Bitcoin poor store of value, could collapse drastically, central bankers warn
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While the price of the world’s top cryptocurrency, bitcoin, has been seeing ups and downs lately, some global central bankers have started voicing their doubts about the utility and inherent volatility of crypto assets. Read Full Article at RT.com
Google facing another EU antitrust probe over market dominance – reports
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According to an MLex reporter’s tweet on Thursday, the European Commission (EC) is to investigate whether Google forced device manufacturers to install Google Assistant as the default voice software on Android devices. Read Full Article at RT.com
RT’s Keiser Report looks at wealth disparity in US, where the richest are the biggest tax evaders
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A new report by the US Treasury Department showed that the top 1% of American earners dodge about $163 billion in taxes every year, which makes them the biggest evaders by far. Read Full Article at RT.com
Will unrest in Guinea send Chinese investments in Africa down the drain? RT’s Boom Bust finds out
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The recent coup in Guinea, a major global supplier of the main ore used for aluminum production, sent prices for the metal skyrocketing, as military leaders in the West African nation are urging the miners to keep operating. Read Full Article at RT.com
Will you still love me to borrow? Steep rise in house prices forces New Zealanders to seek mortgage mates via dating apps
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The mounting housing crisis in New Zealand is reportedly making young Kiwis appeal to Tinder and other dating apps in search of a partner who could assist in buying property. Read Full Article at RT.com
Will you still love me to borrow? Steep rise in house prices force New Zealanders to seek mortgage mates via dating apps
newsdepo.com
The mounting housing crisis in New Zealand is reportedly making young Kiwis appeal to Tinder and other dating apps in search of a partner who could assist in buying property. Read Full Article at RT.com
PayPal pushes into buy-now-pay-later sector by acquiring Japanese firm Paidy
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PayPal has announced it will purchase the Japanese firm Paidy for $2.7 billion, as the US fintech giant seeks to expand into the sphere of buy-now-pay-later products that witnessed a great boom thanks to the Covid-19 pandemic. Read Full Article at RT.com
Bitcoin crashes as El Salvador’s world-first adoption gets off to bumpy start
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The world’s number one digital asset, bitcoin, plummeted after El Salvador officially adopted the crypto as legal currency. The historic adoption was beset by protests on the streets and technical problems online. Read Full Article at RT.com
Why is El Salvador on course to be one of the fastest-growing economies in the world? Keiser Report explains
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El Salvador on Tuesday officially adopted bitcoin as legal currency, which will work alongside the US dollar. The nation now holds 400 bitcoins, which are worth nearly $21 million at current trading levels. Read Full Article at RT.com
Russia’s Crimea looks to African markets for agricultural trade
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Authorities in Russia’s Republic of Crimea are considering African countries as a promising market for the sale of agricultural products. Contracts have already been signed with Egypt, Libya, Sudan and Nigeria. Read Full Article at RT.com
The last pipe of Russia’s Nord Stream 2 has been welded, operator announces
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The final pipe of the Nord Stream 2 pipeline project has been welded and will be lowered into the seabed of the Baltic Sea, the operator of the Russian project, Nord Stream 2 AG, said on Monday. Read Full Article at RT.com
Moscow wants EU to justify carbon tax that could cost Russia billions by 2030 – Lavrov
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Russia is waiting for an explanation from the European Union regarding the bloc’s carbon border tax, Minister of Foreign Affairs Sergey Lavrov said on Monday. Read Full Article at RT.com
Agreements totaling $49.3 billion (3.6 trillion rubles) were signed at the 6th Eastern Economic Forum (EEF) last week, Russia’s Deputy Prime Minister Yuri Trutnev said at a conference on Monday. Read Full Article at RT.com
India is in talks with the Russian energy giant Novatek to buy a 9.9% stake in the Arctic LNG 2 project, the Interfax news agency reported on Monday citing its sources. Read Full Article at RT.com
Nord Stream 2 pipe laying to finish this week – former OMV head
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The construction of the Nord Stream 2 gas pipeline is to be completed this week, according to the former head of the project’s major investor, Austrian OMV’s Rainer Seele. Read Full Article at RT.com
Russia & China start production of jointly designed passenger aircraft – reports
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Production of the first jetliner designed by Russian and Chinese engineers has reportedly been launched in China. The wide-body airliner, the C929, is expected to rival Boeing’s 787 Dreamliner. Read Full Article at RT.com
Yuan trade settlements between Hainan & ASEAN up sevenfold in 2021
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Settlements made in Chinese currency in trade between Hainan province and the Association of Southeast Asian Nations (ASEAN) countries soared sevenfold in the first half of 2021 under a pilot program for foreign trade in yuan. Read Full Article at RT.com
Facebook, Twitter & Telegram face nearly $1 million in fines for repeated failure to delete content
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Social media giants Telegram, Facebook and Twitter are facing a fresh round of fines in Russia totaling 72 million rubles, or $988,605, for refusing to delete illegal content. Read Full Article at RT.com
Russia & India have ‘tremendous potential’ in energy cooperation – India’s energy minister
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The potential for increased cooperation between Russia and India in the energy sphere is immense, with investors in both nations looking to expand mutually beneficial projects, India’s energy minister, Hardeep Singh Puri, told RT. Read Full Article at RT.co
Russia to build new cargo port in Vladivostok to boost development of Far East
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The Russian government has signed an agreement of cooperation with several companies in the Far East to construct a new multipurpose cargo port in Vladivostok, state development firm VEB.RF has announced. Read Full Article at RT.com
Russia’s agricultural exports soar as shipments to Europe & S. Korea see wild surge
