Business

May 24, 2019
Patriot games: Chinese dump iPhones & switch to domestic Huawei devices amid US crackdown

A growing number of former Apple devotees in China have started switching from iPhones to domestic Huawei smartphones as trade and technology tensions escalate between Washington and Beijing. Read Full...

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May 24, 2019
US proposes penalties on countries it accuses of manipulating currencies

The US Commerce Department has proposed a new rule to impose anti-subsidy duties on products from countries that Washington sees as undervaluing their currencies against the dollar to get an...

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May 24, 2019
World Bank ranks Ukraine as one of the poorest nations in Europe & beyond

Ukraine is rated as one of the poorest countries in Europe and Central Asia when it comes to GDP per capita, according to the country's key creditor, the World Bank....

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May 24, 2019
India stops purchases of Iranian oil as US waivers expire – envoy

One of Iran's key energy partners, India, has stopped importing oil from the Islamic Republic after the US waivers allowing the country to bypass sanctions expired earlier this month. Read...

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May 24, 2019
Venezuela plans to develop 4G network with help from Russia & China

Venezuelan President Nicolas Maduro said his government is planning to invite Russian telecom companies, along with Chinese tech giants Huawei and ZTE, to develop a nationwide 4G telecommunication network in...

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May 23, 2019
Who will cash in on US trade wars & how to get around the tariffs? RT’s Boom Bust has the answer

While the trade dispute between the US and China is leaving scores of companies in a state of confusion and uncertainty, some beneficiaries are emerging. Read Full Article at RT.com

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May 23, 2019
Russia boosting gold reserves at a time of impending US dollar crisis – Peter Schiff

The global gold fever, led by Russia which is diversifying its foreign exchange reserves, is the right thing to do as the US dollar's value is being diminished, CEO of...

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May 23, 2019
The art of trade war: Chinese firm bans workers from buying American goods & stateside travel

As the US-China trade dispute gets uglier by the day Chinese corporations seem intent to respond to Washington pressure by fair means or foul. Read Full Article at RT.com

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May 23, 2019
Huawei’s own operating system could be ready this year if cut off from US tech, top exec says

Chinese technology giant Huawei could introduce its own operating system, for smartphones and laptops, this year if the company is banned from using Google and Microsoft software due to pressure...

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May 23, 2019
End of Trump’s tariff game with Canada & Mexico sends warning signal to ‘high-risk adversary’ China

The US trade war with China stems from the same strategy used on Mexico and Canada, and the recent end of metals duties for America's allies could mean that the...

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May 22, 2019
Auto industry will never let Tesla drive at high speed, analyst tells RT’s Boom Bust

Tesla's stock has been under serious pressure over the past week, at times dropping below $200 per share. Even though shares have pared some of the losses so far, the...

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May 22, 2019
China’s other nuclear option in trade war with US – Rare earth materials

Beijing has yet another economic weapon to use against Washington in the escalating trade row – a possible embargo on vital rare earth metals needed to make everything from high-tech...

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May 22, 2019
Mass exodus of US firms from China amid trade war won’t mean they’ll be coming home, survey shows

Nearly 40 percent of US corporations operating in China are mulling leaving the country amid the ongoing trade dispute between the two countries, the latest poll carried out by two...

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May 22, 2019
Monsanto abused dominant position in India, overcharging farmers for GMO seed – probe

The Competition Commission of India (CCI) found that Mahyco Monsanto Biotech (MMBL) has abused its dominant position in the country by charging an unfair license fee. Read Full Article at...

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May 22, 2019
‘Stupid economics’: Attack on Huawei tells world to avoid doing business with US, says analyst

The US has underestimated the consequences of the attack on Chinese telecom giant Huawei as it sends a strong signal for the rest of the world to avoid dealing with...

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May 22, 2019
India’s economy will ‘come back with a bang,’ country’s ‘Warren Buffett’ says

Billionaire investor Rakesh Jhunjhunwala said he is very bullish about India's medium-to-long-term growth prospects, predicting double-digit figures. Read Full Article at RT.com

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May 21, 2019
Major Chinese airline demands compensation from Boeing over 737 MAX grounding

China Eastern Airlines has requested compensation from the US aerospace giant Boeing over financial damages the carrier had to sustain over the compulsory grounding and suspended delivery of 737 MAX...

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May 21, 2019
Tesla stock continues to crash as Morgan Stanley adds fuel to the fire

Shares of Tesla continued to nosedive on Tuesday after Morgan Stanley cut its worst-case scenario for the automaker's stock to just $10, citing concerns over slowing Chinese demand for its...

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May 21, 2019
Monsanto spied on friend and foe alike in several countries to sway opinion on GMO & herbicides

The recently exposed illegal dossier US herbicide maker Monsanto, now owned by German pharmaceutical firm Bayer, apparently compiled to influence public opinion, included people from seven European states and maybe...

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May 21, 2019
Are we already an ‘insectualised economy’? RT’s Keiser Report has the answer

South Korea's Ministry of Environment reported this month on a rare Asiatic black bear, also called Moon Bear, which has been spotted living in the mined border area between North...

