Saudi Aramco profits nearly cut in HALF as pandemic woes cripple oil markets
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Saudi state-controlled oil giant Aramco said last year’s profits saw a dramatic drop to $49 billion as the Covid-19 pandemic turned 2020 into one of the hardest years for one of the world’s most valuable companies. Read Full Article at RT.com
Saudi Aramco profits nearly cut in half as pandemic woes cripple oil markets
newsdepo.com
Saudi state-controlled oil giant Aramco said last year’s profits saw a dramatic drop to $49 billion as the Covid-19 pandemic turned 2020 into one of the hardest years for one of the world’s most valuable companies. Read Full Article at RT.com
Italy should ramp up efforts to localize manufacturing in Russia to catch up to rival Germany, national business lobby says
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Russia could easily become a production site for Italian companies that are actively exporting to Eurasian markets and outside, according to Ernesto Ferlenghi, vice president of the General Confederation of Italian Industry. Read Full Article at RT.com
UN raises global economic growth outlook on increased US consumer spending
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Global economic growth will accelerate faster than expected this year, according to renewed data announced by the United Nations Conference on Trade and Development (UNCTAD). Read Full Article at RT.com
Shooting for the stars: Boom Bust explores the future of blockchain technology in the space industry
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Space exploration used to be almost entirely exclusive to governments, but private firms have also joined the race, with competition picking up in recent years. Read Full Article at RT.com
China has secured the top spot in the world’s rating of nations with most wind power facilities installed in 2020, the Global Wind Energy Council (GWEC) said in its latest report. Read Full Article at RT.com
Asia to account for 90% of global oil demand growth through 2025 – IEA
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Despite speculation that oil demand peaked in 2019, before the global pandemic hit the industry hard, a new IEA report suggests this assumption may have been overstated as demand is set to continue increasing until 2026. Read Full Article at RT.com
Why did Washington sanction Beijing officials over Hong Kong just hours before talks? RT’s Boom Bust finds out
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The White House sanctioned 24 Chinese officials just a day before US Secretary of State Antony Blinken’s meeting in Alaska with top Chinese diplomats. Read Full Article at RT.com
Banks figure out new ways to rip people off by changing laws to get away with it – Max Keiser
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Max and Stacy look at the endless money-printing by the US Federal Reserve, discussing the future of the latest stimulus checks and the role of banks in all of that. Read Full Article at RT.com
‘Gold symbolizes strength of the country’: Poland plans to add more bullion to its coffers
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Poland wants to buy at least 100 tons of gold in the coming years to demonstrate the country’s economic strength, said the president of the central bank, Adam Glapinski. Read Full Article at RT.com
Covid-19 pandemic can’t be over until it is over EVERYWHERE, preventive medicine expert tells Boom Bust
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With the global vaccine rollout well underway, concerns are growing as to whether Covid will continue to be a problem worldwide if developing countries and the poorer nations don’t readily have access to them. Read Full Article at RT.com
India to cut Saudi oil imports amid escalating standoff over output & diversification drive
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Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter in May, Reuters has reported, citing its sources. This comes after calls from India to increase crude production were ignored by OPEC. Read Full Article at RT.com
The UK oil industry is facing a marked decline in production due to a drop in investment amid the pandemic, Bloomberg reports, citing data from Oil & Gas UK. Read Full Article at RT.com
Bitcoin worth more than Visa & Mastercard combined
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Cryptocurrency bitcoin is now more valuable than the world’s two biggest payment networks Visa and Mastercard, which have a combined market capitalization of $871 billion. Read Full Article at RT.com
Bitcoin is a ‘great asset for central banks,’ economist tells Boom Bust
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The price of bitcoin has fallen back, following a record spike of just above $61,500 over the weekend. RT’s Boom Bust explores what’s driving the cryptocurrency’s surge and whether central banks could hold it as an asset. Read Full Article at RT.com
Gold is manipulated since it doesn’t have true price discovery – Max Keiser
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RT’s Keiser Report hosts, Max and Stacy, look at the tumbling purchase power of the US dollar, with $1.9 trillion having been printed in stimulus in the past week. Read Full Article at RT.com
India now holds world’s fourth-LARGEST forex reserves
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India’s foreign exchange holdings amounted to $580.3 billion as of March 5, the country’s central bank has said. Only China, Japan and Switzerland have bigger forex reserves, according to the International Monetary Fund. Read Full Article at RT.com
Britain buys most of Russia's gold exports in January, worth over $700mn
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Russia exported 13.73 tons of rough gold in January, up 1.5 times year-on-year, according to data from the Federal Customs Service. In monetary terms, exports almost doubled to $812 million, data shows. Read Full Article at RT.com
India considering TOTAL BAN on cryptocurrencies – media
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New Delhi is planning to propose a new law that will ban cryptocurrencies and fine anyone trading or even holding digital assets in the country, a senior government official told Reuters. Read Full Article at RT.com
If there has ever been a misleading headline, it has to be the one above, at least according to European carmakers. Hydrogen cars, they say, are not a viable alternative to battery electric vehicles. Read Full Article at RT.com
‘People hungry to be free again’: Personal travel will return from second half of 2021, IATA says
