Europe is ‘far behind’ the rest of the world on 5G deployment, top industry players warn
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A group of over 50 of the largest European tech and industrial firms have criticized EU members for lagging behind other countries in the rollout of 5G networks, calling for urgent measures before it is too late to close the gap. Read Full Article at RT.com
The oil demand recovery is taking longer to materialize than many analysts initially thought, but it’s not just demand, the oversupply situation in markets also continues to be a bearish factor. Read Full Article at RT.com
Russia continues stockpiling gold, raising forex reserves to near all-time high
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Russian gold and foreign currency holdings increased to a total of $591.8 billion, according to the latest data released by the country’s central bank. Read Full Article at RT.com
TikTok sues Trump to overturn ban that could ‘destroy online community’ – report
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TikTok has reportedly filed a complaint against the Trump administration, seeking to block the looming ban on the app’s operations. It marks the second time the company has tried to legally challenge the US government. Read Full Article at RT.com
Global investors ready to put $9.5 billion into Russia’s Arctic LNG 2 project – report
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Russia’s Arctic LNG 2 (liquefied natural gas) project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial support. Read Full Article at RT.com
Sweeping US ban on Chinese cotton could ‘wreak havoc’ on supply chains, major industry group warns
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The US’ plans to block imports of cotton from China’s Xinjiang region over the alleged use of forced labor could be impossible to enforce, the US apparel association said, adding that the move may jeopardize global supply chains. Read Full Article at RT.c
China’s yuan strengthens against US dollar, could grow even stronger
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Buoyed by a weaker US dollar and the fast recovery of China’s economy after the coronavirus outbreak, this week the Chinese yuan (renminbi) hit its strongest level against the greenback since May 2019. Read Full Article at RT.com
Federal Reserve must ‘thread a narrative needle’ as Covid-19 splits US into ‘two parallel economies’ – ex-Fed insider to Boom Bust
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The US Federal Reserve has announced that it can keep interest rates near zero for at least the next three years despite better than expected recovery of the US economy amid the coronavirus outbreak. Read Full Article at RT.com
No lie too big: Keiser Report compares Big Oil’s plastic pollution to US Fed’s ‘toxic waste dumps’ of fiat money
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In a new episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the fact that most plastic is not actually recycled. It is just dumped in the landfill with all our other trash. Read Full Article at RT.com
Alibaba teams up with drug maker Sinovac to create platform for coronavirus vaccine inoculation
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The flagship health care platform of one of China’s leading tech giants - Alibaba Health Information Technology - has inked an agreement with Chinese coronavirus vaccine developer Sinovac Biotech. Read Full Article at RT.com
US Treasury & the Fed like partners in crime ripping off the American public – Peter Schiff
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As the fiscal 2020 budget deficit of the United States surged past $3 trillion, more than double the previous record deficit, Treasury Secretary Steven Mnuchin called for more federal spending. Read Full Article at RT.com
OPEC+ complied 101% with oil production cuts in August
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The OPEC+ coalition saw its overall compliance rate with the production cuts at around 101 percent in August, three sources in the group told Reuters. Read Full Article at RT.com
Boeing is broken in more ways than one – pilot spokesman tells Boom Bust
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The US Federal Aviation Administration (FAA) is expected to reach a key milestone for the troubled Boeing 737 MAX’s return. The jet has been grounded for nearly 18 months since two fatal crashes killed 346 people. Read Full Article at RT.com
Germany offers US billion-euro LNG investment deal to lift sanctions from Russia’s Nord Stream 2 gas pipeline – report
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Berlin has offered to invest €1 billion in US liquefied natural gas (LNG) if Washington lifts sanctions against the Russia-led Nord Stream 2 gas pipeline project, newspaper Die Zeit reported on Wednesday. Read Full Article at RT.com
Germany offers US billion-euro LNG investment deal to lift sanctions from Russia’s Nord Stream 2 gas pipeline
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Berlin has offered to invest €1 billion in US liquefied natural gas (LNG) if Washington lifts sanctions against the Russia-led Nord Stream 2 gas pipeline project, newspaper Die Zeit reported on Wednesday. Read Full Article at RT.com
Global tourism industry lost $460 BILLION due to COVID pandemic, UN says
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The massive drop in international travel during the first half of 2020 has led to a loss of 440 million international arrivals, according to the UN World Tourism Organization (UNWTO). Read Full Article at RT.com
China opens its market to more Russian meat suppliers
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Eight more Russian firms have been allowed to supply meat and poultry by-products to China, Russia’s food safety regulator Rosselkhoznadzor said on Tuesday. Read Full Article at RT.com
Austria’s president wants Nord Stream 2 completed, says it’s a ‘commercial project’ with no connection to Navalny incident
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Austrian President Alexander Van der Bellen says he is against the idea of blocking Russia’s Nord Stream 2 gas pipeline over the situation with the alleged poisoning of Russian opposition figure Alexey Navalny. Read Full Article at RT.com
US economy DEAD & no ‘formaldehyde of fiat money’ could reanimate it – Max Keiser
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In a new episode of RT’s Keiser Report, Max Keiser and Stacy Herbert discuss ‘the chart of the year’ showing income soaring in the United States as government transfers boost household balance sheets. Read Full Article at RT.com
Second wave of COVID could crush road fuel recovery
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A resurgence of coronavirus cases in many part s of the world over the next few months will be the main hurdle to global demand for gasoline and diesel recovering to pre-pandemic levels by the end of 2021. Read Full Article at RT.com
