Business – Page 119 – THE OVAL CIRCLE

Russia’s Alrosa sees nearly tenfold surge in diamond sales amid growing demand from India

Posted on June 15, 2021June 15, 2021By Editor

In May, Russia’s top gem miner, Alrosa, saw more than a ninefold year-on-year surge in sales of rough diamonds. At the same time, sales of polished diamonds increased by nearly fivefold, according to the producer. … Read More >Russia’s Alrosa sees nearly tenfold surge in diamond sales amid growing demand from India

Business

China starts work on the world’s largest LNG storage unit

Posted on June 15, 2021June 15, 2021By Editor

China’s National Offshore Oil Corporation (CNOOC) has expanded the construction of what will be the world’s largest liquefied natural gas (LNG) storage tanks in Yancheng Binhai Port Industrial Park in Jiangsu province. … Read More >China starts work on the world’s largest LNG storage unit

Business

Sitting on ‘TIME BOMB’: Deutsche Bank issues grim post-pandemic warning for US economy

Posted on June 13, 2021June 13, 2021By Editor

Further disregarding inflation will push the global economy to a major crisis, according to the latest report issued by Deutsche Bank economists who point the finger at the US money-printing policies. … Read More >Sitting on ‘TIME BOMB’: Deutsche Bank issues grim post-pandemic warning for US economy

Business

G7 nations seek to counter China’s Silk Road projects with ambitious infrastructure plan

Posted on June 13, 2021June 13, 2021By Editor

The Group of Seven (G7) countries have announced plans for a major infrastructure project for developing nations in a bid to rival China’s trillion-dollar Belt and Road Initiative (BRI), also known as “One Belt, One Road.” … Read More >G7 nations seek to counter China’s Silk Road projects with ambitious infrastructure plan

Business

Tourists told to leave dollars at home as Cuban banks will no longer accept greenback

Posted on June 13, 2021June 13, 2021By Editor

Cuba has asked tourists not to bring dollars with them to the Caribbean island, as the US currency will no longer be accepted in the country, according to the first vice president of the Central Bank, Francisco Mayobre Lence. … Read More >Tourists told to leave dollars at home as Cuban banks will no longer accept greenback

Business

Which countries are offering Covid-19 vaccine tours for travelers and why? RT’s Boom Bust explains

Posted on June 11, 2021June 11, 2021By Editor

Some nations around the world with a surplus of vaccines are helping foreign travelers get their coronavirus shots in a bid to help boost their economies and revive international air travel. … Read More >Which countries are offering Covid-19 vaccine tours for travelers and why? RT’s Boom Bust explains

Business

World Bank projects sustainable post-Covid economic recovery in Russia

Posted on June 11, 2021June 11, 2021By Editor

The World Bank, which has in recent weeks been raising its outlook for Russia, said on Tuesday it expects a steady recovery of the nation’s economy this year and in 2022. … Read More >World Bank projects sustainable post-Covid economic recovery in Russia

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How an oil pipeline hack sent bitcoin prices tumbling

Posted on June 11, 2021June 11, 2021By Editor

Bitcoin slid more than 10% on Tuesday as news of an FBI seizure of bitcoin funds circulated on social media, exposing a potential security breach in the world’s most “secure” form of payment. … Read More >How an oil pipeline hack sent bitcoin prices tumbling

Business

Russia’s Siberia attracts $7 BILLION in investment at St. Petersburg Economic Forum

Posted on June 11, 2021By Editor

Russia’s Siberian Federal District has signed a range of agreements totaling almost 500 billion rubles ($6.9 billion) at the St. Petersburg Economic Forum (SPIEF), the region’s information center reported on Wednesday. … Read More >Russia’s Siberia attracts $7 BILLION in investment at St. Petersburg Economic Forum

Business

Saudi Arabia & Russia warn of major oil supply crunch without new investments in fossil fuels

Posted on June 9, 2021June 9, 2021By Editor

The leaders of the OPEC+ group, Saudi Arabia and Russia have warned that an imminent supply crunch is inevitable if the world fails to invest enough in new oil and gas projects. … Read More >Saudi Arabia & Russia warn of major oil supply crunch without new investments in fossil fuels

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