Trade

Hunger games: How the world’s farmers have become collateral victims of sanctions against Russia

Sanctions imposed by the West on Russia, a major fertilizer exporter, have disrupted supply chains and left farmers in despair worldwide. The rush to impose sanctions on Russia, and the departure of scores of companies from the country, following the launch of the military operation in Ukraine was done with a specific calculus: To devastate […]

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US dollar is ‘a huge black hole,’ expert says

The greenback threatens to swallow the wealth of both countries and individuals, according to Wang Zaibang. The United States has violated the major principles of the capitalist market economy and is poised to break the global political and economic order, Wang Zaibang, a senior researcher at China’s Taihe Institute, told Russia’s RIA news agency on Thursday. […]

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Freedom Convoy 2022 in Solidarity with the Truck Drivers: What Canada Needs Is the

A mass movement against the Covid mandate is unfolding coast to coast across Canada in solidarity with cross-border truck drivers. Tens of thousands of people will be joining the truck drivers in Ottawa.  According to Justin Trudeau, unvaccinated truck drivers “may pose a risk of transmitting COVID-19 to the general public”.  What nonsense. Truck drivers for the most part […]

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Russia’s Arctic sea route draws growing global investor interest, Foreign Ministry says

Foreign investors and entrepreneurs show growing interest in the development of the Northern Sea Route (NSR), Russian Ambassador at Large for the Arctic Cooperation at the Ministry of Foreign Affairs Nikolay Korchunov told TASS. According to him, international businesses “have high practical demand for Arctic projects, whose long-term strategy stipulates the year-round use of NSR […]

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EU, China Strike ‘In Principle’ Trade Agreement Amid Backlash From Incoming Biden Gov’t, Reports Say

Seven years of negotiations have concluded just days after Brussels and London agreed on a post-Brexit trade deal and ahead of tensions with the incoming Biden administration, according to reports. China and the European Union announced a long-awaited investment deal confirmed by Chinese president Xi Jinping and European Commission president Ursula von der Leyen, media […]

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US left out as Asia Pacific nations strike world’s biggest trade deal

Ten members the Association of Southeast Asian Nations (ASEAN) and five other Asia-Pacific countries, including regional leader China, have inked the world’s largest free-trade pact that covers nearly a third of global economy. The long-discussed agreement, officially known as the Regional Comprehensive Economic Partnership (RCEP), was signed on the sidelines of the annual ASEAN summit […]

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China about to pull off ‘diplomatic coup’ by striking world’s largest free trade agreement

Fifteen Asia-Pacific nations including China and Japan plan to sign the world’s biggest free trade deal this weekend. The FTA will cut tariffs, strengthen supply chains with common rules of origin, and codify new e-commerce rules. The Regional Comprehensive Economic Partnership (RCEP) is expected to be announced at the Association of Southeast Asian Nations (ASEAN) […]

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Russia to dominate world’s platinum & palladium production with new Arctic project

The Arctic Palladium project which involves development of several platinum-group metal deposits on Russia’s Taimyr Peninsula is nearing completion. It is expected to turn Russia into the world’s top producer of platinum metals. The platinum-group metals (PGMs) is a group of six metals: ruthenium, rhodium, palladium, osmium, iridium, and platinum. They have similar physical and […]

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Customers Turn Down American LNG in Growing Numbers Amid Global Supply Glut, Traders Say

American LNG exports are estimated to have dropped by around a half since January due to a collapse in demand which led to lack of storage space in overseas facilities. Buyers of US-extracted liquefied natural gas (LNG) may cancel up to 60 percent of July orders, as the energy industry is reeling from a global […]

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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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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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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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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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