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Economic recovery talk is smoke & mirrors as corporate debt bubble ready to bust – Richard Wolff

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Low interest rates allowed companies to borrow money at no cost. But instead of increasing productivity, the financing was used to drive up the cost of shares, setting the stage for imminent collapse, Prof. Richard Wolff told RT. US private corporate debt stands at a whopping $9 trillion, and that spells major trouble for the Read More

CERAWeek 2019: LNG key factor in energy transition

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By CRAIG FLEMING, TECHNICAL EDITOR, WORLD OIL on 3/14/2019 HOUSTON — On the third day (Wednesday, March 13) of CERAWeek by IHS Markit, the industry’s business leaders outlined global economic trends, shifting geopolitics, emerging government policies and advances in technologies. The majority of the day’s sessions outlined how the transition will occur and to define Read More

Western Australia environment regulator backtracks on carbon offset need

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MELBOURNE (Reuters) – Western Australia’s environmental watchdog said on Thursday that it would withdraw guidelines issued last week that would have required big projects to offset their carbon emissions to help curb global warming. FILE PHOTO: The Woodside Petroleum gas plant is seen at sunset in Burrup, in the Pilbarra region of Western Australia, April Read More

What General Electric investors want from CEO on Thursday

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NEW YORK (Reuters) – Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit. The logo of U.S. conglomerate General Electric is pictured at the company’s site of its energy branch in Read More

What General Electric investors want from CEO on Thursday: Clarity

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NEW YORK (Reuters) – Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to reboot the ailing power-plant unit. The logo of U.S. conglomerate General Electric is pictured at the company’s site of its energy branch in Read More

‘Boeing in big trouble’ for not immediately grounding jets – aviation law expert tells RT

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While countries and airlines around the globe are grounding their 737 MAX fleets, the US Federal Aviation Administration (FAA) and Boeing are still allowing the jets to fly. RT talked to Prof. Dr Elmar Giemulla about the risks. “Boeing is in big trouble,” said Giemulla, honorary professor of aviation law at Berlin Institute of Technology. Read More

UK to grant Nazanin Zaghari-Ratcliffe diplomatic protection

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By Deborah Haynes, foreign affairs editor Britain has taken its strongest action yet against Iran over the jailing of Nazanin Zaghari-Ratcliffe by deciding to grant the British-Iranian dual national diplomatic protection. It is the first time in living memory that the government has invoked this international legal tool in protest at the treatment of one Read More

India beats UK and US on mobile data price

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A study into the amount people pay for mobile data has found that the UK has some of the most expensive prices in Europe. The research, from price comparison site Cable.co.uk, found that one gigabyte (GB) of data cost $0.26 (£0.20) in India but $6.66 in the UK. The US had one of the most Read More

‘Trump will reach trade deal with China, he can’t afford not to,’ Peter Schiff tells RT’s Boom Bust

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While US-China trade tensions continue to deteriorate, some news reports suggest an agreement could come soon. Peter Schiff, CEO of Euro Pacific Capital, agrees that there’s going to be a deal. “I’ve been saying that since the beginning. I think Trump cannot afford not to have a deal, there’s going to be one,” he told Read More

‘I’m not worthy’: Pakistani PM rejects calls to award him Nobel Peace Prize after Kashmir flare-up

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Imran Khan has said he doesn’t deserve the Nobel Peace Prize in response to calls by domestic supporters for him to be given the recognition. He said only solving the Kashmir dispute would make a person worthy of the award. Online calls to give the peace award to Khan emerged in Pakistan last week, after Read More