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May 21, 2019
Years of US sanctions have cost Venezuelan economy $130 billion – official

Over the last few years Venezuela has suffered enormous losses due to the economic blockade introduced by Washington, Venezuela's ambassador to Russia Carlos Rafael Faria Tortosa says. Read Full Article...

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May 21, 2019
Zimbabwe’s economy pronounced ‘DEAD’ & set to plunge another 20% this year

The spiraling economic meltdown in Zimbabwe is expected to worsen in 2019, partly due to the out-of-control inflation, the country's Treasury statistics show. Read Full Article at RT.com

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May 21, 2019
Venezuela to ditch Visa & Mastercard by early 2020 – reports

The central bank of Venezuela will develop an independent national payment system to get rid of international giants Visa and Mastercard in response to US sanctions, according to local media...

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May 21, 2019
War with Iran could send oil to $250

As tensions between Iran and the US continue to escalate, analysts have begun to consider the likelihood and consequences of an Iran war. Read Full Article at RT.com

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May 20, 2019
The golden rule: Russia’s gold production sees year-on-year surge of 13%

Gold output in Russia increased by 12.6 percent from January through March this year compared with the same period a year ago, according to the country's ministry of finance. Read...

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May 20, 2019
Russia goes after Nestle after discovery of GMO in its breakfast cereals

Russia's consumer rights protection watchdog Rospotrebnadzor has filed an administrative violation case against Nestle Russia after finding genetically modified papaya in the company's instant cereals oatmeal porridge. Read Full Article...

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May 20, 2019
India’s stocks flying high as PM Modi is set to secure second term

Benchmark Indian indices have closed with gains and came close to their all-time highs after exit polls showed that the country's ruling alliance led by Prime Minister Narendra Modi's party...

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May 20, 2019
Huawei pledges to continue Android device support after rebuff from Google

Tech giant Huawei has vowed to continue support services for customers of its Android-using tablets and smartphones after Google said it was cutting ties with the Chinese firm accused by...

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May 20, 2019
Chinese farm stocks gaining as US-China trade war escalates

The latest exchange of tariff hikes between Washington and Beijing have driven Chinese banking and tech stocks lower. However, the turmoil has benefited the country's agricultural sector which managed to...

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May 20, 2019
Oil rises on Middle East tensions & key crude producers’ reluctance to raise output

Crude prices rallied on Monday, hitting multi-week highs amid geopolitical tensions, as Saudi Arabia and fellow oil suppliers signaled that they might keep output cuts after the OPEC+ deal expires....

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May 20, 2019
‘Slaves in our own nation’: South Africa’s ANC urges economic freedom against white monopoly capital

The struggle for economic emancipation of South Africa's black population should be unstoppable, according to the ANC (African National Congress) secretary-general Ace Magashule. Read Full Article at RT.com

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May 19, 2019
US ‘siege’ of Venezuela disturbs global crude supply – oil minister

Washington's war on Venezuela's economy undermines stability on global markets, the country's oil minister Manuel Quevedo told OPEC cartel, just days after the US placed him on sanctions list alongside...

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May 19, 2019
Russia says too early to discuss OPEC+ deal extension

OPEC countries and allied producers need to discuss the situation on the market before making proposals for the cartel's meeting in June, Russia's energy minister has said amid calls to...

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May 19, 2019
Iraq slams Exxon Mobil’s staff evacuation, says it’s politically motivated

Exxon Mobil's decision to take its foreign employees out from the West Qurna 1 oilfield was unjustified, according to Iraq's oil minister. He added that the withdrawal does not pose...

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May 19, 2019
Huawei has long been ready for US ban & won’t bow to pressure, CEO says

US restrictions won't hurt Chinese telecom giant Huawei much, as it has long been prepared for it, CEO Ren Zhengfei stated, adding that the firm has no intention of changing...

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May 18, 2019
Meet America’s newest $9 trillion climate change solution

Democratic Presidential hopeful and Washington Governor Jay Inslee unveiled a plan for combating climate change through an oft-before cited transition away from fossil fuels and towards renewable energy. Read Full...

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May 18, 2019
Russian vodka, chocolate & wine in demand … in Argentina?

Products made in Russia, such as wine, vodka and chocolate, could be in high demand on the shelves of Argentinean shops, said a member of the Chamber of Deputies of...

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May 18, 2019
US mulls ‘temporary reprieve’ of Huawei ban

Restrictions on Huawei Technologies may temporarily be scaled back, the US Commerce Department noted on Friday after blacklisting the Chinese tech giant under President Donald Trump's ‘national emergency' declaration. Read...

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May 17, 2019
US, Canada to lift tariffs on steel, aluminum and more, stop litigation in WTO – joint statement

Washington and Ottawa have agreed to remove steel and aluminum tariffs as part of an agreement regulating the metal trade between the two neighbors, according to a joint statement. Read...

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May 17, 2019
Trump to shelve tariffs on European and Japanese vehicles for up to six months

US President Donald Trump has decided to delay the promised duties of 25 percent on European and Japanese cars by up to 180 days as Washington tries to clinch an...

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