Chinese telecom giant Huawei, which has been accused by the US over alleged breaches of sensitive user information, has said it is ready to sign a ‘no-back-door’ pact with the government of India. Read Full Article at RT.com

Fracking has been an “unmitigated disaster” for shale companies themselves, according to a prominent former shale executive. Read Full Article at RT.com

Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Read Full Article at RT.com

American courier FedEx has apologized for failing to deliver a package to the US which contained a Huawei smartphone. The incident, which is not the first of its kind to affect Huawei, was explained as an “operational mistake.” Read Full Article at RT.com

The world’s largest retail trade association has urged the Trump administration not to impose additional tariffs on China as it would make Americans pay another $18 billion-a-year for various products, from footwear to furniture. Read Full Article at RT.com

A full-fledged war between the US and Iran would immediately affect global crude prices, as the recent escalation of tensions in the Middle East has already shown. The only question now is how high could crude go. Read Full Article at RT.com

An oil carrier the size of nearly three football fields has been delivered to its new owner in northeast China. It is the first “smart” carrier in the world, and has a loading capacity of 308,000 tons. Read Full Article at RT.com

The price of Bitcoin has surged, exceeding its one-year high. The world’s most popular cryptocurrency was trading at nearly $9,900 on Friday, continuing its 2019 rally that has seen its value nearly triple. Read Full Article at RT.com

Global crude prices have jumped on foot of the escalating tensions in the Middle East, where a US military drone was shot down by Iranian forces over the Strait of Hormuz, a chokepoint for oil supplies. Read Full Article at RT.com

Hungary does not see any evidence that Chinese tech giant Huawei poses a security threat as alleged by Washington, according to the country’s Innovation and Technology Minister. Read Full Article at RT.com

The Central Bank of Russia (CBR) has purchased 200,000 troy ounces (6 tons) of gold in May, boosting bullion reserves to 2,190 tons. Read Full Article at RT.com

Western economic restrictions have deprived the Russian economy of $50 billion, but the European Union has been hit harder, losing $240 billion since 2014, according Russian President Vladimir Putin. Read Full Article at RT.com

The world’s largest air carrier, American Airlines, has become the first major US airline to buy 50 long-range, single-aisle A321XLR jets from Airbus as Boeing is tries to win back customers’ trust after two recent crashes. Read Full Article at RT.com

American motorcycle manufacturer Harley-Davidson said on Wednesday it is teaming up with China’s Qianjiang Motorcycle to make a new smaller motorcycle than its trademark ‘big hogs’. Read Full Article at RT.com

The General Court of the European Union ruled on Wednesday that Adidas’ three-stripe branding was invalid as a trademark as it lacked a distinctive character. Read Full Article at RT.com

Asia’s second largest nation, India, has recently raised tariffs on US goods in response to Washington ending trade privileges for the country. Read Full Article at RT.com

US President Donald Trump on Tuesday took a shot at ECB head Mario Draghi, who said Europe may be in line for more stimulus money – a move which would weaken the euro against the dollar. Read Full Article at RT.com

The US dollar is an anachronism of the modern world economy, according to the director of the Russian Foreign Intelligence Service, Sergey Naryshkin. Read Full Article at RT.com

US aviation giant Boeing’s chief financial officer, Greg Smith, has revealed the possibility of a name change to the troubled 737 MAX aircraft. The plane has been grounded across the world following two fatal crashes last year. Read Full Article at RT.com

Foreign investors led by Russia accelerated the reduction of US debt securities in April, decreasing their holdings of Treasury bills by $29.5 billion, data released by the US Treasury Department shows. Read Full Article at RT.com