Depository of News

Brexit uncertainty forces European company to stockpile toilet paper

German-owned paper company Wepa has hoarded 600 tons of toilet paper in its UK warehouses to avoid disruption of supplies in the case of a no-deal Brexit scenario. Read Full Article at

Dark clouds forming over Big Tech: RT’s Boom Bust looks at why Europe is ‘picking on Google’

The EU has slapped tech giant Google with a massive €1.5 billion ($1.7 billion) fine for blocking rivals’ ads. Read Full Article at

Russian diamonds fetch millions in Hong Kong

The world's leading diamond mining company Alrosa has sold more than a hundred of its rough and polished diamonds in Hong Kong. Total sales from the auction reached $10.5 million, according to the Russian miner. Read Full Article at

Volkswagen CEO Diess’ future in doubt over Nazi-era blunder

Independent investors have been raising questions about the future of Volkswagen’s (VW) chief executive Herbert Diess after he evoked a Nazi phrase in a management meeting last week. Read Full Article at

Building bridges: Last steel beam linking Russia-China railway bridge connected

The first cross-border railway bridge between China and Russia over the Amur River has been connected from both sides. The bridge, which will be operational this year, is expected to take bilateral trade to new highs. Read Full Article at

US 'oil weapon' could change geopolitics forever

The United States became the world’s top oil producer in February, and now it may use its leverage to reinforce its position as a geopolitical force. Read Full Article at

Citigroup to sell Venezuelan gold after Caracas misses buyback deadline due to US asset grab

Citigroup is reportedly preparing to sell gold bullion – which the Venezuelan Central Bank swapped for cash back in 2015 to keep the economy afloat and has now missed the deadline to buy back – and it wants to keep the change. Read Full Article at

EU keeps piling on fines on Google, slapping tech giant $1.7bn for blocking rivals' ads

Google has been hit with a €1.5 billion ($1.7 billion) fine by the European Union. The sanction marks the third antitrust penalty against the Big Tech firm in less than three years. Read Full Article at

Escalation of US-China bilateral tariffs to shave off $1 trillion from America’s GDP

A study by the US Chamber of Commerce shows how the deterioration in the trade dispute between the world’s two largest economies, China and the United States, will drastically affect the American economy. Read Full Article at

'Perfect storm' of tight supply & global demand drives oil prices higher

Oil prices have risen far higher and faster than most analysts expected, with major banks now changing their forecasts as a perfect storm of factors forms around oil markets. Read Full Article at

Bayer stock sinks after court rules weed killer it bought from Monsanto caused cancer

Bayer shares plunged more than 12 percent after a second US jury ruled that glyphosate-based Roundup weed killer causes cancer. It was a huge blow to the German pharmaceutical giant which bought US agrochemical firm Monsanto. Read Full Article at

Russian airlines halt purchases of Boeing 737 MAX jets indefinitely

Contracts for the purchase of troubled Boeing 737 MAX aircraft have been suspended indefinitely by a number of Russian airlines, according to Vladimir Afonsky, a member of the State Duma Committee on Transport and Construction. Read Full Article at

Qatar to launch Islamic banking giant focused on energy

The world’s biggest Islamic bank, which is set to specialize in the energy sector, will appear in Qatar in the fourth quarter of the current year, according to executives launching the project. Read Full Article at

Venezuela may divert US-bound oil to Russia & China

Sanctions-hit Venezuela may reroute crude initially destined for the US to other countries, according to the country’s top energy official, adding that shipments could go to Russia and China. Read Full Article at

Can Google create the Netflix of gaming? RT’s Boom Bust finds out…

Tech giant Google is expected to reveal its mysterious cloud gaming platform which will allow high-end games to be played without having to dish out hundreds of dollars for gaming hardware. Read Full Article at

Tesla ‘would love’ to enter India’s car market – CEO Elon Musk

Billionaire chief executive of electric carmaker Tesla Elon Musk has vowed that his company will hit the Indian car market as early as this year. Read Full Article at

Land & sea sections of natural gas pipeline from Russia to Turkey connected

The last joint connecting offshore and land sections of the Turkish Stream natural gas pipeline have been welded, Russian media reported, citing the project’s operator South Stream Transport B.V. Read Full Article at

Forget gold: Palladium is the undisputed precious metals champion

Palladium has continued this year’s rally, surging to a new record on Tuesday amid rising worries about shrinking supply. It has continued to beat gold and silver as the best investment among precious metals. Read Full Article at

Where China & Russia meet: Cross-border railway bridge over Amur River nearing completion

The two parts of the long-awaited railway bridge linking Russia and China across the Amur River, will be connected on March 20-23, according to the project’s chief engineer Li Huachao. Read Full Article at

Pakistan’s shipping sector to get $2 billion investment boost from Singapore-based firm

Singapore shipbuilding and marine service firm Global Radiance Group has announced plans to invest around $2 billion in the Pakistani shipbuilding industry, the group chairman and managing director Abdul Lateef Siddiqui said. Read Full Article at

Prized pigeon: Someone just paid €1.25 million for a bird

A Belgian pigeon-race champion has become the most expensive bird of its kind ever sold after the feathered racer almost tripled the previous highest price to €1.25 million ($1.4 million). Read Full Article at