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Foreign sales of Russian agricultural produce saw a substantial year-over-year growth of 18% from January to August of the current year, the AgroExport division of the country’s Ministry of Agriculture said in its latest report. Read Full Article at RT.com
Russia & China continue ditching US dollars in settlements in favor of national currencies
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Gazprom Neft will switch from US dollars to yuan and rubles to pay for refueling aircraft flying to or from China, the company’s CEO Alexander Dyukov told reporters on the sidelines of the Eastern Economic Forum. Read Full Article at RT.com
PM Modi announces India will help Russia turn Arctic seas into global trade route
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New Delhi is planning to assist in developing Russia’s Northern Sea Route (NSR) and turning it into an international trade artery, according to Indian Prime Minister Narendra Modi. Read Full Article at RT.com
Russia to establish tax-free zone on Kuril Islands to attract business & draw investors – Putin
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Russia will introduce unprecedented incentives for businesses aiming to invest in the Kuril Islands, including a 10-year tax exemption, President Vladimir Putin said at the plenary session of the Eastern Economic Forum on Friday. Read Full Article at RT.com
Russia’s Sakhalin to produce 100,000 tons of ‘green hydrogen’ & start exports by 2025
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Authorities in Russia’s Far Eastern Sakhalin island have unveiled plans to build hydrogen production facilities, with the goal of exporting the commodity by 2025 and reaching annual output of 100,000 tons by 2030. Read Full Article at RT.com
Putin launches new investment projects in Russia’s Far East
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Russian President Vladimir Putin has approved the launch of four new investment projects in the Far East after watching presentations about them on the sidelines of the Eastern Economic Forum (EEF) in Vladivostok. Read Full Article at RT.com
80 MILLION tons of cargo will be shipped along Russia’s Arctic sea route by 2024 – Putin
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The volume of cargo moving through the Northern Sea Route (NSR) is expected to increase to 80 million tons in the next three years, President Vladimir Putin said at the Eastern Economic Forum on Tuesday. Read Full Article at RT.com
Russian gas supplies to Europe via new Nord Stream 2 pipeline will start this year – energy ministry
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Moscow expects gas supplies through the Nord Stream 2 pipeline to begin by the end of 2021, Minister for Energy Nikolai Shulginov told reporters on Thursday, during the first day of Russia’s Eastern Economic Forum (EEF). Read Full Article at RT.com
Russia considering joint cooperation with South Korea & Japan in hydrogen transport projects
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Russia and South Korea are considering joint projects to develop hydrogen transport, according to Deputy Minister of Industry and Trade Viktor Yevtukhov. Similar plans are also under discussion with Japan. Read Full Article at RT.com
Trade turnover between Russia’s Far East and China tops $10 billion
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The volume of trade between China and Russia’s Far East in 2020 grew 3.3% against the previous year, and totaled $10.8 billion, according to Russian Minister for the Development of the Far East and Arctic Aleksey Chekunov. Read Full Article at RT.com
Russia & Japan sign LNG supply deal at Eastern Economic Forum
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Russia and Japan have signed a statement of intent on sustainable energy cooperation between the two countries at the 6th Eastern Economic Forum (EEF) that kicked off in Russia’s Vladivostok on Thursday. Read Full Article at RT.com
Hurricane Ida may cause $18 billion in insured losses, industry experts say
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The damage caused by powerful storm surges triggered by Hurricane Ida is expected to amount to about $18 billion in insurance payments in the US and the Caribbean, according to catastrophe modeling company Karen Clark & Co. Read Full Article at RT.com
Mercedes cooperates with Swedish steelmaker to explore fossil-free steel for autos
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German carmaker Mercedes-Benz and Swedish steelmaker SSAB have announced a partnership aimed at bringing fossil-free steel into vehicle production as soon as possible. Read Full Article at RT.com
What’s the future of oil production? RT’s Boom Bust finds out ahead of OPEC+ meeting
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The Organization of the Petroleum Exporting Countries (OPEC) and its allies are set to raise oil output due to concerns over softening demand amid the latest surge in Delta variant cases and rig shutdowns in the Gulf of Mexico. Read Full Article at RT.com
PayPal to offer stock-trading platform to American users – reports
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US fintech giant PayPal is reportedly exploring the idea of launching its own platform for trading individual stocks. News that the company is setting its sights on the booming business sector sent its shares soaring. Read Full Article at RT.com
Russia looks to reward electric vehicle buyers with rebates & toll-free roads
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The Russian government has unveiled a broad program aimed at boosting electric vehicle (EV) use in the country. The ambitious plan is expected to drastically raise the share of EVs in less than a decade. Read Full Article at RT.com
OPEC+ may revise terms of output deal & cancel 400,000 bpd boost – Kuwait
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The Organization of the Petroleum Exporting Countries (OPEC) may cancel the previously agreed oil production increase of 400,000 barrels per day over the next few months, Kuwait’s oil minister revealed on Sunday. Read Full Article at RT.com
Russia could sell Nord Stream 2 to European Union-based operator to evade Brussels’ access limitations – German media
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Russia may circumvent the access and capacity limitations for Nord Stream 2 set by the updated EU Gas Directive if it sells the pipeline to a EU-based operator, the Frankfurter Allgemeine Zeitung writes, citing officials. Read Full Article at RT.com
Russia could sell Nord Stream 2 to European operator to evade EU access limitations – German media
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Russia may circumvent the access and capacity limitations for Nord Stream 2 set by the updated EU Gas Directive if it sells the pipeline to a European-based operator, the Frankfurter Allgemeine Zeitung writes, citing officials. Read Full Article at RT.com
