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Relatives of Sinai plane crash victims sue for $1.6bn compensation

Published time: 19 Oct, 2017 12:01 Families of the 224 victims of the Russian airliner downed in Egypt in October 2015 are suing the airline, insurance companies, and tour operator. “The claim was filed today [Thursday]. The insurance companies Ingosstrakh and Allianz, tourist company Brisco, Russian airline Kogalymavia (using the Metrojet brand) and the company Aircup,” a court in Moscow ...

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Five oil projects boost Rosneft presence in Iraqi Kurdistan

Published time: 19 Oct, 2017 10:48 Russia’s state oil major Rosneft has signed a production-sharing agreement (PSA) with Iraq’s autonomous Kurdistan region worth up to $ 400 million despite the recent standoff between the region’s government and Baghdad. Read more Rosneft says half of the investment could be repaid in oil pumped from the deposits. As part of the deal, ...

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Russia, Saudis team up to boost fracking tech

Published time: 19 Oct, 2017 08:48 While Saudi Arabia and Russia are leading the production cut pact between OPEC and 11 non-OPEC oil producers, Russian oil company Gazprom Neft will cooperate with Saudi Aramco on ways to boost production, including in fracking technology and hard-to-recover oil, Gazprom Neft’s CEO Aleksandr Dyukov said on Wednesday. Read more The two companies have ...

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Johnson & Johnson wins appeal in $72mn talc cancer risk verdict

Published time: 18 Oct, 2017 12:24 Edited time: 18 Oct, 2017 13:16 A US court on Tuesday overturned a judgment against pharmaceutical company Johnson & Johnson (J&J) in favor of the family of a woman whose death from ovarian cancer they claimed stemmed from her use of the company’s talc-based products. Read more The Missouri Court of Appeals for the ...

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'Dr. Doom’ Marc Faber faces media ban for thanking God white people populated America

Published time: 18 Oct, 2017 12:27 Famed Swiss investor Marc Faber, known as ‘Dr. Doom’ for his bearish views on the economy and equity markets, has sparked outrage after suggesting the US only prospered because it is ruled by white people. Read more “Thank God white people populated America, not the blacks. Otherwise, the US would look like Zimbabwe, which ...

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Goldman Sachs prefers gold to bitcoin

Published time: 18 Oct, 2017 13:11 Gold is better than cryptocurrencies due to its durability and intrinsic value, explains American banking giant Goldman Sachs. Read more “Precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” analysts at Goldman Sachs wrote, as quoted by Bloomberg. “They are neither a historic accident or a relic,” and ...

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RT Business

RT Businesshttps://www.rt.com/business/</link> RT BusinessenRThttps://www.rt.com/static/img/logo-rss.pngRT Businesshttps://www.rt.com</link> 12540‘Dr. Doom’ Marc Faber faces media ban for thanking God white people populated Americahttps://www.rt.com/business/407086-faber-doom-backlash-race-comments/ Famed Swiss investor Marc Faber, known as ‘Dr. Doom’ for his bearish views on the economy and equity markets, has sparked outrage after suggesting the US only prospered because it is ruled by white people. Read Full Article at RT.com]]> Wed, ...

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China looks to transition from high-speed to high-quality growth

Published time: 18 Oct, 2017 10:09 Chinese President Xi Jiping has pledged further liberalization of the world’s second-biggest economy, making China more open to foreign investors. Read more “China’s open door will not be closed, it will be only be opened wider,” Xi said, speaking at the opening of the once every five years Communist Party Congress on Wednesday. The ...

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Trump losses $600mn in personal wealth during first year of presidency

Published time: 18 Oct, 2017 10:31 The net worth of America’s 45th president has shrunk by $ 600 million over the last twelve months, according to Forbes magazine. Nearly a year after a win over Hilary Clinton and moving to the White House, Donald Trump dropped to number 248 in the magazine’s ranking of the wealthiest Americans, falling 92 positions. ...

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Large section of Russian gas pipeline to China completed

Published time: 18 Oct, 2017 09:40 More than 1,095 kilometers (km) of the eastern route or the Power of Siberia gas pipeline is now built, according to the Russian energy major Gazprom which added that construction is ahead of schedule. Read more The company plans to build 1,300 km of the 3,000 km long pipeline to deliver Russian gas to ...

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