Business – Page 190 – THE OVAL CIRCLE

Apple is now even BIGGER than Saudi oil behemoth Aramco

Posted on August 2, 2020August 2, 2020By Editor

Recent market shake-ups have allowed the iPhone maker to topple Saudi Aramco, depriving the oil giant of its long-held title of the world’s most valuable company. … Read More >Apple is now even BIGGER than Saudi oil behemoth Aramco

Business

Elon Musk says ‘China rocks’, warns that the US may start losing due to ‘complacency’ & ‘entitlement’

Posted on August 2, 2020August 2, 2020By Editor

While tensions between the US and China are spiraling, Tesla and SpaceX CEO Elon Musk has warned that America has become too “complacent” with its dominant position and this could lead to its demise. … Read More >Elon Musk says ‘China rocks’, warns that the US may start losing due to ‘complacency’ & ‘entitlement’

Business

Russia partly resumes international air traffic, reportedly may further ease travel restrictions in 10 days

Posted on August 2, 2020August 2, 2020By Editor

Russia lifted its blanket ban on international flights on Saturday after months-long suspension due to the Covid-19. Travelers can now go to just a few countries, but some reports say all destinations may be reopened soon. … Read More >Russia partly resumes international air traffic, reportedly may further ease travel restrictions in 10 days

Business

China’s manufacturing recovery accelerates while global economies grapple with coronavirus fallout

Posted on August 1, 2020August 1, 2020By Editor

Chinese factory activity has beaten expectations once again, expanding for the fifth straight month and recovering at a faster pace, new data shows. … Read More >China’s manufacturing recovery accelerates while global economies grapple with coronavirus fallout

Business

France suffers worst economic collapse on record due to Covid-19 lockdown

Posted on August 1, 2020August 1, 2020By Editor

The French economy contracted by a record 13.8 percent in the second quarter, data from the national statistics agency INSEE has revealed, highlighting the cost of coronavirus lockdowns. … Read More >France suffers worst economic collapse on record due to Covid-19 lockdown

Business

US becoming more like Greece as national debt explodes, market analyst tells Boom Bust

Posted on August 1, 2020August 1, 2020By Editor

The US Federal Reserve left interest rates near zero and vowed to use all the tools to support the recovery from an economic downturn that Chairman Jerome Powell called the most severe “in our lifetime.” … Read More >US becoming more like Greece as national debt explodes, market analyst tells Boom Bust

Business

Coronavirus pandemic triggers huge contraction in eurozone economy

Posted on August 1, 2020By Editor

The 19 euro-area countries experienced the biggest GDP drop on record during the height of the coronavirus pandemic. The eurozone economy shrank 12.1 percent, while the EU economy as a whole contracted 11.9 percent. … Read More >Coronavirus pandemic triggers huge contraction in eurozone economy

Business

Dollar crash will topple the entire US ‘house of cards’ economy by year end – Peter Schiff

Posted on August 1, 2020August 1, 2020By Editor

No one seems to be worried about the falling dollar, veteran stockbroker Peter Schiff writes on Twitter, as the US currency continues to slide versus major rivals amid gold and silver record growth. … Read More >Dollar crash will topple the entire US ‘house of cards’ economy by year end – Peter Schiff

Business

Google Marks First Revenue Decline in Company History

Posted on July 31, 2020July 31, 2020By Editor

As the coronavirus pandemic challenges the global economy, different spheres have suffered losses, from air travel to oil markets. Now, as advertisers appear to pull back spending, one of the world’s biggest tech companies, Google, has been affected. … Read More >Google Marks First Revenue Decline in Company History

Business

Saudi Arabia books $29-BILLION deficit in Q2

Posted on July 31, 2020July 31, 2020By Editor

Saudi Arabia booked a deficit of $29 billion for the second quarter of the year because of the continued slump in oil prices and oil demand, which affected revenues. … Read More >Saudi Arabia books $29-BILLION deficit in Q2

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