Japan's Sony & chipmaker Kioxia want to resume supplying sanctioned Huawei – report
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Risking facing massive losses due to sweeping US sanctions on Huawei, Japanese suppliers Sony and computer memory maker Kioxia have reportedly applied for a US license to continue doing business with the Chinese tech giant. Read Full Article at RT.com
Russia gets closer to new wheat harvest record thanks to surging grain yields
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Russia has boosted grain yields by around six percent year-on-year, harvesting 124 million tons of grain, according to the latest data from the Russian Ministry of Agriculture. Read Full Article at RT.com
New trade war front? US looks into Vietnam’s trade & currency practices
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Using the same law that allowed the US to impose tariffs on billions of dollars worth of Chinese imports, the Trump administration opened an investigation into the trade practices of one of its biggest trading partners, Vietnam. Read Full Article at RT.com
EU making Brexit tough for UK to deter other nations from leaving, British American Business Association tells Boom Bust
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The European Union has launched legal action against the UK over a Brexit bill proposal, saying Britain has breached its previous commitments. Read Full Article at RT.com
India may soon become Tesla’s next automotive frontier – Elon Musk
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Tesla CEO Elon Musk has hinted the world’s top electric car maker could enter India’s huge automobile market as soon as 2021. Read Full Article at RT.com
Global markets fall after Trumps test positive for Covid-19
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US stock futures and European equities dropped on Friday morning after US President Donald Trump announced that he and First Lady Melania Trump had tested positive for coronavirus. Read Full Article at RT.com
Move over dollar: Chinese yuan ends quarter with biggest gains in 12 years
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The Chinese currency has started drawing investor attention as a safe haven asset from volatility after its best performance in more than a decade. Read Full Article at RT.com
Saudi Arabia’s economy hit hard by oil price crash
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Saudi Arabia’s economy shrank by 7 percent, with the unemployment rate hitting a record high in the second quarter as the combined effect of the oil price crash and the Covid pandemic hit the world’s largest oil exporter hard. Read Full Article at RT.com
Tokyo Stock Exchange halts trading for entire day due to major glitch ‘not related to hacking’
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Japan’s Tokyo Stock Exchange (TSE) has shut down all trading for a full day due to a systemwide technical error. Though the exchange says the glitch is unrelated to hacking, it has yet to say when trading will resume. Read Full Article at RT.com
Worst drop EVER: US economy plunges over 31% in second quarter
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US gross domestic product (GDP) fell by a 31.4 percent annualized rate last quarter, marking the steepest drop in output since the government started keeping records in 1947, the Commerce Department said on Wednesday. Read Full Article at RT.com
China to probe Google over Android’s possible market abuse – report
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Beijing is preparing to launch an antitrust probe into Alphabet’s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, Reuters reported, citing sources. Read Full Article at RT.com
Chinese manufacturing activity continues to expand, recovering from Covid crisis
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China’s official manufacturing Purchasing Manager’s Index (PMI) for September has come in at 51.5, as compared to 51.0 in August, according to its National Bureau of Statistics (NBS). A figure above 50 indicates expansion. Read Full Article at RT.com
India looks to store oil in the US to reduce supply risks
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The world’s third-biggest oil importer, India, is considering using storage facilities in the United States and other commercially viable locations to reduce its supply risks. Read Full Article at RT.com
First cross-border mega highway bridge between Russia & China to open for traffic in November
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The highway bridge linking Russia and China over the Amur River is expected to be operational as soon as November, according to Amur Oblast Governor Vasily Orlov. The bridge is set to boost economic ties between the two nations. Read Full Article at RT.com
UBS advises investors to put money in gold as hedge against economic uncertainty
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The recent weakness of gold represents a “great entry point for investors” ahead of risk events such as the US election, said UBS Global Wealth Management. Read Full Article at RT.com
JPMorgan & four other major banks moving trillions in dirty money like the FIVE CRIME FAMILIES of NYC – Max Keiser
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The hosts of the Keiser Report, Max and Stacy, look into the recent revelation by the US government that five global banks have processed trillions of dollars in suspicious transactions. Read Full Article at RT.com
East Asia poverty to rise for first time in 20 years due to Covid-19 pandemic – World Bank
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A new report by the World Bank reveals that Covid-19 delivered a “triple shock” to the developing East Asia and Pacific region, with as many as 38 million people expected to remain in, or be pushed back into, poverty as a result. Read Full Article at RT.c
India launches dumping probe into copper imports from Malaysia, Thailand and Vietnam
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New Delhi has launched an official investigation into imports of copper tubes and pipes that originate from Malaysia, Thailand and Vietnam. It aims to determine whether producers in those countries were receiving unfair subsidies. Read Full Article at RT.com
Russian ruble will recover despite current volatility, Kremlin says
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The ruble will undoubtedly rebound from recent losses as it has done before, Russian presidential spokesman Dmitry Peskov said after the currency touched multi-month lows on Monday. Read Full Article at RT.com
Russian Arctic Sea route shipping to top 32 million tons this year – Rosatom
