Depository of News

US shale slams Biden’s oil policies

US shale producers have been disappointed with the Biden Administration’s policies regarding the oil and gas industry for nearly a year now, and they voiced their disappointment at this week’s World Petroleum Congress in Houston. Read Full Article at RT.c

This Arab state plans to boost trade with Russia

The United Arab Emirates plans to increase its trade turnover with Russia to $20 billion in the next five years, the country’s Foreign Trade Minister Thani bin Ahmed Al Zeyoudi has announced. Read Full Article at RT.com

Grab popcorn & watch US dollar collapse – Max Keiser

Washington is struggling to figure out how to regulate the digital asset market. Some in Congress say that banning crypto could help preserve the US dollar’s status as the world’s reserve currency. RT’s Max Keiser disagrees. Read Full Article at RT.com

Russia boosts foreign exchange reserves

Russia’s gold and foreign currency holdings grew by $3 billion in the week through December 3, with total reserves reaching $622.8 billion, the latest data published by the country’s central bank shows. Read Full Article at RT.com

Dyson supplier charged with labor law violations

Malaysia has charged a supplier for world-famous vacuum cleaner producer Dyson with violations of labor law on accommodation for workers amid an ongoing probe over forced labor complaints, authorities said on Saturday. Read Full Article at RT.com

Biden says how much richer Americans have become this year

Americans now have $100 more each month than they did last year despite record inflation, US President Joe Biden said this week, commenting on unemployment insurance claims. Read Full Article at RT.com

World’s drunkest nation may have to stay sober this Christmas

Australia, recently revealed as the world’s drunkest country, is heading into this year’s festive season with a shortage of beer amid supply disruptions. Read Full Article at RT.com

Biden says Americans are $100 richer each month than last year

Americans now have $100 more each month than they did last year despite record inflation, US President Joe Biden said this week, commenting on unemployment insurance claims. Read Full Article at RT.com

‘Crash and depression coming’ to US – Robert Kiyosaki

Famed writer and economist Robert Kiyosaki has warned investors that the stock markets are about to crash and the US economy is heading into a “depression.” Read Full Article at RT.com

‘Crash and depression’ forecast for US markets & economy

Famed writer and economist Robert Kiyosaki has warned investors that the stock markets are about to crash and the US economy is heading into a “depression.” Read Full Article at RT.com

Musk against closure of nuclear power plants

Elon Musk has said that nuclear power plants should be kept open unless they are susceptible to extreme natural disasters. His statement comes as California is planning to shut down its last nuclear plant. Read Full Article at RT.com

Amazon slapped with its biggest-ever fine

Italy’s antitrust regulator has fined US e-commerce giant Amazon €1.13 billion ($1.28 billion) for abuse of its market dominance, in one of the biggest financial penalties introduced against a US company in Europe. Read Full Article at RT.com

JPMorgan bets on Covid-19 pandemic's duration

US investment bank JPMorgan Chase said on Wednesday that 2022 will mark the end of the coronavirus pandemic and see global economic recovery. Read Full Article at RT.com

European gas futures soar as US weighs sanctions on Russia

The price of natural gas in Europe topped $1,150 per 1,000 cubic meters on Wednesday, or €99 per megawatt-hour in household terms, trading data shows. This comes as Russia, a major energy supplier, faces threats of US sanctions. Read Full Article at RT.com

‘Bitcoin inventor’ claims multibillion-dollar victory

Australian computer scientist Craig Wright, who claims to be the creator of bitcoin, won a major US court case over the estate of former business partner David Kleiman on Tuesday. Read Full Article at RT.com

Russia’s top banker slams Zuckerberg’s metaverse as ‘unrealistic’

Herman Gref, the head of Russia’s largest bank, SberBank, has criticized Facebook founder Mark Zuckerberg’s idea of creating a metaverse, or unified platform for virtual and physical things. Read Full Article at RT.com

Staggering travel decline spoils World Aviation Day

Covid-19 has led to a dramatic drop in global air travel as the aviation industry marks its annual International Civil Aviation Day today, December 7. Read Full Article at RT.com

Fed bigger threat to stock markets than Omicron – Morgan Stanley

The potential impact of the US Federal Reserve’s move on speeding up the taper of asset purchases may turn into a much bigger headwind for the stock markets than the Omicron Covid-19 strain, analysts at Morgan Stanley say. Read Full Article at RT.com

Shift to EVs could cost half a million European jobs

A new study by the European Association of Automotive Suppliers (CLEPA) has found that half a million jobs could be lost in the EU by 2040 with the ban on combustion-engine cars and transition to electric vehicles. Read Full Article at RT.com

Omicron fears drag down US growth forecast

Goldman Sachs has downgraded its US economic growth forecast for 2022 from a previously expected 4.2% to 3.8%. The outlook was cut due to rising risks and uncertainty around the new Covid-19 variant, Omicron. Read Full Article at RT.com

