The world lost four times more jobs last year than during the 2008-09 financial crisis, as the coronavirus pandemic rattled the global economy, the International Labour Organization (ILO) has said. […]
Business News (Russia)
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Back to news homeRecession is over for the richest few, while billions will live in poverty for at least a decade – Oxfam
The Covid-19 pandemic has the potential to increase economic inequality in almost every country globally at once, according to a new report revealed by Oxfam on Monday. The report, called […]
Russia cracks down on suspicious financial outflows from the country
The Russian government and the nation’s financial watchdog are reportedly working on a bill to prevent capital flight. The plan implies banning suspicious transactions to foreign bank accounts. The Russian […]
China’s century: Yuan to dethrone US dollar as major global currency, trend forecaster tells Max Keiser
China has become the only major economy left standing after the coronavirus pandemic rattled global trade and is set to strip the US of its leading positions soon, Gerald Celente, […]
Major Russian bank gets ready to launch its own cryptocurrency by spring
Russia’s largest lender, Sberbank, has applied to the national financial regulator to set up a blockchain platform for its own digital token called Sbercoin. The project may be launched as […]
Sales of Russian wheat keep surging amid gloomy export forecasts
Russia has sold 26.3 million tons of wheat since the beginning of July 2020 through January 14 2021, marking a 22.6 percent surge against the same period a year ago, […]
Libya may boost oil production after fixing leaky pipeline to its biggest port
Libya has begun pumping crude to its biggest port again a week after it was forced to shut down a worn-out pipeline due to a leak. With the link back […]
Why did bitcoin suddenly erase all of this year’s gains? RT’s Boom Bust has the answer
The plunge of the world’s largest cryptocurrency by market cap, bitcoin, wiped out millions of dollars from the crypto market earlier this week. RT’s Boom Bust digs into the reasons […]
Cost of sanctions: German industry hit hard by anti-Russia measures, survey shows
Around a half of German businesses polled by one of the nation’s largest economic think tanks, the Ifo Institute, want the EU to lift sanctions against Russia, as the restrictions […]
Foreign investors flooded China’s stock market in 2020, adding about 1.5 million new accounts a month
The number of new investors on China’s mainland stock market increased by 18.02 million last year to 177.77 million, according to China Securities Depository and Clearing. Some Chinese stocks were […]