© Aly Song / Reuters

China to Slap US with up to 25% Bigger Import Tariffs in Trade War Retaliation

Beijing is hiking up tariffs on more than 128 US imports, including fruit and pork, as part of a tit-for-tat response to US President Donald Trump’s $60 billion package of tariffs imposed against China. The additional fares, which range from 15 to 25 percent, will take effect on Monday, the Chinese Finance Ministry said on …

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Death of US Dollar? China Launches Petro-Yuan to Challenge Greenback’s Dominance

The highly anticipated yuan-backed crude oil futures have been launched in Shanghai. China is the world’s biggest oil consumer, with eyes on rival benchmarks Brent and WTI as well as the US currency. Trading of the new oil futures contracts for September settlement started on the Shanghai International Energy Exchange at 440.20 yuan ($69.70) per …

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© Fred Prouser / Reuters

US Demands China Reconsider ‘Catastrophic’ Ban on Importing Foreign Garbage & Recyclables

Amid fears of a potentially devastating trade war between the US and China, Washington has urged Beijing not to implement the ban on US garbage and recyclable materials that Asia’s giant threatened to impose last July. In an effort to battle the "illegal foreign garbage" influx into China, last July China’s Ministry of Environmental Protection …

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Jeff Bezos, founder and chief executive officer of Amazon, poses as he stands atop a supply truck during a photo opportunity at the premises of a shopping mall in the southern Indian city of Bangalore © Abhishek N. Chinnappa / Reuters

World’s Top 5 ‘Most Evil’ Corporations

Most companies become successful thanks to their stellar reputations. But not always. RT Business scraped the bottom of the barrel to find the most hated companies trending on the internet. Monsanto The company that needs no introduction, creator of DDT and Agent Orange, Monsanto is one the world’s largest pesticide and GMO seed manufacturers. It …

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OUTED: DuPont Covered Up the Health Risks of Teflon

Few things are as ubiquitous in modern kitchens as nonstick cookware; from frying pans to baking dishes and a host of other accouterments, you’d be hard-pressed to find a kitchen without something brandishing a nonstick coating. While it may seem innocuous, that’s probably because corporations like DuPont have the money, influence and power to keep the …

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Price Gouging? Cancer Drug Price Spikes From $50 to $768 Per Pill After Change of Owner

A long-standing medication for cancer has become almost unaffordable for most of patients, as its price has skyrocketed 1,500 percent over four years. The company behind the drug is under fire. The remedy for brain tumors and Hodgkin lymphoma was introduced 42 years ago, and the highest dose was sold for $50 per capsule. The …

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Putin Orders Russian Companies to be Ready for Urgent Transition to War-Time Operations

Russian President Vladimir Putin says that all major Russian companies, both state-owned and private, must be ready for a rapid transition to war-time operations, adding that the capability is crucial to national security. According to the Kremlin press service, the Russian president made the statement on Wednesday at a conference with senior defense ministry officials …

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War Between Iran & Saudi Arabia Could Send Oil to $300 Per Barrel & Impoverish the World

An armed conflict between Riyadh and Tehran would have a major impact on oil markets and the global economy. RT asked experts what a war between the two Middle East superpowers would mean for crude prices. If a conflict happens, oil prices could increase 500 percent. “Energy prices will seriously depend on the severity of …

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