Russia’s biggest automaker to kickstart production of electric cars in 2027
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Major Russian car manufacturer AvtoVAZ plans to launch production of its new electric Lada vehicles in 2027-2028, according to the company’s president and CEO Nicolas Maure. Read Full Article at RT.com
The electrification of homes is touted as one way to reduce greenhouse gas emissions in the residential sector as the US Administration aims for a net-zero economy by 2050. But going all-electric will not be as easy as it seems. Read Full Article at RT.com
Brussels claims Russian import ban of European products in response to EU sanctions on Moscow is illegal
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Moscow and Brussels are set to start consultations regarding the EU’s claims against the Russian import substitution policy in September, TASS reports, citing a source in the European Commission. Read Full Article at RT.com
How will rising chip prices impact consumers? RT’s Boom Bust investigates
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As the global semiconductor chip shortage drags on, the world’s largest manufacturer, Taiwan Semiconductor Manufacturing Company, has announced it is raising prices by as much as 20% to keep up with demand. Read Full Article at RT.com
Protect your wallets: China urges citizens to ‘stay away’ from cryptocurrencies
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The People's Bank of China (PBOC) has called on Chinese citizens to avoid using virtual currencies, which have not been legalized in the country and are not backed by real value. Read Full Article at RT.com
UK car production drops to lowest since 1956 due to Covid 'pingdemic' & chip shortages
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The production of cars in Britain saw a sharp drop in July, marking the worst monthly performance for the industry in 65 years, according to the Society of Motor Manufacturers and Traders (SMMT). Read Full Article at RT.com
RT’s Keiser Report looks at China’s rise amid global disorder
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Max Keiser talks to Dan Collins, a longtime resident of China, about what the Afghanistan debacle means for the world’s second-largest economy and whether Beijing will benefit from the new world disorder. Read Full Article at RT.com
India ranks 2nd in the world in cryptocurrency adoption – report
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A new study from market research firm Finder shows that Asian countries are outpacing the rest of the globe when it comes to cryptocurrency ownership. In India, the number of crypto users passed 15 million in June. Read Full Article at RT.com
India to sell $81 billion in state assets over next 4 years to boost economic growth
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India is planning to monetize $81 billion worth of state assets over the next four years to boost growth and infrastructure spending in the world’s fifth-biggest economy. Read Full Article at RT.com
EU rules block Nord Stream 2 owner from exclusive access to its own pipeline
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The Gazprom subsidiary involved in constructing the Nord Stream 2 pipeline has lost a court battle over exclusive access to the infrastructure, according to a ruling by Dusseldorf Higher Regional Court on Wednesday. Read Full Article at RT.com
Russia to reach gas & nuclear energy agreements with Hungary – Lavrov
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Russia and Hungary will come to mutually profitable deals on energy supplies and construction of the Paks 2 nuclear power plant, Russia’s foreign minister Sergey Lavrov said following talks with his Hungarian counterpart. Read Full Article at RT.com
Iran's mega gas find could become major supply source for EU
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A new natural gas find in the Iranian section of the Caspian Sea could turn the country into a major supplier to Europe, the Tehran Times reported, citing reserve estimates of the state company that made the discovery. Read Full Article at RT.com
RT’s Boom Bust asks if US sanctions can change Russia’s foreign policy once Nord Stream 2 pipeline is complete
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As Russia’s Nord Stream 2 natural gas pipeline nears completion, the Biden administration has slapped sanctions on a Russian ship and two companies involved in the project. Read Full Article at RT.com
European gas prices fall amid restored deliveries from Russia
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Russian natural gas supplies over the Yamal-Europe pipeline soared almost twofold on Monday, returning to early August figures, data from the European gas transport operator Gascade showed. Read Full Article at RT.com
Bitcoin breaks through $50,000 in major rebound after summer slump
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The world’s number one cryptocurrency, bitcoin, has topped the $50,000 mark for the first time in three months, gaining on positive news about crypto adoption. Read Full Article at RT.com
Electric vehicle charging station market to reach $100 billion in less than decade – report
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Revenues generated by the global market of Electric Vehicle Charging Stations (EVCS) are expected to grow to $93 billion by 2027, at a compound annual growth rate of nearly 20%, the latest report by Astute Analytica shows. Read Full Article at RT.com
Russia allows WTO insurers to operate in the country
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Russia has passed legislation enabling foreign insurance companies from the member states of the World Trade Organization (WTO) to create branches and carry out insurance business in the country. Read Full Article at RT.com
China considers making US-listed companies hand over data control to 3rd party firms – reports
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Beijing is considering moves to obligate domestic companies seeking US stock listings to hand over the management of their data to third-party – preferably state-backed – firms, according to media reports. Read Full Article at RT.com
Coal prices skyrocket amid rising demand & soaring gas prices
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Asian benchmark Australian thermal coal at Newcastle Port has seen an unprecedented 106% gain in prices in 2021. In stark contrast, international oil benchmark Brent crude gained only 33% this year. Read Full Article at RT.com
Top CEOs in UK make more per year than average worker gets in a lifetime – study
