BRICS nations working together to bring trade bloc’s economies back to sustainable growth after Covid crisis – Putin
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BRICS member states have taken emergency steps in order to support national industries, finance and welfare in response to the global coronavirus pandemic, Russian President Vladimir Putin said on Tuesday. Read Full Article at RT.com
EasyJet’s profit dives as coronavirus crisis hammers global travel
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UK budget carrier EasyJet said on Tuesday that the company’s revenue had dropped 52.9 percent year-on-year to just £3 billion ($4 billion) due to the Covid pandemic having brought the global travel industry to a halt. Read Full Article at RT.com
US is BROKE – it’s a huge bubble economy completely supported by debt, says Peter Schiff
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One of the doctors advising Joe Biden on the coronavirus has said the US needs to impose a complete lockdown for four to six weeks as the government can just pay everybody. Peter Schiff says such a proposal is ridiculous. Read Full Article at RT.com
China may launch yuan-denominated copper contract on Shanghai exchange as global appetite for metal soars
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The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates. Copper is the major target of the country’s ambitions. Read Full Article at RT.com
China may launch yuan-denominated copper price benchmark as global appetite for metal soars
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The world’s top metals consumer, China, is considering opening up its commodities markets, as the government wants increased pricing power in the markets it dominates. Copper is the major target of the country’s ambitions. Read Full Article at RT.com
‘Big guns’ of global financial world dumping US dollar in favor of bitcoin & gold – Max Keiser
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As legendary investors and analysts warn about the looming demise of the greenback and look for hedging strategies, Bitcoin is emerging as the perfect way to protect those assets, say the hosts of RT’s Keiser Report. Read Full Article at RT.com
‘Ultra-rare’ pink Russian diamond fetches record $26.6 million in Geneva (PHOTO, VIDEO)
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A mystery buyer has bought an extremely rare purple-pink 14.83-carat diamond, which was mined and cut in Russia. The gem has become the largest of its kind ever to appear at Sotheby's in Geneva. Read Full Article at RT.com
Rothschild heir claims initial victory in legal fight over family’s Nazi-seized legacy in Austria
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The city of Vienna has reportedly suffered the first setback in a dispute with descendants of the Rothschild banking dynasty, who sued the authorities over a charitable trust with assets worth up to €110 million ($130 million). Read Full Article at RT.com
New petrol and diesel cars will be available for purchase in UK for just another 10 years – reports
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Britain may fast-track the sales ban on new petrol and diesel-powered cars as the government is reportedly poised to move the measure forward by another five years. Read Full Article at RT.com
New petrol and diesel cars will be available for purchase for just another 10 years – reports
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Britain may fast-track the sales ban on new petrol and diesel-powered cars as the government is reportedly poised to move the measure forward by another five years. Read Full Article at RT.com
UK to phase out new petrol and diesel cars from 2030 – reports
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Britain may fast-track the sales ban on new petrol and diesel-powered cars as the government is reportedly poised to move the measure forward by another five years. Read Full Article at RT.com
‘The carnage has started’: US facing double-dip recession, economist tells Boom Bust
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The unemployment rate fell sharply in the United States last month despite the surging coronavirus cases in the country. The numbers have been better than expected by economists. Read Full Article at RT.com
China about to pull off ‘diplomatic coup’ by striking world’s largest free trade agreement
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Fifteen Asia-Pacific nations including China and Japan plan to sign the world’s biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of origin, and codify new e-commerce rules. Read Full Article at RT.co
Russia’s gold & foreign currency reserves surge by over $3 BILLION in one week
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Russia’s foreign exchange holdings have risen for the second consecutive week to reach $587.6 billion, according to the latest data released by the country’s central bank. Read Full Article at RT.com
US is living in a sea of debt, but the storm is coming – Max Keiser
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RT’s Keiser Report looks at the student loan debtors waiting for Joe Biden to forgive their loans, and government audits finding an ‘open door policy’ on the no-repay ‘loans’ from the Paycheck Protection Program (PPP). Read Full Article at RT.com
‘On the way to Mars’: Boom Bust observes China’s space race as it launches world’s 1st 6G satellite into orbit
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China has successfully sent 13 satellites into orbit this month with a single rocket, including the world’s first 6G experimental satellite. RT correspondent John Huddy looks at Beijing’s space ambitions. Read Full Article at RT.com
India could be the next BREAKOUT natural gas market
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Currently, five percent of the South Asian country's energy mix is natural gas. India's massive population and relatively underdeveloped economy signify that there is enormous potential. Read Full Article at RT.com
EU goes after Amazon for breaching European antitrust rules
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The European Commission (EC) announced a second formal investigation into online retailer Amazon on Tuesday, accusing the firm of breaching European antitrust rules by using independent sellers’ data for its own benefit. Read Full Article at RT.com
China’s pork prices fall for first time in over a year as shortage eases
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Pork prices in China dropped by 2.8 percent in October compared to a year ago, the National Bureau of Statistics said on Tuesday. It’s the first decrease since February 2019 – more than a year-and-a-half ago. Read Full Article at RT.com
US dollar likely to weaken further if Biden becomes president, Citigroup warns
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US currency will continue to weaken even as geopolitical risks fall after the presidential election, and the next stimulus package could be smaller than expected, Citi Private Bank strategists predict. Read Full Article at RT.com
