Commercial

Russia to stop exporting titanium to Boeing in counter-sanctions against US – draft law
Russia's Federation Council is looking to adopt counter-sanctions against the US, under which the country may ban exports of titanium components to aircraft giant Boeing, according to Russian Senator Sergey Ryabukhin. "Among the rare earth metals that Russia supplies to the United States is titanium, which is necessary for the t [...]
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BP thinks an oil spill in Australia would be ‘welcome boost’ for locals
BP, the company behind the deadly Deepwater Horizon oil spill disaster, the biggest in history, has claimed an oil spill off the South Australian coast would be a good thing, as the clean up would boost local economies. BP made the outlandish claim as part of its bid to drill for oil in the pristine Great Australian Blight. [...]
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Breathtaking Ignorance: BP Suggests Ecological Catastrophe Good for Economy
In a spectacular contortion of logic, British Petroleum - seeking highly-profitable licenses to drill for offshore oil in southern Australia - claimed that destructive chemical spills would be a boon to coastal communities. [...]
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Massive car graveyard where Volkswagen diesel vehicles go to die (VIDEO)
After paying billions in fines over an emissions-cheating scandal in the US, Volkswagen now has to park thousands of bought-back diesel automobiles at nearly 40 facilities across America. The German automaker has paid over $7.4 billion to buy back nearly 350,000 diesel vehicles in the US as of February, according to the court fi [...]
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Gold glitters & dollar declines as US-China trade war escalates
The price of the traditional safe haven gold increased on Monday after Beijing introduced retaliatory measures against American goods coming to China. After falling in the past three trading sessions, the yellow metal surged over $8 per troy ounce to $1,335. [...]
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China to slap US with up to 25% bigger import tariffs in trade war retaliation
Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on the [...]
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Russian gas pipeline gets green light from Germany as US tries to kill project
Germany has issued a permit for the construction and operation of an offshore section of the Nord Stream 2 pipeline in the Exclusive Economic Zone (EEZ) of Germany in the Baltic Sea. “The BSH [Federal Maritime and Hydrographic Agency of Germany] issued the permit for this approximately 30-kilometres-long route section in accor [...]
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Tesla just months from total collapse, says hedge fund manager
The American electric-car company Tesla will be bankrupt within four months unless its CEO Elon Musk “pulls a rabbit out of his hat,” according to hedge fund manager John Thompson. “Companies eventually have to make a profit, and I don’t ever see that happening here,” the head of Vilas Capital Management told Market W [...]
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‘New Guidelines of Activity’: Russia’s Kalashnikov Aims at Outer Space – Report
Russia's Kalashnikov Concern, which is known throughout the world for its production of reliable AK assault rifles, has reportedly decided to foray into fresh fields. The Russian defense manufacturing concern Kalashnikov has agreed with State Corporation Rostec to acquire 60 percent of the shares of the Molniya research an [...]
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Why petro-yuan may become biggest game-changer of all time in capital markets
The historic launch of the long-awaited trading of Chinese crude futures this week has stirred up a heated debate among analysts as to whether the new commodity product will prosper or flop. Some market analysts expressed doubts over the success of the petro-yuan, citing Beijing’s yearning for total control over trading as one [...]
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Petro-yuan helps Russia & China dump US dollar in oil trade
China is the world's biggest crude consumer and buys most of its oil from Russia. However, most settlements are still in US dollars. The launch of the petro-yuan now allows Moscow and Beijing to use national currencies instead. China and Russia are actively reducing dependence on the dollar in bilateral trade. In October 2017, [...]
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Japan unveils new ‘Supreme’ bullet train
A new high-speed bullet train has been rolled out by the Central Japan Railway (JR Tokai). It will debut in 2020 on the Tokaido Shinkansen line, running between Tokyo and Shin-Osaka. According to JR Tokai, the new Shinkansen N700S or Shinkansen ‘Supreme’ train will be smarter, sleeker and quieter. [...]
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Only Russia Ensured Additional Gas Supplies to Germany in March – Wintershall
KASSEL (Germany) (Sputnik) - Moscow was Berlin's only foreign partner that provided Germany with additional natural gas during the cold period in early March, Mario Mehren, the CEO of the Wintershall energy company, said. [...]
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Hungary Repatriating Tons of Gold From UK Amid Fears of Economic Crisis
Central banks around the world have been building up their gold stockpiles to make sure they are stored on soil they can trust. The National Bank of Hungary (MNB) says it is bringing back three tons of the country’s gold reserves stored at the Bank of England in London, Gold Seek reported. The move to repatriate 130 mill [...]
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Schwarzenegger wants to sue Big Oil for ‘First Degree Murder’
Arnold Schwarzenegger has announced that he is taking oil companies to court “for knowingly killing people all over the world.” “This is no different from the smoking issue. The tobacco industry knew for years and years and years and decades, that smoking would kill people, would harm people and create cancer, and were hid [...]
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