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Air passenger traffic will remain relatively low this year compared with 2019’s pre-Covid levels, but it will be better than in mid-2020, according to International Air Transport Association (IATA) director Alexandre de Juniac. Read Full Article at RT.com
Russian agricultural exports soar nearly 30% as China and Turkey ramp up purchases
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Exports of Russian agricultural products have increased by 28.1 percent in the first two months of 2021 against the same period a year ago, amounting to $4.51 billion, the Russian Agricultural Ministry reports. Read Full Article at RT.com
Biggest fall since 1997: UK trade with EU dives in first month of new Brexit ties
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Exports and imports from Britain to the European Union plunged in January – the first month of the nation's new trade relationship with the bloc – according to data published Friday by the Office for National Statistics (ONS). Read Full Article at RT.com
Iranian crude clogs Chinese ports despite US sanctions
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Tankers full of Iranian oil are reportedly causing a traffic jam at ports in China’s Shandong, as other countries are reluctant to snatch it up, wary of US sanctions. Read Full Article at RT.com
Why does every American president promise to bring the economy back? Boom Bust explores
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The massive $1.9 trillion stimulus bill has made its way through both houses of Congress and is expected to become law on Friday. Boom Bust talks to Professor Richard Wolff, host of the Economic Update, about the relief bill. Read Full Article at RT.com
Saudis vow to protect oil facilities & global supply after latest attacks
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Saudi Arabia will take the necessary measures to keep its oil resources and facilities safe and ensure the security of global oil supply, the Kingdom’s Foreign Minister, Prince Faisal bin Farhan, said on Wednesday. Read Full Article at RT.com
Bitcoin rally extends into fifth day as major players voice support for cryptocurrency
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The world’s top digital asset, bitcoin, continued to rally on Wednesday, pushing above $56,000. The surge comes as major pullback in US government-bond yields sparks demand for risky assets like cryptocurrencies. Read Full Article at RT.com
Russian diamond sales triple as demand in key markets recovers – Alrosa
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Alrosa, the world’s leading diamond-mining company by volume, sold $361 million-worth of rough diamonds and $12 million-worth of polished gems in February, according to a report just published. Read Full Article at RT.com
GameStop stock BOOMING AGAIN as online traders stick it to Wall Street
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The shares of video game retailer GameStop continued to rally on Wednesday, after hitting the highest point since the end of January, and pushing the company’s market cap back above $17 billion. Read Full Article at RT.com
Bitcoin market cap tops $1 TRILLION again as its rollercoaster ride takes another upturn
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The market value of bitcoin has surpassed a $1 trillion mark for the second time in its history after the world’s biggest digital asset saw another surge while moving along its parabolic curve. Read Full Article at RT.com
EU to lose up to €100 billion due to vaccination failures, wary investors & no sign of reopenings – media
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The European economy reportedly risks losing tens of billions of euro, as the slack pace of its anti-Covid inoculation program causes serious concern among investors over potential growth and poor progress in business re-openings. Read Full Article at RT.com
EU to lose up to €100 billion due to vaccination failures, wary investors & no sign of reopenings – reports
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The European economy reportedly risks losing tens of billions of euro, as the slack pace of its anti-Covid inoculation program causes serious concern among investors over potential growth and poor progress in business re-openings. Read Full Article at RT.com
EU to lose up to €100 billion due to vaccination failures, wary investors & no sign of reopenings – report
newsdepo.com
The European economy reportedly risks losing tens of billions of euro, as the slack pace of its anti-Covid inoculation program causes serious concern among investors over potential growth and poor progress in business re-openings. Read Full Article at RT.com
China pledges to build ‘Polar Silk Road’ by developing Arctic shipping routes
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Beijing has announced this week its intention to construct a “Polar Silk Road” and actively participate in the development of Arctic and Antarctic regions as part of its new 2021-2025 “five-year plan.” Read Full Article at RT.com
Global food prices continue to rise with poorest countries hit hardest
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World food prices spiked for the ninth consecutive month to hit a six year-high in February, led by sugar and vegetable oils, according to data from the Food and Agriculture Organization (FAO) of the United Nations. Read Full Article at RT.com
WTF is a NFT? RT's Boom Bust explores multi-million crypto industry
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Non-fungible tokens (NFTs) have been gaining in popularity in recent months, with investors and art-lovers spending millions of dollars to claim ownership of something that only exists in digital space. Read Full Article at RT.com
China’s exports surge at record pace from coronavirus-battered levels
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China saw its trade booming in the first two months of the year, with exports rising more than 60 percent in January-February compared to 2020 lows, when the Covid-19 outbreak rattled the world’s second-largest economy. Read Full Article at RT.com
AirAsia’s ‘flying taxis’ set to buzz through the skies in 2022 – CEO
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Despite a tough year for the aviation and travel industry, Malaysian low-cost airline AirAsia is going to launch an air taxi service, the company’s CEO Tony Fernandes has revealed. Read Full Article at RT.com
Venezuela to issue 1-million-bolivar bill, but it’s worth only 50 cents amid raging hyperinflation
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Venezuela is set to have a new highest valued banknote of one million bolivars as soon as next week. But as the sanctions-hit country is facing enormous inflation, the bill is only worth around 50 cents. Read Full Article at RT.com