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The volume of cargo transported via Russia's Northern Sea Route (NSR) is constantly growing and could top expectations by the end of the year, said Director General of the State Atomic Energy Corporation Rosatom Alexey Likhachev. Read Full Article at RT.com
Coronavirus crisis not as bad for Russian economy as 2008 financial crash – Alexei Kudrin to RT
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The Russian economy is coping better with the Covid-19 pandemic than it did after the global financial crisis, the head of Russia’s Accounts Chamber and ex-finance minister, Alexei Kudrin, said in an exclusive interview with RT. Read Full Article at RT.com
Despite claims that their economies can survive low oil prices, Gulf nations are grappling with a massive half-trillion-dollar budget deficit. Read Full Article at RT.com
Indian startup ShareChat looks to fill void left by TikTok ban
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ShareChat, a Twitter-backed Indian social media platform that caters for users in 15 regional languages, is one of many firms looking to fill the gap left by China’s TikTok app after it was banned in India. Read Full Article at RT.com
Russian ruble is one of the most attractive emerging market currencies in post-pandemic world – Goldman Sachs
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Goldman Sachs analysts have named the Russian ruble as one of their three top picks for emerging market currencies to back once the panic over the coronavirus pandemic eases. Read Full Article at RT.com
‘Astronomical growth coming’: 43% of global active smartphones will be 5G-ready by 2023
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The year 2020 marks a milestone year for the general mobile market, as the number of active smartphone users will reach 3.5 billion or around 45 percent of the entire global population, says researcher Newzoo. Read Full Article at RT.com
China’s Xpeng unveils flying car prototype at major Beijing auto show
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Chinese electric carmaker Xpeng revealed it is working on a flying car model and showed off a prototype of the vehicle at the Beijing motor show – the biggest international event held for the industry since the pandemic began. Read Full Article at RT.com
According to a recent estimate from TankerTracker, oil exports from Iran hit a year and a half high in August despite heavy sanctions from the US. Read Full Article at RT.com
Hundreds of US companies join Tesla to challenge Trump’s trade war tariffs – media
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Lawsuits against the Trump administration have piled up over the last fortnight as some 3,500 American firms, including auto majors, retailers and pharmacies, were reported to challenge US tariffs on billions of Chinese goods. Read Full Article at RT.com
Russia’s biggest lender Sberbank wants to transform into Big Tech company
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In a major strategy shift, Sberbank, the most popular Russian lender, wants to build its own ecosystem going far beyond the world of finance and to be known not just as a bank, but also as a tech company. Read Full Article at RT.com
Trade deal between US & India unlikely in next 4 years, says former White House economic adviser
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Despite India being an important partner for the United States geopolitically, a bilateral free trade agreement (FTA) is unlikely to be reached soon regardless of who wins the upcoming US presidential election. Read Full Article at RT.com
Russia projected to dominate global wheat exports for years to come
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With grain production in Russia expected at record highs this year, the country has continued boosting exports and extending the list of its potential buyers. Read Full Article at RT.com
DOLLAR WILL CRASH IN 2021, US should brace for double-dip recession, economist warns
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Next year will be brutal for the US currency, according to Yale University senior fellow Stephen Roach. He said that his “seemingly crazed idea” that the dollar will crash shouldn’t seem so crazy anymore. Read Full Article at RT.com
India topped its strategic petroleum reserves with $19 a barrel oil
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India used the ultra-low crude oil prices earlier this year to top its strategic petroleum reserves with oil at $19 a barrel, saving nearly $700 million in the process, India’s Ministry of Petroleum and Natural Gas said on Monday. Read Full Article at RT.co
Dow crashes over 800 points, global stock markets sink over concerns of second COVID wave
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US stocks fell sharply on Monday, extending last week’s declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the pandemic and more business re-closures. Read Full Article at RT.com
Global stock markets sink over concerns of second COVID wave
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US stocks fell sharply on Monday, extending last week’s declines, as concerns about coronavirus cases in the United States and other countries sparked fears of a second wave of the pandemic and more business re-closures. Read Full Article at RT.com
JPMorgan & top global banks moved trillions in dirty money for oligarchs & criminal networks - ICIJ report
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Five major banks (Bank of New York Mellon, Deutsche Bank, HSBC, JPMorgan and Standard Chartered) processed trillions of dollars of transactions identified as suspicious, a new ICIJ report reveals. Read Full Article at RT.com
Russia’s unemployment rate expected to improve to pre-crisis levels next year
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Russia’s labor market is set to rebound by the end of 2021, with the unemployment rate falling below five percent, according to documents related to the national budget plan. Read Full Article at RT.com
Technology giants may face TikTok fate as EU seeks to toughen up Big Tech regulation
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Struggling to make technology companies play by its rules, the EU may unleash measures similar to those the US imposed on TikTok, forcing them to sell some of their European operations or get out of the market altogether. Read Full Article at RT.com
Russian nuclear giant Rosatom eyes 10% of lithium market by 2030
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Uranium One, a unit of Russia’s state-owned nuclear energy firm Rosatom, plans to begin producing lithium by 2023, targeting between 9% and 10% of the global market by 2030. Read Full Article at RT.com
