Indian stock market on course to become world’s 5th largest by 2024 – Goldman Sachs
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With Indian start-ups raising $10 billion through IPOs so far in 2021 and some 150 private firms lined up to list on the country’s stock market, India could soon increase $400 billion in market value, Goldman Sachs predicts. Read Full Article at RT.com
Electricity prices to spike 10% in France this winter, consumer group warns
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With European natural gas prices hitting record highs in recent weeks, French consumer organization UFC-Que Choisir has warned of an unprecedented rise in electricity prices for the country. Read Full Article at RT.com
Bitcoin leads cryptocurrency market meltdown amid concerns over global equity markets
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The world’s largest cryptocurrency, bitcoin, dropped below the $44,000 level on Monday as concerns over global equities spilled over into crypto markets. Read Full Article at RT.com
Gas prices in Europe spike on news of no extra transit through Ukraine
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European gas prices surpassed $900 per 1,000 cubic meters on Monday, following reports about Gazprom’s decision not to book additional capacities for gas transit through Ukrainian territory. Read Full Article at RT.com
Russian pipeline gas exports to China nearly triple in 2021
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Deliveries of pipeline gas from Russia to China in January-August 2021 jumped 2.7 times year on year to 4.73 million tons. According to Russia’s state energy giant Gazprom, China’s gas demand has “stunning” growth potential. Read Full Article at RT.co
Russian stocks booming as ruble becomes best-performing emerging market currency
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Global investors have been pouring money into the Russian stock market thanks to the country’s drive to curb inflation and conservative fiscal policy, rebounding commodity prices and the easing of US sanctions. Read Full Article at RT.com
European energy crisis could get ugly with winter coming and EU delaying Russian gas supplies
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Europe is bracing for a difficult winter, having turned to weather-dependent sources of energy like wind and solar power over fossil fuels while natural gas storages have run low. Read Full Article at RT.com
Asia-Pacific stock markets sink on concerns around Evergrande bankruptcy
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Major stock indices in the Asia-Pacific region (APR) are mostly declining on Monday on fears around Chinese property developer Evergrande’s looming bankruptcy. Read Full Article at RT.com
German toy factory reveals teddy bear dedicated to Angela Merkel ahead of her resignation
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A German toy manufacturer has introduced a teddy bear created in tribute to Angela Merkel’s time in office as the chancellor steps down at the end of this year after serving 16 years as the head of Germany’s government. Read Full Article at RT.com
Bank of China: Beijing to steadily expand cross-border use of yuan in 2021
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China is planning to “steadily and prudently” promote internationalization of its currency, the yuan, the country’s central bank said, pledging to strengthen the monitoring of cross-border capital flows and prevent systemic risks. Read Full Article at R
Bitcoin's power consumption for 2021 has already surpassed the whole of 2020 – study
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The world’s top cryptocurrency, bitcoin, is set to consume some 95.68 TW/h (terawatt-hours, or one trillion watts per hour) by the end of the year, according to the Cambridge Bitcoin Electricity Consumption Index. Read Full Article at RT.com
Chinese real estate developer Evergrande has reportedly begun repaying investors in its wealth management products with property, as the giant appeared to be on the brink of collapse. Read Full Article at RT.com
Russian gold production dips slightly, silver output grows
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Gold production in Russia in January to June decreased by 1.9% compared to the same period last year, amounting to 135.51 tons, the country’s Ministry of Finance said. Read Full Article at RT.com
Energy crisis stretches to UK food-supply chain, already bruised by labour shortage amid Brexit & Covid-19
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British meat processors have become the latest casualty of the growing energy crisis that threatens to result in a dire shortage of carbon dioxide gas, which is widely used throughout the food and drinks industry. Read Full Article at RT.com
Russia resumes wheat exports to Algeria after 5yr break
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Algeria has allowed Russian grain imports for the first time in more than five years. The first shipment of 30,000 tons of wheat is on its way to the North African nation. Read Full Article at RT.com
Boeing improves its jet demand forecast, but next 10 years still expected to be below pre-pandemic levels
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US planemaker Boeing has upgraded its long-term demand forecasts on the expectation that domestic travel will recover to pre-Covid crisis levels in 2022 and international flying will rebound in 2024. Read Full Article at RT.com
US fight against Nord Stream 2 is part of proxy war against Russia in Washington's attempt to hold on to power – analyst
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Construction of Russia’s Nord Stream 2 gas pipeline was completed a week ago. However, the US continues to pressure its European allies to delay the project’s certification. Read Full Article at RT.com
Russian natural gas reserves to last another century – Gazprom
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Russia’s state-run energy giant Gazprom estimates the country’s reserves of natural gas will last 100 years with some deposits capable of delivering the fuel until 2132. Read Full Article at RT.com
AMC cinemas to accept other cryptocurrencies in addition to bitcoin
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The world’s largest cinema chain AMC Entertainment has announced it is expanding the range of cryptocurrencies it will accept for online ticket and concession payments. Read Full Article at RT.com
Boom Bust looks at EU’s infrastructure plan to rival China’s Belt and Road Initiative