Airbus warns of MASSIVE LAYOFFS amid «gravest crisis» in company's history
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The head of European plane maker Airbus, Guillaume Fauryhas, has told staff that compulsory redundancies may be imposed as the air travel industry fails to recover as quickly as expected from the Covid-19 crisis. Read Full Article at RT.com
Russians spending more on domestic holidays due to international travel restrictions
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Spending by Russians on travel around the country grew 1.5 times in the second half of the summer season, amounting to about 9.5 billion rubles (over $125 million), VTB Bank’s press service has announced. Read Full Article at RT.com
Russians’ spending more on domestic holidays due to international travel restrictions
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Spending by Russians on travel around the country grew 1.5 times in the second half of the summer season, amounting to about 9.5 billion rubles (over $125 million), VTB Bank’s press service has announced. Read Full Article at RT.com
Russian car market becomes second largest in Europe
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Despite car sales falling in August, the Russian car market became one of the largest in Europe, climbing to the second spot only behind Germany, according to the analytical agency Avtostat. Read Full Article at RT.com
US gasoline demand is crumbling as driving season comes to an end
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The recovery in gasoline demand in the United States slowed down in August, even turning negative in the last week of the month as driving season came to an end and the new school year began. Read Full Article at RT.com
Central Bank of Russia does not rule out another pandemic wave & $25 oil price
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Assessing risks for the Russian economy, the country’s financial regulator warned that a new wave of Covid-19 may result in lower oil prices and a deeper economic contraction. Read Full Article at RT.com
The worst is yet to come: Another 176 mn people worldwide could fall into poverty after pandemic, UN warns
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The economic downturn resulting from the Covid-19 pandemic is unprecedented in peacetime since the Great Depression of the 1930s, UN poverty expert Olivier De Schutter has said. Read Full Article at RT.com
Gold has one huge disadvantage & it’s why gold standard failed, research analyst tells Max Keiser
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While precious metals, particularly gold, have been doing extremely well in these times of market turmoil, it severely lacks one key ability that allowed fiat currencies to take over, analyst David Lawant told RT’s Keiser Report. Read Full Article at RT.com
Saudi Aramco is now suffering the consequences of failed oil price war
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It was evident to anyone with even half a brain that the last Saudi-instigated oil price war would end in abject failure for the Saudis, just as the previous 2014-2016 effort did and for the very same reasons. Read Full Article at RT.com
Saudi Aramco is now suffering the consequences of a failed oil price war
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It was evident to anyone with even half a brain that the last Saudi-instigated oil price war would end in abject failure for the Saudis, just as the previous 2014-2016 effort did and for the very same reasons. Read Full Article at RT.com
China blocks German pork imports over African swine fever
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German farmers’ fears have come true, as the world’s top buyer, China, has officially imposed an embargo on imports of German pork and pig products after swine fever was confirmed in a wild boar in Brandenburg. Read Full Article at RT.com
‘Hit job for short sale profit’: ‘Pissed’ Nikola founder hits back at ‘deceptive’ fraud allegations that tanked company shares
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Electric truck maker Nikola has promised to approach the US Securities and Exchange Commission (SEC) over “misleading information and salacious accusations” made in a report by short-selling firm Hindenburg Research. Read Full Article at RT.com
Peak of Sinophobia? Boom Bust looks at US crackdown on Chinese students
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More than 1,000 Chinese students have had their visas revoked by the United States since June, after being accused of espionage for the Chinese military. Read Full Article at RT.com
UK strikes first major post-Brexit free trade deal with Japan
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While still wrangling with the EU on the future of its post-Brexit trade relations, the UK has announced that it secured the first post-Brexit pact with Japan, which will make almost all British exports to the country tariff-free. Read Full Article at RT.com
Investors continue to put money in Russian sovereign bonds despite threat of sanctions
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Russia’s share of JPMorgan’s GBI-EM index, the main global benchmark for emerging market local currency bonds, has grown to 8.3 percent, up from around seven percent two years ago and just 1.5 percent in 2007, new data shows. Read Full Article at RT.com
Oil prices retreat on mounting oversupply concerns
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International benchmark Brent and West Texas Intermediate (WTI) extended losses on Friday after a surprise rise in US crude inventories triggered concerns over a supply glut in the global oil market already rattled by Covid-19. Read Full Article at RT.com
Say goodbye to globalization as ‘The Age of Disorder’ is coming – Deutsche Bank
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The four-decade era of globalization may be coming to an end, and we could be entering “The Age of Disorder,” which will reshape both economies and politics, Deutsche Bank analysts have said in a new research note. Read Full Article at RT.com
Behind the facade of political rhetoric, Russia and the United States have embarked on an impressive show of synergy, with fuel oil becoming a rare demonstration of improving relations. Read Full Article at RT.com
US companies plan to stay in China despite Trump’s threat to ‘decouple’ trade
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While the Trump administration has pushed to decouple US-China trade, a new survey has found that 92.1 percent of American companies in China have no plans to leave the country. Read Full Article at RT.com
Why US efforts to damage Chinese tech firms is a ‘lose-lose proposition’ – RT’s Boom Bust investigates
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As Washington continues to ramp up pressure on Chinese technology companies and apps, such as Huawei, TikTok and WeChat, Beijing has responded by launching its own global data security initiative. Read Full Article at RT.com
