Depository of News

World Bank offers its green guidance to Russia

The World Bank (WB) has suggested Russia introduce a carbon tax in industries with high greenhouse gas emissions, including the fuel and energy sector, to reach carbon neutrality goals. Read Full Article at RT.com

Oil industry to lose nearly half its workers

The oil and gas industry worldwide faces a talent gap as workers contemplate moving to renewables or leaving the energy industry altogether, a survey by recruitment firm Brunel and Oilandgasjobsearch.com, cited by Reuters, showed. Read Full Article at RT.com

World’s most expensive city named, and it’s a shocker

Tel Aviv, Israel has won the unenviable title of world’s most expensive city to live in, according to a newly released biannual report by the Economist Intelligence Unit. Read Full Article at RT.com

Blowing the whistle on Tesla will cost you $50

Tesla’s new piece of merchandise linked to the widely anticipated all-electric Cybertruck, the Cyberwhistle, has sold out within two hours after CEO Elon Musk pitched it on Twitter. Read Full Article at RT.com

OPEC says no to Joe

The Organization of the Petroleum Exporting Countries (OPEC) is not sticking with the planned oil production increase in November under the OPEC+ deal. This comes despite the calls from US President Joe Biden to boost oil output. Read Full Article at RT.com

OPEC says no to Biden on boosting oil production

The Organization of the Petroleum Exporting Countries (OPEC) is not sticking with the planned oil production increase in November under the OPEC+ deal, a Reuters survey has found. Read Full Article at RT.com

‘Vladimir Putin’s pipeline weapon’: What’s really going on with Nord Stream 2?

The delivery of Russian natural gas to Europe via the Nord Stream 2 pipeline is likely to be delayed for another six months, Germany’s ambassador to Ukraine said on Monday. Read Full Article at RT.com

China takes Ukraine to The Hague court

Kiev faces a financial penalty of as much as $4.5 billion, after a group of Chinese investors brought legal action against the country over violating the China-Ukraine bilateral investment agreement. Read Full Article at RT.com

Oil price recovering after year’s worst collapse

Global crude prices are recouping some of last week’s losses as of Monday. The Organization of Petroleum Exporting Countries (OPEC) is considering suspending a planned output increase due to the spread of the new Covid-19 strain. Read Full Article at RT.com

Two more nations sign up to China’s New Silk Road initiative

Eritrea and Guinea-Bissau have announced plans to join the Belt and Road Initiative (BRI), actively promoted by Beijing. The two nations have reportedly signed a formal agreement with China ahead of a key regional forum. Read Full Article at RT.com

Russia running out of 'easy' oil

Nearly all of Russia’s oil production will consist of the so-called hard-to-recover crude reserves unless the country speeds up and incentivizes exploration, Russia’s Deputy Energy Minister Pavel Sorokin said on Wednesday. Read Full Article at RT.com

Wind power becoming too cheap to support itself

Major efforts to bring down the cost of generating wind power should be restrained, the head of a turbine-making major has warned, citing the industry’s limited ability to continue investing in new technologies and enterprises. Read Full Article at RT.com

Energy majors facing $3.3 trillion 'green' nightmare

The largest international oil and gas firms wrote down assets worth $150 billion last year when prices crashed with the demand slump in the pandemic. Read Full Article at RT.com

Why global supply crisis is here to stay

The global supply chain is broken. Experts point out to a perfect storm of issues that have combined to break a system that used to run relatively smoothly. Read Full Article at RT.com

China Evergrande step closer to default

A major shareholder and long-time supporter of embattled property developer China Evergrande Group has slashed its stake in the company and is planning to dump all of its shares in the near future. Read Full Article at RT.com

Cryptocurrencies crashing in major hub amid looming ban

Crypto prices have been plummeting in India since a government proposed bill seeking to ban private virtual currencies sent holders into a panic-selling mode. Read Full Article at RT.com

Eastern Europe may become microchip powerhouse

Taiwan is considering cooperation with Eastern European states on semiconductors amid the global chip supply shortage, a Taiwanese minister revealed on Thursday. Read Full Article at RT.com

Russia & Saudi Arabia respond to US oil move

OPEC and Russia are mulling a pause in the previously agreed on increase in oil production after Washington’s announcement of the release of strategic crude reserves, media reports say. Read Full Article at RT.com

Southeast Asia’s largest bank brought to its knees

Singapore’s DBS Group, Southeast Asia’s largest bank, has faced two consecutive days of mass disruption in its online banking services. Read Full Article at RT.com

Musk issues ‘final warning’ to JPMorgan

Tesla CEO Elon Musk has threatened to give the US investment banking giant JPMorgan Chase a bad review on the Yelp platform unless the bank withdraws its $162 million lawsuit against him. Read Full Article at RT.com