Despite being technically bankrupt, Iran is nearing completion of South Pars Phase 11, one of the world’s largest new natural gas developments. Read Full Article at RT.com
Dow surges to all-time high after Pfizer reveals its Covid vaccine is more than 90% effective
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Stock markets rallied to record highs at the opening bell in New York on Monday, after drug makers Pfizer and BioNTech announced that their Covid-19 vaccine is more than 90 percent effective. Read Full Article at RT.com
EU to slap tariffs on $4 BILLION worth of US goods over Boeing aid
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The European Union (EU) said on Monday it has agreed to impose tariffs and other penalties on up to $4 billion worth of American goods and services over illegal US government support for plane maker Boeing. Read Full Article at RT.com
Serbia links economic ties with Russia-led free trade zone
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Russian President Vladimir Putin signed a law on Monday ratifying an agreement on a free-trade zone between the Russia-led Eurasian Economic Union (EEU) and the Republic of Serbia. Read Full Article at RT.com
Emerging markets could see influx of cash in event of Biden victory – Standard Chartered
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The “more benign” political environment, if Democratic candidate Joe Biden wins the US presidential election, could be very beneficial for emerging markets, Standard Chartered Bank predicted. Read Full Article at RT.com
India bets big on its farmers to rescue economy from coronavirus pandemic
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The Indian government is pinning its hopes on the agricultural sector to boost the country’s economy that has been hurt by the Covid-19 crisis. Bountiful rains have set the stage for another year of record crops, officials say. Read Full Article at RT.com
Russian economy to cope with coronavirus shock better than expected – European Commission
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The European Commission has improved its forecast for the Russian economy, while downgrading its global outlook, as the coronavirus crisis continues to batter the world economy. Read Full Article at RT.com
Russia-China trade NOT affected by pandemic, set to hit $110 BILLION – ambassador
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The volume of trade between Russia and China could match last year’s level of $110 billion if it continues to develop at the current pace, said Russian Ambassador to China Andrey Denisov. Read Full Article at RT.com
Move over, Musk! Volkswagen & Toyota revved up to challenge Tesla’s electric car market dominance
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The bosses of the world’s two largest automakers, Volkswagen and Toyota, have hit out at Tesla as they seek to challenge their US rival’s leadership in the electric car market and avoid falling into oblivion. Read Full Article at RT.com
Consolidation is killing jobs in US shale industry
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The long-awaited consolidation in the US shale patch is well underway, with several high-profile multi-billion-dollar deals announced in the span of just a few weeks. Read Full Article at RT.com
China’s foreign trade boomed again in October, with exports surging at their fastest pace for 19 months and imports showing stable growth, as the world’s second-largest economy continues to rebound from the coronavirus pandemic. Read Full Article at RT.co
Skyrocketing bitcoin makes cryptocurrencies best asset of the year, outperforming gold
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Bitcoin has hit its highest level since January 2018, nearing $16,000 during a wild post-election rally. The surge pushed other cryptocurrencies higher, making them more attractive than the traditional safe haven asset, gold. Read Full Article at RT.com
China may impose sweeping tariffs on Australian wine & ban other imports
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Australian industry groups fear they may lose the lucrative Chinese market amid reports that Beijing could slap anti-dumping duties on Australian wine and suspend other imports as relations between the two nations sour. Read Full Article at RT.com
Fed boss Jerome Powell is ‘Godzilla,’ worshipped like a magical creature for his money-printing power – Max Keiser
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The hosts of the Keiser Report, Max Keiser and Stacy Herbert look at the winner being declared in the trending topics list on Twitter, days before the actual US election was held. Read Full Article at RT.com
China looks to boost oil exploration, expand oil & gas storage
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China plans to further increase oil and gas exploration and accelerate the construction of more oil and gas storage infrastructure, state news agency Xinhua reported. Read Full Article at RT.com
Bayer takes more than $10 BILLION write-down over Monsanto’s Roundup weed killer
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German pharmaceutical giant Bayer said it’s facing a double hit from a higher legal bill for claims relating to weed killer Roundup and €9.25 billion ($10.8 billion) in impairments on Monsanto-related agriculture businesses. Read Full Article at RT.com
Game over for Empire of Debt: US dollar hegemony no longer works, says Max Keiser
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The World Economic Forum said it is starting The Great Reset initiative to improve the urgently needed change of the state of the world. Max Keiser and Stacy Herbert explore what that could actually mean for the global economy. Read Full Article at RT.com
China may ban imports of Australian wheat as trade tensions escalate – sources
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Beijing is expected to bar Australian wheat imports, putting a AU$560 million (US$394 million) trade at risk, industry sources told the South China Morning Post. The grain could be the latest Australian product banned in China. Read Full Article at RT.com
India’s factory growth highest in over a decade as demand bounces back
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Asia's third-largest economy saw a second consecutive month of record factory activity performance in October, a private survey has showed, with output expanding at the highest rate in 13 years. Read Full Article at RT.com
China to build world’s longest underwater high-speed rail tunnel
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A project to construct China’s first undersea high-speed rail tunnel in eastern Zhejiang Province was approved on Monday, according to The Paper digital newspaper. Investments in the project will amount to over $4 billion. Read Full Article at RT.com
