Why is the sun never going to set on the British economy? RT’s Boom Bust would like to know
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As the UK emerged from Covid-related lockdown the economy rose 4.8% in the second quarter, after a contraction of 1.6%, recorded in the first three months of the year. Read Full Article at RT.com
Russia may ban petrol exports if domestic prices keep rising – former energy minister
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The Russian government is ready to take tough measures to keep a lid on domestic fuel prices, Deputy Prime Minister Alexander Novak said. This includes stopping exports of petrochemicals if the situation gets worse, he warned. Read Full Article at RT.com
India’s fuel demand highest since April amid easing of local Covid-19 restrictions
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Demand for fuel in India recovered in July, climbing to a three-month high as severe restrictions put in place due to the Covid-19 pandemic are gradually being eased in most states, stimulating industrial activity and mobility. Read Full Article at RT.com
Russia exported €67.4 billion ($79.5 billion) worth of goods to the countries of the European Union in the first half of 2021, ranking third on the list of EU’s largest exporting countries, statistics agency Eurostat reports. Read Full Article at RT.com
‘Russia’s oil machine’ to hit record output highs by summer 2022
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Russia may reach record-high output levels of oil by summer 2022, and may then further raise production to a peak of some 12.2 million barrels per day in 2023, Norway’s Rystad Energy consultancy predicts. Read Full Article at RT.com
Zero-emissions fable: Blue hydrogen worse for environment than natural gas – study
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Blue hydrogen, the kind that involves fossil fuels combined with carbon capture, could be worse for the environment than natural gas or even coal, a new study has suggested. Read Full Article at RT.com
US will lead global oil production boost in 2022 – IEA
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Oil-producing states outside the Organization of the Petroleum Exporting Countries (OPEC) alliance may increase global crude supply threefold next year, led by the US, according to the International Energy Agency (IEA). Read Full Article at RT.com
Samsung boss Lee released on parole after sentence for embezzling $7.5mn to bribe ex-president reduced
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Samsung Vice Chairman Lee Jae-yong has been released from prison after serving more than half of his already shortened 30-month sentence for bribing South Korea’s former president in a major corruption scandal. Read Full Article at RT.com
Samsung leader Lee released on parole after sentence for embezzling $7.5mn to bribe ex-president cut short
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Samsung Vice-Chairman Lee Jae-yong has been released from prison after serving more than half of his already reduced 30-months sentence for bribing South Korea’s former president in a major corruption scandal. Read Full Article at RT.com
RT’s Keiser Report explains why holding government bonds has become pure speculation
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Max Keiser and Stacy Herbert look how bonds have turned from an asset to a liability, as negative yields mean they no longer serve as savings for holders, but have instead become pure speculation. Read Full Article at RT.com
IEA downgrades global oil demand amid resurgence of Covid-19
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The International Energy Agency (IEA) has trimmed its outlook for global oil demand in 2021, citing the rapidly spreading Delta variant of the coronavirus and its impact on the world’s economy. Read Full Article at RT.com
China tightens regulation on online insurance amid wider fintech scrutiny
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The Chinese government has stepped up its scrutiny of domestic insurance technology platforms, ordering companies to curb improper marketing and pricing practices and increase user privacy protection. Read Full Article at RT.com
US lawmakers move to rein in ‘predatory’ behavior of Apple & Google app stores
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A bipartisan group of US lawmakers introduced a bill to curb the monopolistic policies of Apple and Google regarding their respective app stores which, they claim, hinder free competition. Read Full Article at RT.com
‘I’m not very interested in money’: Hackers return $260 million in assets stolen in biggest crypto heist ever
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Over one-third of the $613 million in cryptocurrency stolen from blockchain platform Poly Network has been returned, with the hacker saying he did it for fun following one of the largest crypto heists ever. Read Full Article at RT.com
‘I'm not very interested in money’: Hackers return $260 million in assets stolen in biggest crypto heist ever
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Over one-third of the $613 million in cryptocurrency stolen from blockchain platform Poly Network has been returned to the ledger, with the hacker saying he did all for fun following one of the largest crypto heists ever. Read Full Article at RT.com
Russian trade will reach pre-pandemic levels in 2021 – Customs Service
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Russia will reach 2019 levels of trade by year’s end, which points to steady economic recovery, the country’s Federal Customs Service said on Wednesday. Read Full Article at RT.com
Hackers steal over $600 MILLION in one of the biggest crypto heists ever
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Some $611 million worth of crypto assets have been stolen by cybercriminals using the multinational blockchain platform Poly Network. Read Full Article at RT.com
Russia’s economy is showing signs of recovery, the Organization for Economic Cooperation and Development (OECD) said in its interim report, which sees most major economies also expanding, although at a slower pace. Read Full Article at RT.com
Gazprom’s revenues surge on rising natural gas prices
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Export proceeds of Russian state-run energy giant Gazprom saw an enormous increase of 73% from January to June 2021 compared to the same period a year ago, according to Russia's Federal Customs Service. Read Full Article at RT.com