Brexit could be ‘terrific’ for emerging markets, says investment guru Mark Mobius

As the world’s fifth-largest economy the UK is set to leave the European Union, the prospect of doing that without a Withdrawal Agreement could be “terrific” for emerging markets, according to veteran investor Mark Mobius. Read Full Article at

Western sanctions v Eastern promises: Russia's Crimea could become part of China’s new Silk Road

Private businesses in China are interested in involving Russia’s Crimea in the implementation of projects under the Belt and Road Initiative (BRI), Beijing’s development & investment project in 152 countries on five continents. Read Full Article at

Saudi Arabia looks to expand from oil to natural gas with huge LNG investment in Russia’s Arctic

Russia’s biggest independent gas producer Novatek is considering selling up to 30 percent of its Arctic LNG (liquefied natural gas) 2 project to Saudi national oil giant Saudi Aramco. Read Full Article at

Russia & Egypt seal $2 billion deal for supply of Su-35 fighter jets

Cairo and Moscow have signed a $2 billion dollar contract for the purchase of more than 20 Russian Su-35 multi-role air-defense fighters and air-launched weapons. Read Full Article at

Putin launches 2 new power stations in Crimea on anniversary of reunification with Russia

Russian President Vladimir Putin has launched new power stations in Crimea as the region marks the fifth anniversary of reunification with Russia. The facilities will boost the peninsula’s energy independence. Read Full Article at

Profit v passenger safety: Why the US was the last to ground troubled Boeing jets

Despite two deadly crashes in five months the US Federal Aviation Administration (FAA) and Boeing insisted on the airworthiness of the 737 Max. It wasn't until the rest of the world grounded the plane that the US finally conceded. Read Full Article at

Russia & China sign agreement on construction of 2 power units at Tianwan nuclear power plant

Russian and Chinese state nuclear corporations have signed a general contract on construction of the seventh and eighth power units at the Tianwan Nuclear Power Plant (NPP), the biggest joint NPP project between the two countries. Read Full Article at

Massive college admission scandal is all about widening US inequality gap – lawyer to Boom Bust

The college admissions scam recently making headlines clearly shows that there are “two Americas,” with one of them only for the rich, a lawyer for civil justice and consumer rights at Public Citizen told RT. Read Full Article at

China emerges as key player in green bonds market

Chinese entities last year issued more than $30 billion worth of bonds that met international «green» definitions. The country maintained its second place position on the green bond market, just behind the US and ahead of France. Read Full Articl

‘I advise them to talk less’: US buzz caused tensions in oil market, Tehran says

Washington’s comments on oil prices are to blame for problems in the oil market, the chief Iranian energy official has said, warning that the situation could become even worse if the US fails to hold its tongue. Read Full Article at

Cash v safety: Why the US was the last to ground troubled Boeing passenger jets

Despite two deadly crashes in five months the US Federal Aviation Administration (FAA) and Boeing insisted on the airworthiness of the 737 Max. It wasn't until the rest of the world grounded the plane that the US finally conceded. Read Full Article at

Economic recovery talk is smoke & mirrors as corporate debt bubble ready to bust – Richard Wolff

Low interest rates allowed companies to borrow money at no cost. But instead of increasing productivity, the financing was used to drive up the cost of shares, setting the stage for imminent collapse, Prof. Richard Wolff told RT. Read Full Article at

Trump’s trade war cut $7.8bn from US economy in 2018, study says

America’s trade war resulted in $7.8 billion in losses for the nation’s economy, while the subsequent higher costs of imports took more than $68 billion from consumers and producers, economists at leading US universities found. Read Full Article at

Elizabeth Warren suggests crushing monopolies – RT's Keiser Reports weighs in

Max and Stacy from RT’s Keiser Report delve into the anti-trust plans unveiled by Democratic presidential hopeful Elizabeth Warren, which they say may finally bring real competition to the US’ monopolies-dominated economy. Read Full Article at

'Severe unintended consequences': OPEC threatens to kill US shale

OPEC is ready to produce at full capacity if the NOPEC (No Oil Producing and Exporting Cartels Act) bill is passed in Washington, an action that would likely kill the cash intensive US shale industry. Read Full Article at

Substitute for Boeing Max? Russian MC-21 passenger jet to debut at MAKS 2019 Air Show

The public debut of the Russian Irkut MC-21-300 with a passenger interior is scheduled for this year’s Moscow International Aviation and Space Salon (MAKS 2019), which runs from August 27 to September 1. Read Full Article at

Marijuana industry tops charts with HIGHEST growth rates in job market

The nascent cannabis growing-industry is expanding the most in the US, according to new data. With over 64,000 new jobs added since last year, the weed market is causing its competitors to go up in smoke. Read Full Article at

Cash cow? After paying billions in fines Volkswagen accused by US stock regulator of ‘massive fraud’

The US Securities and Exchange Commission (SEC) has filed a complaint against Volkswagen (VW), accusing the German automating giant and its former CEO Martin Winterkorn of defrauding US investors by cheating on emissions tests. Read Full Article at
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