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RT Business</link> RT BusinessenRT Business</link> 12540‘Dr. Doom’ Marc Faber faces media ban for thanking God white people populated America 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]]> 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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Iraq plans to build new refinery in seized Kirkuk – oil ministry

Published time: 17 Oct, 2017 14:15 Edited time: 17 Oct, 2017 14:15 Iraqi Oil Minister Jabar al-Luaibi has announced plans to construct a new refinery in the oil-producing region of Kirkuk, which has become the scene of open conflict between Baghdad and the Kurdistan Regional Government (KRG). Read more The Iraqi government also plans to increase oil production from the ...

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France considers massive tax hike on hard liquor

Published time: 17 Oct, 2017 14:32 The price of cognac and calvados could increase significantly in France as the government plans a tax increase on strong alcoholic drinks. The measure will be part of a crackdown on beverages that negatively affect health. Read more The proposal is part of the government’s new social security budget, which is expected to be ...

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Bitcoin worse than casino gambling – Russian economy minister

Published time: 17 Oct, 2017 14:35 As an investment bitcoin is less predictable than playing roulette in a casino, and unqualified investors shouldn’t have access to instruments with such a high volatility, according to Russian Economic Development Minister Maksim Oreshkin. Read more “As for bitcoin, if you look at how the value of this asset fluctuates, it’s dozens of percent ...

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Vast majority in Czech Republic reject euro in favor of national currency

Published time: 17 Oct, 2017 12:04 Over 85 percent of Czechs are against the idea of replacing the koruna with the euro, according to a poll by Datamar before parliamentary elections. Read more “In Czech society, a negative outlook on the republic’s entry into the eurozone prevails. A total of 85.2 percent of respondents said they were against, while 51.2 ...

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Nobel-winning economist Robert Shiller calls bitcoin ‘a fad’

Published time: 17 Oct, 2017 11:40 The enthusiasm people are showing toward bitcoin is strange, according to American economist Robert Shiller who has called the cryptocurrency a fad comparing it to the bimetallism phenomena. “I’ll take bitcoin, too, because I know I can sell it and get out of it. There seems to be some strange enthusiasm for it,” Shiller ...

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Putin green lights launch of the CryptoRuble

Published time: 17 Oct, 2017 10:59 Russian President Vladimir Putin has ordered the issue of a national cryptocurrency, according to Communications Minister Nikolay Nikiforov, after a closed-door meeting. Read more The minister said once the digital currency or CryptoRuble is issued other cryptocurrency mining will be banned and it will be entirely regulated by the government. “I am so confident ...

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