Trump praises himself after Biden taps oil reserves

Former US President Donald Trump slammed Joe Biden’s move to release 50 million barrels of oil from the US strategic reserves, calling it an “attack” on the reserves and claiming credit for filling them up earlier. Read Full Article at RT.com

Trump praises himself for making oil reserves ready for tapping

Former US President Donald Trump slammed Joe Biden’s move to release 50 million barrels of oil from the US strategic reserves, calling it an “attack” on the reserves and claiming credit for filling them up earlier. Read Full Article at RT.com

Biden’s oil gamble: How US tapping its reserves will influence energy crisis

Washington has announced plans to release crude reserves from the nation’s stockpile as part of what it calls a global effort by energy-consuming nations to calm the rapid rise in fuel prices. Read Full Article at RT.com

China tech regulation spells end of Alibaba dominance

Tech giant Alibaba’s stock continued to tumble on Tuesday, falling 18% this month and wiping out all of October’s gains on concerns over possible renewed regulation of online platforms in China. Read Full Article at RT.com

Get ready to pay more for goods as container shipping costs skyrocket

Large-scale global supply chain issues during the Covid pandemic have been weighing on individual companies, becoming a major reason for their declining profit margins and rising prices for consumer goods. Read Full Article at RT.com

Restaurant chain invests all profits in bitcoin and makes a fortune

A family-based restaurant chain in Canada has more than quadrupled its gains by investing all profits in bitcoin, which helped keep the firm afloat during the Covid-19 pandemic and allowed it to expand. Read Full Article at RT.com

IMF stresses crypto risks amid ‘Bitcoin City’ plans

The International Monetary Fund has warned that bitcoin poses “significant risks” to consumers, citing El Salvador’s recent move to make the e-token legal tender as the country prepares to launch a crypto-funded “Bitcoin City.” Read Full Article at

Biden nominates chairman of US Federal Reserve

US President Joe Biden has renominated Jerome Powell as chairman of the Federal Reserve for a second term. The move had been widely anticipated by market-watchers. Read Full Article at RT.com

Musk reveals a peculiar secret about his tweets

Billionaire Elon Musk has tweeted that 50% of the messages he posts on Twitter are sent while sitting on the “porcelain throne.” Read Full Article at RT.com

World’s first ‘Bitcoin City’ about to arise

El Salvador’s president, Nayib Bukele, announced plans to build a ‘Bitcoin City’ that will be funded initially by bitcoin-backed bonds, doubling down on his bet to harness the cryptocurrency to fuel investment in the country. Read Full Article at RT.com

Apple concedes to ‘AppleToo’ movement

US tech giant Apple has affirmed its employees’ right to talk about their pay and working conditions. The step comes as a result of its staff’s consolidated efforts to protect themselves in the so-called #AppleToo movement. Read Full Article at RT.com

Tech giant insists its workers may now speak freely about pay, conditions

US tech giant Apple has affirmed its employees’ right to talk about their pay and working conditions. The step comes as a result of its staff’s consolidated efforts to protect themselves in the so-called #AppleToo movement. Read Full Article at RT.com

Apple allows staff to speak up

US tech giant Apple has affirmed its employees’ right to talk about their pay and working conditions. The step comes as a result of its staff’s consolidated efforts to protect themselves in the so-called #AppleToo movement. Read Full Article at RT.com

Amazon execs stuck in middle of marijuana smuggling case

The executive directors of the US e-commerce giant Amazon have been charged in connection with the alleged use of the retail platform for smuggling marijuana in the South Asian market. Read Full Article at RT.com

As fleet of Russian tankers heads to US, Japan considers pitching in

Japan is considering tapping into its national oil reserves, the country's PM has confirmed, after Washington reportedly urged top oil consumers to release their reserves to tackle high crude prices. Read Full Article at RT.com

RT’s Boom Bust looks at how US Fed is creating money especially for Biden’s spending bill

The US House of Representatives has finally voted to pass President Joe Biden’s expansive $1.9 trillion social and climate spending bill. The central pillar of the president’s agenda must now go before the Senate. Read Full Article at RT.com

US gold jewelry market to hit 12-year high

The gold jewelry market in the US has remained robust through 2021, despite a dramatic slump in consumer confidence recorded since April, according to London-based consultancy Metals Focus. Read Full Article at RT.com

What will robots do to your job? Boom Bust finds out

US employers are in a tough spot as millions of Americans have left their jobs for a wide range of reasons, including better benefits or wages, forcing North American companies to raise orders for robots to record numbers. Read Full Article at RT.com

Russian fleet en route to US to help battle fuel crisis

The US is reportedly getting ready to receive a bulk shipment of diesel from energy-rich Russia as Washington strives to cool down the fuel's retail price, which has recently hit its highest level since 2014. Read Full Article at RT.com
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