Sanctimonious sanctions? RT’s Boom Bust looks into why US continues to buy Russian crude while spreading anti-Russia hysteria
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Russian oil exports to the United States have surged 23% this year, overtaking Mexico and making Russia the US’ second-biggest crude supplier after Canada. Read Full Article at RT.com
World’s largest cinema chain may start accepting bitcoin as payment in 2021
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AMC Entertainment will reportedly start accepting bitcoin as payment for tickets and concession purchases at its US theaters, making it the first cinema chain to accept cryptocurrency as a payment option. Read Full Article at RT.com
After falling to a 2021 low in June, crude oil imports to China began to recover last month as refineries exited maintenance season. Read Full Article at RT.com
Gold slides to 5-month low as upbeat jobs data from US & firm dollar point to Fed taper
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Global prices for gold abruptly dipped to their lowest in more than four months as commodity markets absorbed a strong US jobs report, boosting expectations of monetary tightening by the Fed. Read Full Article at RT.com
India’s top court greenlights antitrust investigation against Amazon & Flipkart
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India’s Supreme Court has ruled that the antimonopoly probe into the business practices of Amazon and Walmart-owned Flipkart should continue, rejecting the e-commerce giants’ pleas to stop the inquiry. Read Full Article at RT.com
Oil prices dip on stronger dollar & new Covid-19 curbs in China
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Global crude prices dropped nearly 2%, hitting more than two-week lows, amid rising concerns over new pandemic-related restrictions in China and a strengthening US dollar. Read Full Article at RT.com
Saudi Aramco quarterly profits nearly quadruple amid recovery in oil and chemical prices
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Saudi Arabia’s state-run energy giant, Saudi Aramco, posted net profits of $25.5 billion in the second quarter, the highest since the end of 2018, as the reopening of economies prompted a surge in commodity prices. Read Full Article at RT.com
Low-income households to bear the brunt of all-electric homes
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Switching from natural gas to electricity for US homes will result in higher energy bills, which will impact mostly low-income households, new research showed on Thursday. Read Full Article at RT.com
Russia’s foreign exchange reserves grow by more than $9 billion in July
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Russia’s gold and foreign currency holdings grew by more than 1.5% last month and amounted to $601 billion, according to the latest data published by the country’s central bank. Read Full Article at RT.com
RT’s Boom Bust looks into privacy concerns after New York institutes vaccination passports
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New York has become the first major city in the United States to require proof of vaccination for most indoor activities, including dining in restaurants, working out in a gym, or going to the movies. Read Full Article at RT.com
Europe’s carbon tax could cost Russia nearly $12 billion by 2030
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The potential cost of the EU carbon tax for Russia under the European Commission’s draft carbon border tax could reach nearly $11.7 billion by 2030, experts claim. Read Full Article at RT.com
Is gold the answer to the money-printing madness? RT’s Keiser Report finds out
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Since Richard Nixon took the US off the gold standard 50 years ago, the US dollar and other global peers have plunged in value as inflation continues to erode fiat currencies. Read Full Article at RT.com
Saudi Aramco hikes oil prices to Asia for second consecutive month
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The world’s largest oil exporter, Saudi Arabia, raised on Wednesday its official selling prices for crude oil loading for Asia in September in a widely expected move tracking stronger Middle East oil benchmarks. Read Full Article at RT.com
China’s national fitness investment plan boosts domestic sports stocks
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Chinese sports stocks jumped an average of 10% after Beijing announced a plan to boost sports activities across the country and investments in national health and fitness. Read Full Article at RT.com
Russian finance ministry expects country’s economy to grow 4% this year – report
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Russia’s Ministry of Finance is projecting steady GDP growth of more than 4% in 2021, while raising the outlook for inflation to more than 5%, Vedomosti newspaper reported on Wednesday, citing officials. Read Full Article at RT.com
Russian agriculture exports surge 16% this year amid huge increase in deliveries to Europe
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Russia’s export of agricultural goods has increased by 16% in annual terms, reaching $16.855 billion, the country’s Agriculture Ministry reported on Wednesday. Read Full Article at RT.com
Russia wants to open its Arctic seas to international shipping
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Russia needs to upgrade the Northern Sea Route to make it an international transportation corridor allowing all-season transfer of cargo through the Arctic, the first deputy prime minister says. Read Full Article at RT.com
Russia unveils agenda for Eastern Economic Forum in Vladivostok
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The Eastern Economic Forum (EEF) will kick off in Vladivostok, Russia on September 2. The forum’s main goal is to boost the economic development of Russia’s Far East and international cooperation in the Asia-Pacific region. Read Full Article at RT.com
Is Covid ‘pingdemic’ causing food and gas shortages in parts of UK? RT’s Keiser Report investigates
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The UK’s latest strategy to stop the spread of Covid is wreaking havoc on the country’s economy. An app pings people on their smart phones if they’ve come into contact with anyone infected, forcing them to quarantine for 10 days. Read Full Article at RT