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European Commission President Ursula von der Leyen has called on the EU to counter rising Chinese investment with a new infrastructure program, Global Gate. “We want to create links and not dependencies,” she said in her address. Read Full Article at RT.c
Natural gas deficit may force Europeans to switch back to coal – expert
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Rising gas prices will force European countries to restrain their ambitions to phase out coal and fossil fuels, according to an expert on EU energy markets, Simonas Vileikis. Read Full Article at RT.com
Soaring natural gas prices could weaken EU economy, Saxo Bank warns
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The rise of natural gas prices could hurt the economic competitiveness of the European Union on a global scale, Ole Hansen, head of commodity strategy at Saxo Bank, told RIA Novosti. Read Full Article at RT.com
China cuts oil imports & ramps up purchases of natural gas
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The world’s top oil importer, China, has reduced its crude imports by 5.7% since the start of 2021, but boosted natural gas purchases by over 20%, a report from the country’s State Statistical Office says. Read Full Article at RT.com
Russian gas deliveries via Nord Stream 2 pipeline won’t start in October – Gazprom
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Supplies of natural gas to Europe via the completed Nord Stream 2 pipeline will not start on October 1, according to the CEO of Russian energy major Gazprom, Alexey Miller. Read Full Article at RT.com
Early launch of Nord Stream 2 could ‘balance’ EU gas market & stop price surge – Kremlin
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The current sharp rise in gas prices in Europe has nothing to do with Russia, but the launch of the newly constructed Nord Stream 2 pipeline may stabilize the energy market, presidential spokesman Dmitry Peskov says. Read Full Article at RT.com
China sets out to reign in country’s bloated EV industry
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China has unveiled plans to consolidate the country’s electric vehicle (EV) industry, which Beijing believes is unable to evolve as it has far too many players. Read Full Article at RT.com
Boom Bust explores why China is cracking down on its Big Tech companies
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The Chinese government is planning to break up Ant Group’s Alipay and create a separate app for the fintech giant’s loans business, according to media reports. Read Full Article at RT.com
Russian ruble makes top 20 popular currencies list
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The Russian ruble has become one of the 20 most frequently used global currencies, SWIFT interbank transfer system data shows. Read Full Article at RT.com
China continues to lead global growth in the next generation of telecommunications technology with the expansion of the country’s 5G network, according to the Minister of Industry and Information Technology Xiao Yaqing. Read Full Article at RT.com
Integration with China’s financial market is Russia’s priority for next decade – Central Bank
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Russian authorities regard the integration of the Russian and Chinese financial markets as a priority, a new development strategy of Russia’s financial market states. Read Full Article at RT.com
Russian seaports see rise in freight turnover year-on-year, but liquid cargo shipments are down
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The cargo turnover of Russian seaports in January-August 2021 increased by 1.6% compared to the same period last year, amounting to 552.75 million tons, a report from the state water transport regulator reveals. Read Full Article at RT.com
Rosatom to start setting up wind power stations across Russia, its press service says
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The wind energy division of Russia’s energy giant Rosatom, NovaWind, is planning to construct wind power plants (WPPs) across Russia, TASS reported this week, citing a source in the company’s press service. Read Full Article at RT.com
Russian economy surpasses earlier estimates to reach 10.5% growth in second quarter of 2021 – Rosstat
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Russia’s statistics agency, Rosstat, has improved its estimate of the country’s GDP growth in the second quarter of 2021 to 10.5% in annual terms. Read Full Article at RT.com
Gazprom’s revenue surges 84% on booming gas exports
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The gas export proceeds of Russian energy giant Gazprom between January and July grew 1.8 times compared with the same period of the previous year and amounted to over $23 billion, according to Russia's Federal Customs Service. Read Full Article at RT.com
Exports of Russian aluminum see tenfold surge in July
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Shipments of Russian aluminum abroad saw a tenfold surge in July compared to the same period a year ago, amounting to $7.4 billion, according to data tracked by the Federal Customs Service. Read Full Article at RT.com
Food exports from Russia keep surging as Turkey and Europe ramp up purchases
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Russia’s agricultural sector has seen impressive growth in foreign sales this year, according to the latest data published by the Russian Ministry of Agriculture’s AgroExport center. Read Full Article at RT.com
Russia hikes key interest rate to 6.75% to bring inflation under control
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Russia is adhering to the controlled tightening of state monetary policy by raising the key interest rate by 25 basis points to 6.75%, the country’s central bank announced on Friday. Read Full Article at RT.com
Why is China selling oil from its state reserves? Boom Bust explores
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In an unprecedented move, China has revealed plans to publicly sell crude from its state reserves to contain prices. This is expected to “stabilize domestic market supply and effectively guarantee the country’s energy security.” Read Full Article at RT.
Completion of Nord Stream 2 gas pipeline is Russia’s ‘geopolitical victory’ – Fitch
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The construction of the Nord Stream 2 pipeline, running from Russia to Europe across the Baltic Sea, has been finished as scheduled within three years, despite political resistance from the US and a number of European countries. Read Full Article at RT.com