Hackers drain nearly $200 million from major crypto exchange

On Monday, crypto exchange BitMart pledged to compensate users who lost money after a major “security breach” saw hackers steal $196 million worth of cryptocurrency. Read Full Article at RT.com

Reasons behind Dyson’s split with major supplier appear shocking

Dyson is reportedly cutting ties with ATA IMS, one of Malaysia’s top providers of electronics manufacturing services, which supplies the UK firm with spare parts for vacuum cleaners and air purifiers, over labor-abuse allegations. Read Full Article at RT.co

Dyson breaks up with major supplier over forced-labor claims

Dyson is reportedly cutting ties with ATA IMS, one of Malaysia’s top providers of electronics manufacturing services, which supplies the UK firm with spare parts for vacuum cleaners and air purifiers, over labor-abuse allegations. Read Full Article at RT.co

Russia’s trade minister on his nerve-racking experience of driving a Tesla

Driving one of Tesla’s electric vehicles can be a real challenge during Russia’s severe winters, as its drive range inevitably drops in low temperatures, according to Russia’s trade and industry minister, Denis Manturov. Read Full Article at RT.com

IMF urges world’s richest countries to save poorest

The International Monetary Fund (IMF) has warned that 60% of the world’s poorest nations are at high risk of, or already in, debt distress, double the share in 2015. Read Full Article at RT.com

Erdogan ousts ‘Made in Turkey’ to boost trade as lira plummets

Turkish President Recep Tayyip Erdogan has ordered the country’s national brand to be changed in order to boost recognition of Turkey abroad and confirm the good faith of the nation’s exporters. Read Full Article at RT.com

Erdogan ousts ‘Made in Turkey’ to bring in more dollars

Turkish President Recep Tayyip Erdogan has ordered the country’s national brand to be changed in order to boost recognition of Turkey abroad and confirm the good faith of the nation’s exporters. Read Full Article at RT.com

US retail giant given hell for banning BLM masks

Labor board prosecutors have alleged that Whole Foods Market, which is owned by Amazon, illegally prevented its workers from wearing Black Lives Matter (BLM) masks, and punished those who broke the ban. Read Full Article at RT.com

Value of US-Canada energy trade dips

The pandemic-driven lower petroleum consumption and lower commodity prices resulted in a decline of over 30% in the value of energy trade between the United States and Canada in 2020. Read Full Article at RT.com

Bitcoin drops nearly $10,000 in an hour

The world’s crypto pioneer, bitcoin, saw a sharp decline of nearly $10,000 in roughly an hour to as low as $42,000 before bouncing back to $45,000, extending the latest downtrend amid the emergence of the Omicron Covid-19 strain. Read Full Article at RT.com

US on the brink of default, think tank projects

The Bipartisan Policy Center (BPC) said on Friday the US federal government is likely to run out of borrowing room and breach the debt limit after December 21. Read Full Article at RT.com

Brits look to kitchen waste to power jets

British Airways has struck a deal with a UK refinery for aircraft fuel made from used cooking oils to help power the carrier’s flights by early 2022. Read Full Article at RT.com

US to pay Bezos to colonize space

American space agency NASA has allocated over $415 million to three US companies, including Jeff Bezos’ Blue Origin, to design private space stations and other commercial destinations in orbit. Read Full Article at RT.com

US billionaire predicts civil war in the country

There is a “dangerously high risk” that the United States could slide into civil war within the next 10 years due to the “exceptional amount of polarization” currently seen in the country, says billionaire Ray Dalio. Read Full Article at RT.com

Musk keeps dumping Tesla shares

Tesla CEO Elon Musk has sold another bulk of the company’s shares worth $1.01 billion to pay his taxes, Thursday’s regulatory filings show. Read Full Article at RT.com

China facilitates business travel with US

China is set to relax its travel rules for American business executives, Beijing’s envoy to the US said, vowing to put “more positive energy” into bilateral ties and “fast track” flights in order to meet concerns from US firms. Read Full Article at

Tesla’s quad bike goes on sale, if you’re small enough

After two years of waiting, Tesla fans can finally lay their hands on the Cyberquad all-terrain vehicle, now on sale on Tesla’s website. However, only smaller customers can enjoy it, as they launched the kids’ bike version. Read Full Article at RT.com

‘Sterling Lads’ cartel banks fined $390 million

The European Union said on Thursday it has fined four major banks a combined €344 million ($390 million) for colluding in a foreign exchange spot trading cartel via a chatroom named “Sterling Lads.” Read Full Article at RT.com

Tokyo flats available to rent for $1, but there’s a catch

Iconic Swedish furniture brand Ikea has begun renting small duplex apartments in the overpopulated Japanese capital Tokyo for less than a dollar per month. Read Full Article at RT.com

Ditching green, new Cold War, US constitutional crisis – Saxo Bank’s predictions for 2022

Danish investment bank Saxo Bank has released its annual “outrageous predictions,” aiming to guide global financial markets through the “revolutionary” possibilities of 2022, from ditching the green transition to a new Cold War. Read Full Article at R
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