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The average CEO’s yearly income in the UK is 86 times that of the average full-time worker, a new study has found, even after CEO paychecks were slashed during the Covid-19 pandemic. Read Full Article at RT.com
Russian banks nearly double profits in first half of 2021 – central bank
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The net profit of Russian lenders in January-July totaled 1.429 trillion rubles ($19.2 billion), which is nearly twice their earnings in the same period last year, the Central Bank of Russia reported. Read Full Article at RT.com
India’s stock market on fire despite Covid & inflation fears
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India’s benchmark S&P Bombay Stock Exchange index, Sensex, has more than doubled since last year, with record high gains in August and an equity market capitalization of around $3 trillion. Read Full Article at RT.com
Russia to pump 5.6 billion cubic meters of natural gas through Nord Stream 2 pipeline in 2021 – Gazprom
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Gas supplies via the Nord Stream 2 gas pipeline may total 5.6 billion cubic meters this year, Russia’s state-run energy giant Gazprom said in a statement on Thursday. Read Full Article at RT.com
Dirty money? OnlyFans to ditch sexually explicit content to please skittish investors
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OnlyFans, the subscription site where users pay to receive (typically nude) photos and videos, has seemingly sabotaged its own market by announcing it will no longer permit sexually explicit content on its platform. Read Full Article at RT.com
Dirty money: OnlyFans to ditch sexually explicit content to please skittish investors
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OnlyFans, the subscription site where users pay to receive (typically nude) photos and videos, has seemingly sabotaged its own market by announcing it will no longer permit sexually explicit content on its platform. Read Full Article at RT.com
Kazakh president to participate in Russia’s Eastern Economic Forum
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The president of Kazakhstan, Kassym-Zhomart Tokayev, will take part in the upcoming Eastern Economic Forum (EEF) 2021, which is to kick off in Russia’s Vladivostok on September 2. Read Full Article at RT.com
Why does Tesla get away with deceptive autopilot claims? RT’s Boom Bust investigates
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Two US senators are calling on the Federal Trade Commission to investigate Tesla over the company's claims that its vehicles are self-driving, after a number of deadly crashes involving Tesla models using the autopilot function. Read Full Article at RT.com
Mastercard faces $14 BILLION class action lawsuit in Britain
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A UK court has approved an over £10 billion ($14 billion) class action suit against financial services corporation Mastercard for overcharging fees to millions of British consumers using their credit cards for payments. Read Full Article at RT.com
US looks to block Taliban from receiving IMF funds reserved for Afghanistan
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The US is considering options to block the Taliban’s access to $460 million in reserve assets which the International Monetary Fund (IMF) planned to send to Afghanistan next week. Read Full Article at RT.com
Taliban halts Afghanistan’s trade with India through Pakistan – reports
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The Taliban has blocked Indian-Afghan transit trade through Pakistan and shut down two crucial trading terminals on the border after seizing power in Afghanistan on Sunday. Read Full Article at RT.com
Washington blocks US dollar supplies to Afghanistan as Taliban takes power
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The US has reportedly suspended cash shipments headed to Afghanistan, used to bolster the country’s shaky economy, to keep it out of the hands of the Taliban, who took control over the state on Sunday. Read Full Article at RT.com
European aviation watchdog says commercial flights over Afghanistan should be suspended
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Commercial airlines should avoid flights through Afghanistan’s airspace while the country is in the grip of political turmoil after the Taliban takeover, according to the European Aviation Safety Agency (EASA). Read Full Article at RT.com
Could bitcoin have helped Afghans keep their savings? RT’s Boom Bust investigates
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Afghanistan’s currency continues to plummet as the country descends into chaos, the government flees, and the Taliban takes over. Read Full Article at RT.com
Hacker who stole $600mn from crypto platform offered job as its chief security adviser
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Blockchain platform Poly Network, which was recently hit by a $611 million crypto heist, has reportedly asked the hacker behind the attack to work as a security adviser for the company. Read Full Article at RT.com
Chinese tech stocks plummet as Beijing cracks down on online monopolies
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China’s State Administration for Market Regulation (SAMR) has issued draft rules aimed at preventing unfair competition on the internet. The news triggered a selloff in Chinese listed technology stocks in Hong Kong. Read Full Article at RT.com
How are global markets reacting to events in Afghanistan? RT’s Boom Bust finds out
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As Afghanistan sinks into chaos with the Taliban taking control following the US withdrawal, Boom Bust investigates whether there will be any impact on the global economy. Read Full Article at RT.com
Afghan currency crashes amid turmoil as central bank chief flees Kabul
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Afghanistan’s national currency, the afghani, continued to plummet on Tuesday as Taliban fighters took control over the capital city of Kabul. The head of the country’s central bank, Ajmal Ahmady, has fled the country. Read Full Article at RT.com
US looks to revoke Russia’s status as market economy
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The US Department of Commerce has initiated a probe to check whether Russia is operating as a non-market economy over claims the country subsidizes goods entering the US. Read Full Article at RT.com
US sanctions push Iran's oil output to 40-year low
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Iran’s crude oil production fell to the lowest in 40 years, according to an updated analysis by the US Energy Information Administration. Read Full Article at RT.com
