Author: RT

Brazil’s President Bolsonaro launches his own party Brazil’s President Jair Bolsonaro launched a new political party on Thursday, the Alliance for Brazil (APB), under the banner of fighting graft and advancing Christian values. Bolsonaro led the party’s first meeting in Brasilia, appointing its executive committee - powers he lacked in the right-wing Social Liberal Party (PSL). The move to ditch the PSL is seen as a risky one for the former army captain, who rode a wave of conservative sentiment in Brazil to win last year’s election. It may take months to formalize the new party and deadlines loom for next year's elections, Reuters said. Bolsonaro’s relationship with PSL leadership reached breaking point in recent months as they fought for control over its sizeable campaign fu...

US behind rest of world on digital currencies & 'needs to kind-of hustle to catch up', expert tells Boom Bust The US Federal Reserve along with other world central banks have been hinting about issuing their own digital currencies, which could become “one of the worst financial ideas of recent times.” RT’s Boom Bust is joined by Eric Wade of Crypto Capital, who says the US is ‘clearly behind and clearly trying to catch up’ with the rest of the world, while also sending a lot of mixed signals. He notes that it’s necessary to “separate America from Americans, because the government is certainly slow to adopt digital currencies, while Americans are already adopting different digital currencies that might not be official central bank currencies but ...