, as both seek to limit the cryptocurrency trade. Beijing, in particular, is worried that US-controlled digital currency might undermine its financial...

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July 8, 2019
Germany says it needs Nord Stream 2, denies being captive to Russian energy supplies

The Nord Stream 2 gas pipeline is one of the ways for Germany to meet its growing energy demand, Economy Minister Peter Altmaier has said, rebuffing criticism that the project...

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July 8, 2019
Quick on pledges, slow on cash: France’s mega rich in no hurry with promised donations to Notre Dame

Only €38 million of the promised €850 million have been received so far for the reconstruction of the fire-damaged Notre Dame Cathedral in Paris, the city's Catholic archbishop of Michel...

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July 8, 2019
Deutsche Bank’s brutal overhaul is sign that global financial system is in trouble – Jim Rogers

When traditionally stable institutions like Deutsche Bank find themselves in trouble, it's a signal that the world's financial system will face big problems down the road, legendary investor Jim Rogers...

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