World’s top grain exporter Russia keeps global supplies high despite Covid-19 pandemic
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World’s top grain exporter Russia keeps global supplies high despite Covid-19 pandemic

Via RT Business Exports of Russian grain are expected to total 41.7 million tons in the current agricultural season, according to the Russian Federal State Statistics Service. Supplies of wheat to the global market may reach 33.2 million tons. That’s in line with pre-pandemic projections from industry experts, who said in February deliveries could be...

Oil could ‘pretty easily’ rebound to $150 a barrel despite crashing prices this year, analysts predict
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Oil could ‘pretty easily’ rebound to $150 a barrel despite crashing prices this year, analysts predict

Via RT Business After having gone below zero this year due to the coronavirus pandemic and to disagreements between global oil producers, the price of crude has all the chances of rebounding significantly from these historic lows. That’s according to the estimates of analysts, who told The Wall Street Journal that investment in oil and gas...

China’s aviation industry takes $5-BILLION hit from coronavirus pandemic
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China’s aviation industry takes $5-BILLION hit from coronavirus pandemic

Via RT Business China’s Civil Aviation Administration (CAAC) revealed on Friday that the nation’s air travel industry has lost 34.25 billion yuan ($4.89 billion) in the second quarter of the year, slightly less than the $5.43-billion loss in Q1. China’s aviation industry, which includes airlines, airports and other aviation companies, has been recovering faster than...

Can India really shut down oil supply to China?
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Can India really shut down oil supply to China?

Via RT Business Threats to oil shipping routes are nothing new to the oil market. It has endured Iran seizing tankers in the Strait of Hormuz, and it has endured Iran’s repeated threats to close this most important chokepoint in the world. But what the oil market is perhaps not prepared to shrug off are...

Alibaba dethrones Facebook as world’s sixth-most valuable company
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Alibaba dethrones Facebook as world’s sixth-most valuable company

Via RT Business Shares of Chinese e-commerce giant Alibaba soared over 10 percent, allowing it to overtake US social media firm Facebook by market capitalization and climb higher among the world’s most valuable firms. Alibaba stock enjoyed its biggest one-day percentage gain since its secondary listing in Hong Kong in November. At $261 per share,...

US unemployment during Covid-19 crisis reaches nearly 50 MILLION
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US unemployment during Covid-19 crisis reaches nearly 50 MILLION

Via RT Business Another 1.4 million Americans are expected to have filed for unemployment in the week ending July 4, with the coronavirus pandemic still raging in the country. The US Labor Department is set to release weekly data later on Thursday. According to economists’ forecasts, initial jobless claims are set to stand at around...

France diminishing Huawei’s role in its superfast mobile networks
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France diminishing Huawei’s role in its superfast mobile networks

Via RT Business While not explicitly banning Huawei 5G equipment, France is gradually phasing out the Chinese tech giant from the nation’s next-generation networks, according to a lawmaker in President Emmanuel Macron’s party. Earlier this week, the head of French cybersecurity agency ANSSI said that there would be no blanket ban on Huawei’s participation in...

India seeks tighter control on Chinese goods coming in from 3rd countries following deadly border conflict
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India seeks tighter control on Chinese goods coming in from 3rd countries following deadly border conflict

Via RT Business India’s Commerce and Industry Ministry is considering stricter scrutiny of goods coming from Bangladesh, Sri Lanka, South Korea, and the Asia bloc. The move aims to stop banned Chinese imports coming through these countries. New Delhi had earlier imposed 100 percent physical checks of shipments from China. The new regulations on Chinese...

Musk mocks Tesla short-sellers by selling red satin short shorts
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Musk mocks Tesla short-sellers by selling red satin short shorts

Via RT Business Tesla’s website briefly crashed this week as CEO Elon Musk launched the sale of red satin shorts, lampooning investors who are betting against the electric carmaker. The limited-edition garment, available for “Only $69.420,” was out of stock just hours after Musk made the announcement late Sunday on Twitter. In addition to the...

Russia leads emerging market stock rally to hit four-month high
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Russia leads emerging market stock rally to hit four-month high

Via RT Business The MSCI index of developing-world stocks rose 1.8 percent on Monday to its highest level since February 26. The growth comes as strong economic data from emerging markets gave investors hope of an economic recovery. Chinese stocks were the biggest boost to the index, as the country’s business activity recovered steadily. Strong...

Israel to join Russian-led free-trade zone this year
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Israel to join Russian-led free-trade zone this year

Via RT Business A free-trade agreement between the Russian-led Eurasian Economic Union (EEU) and Israel may be concluded in 2020, according to Israel’s Charge d’Affaires Yacov Livne. “One important issue that we are addressing is a free-trade zone between Israel and the Eurasian Economic Union. I think there are all possibilities to finalize the talks...

Volvo makes its biggest car recall ever, affecting over 2 MILLION vehicles globally
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Volvo makes its biggest car recall ever, affecting over 2 MILLION vehicles globally

Via RT Business Chinese-owned Swedish car manufacturer Volvo is recalling nearly 2.2 million vehicles worldwide over concerns that the seatbelts could be less effective over time. The recall is the biggest ever for the brand. The company’s press spokesman, Stefan Elfstrom, told Swedish media that it discovered the “rare” problem with the seatbelts in some...