The Russian Ministry of Finance said on Monday it may shift to the use of local currencies with European trade partners. The move will be part of the so-called de-dollarization of the Russian economy. As we can see the main opportunity which can be realized in the short and medium term is the transition to settlements in national currencies with our European counterparts, including settlements inv [...]

US Initial Jobless Claims have hit their lowest level since 1969, with consumer confidence reaching its highest in decades. Things are looking pretty good until you start discussing averages, says Mish Shedlock of MishTalk.com. [...]

Follow RT to get the latest news and updates from Austria, including politics, culture, sport and weather. Austria is a country in Europe, the capital of which is Vienna. It has a border with, and is historically close to, Germany. Austria is one of the largest economies and world’s richest state by per capita in GDP terms. Find news on the economy, finance and market in Austria. [...]

RT’s Boom Bust show presents the second part of a special project that looks into the quality of the US infrastructure. Even President Trump admitted that, when it comes to airports, the US is like a Third World country. Infrastructure is one of the major issues in the US as it affects the lives of millions of people and billions of dollars in the world’s largest economy. [...]

WASHINGTON (Sputnik) - Half of Americans believe President Donald Trump’s aggressive use of tariffs threatens the country’s economic prosperity and their own personal finances, a Quinnipiac University poll revealed on Monday. "Trump's trade policies are bad for the US economy, voters say 50 — 39 percent and bad for their personal financial situation, voters say 46 — 35 percent," a press re [...]

Despite facing years of sanctions from the US and EU, the Russian economy is growing again thanks to a winning formula of low debt and high reserves. The sovereign debt of Russia is a fraction of that in developed countries like the UK or US. Russia’s foreign debt now stands at $525 billion, compared to $7.5 trillion in Britain, $5 trillion in France, $4.8 trillion in Germany, and an eye-waterin [...]

Some member countries of the World Trade Organization (WTO) want to create an appeal mechanism that would prevent the US vetoing decisions it dislikes, according to Russian Economy Minister Maksim Oreshkin. By September four seats will be vacant at the Appellate Body, the WTO appeals chamber, leaving three judges out of the necessary seven. [...]

On May 15, President Vladimir Putin attended the inauguration of a strategic 19-kilometer bridge along the Kerch Strait, linking Crimea to the Russian mainland. This key infrastructure project is a major step forward in bolstering the Crimean Peninsula’s economy, and encouraging trade and access to other parts of the Russian Federation. [...]

Bilateral trade between Russia and China has grown steadily and the positive trend will continue, according to Xu Sitao, chief economist with Deloitte, consulting in China. He warned US economy is facing risk of recession by 2020.  Xu said China has become the largest export market for Russia since 2017, accounting for roughly 12-13 percent of Russian exports. [...]

As more countries pay for oil in yuan, the standing of the Chinese currency in global finance has grown, an analyst tells RT. However, its future path won’t be completely smooth, he warns. “If people started to pay for oil in yuan, central banks would need to hold reserves in yuan, leading to a massive increase in the global demand for yuan, reducing the cost of financing the Chinese economy,� [...]

France’s economy minister has suggested that the EU may compensate European companies affected by US sanctions on Iran, stressing that the bloc should not accept Washington as “the economic gendarme of the planet.” [...]

Russia has decided not to participate in the increase in the World Bank's lending capacity and with good reason, analysts told Sputnik, suggesting that it doesn't seem logical for Moscow to fund the institution amid the US-led sanctions spree aimed against Russia. The World Bank's assets are being directed to fund reforms beneficial to transnational corporations, including those from the US, Va [...]

On the heels of Trump’s withdrawal from the Iran deal, France’s economy minister has urged Europe to stop acting like “US vassals” and continue trading with Tehran in defiance of what “the global economic policeman” has in store. “Do we want to be vassals who obey decisions taken by the United States while clinging to the hem of their trousers?” Bruno le Maire asked in an emotional [...]

Living with ever-growing debt, which has passed $21 trillion, has become a trademark of the US economy. RT asked an analyst how long this can continue without serious problems for the world’s largest economy. US Treasuries and US foreign debt have long been supported by the dollar-printing machine, and this support may be ending, according to TeleTradeBel analyst Mikhail Grachev. [...]

With the Turkish Central Bank withdrawing its gold reserves from the US Federal Reserve System and shipping them to Ankara, Sputnik looks into how this move may affect the development of the world economy. All Conditions for Crisis in Place The global economy is struggling to cope with a barrage of hard conditions such as uncontrolled money printing, trade wars, sanctions, increasing interes [...]

Washington's latest round of sanctions targeting Russian business will cost the German economy billions of euros, according to estimates revealed by the Russian-German Foreign Trade Chamber (AHK). “The recent sanctions of the US against Russia may cost the German economy billions of euros in years to come,” the report said. [...]

Earlier in the day, the US President took to Twitter to call for Russia to “get ready” for “nice and new and smart” missiles in Syria as a response to the alleged chemical attack in Douma – the tweet was followed by another one, urging Moscow to stop what he described as an “arms race.” After threatening to attack Syria, POTUS scaled back the rhetoric 40 minutes later with his  [...]

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. [...]

The new economy and energy minister Peter Altmaier made it clear before a meeting between German and US officials in Washington that the EU would take a strong stand against the new steel and aluminum tariffs proposed by US President Donald Trump. The economy and energy minister of Germany’s new grand coalition government Peter Altmaier has warned the US government that if a trade war with th [...]

The EU's top trade official has employed strong rhetoric as the row with US President Donald Trump over steel and aluminum tariffs heats up following fruitless talks. European Trade Commissioner Cecilia Malmstroem has promised that Europe would fight back against those who intimidate its trade after joint talks with US Trade Representative Robert Lighthizer and Minister of Economy, Trade and I [...]

A video has emerged of former American Vice President Joe Biden admitting that the US had to strong-arm its European partners into imposing economic sanctions on Moscow following the Crimean referendum in 2014. The said restrictions at the time led to retaliatory measures from Moscow, which have in turn considerably damaged the bloc's economy. [...]

The US-South Korean military drills which are due to start next Monday may dramatically deteriorate the situation on the Korean Peninsula, RIA Novosti contributor Gevorg Mirzayan writes, adding that the country with the EU's leading economy, Germany, has openly demonstrated its discontent with US policy in the region. [...]