Business

June 23, 2019
Oil could skyrocket to over $100-per-barrel if Iran-US war breaks out, analysts predict

A full-fledged war between the US and Iran would immediately affect global crude prices, as the recent escalation of tensions in the Middle East has already shown. The only question...

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June 23, 2019
China presents world’s first ‘intelligent’ mega oil tanker (VIDEO)

An oil carrier the size of nearly three football fields has been delivered to its new owner in northeast China. It is the first “smart” carrier in the world, and...

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June 22, 2019
Books vs Bucks: Trump’s China tariffs may result in a crippling ‘Bible tax,’ publishers warn

The proposed tariffs on $300 billion-worth of Chinese imports may have an unintended consequence. A feared shortage of Bibles and children's books will make the reading of Christianity's holy text...

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June 22, 2019
Bitcoin breaks key $10,000 mark, reaching 15-month high

The price of the world's largest cryptocurrency by market capitalization, bitcoin, crossed the psychological mark of $10,000 on Friday night and further extended the gains on Saturday to hit a...

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June 22, 2019
Huawei files lawsuit against US government over seizure of equipment

Chinese tech giant Huawei has filed a civil lawsuit against the US Commerce Department over the mishandling of telecommunications equipment seized by American officials, demanding its release. Read Full Article...

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June 21, 2019
Airbus steals Paris Air Show with twice as many new plane orders than Boeing

European aerospace company Airbus has dominated Le Bourget airfield as it easily outpaced US rival Boeing with the number of orders for its aircraft on the final day of trading...

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June 21, 2019
Malaysia seeks to recoup around $5 billion worth of state fund-linked assets

Malaysian authorities intensified efforts to recover funds which have been siphoned from the 1Malaysia Development Berhad (1MDB) fund at the center of the global corruption scandal. Read Full Article at...

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June 21, 2019
Surge in oil price after Hormuz drone attack could lead to global recession, experts tell Boom Bust

Global crude prices have jumped on foot of the escalating tensions in the Middle East, where a US military drone was shot down by Iranian forces over the Strait of...

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June 21, 2019
Bitcoin extends monster rally as it confidently moves toward $10,000

The price of Bitcoin has surged, exceeding its one-year high. The world's most popular cryptocurrency was trading at nearly $9,900 on Friday, continuing its 2019 rally that has seen its...

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June 21, 2019
India looks to Russian crude as Iranian imports crash

India and Russia continue to bolster their energy cooperation, and now India is looking at ways to establish oil shipping routes from Russia's Far East India's east coast. Read Full...

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June 21, 2019
Hungary sees no security risk from Huawei as it sets out to build its 5G network

Hungary does not see any evidence that Chinese tech giant Huawei poses a security threat as alleged by Washington, according to the country's Innovation and Technology Minister. Read Full Article...

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June 21, 2019
China could build 30 Silk Road nuclear reactors by 2030

Beijing needs to take full advantage of the opportunities provided by the Belt and Road Initiative (BRI) and give more financial and policy support to its nuclear sector, senior Chinese...

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June 20, 2019
Preparing for dollar doomsday? Russia adds 6 more tons of gold to its coffers in May

The Central Bank of Russia (CBR) has purchased 200,000 troy ounces (6 tons) of gold in May, boosting bullion reserves to 2,190 tons. Read Full Article at RT.com

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June 20, 2019
Russian energy companies make top 20 list of most profitable investments

Russian oil giant Lukoil and the country's biggest independent gas producer, Novatek, are among the 20 biggest large-cap value creators for shareholders, the Boston Consulting Group (BCG) rating shows. Read...

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June 20, 2019
China could challenge US dollar’s dominance by globalizing the yuan – economist Jim O’Neill

The “only way that can ever change” the supremacy of the US dollar as a global reserve currency is if there's a genuine, “long-term alternative,” former chairman of Goldman Sachs...

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June 20, 2019
Putin predicts doubling of Russian agriculture exports by 2024

Sales of Russia's agricultural products abroad are expected to reach $45 billion in the next five years, according to President Vladimir Putin. Read Full Article at RT.com

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June 20, 2019
Sanctions cost European economies $240 billion while Russia lost $50 billion – Putin

Western economic restrictions have deprived the Russian economy of $50 billion, but the European Union has been hit harder, losing $240 billion since 2014, according Russian President Vladimir Putin. Read...

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June 20, 2019
Rothschilds accused of preying on South Africa’s state-owned enterprises

South African unions have joined forces to take on the Rothschild family, which they have accused of being involved in attempts to 'capture' the country's State Owned Enterprises (SOEs). Read...

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June 20, 2019
American Airlines snubs US planemaker Boeing for European rival Airbus

The world's largest air carrier, American Airlines, has become the first major US airline to buy 50 long-range, single-aisle A321XLR jets from Airbus as Boeing is tries to win back...

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June 20, 2019
China fights back against Trump tariffs by lowering duties on US’ competitors

Amid the ongoing trade war with the US, China appears to be “rolling out the red carpet for the rest of the world,” reducing tariffs on countries competing with the...

