The so-called ‘quadrillion-dollar’ asteroid reportedly has so much gold and other precious metals, that mining it could make everyone on Earth a billionaire. However, it could also make precious metals worthless, leading to a possible collapse of the global economy. For more stories on economy & finance visit RT’s business …
Read More »Oil prices dip on stronger dollar & new Covid-19 curbs in China
Brent crude futures for October delivery fell $2.25% to $69.11 per barrel by 06:58 GMT, after having dropped 6% last week, the biggest weekly loss in four months. Meanwhile, US crude benchmark WTI declined by 2.3%, to $66.71 per barrel, following a 7% slump last week, the steepest weekly decline …
Read More »The Man with the Money: How Michael Calvey went from billion-dollar Moscow investor to facing years behind bars in a Russian jail
Accused of dodgy dealing, the businessman was locked up in the notorious Matrosskaya Tishina prison, on the outskirts of the Russian capital, within days. After months of appeals he was released, first to house arrest in his upmarket residential building and, later, he was allowed to go out subject to curfew …
Read More »America’s billion-dollar gas game: Nord Stream 2 threatens US energy exports to Europe. No wonder Washington wanted to block it
However, efforts to draw a line under the debate over the almost-finished energy link have clear-ly not pacified Ukraine’s foreign minister. Dmytro Kuleba was quick to reply to the news on Wednesday, saying in a joint statement with Poland’s foreign minister that the proposals put forward to alleviate the “security …
Read More »Will the digital dollar make bitcoin obsolete? RT’s Boom Bust has the answer
RT’s Boom Bust asks crypto analysts Ben Swann and Christy Ai if that’s indeed the case. For more stories on economy & finance visit RT’s business section
Read More »Russia’s sovereign wealth fund cuts US dollar reserves to ZERO
The proportion of US dollars in the fund was reduced from 35% to zero, while the share of the British pound was lowered to 5%. The shares of the euro and the Chinese yuan were increased to 39.7% and to 30.4%, respectively. The share of the Japanese yen stands at …
Read More »Can other nations follow Russia’s lead in ditching the US dollar? RT’s Keiser Report finds out
He asked technical analyst Tone Vays whether other countries could follow its example. READ MORE: Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy “It’s going to be hard for smaller countries without resources and without a strong leader that can stand up to America … to …
Read More »Ruble strengthens to 11-month high as Russia squeezes out US dollar from its economy
The Russian currency was trading at around 72 rubles against the greenback on Wednesday as oil prices hit a 26-month high, and the country’s monetary regulator hiked key rates to rein in inflation. Meanwhile, Russian bond yields rose last week even as US yields retreated. “There’s likely to be more …
Read More »El Salvador’s brave and bold bitcoin gamble offers a glimpse of a post-US dollar future
On Tuesday night, the parliament of El Salvador made an extraordinary move, passing a law which would make the cryptocurrency bitcoin a legal tender. The Latin American nation is the first country in the world in any capacity to do so. The president of the country, Nayib Bukele, has argued that …
Read More »Trump calls bitcoin ‘scam’, denounces it for ‘competing against the dollar’
During an interview on Fox Business, host Stuart Varney asked Trump for his thoughts on the popular cryptocurrency and whether he would invest in it. “Bitcoin, it just seems like a scam,” Trump declared, adding, “I don’t like it because it’s another currency competing against the dollar.” “I want the …
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