Economy

IMF Chief Warns Global Economy May Well Slide Into Another Great Depression

The international financial watchdog earlier estimated the recent trade rows had already cost the world economy about $700 billion or an 0.8 percent slump in global GDP, outlining the data in a soon-to-be-published annual report by the IMF.

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‘We are going to have a horrible time,’ Jim Rogers tells Boom Bust as global debt skyrockets

Central banks around the world will continue printing money as long as it’s necessary, says legendary investor Jim Rogers, calling it “madness.” He talks to RT’s Boom Bust about the state of the global economy and what could be over the horizon. Never before in world history have interest rates been so low, Rogers says. […]

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Mother of all ironies: US veterans are returning to Vietnam ‘for a better life’

It sounds almost unbelievable, but a number of US citizens are deciding to cash out of the elusive ‘American dream’ as they settle down in foreign places, such as Vietnam, where many of them were once loathed as invaders. Vietnam, Laos, Cambodia. For many Americans, those names invoke powerful memories and images of unspeakable violence, […]

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Can Boeing be trusted ever again? RT’s Boom Bust explores  🎞️

Very ‘disturbing’ documents have been submitted to the Federal Aviation Administration by Boeing on the same day the company fired its CEO Dennis Muilenburg. They contained a new batch of messages between Boeing employees on the development of the troubled 737 MAX, showing concerns about the aircraft.

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Russia & Qatar to deepen cooperation in a bid to boost investment and trade

Russia’s Roscongress Foundation and the Qatar Investment Promotion Agency have inked a document during the Doha Forum that sets up a joint working group for coordination of investment activities and business projects. The agreement was signed on Sunday, when a Russian delegation held a panel session titled ‘Developing the High-Tech Sector in Russia: Prospects for […]

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Sanctions? Russia has the best-peforming stock market in the world

The Russian stock market has delivered the biggest returns to investors around the world this year. Global rate cuts and increased dividend payouts have been driving investor interest in Russia. The MSCI Russia Index which tracks the 23 largest Russian publicly-listed companies has surged 44 percent since the start of the year, according to Sberbank […]

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Last week’s repo meltdown points to 2008 financial crisis & may lead to new bank crashes – Keiser Report

Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis […]

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Suicides cost Japan’s economy $4bn annually

Japanese national broadcaster NHK has calculated the potential economic loss to the country from suicides at more than $4 billion a year. The calculation is based on 23,000 suicide victims in 2015, aged from 15 to 69 years, and had they lived and worked until their 70s.

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Major American Bank Forecasts Dollar’s Looming Demise Amid Power Shift to Asia

Several major world economies, including Russia and China, have recently been discussing ways to abandon the dollar in bilateral transactions. Notably, Russian President Vladimir Putin has accused the US of using the status of its currency as a tool of pressure against other states and said that it undermines global trust in the dollar.

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Huawei dominates global race to 5G, inking over 50 contracts despite US crackdown

Chinese telecom giant Huawei has secured more than 50 commercial contracts for 5G across the world, according to the company’s board member and Senior Vice President Catherine Chen, who was cited by news agency Xinhua.

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Special EU channel to allow trade with Iran, circumvent US sanctions is now operational – statement

A special trade channel that will allow European firms to bypass American sanctions on Iran is operational – that was the outcome of the meeting between the countries who signed the nuclear deal ditched by US.

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Global recession within less than a year if Trump escalates trade war – Morgan Stanley

The worsening trade conflict between the world’s two largest economies, the United States and China, could send the global economy into recession within three fiscal quarters, research by investment bank Morgan Stanley has found.

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US trade deficit soars to decade high of $621 billion despite Trump pledge to bridge the gap

Despite the trade war against China and numerous import tariffs imposed on a number of countries, the US trade deficit hit a 10-year high of $621 billion last year, the US Commerce Department reported.

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‘Stupid economics’: Attack on Huawei tells world to avoid doing business with US – Prof. Wolff

The US has underestimated the consequences of the attack on Chinese telecom giant Huawei as it sends a strong signal for the rest of the world to avoid dealing with such an unstable partner, professor Richard Wolff believes.

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Washington and Wall Street wake up to the reality that Beijing is happy to walk away

As Wall Street reels from the shock of a trade war exploding to new heights in the form of tariffs and counter tariffs, there’s another reality that is setting in — that China seems happy to walk away from trade talks.

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