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June 19, 2019
Harley-Davidson will build motorcycles in China at the risk of angering Trump

American motorcycle manufacturer Harley-Davidson said on Wednesday it is teaming up with China's Qianjiang Motorcycle to make a new smaller motorcycle than its trademark ‘big hogs'. Read Full Article at...

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June 19, 2019
Are India & the US headed for a full-blown trade war? RT’s Boom Bust finds out

Asia's second largest nation, India, has recently raised tariffs on US goods in response to Washington ending trade privileges for the country. Read Full Article at RT.com

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June 19, 2019
Adidas’ three stripes not recognizable enough for trademark rules EU court

The General Court of the European Union ruled on Wednesday that Adidas' three-stripe branding was invalid as a trademark as it lacked a distinctive character. Read Full Article at RT.com

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June 19, 2019
Pot calling the kettle black? Trump accuses European Central Bank of manipulating the euro

US President Donald Trump on Tuesday took a shot at ECB head Mario Draghi, who said Europe may be in line for more stimulus money – a move which would...

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June 19, 2019
‘Dollar becoming toxic’, more nations searching for alternatives – Russia’s foreign intel chief

The US dollar is an anachronism of the modern world economy, according to the director of the Russian Foreign Intelligence Service, Sergey Naryshkin. Read Full Article at RT.com

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June 18, 2019
Boeing gets ZERO orders first day at Le Bourget as European rival Airbus steals Paris Air Show

As the Paris Air Show kicked off on Monday at Le Bourget, European aerospace giant Airbus recorded over 100 orders for its aircraft. Boeing didn't fare so well, however –...

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June 18, 2019
Maxed out? Boeing says it’s open to changing the name of its troubled 737 MAX jet

US aviation giant Boeing's chief financial officer, Greg Smith, has revealed the possibility of a name change to the troubled 737 MAX aircraft. The plane has been grounded across the...

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June 18, 2019
Till debt do us part: Russia’s holdings of US Treasuries plunge to 12-year low

Foreign investors led by Russia accelerated the reduction of US debt securities in April, decreasing their holdings of Treasury bills by $29.5 billion, data released by the US Treasury Department...

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June 18, 2019
Cheddar to the rescue? UK company uses cheese to power 4,000 homes

A UK dairy in Yorkshire has signed an agreement with a local biogas plant to supply it with a by-product of cheese-making that would be turned into thermal power to...

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June 17, 2019
Putin orders simplified e-visa for foreigners visiting Russia

Russian President Vladimir Putin has signed an order to ensure the introduction of an electronic single-entry visa from 2021 for foreigners visiting Russia. Read Full Article at RT.com

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June 17, 2019
UK-listed firms become 1st foreigners to sell stocks in mainland China

A new stock exchange connection between Britain and China launched on Monday, which will see UK-listed companies become the first foreign firms permitted to list stocks in mainland China. Read...

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June 17, 2019
Russian aviation makes return to Paris Air Show after 5-year hiatus

Russia's aircraft manufacturers are taking part in the 2019 Paris Air Show which kicked off on Monday at Le Bourget airport. Russia has not participated in the show since 2014...

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June 17, 2019
Russia pushes back against America’s expensive ‘Freedom Gas’

So far this year, Russia has been flooding the European markets with an oversupply of natural gas despite the fact that the glut is pushing natural gas prices lower. Read...

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June 17, 2019
US tech giants are losing billions, quietly lobby to ease Huawei ban – report

Highly concerned over an imminent loss of billions of dollars in trade with Huawei, Silicon Valley giants have been quietly lobbying the Trump administration to ease its ban on sales...

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June 17, 2019
China to roll out new rare earths policy ‘as soon as possible’

Amid the ongoing trade war with the US, the Chinese development and reform commission is currently developing new state policies on rare earth metals, and intends to make them public...

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June 16, 2019
No hard stuff: London Metal Exchange bans traders from boozing during work hours

In an attempt to improve the image of its industry, the world's largest metals bourse, the London Metal Exchange (LME), is planning to enforce an official ban on alcohol consumption...

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June 16, 2019
Russia builds dozens of airports while Berlin’s Brandenburg still unfinished after 13 years (PHOTOS)

Renowned German punctuality doesn't apply when it comes to the Berlin Brandenburg Airport. Its opening, originally scheduled for 2011, has been postponed several times and there are doubts it will...

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June 16, 2019
Beware! Two ‘black swans’ may come out of nowhere & kill stocks this summer, experts warn

The aftermath of the spiraling US-China trade war tariffs could be a “clear and present danger” to the markets, according to Barry Knapp, managing partner of Ironsides Macroeconomics. Read Full...

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June 16, 2019
All decked out: Russia’s shipbuilding major unveils its plans for Arctic cruise liners

United Shipbuilding Corporation, a state-run Russian holding company, has revealed design-projects for several cruise ships, aimed at transporting travelers through the waters of the Russian Arctic. Read Full Article at...

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June 15, 2019
Foreign banks willing to join Russia’s alternative to SWIFT

Banks based in several states are planning to participate in the Russian-developed money transfer network that serves as an alternative to the traditional SWIFT system, according to the head of...

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