Business – THE OVAL CIRCLE

The world will not shake off chip shortage for another 2 to 3 years – China’s Hisense

Posted on October 17, 2021October 17, 2021By Editor

The global chip shortage is here to stay, at least for another two to three years, the president of Hisense, one of China’s largest TV and household goods makers, says. … Read More >The world will not shake off chip shortage for another 2 to 3 years – China’s Hisense

Global public debt hits record high of $88 TRILLION – IMF

Posted on October 17, 2021October 17, 2021By Editor

The International Monetary Fund (IMF) said on Wednesday that global government debt is estimated at 97.8% of the world’s gross domestic product in 2021. … Read More >Global public debt hits record high of $88 TRILLION – IMF

Russia’s non-resource-based exports will reach historic highs in 2021

Posted on October 17, 2021October 17, 2021By Editor

By year’s end, Russia’s exports not based on resources or energy will reach a record $180 billion, Russian Export Center (REC) CEO Veronika Nikishina told reporters on the sidelines of the Eurasian Women’s Forum. … Read More >Russia’s non-resource-based exports will reach historic highs in 2021

Russian gem miner boosts output to 23.3 million carats

Posted on October 17, 2021October 17, 2021By Editor

Russian diamond miner Alrosa increased production by 26% in the third quarter of 2021, according to the latest data released by the company. … Read More >Russian gem miner boosts output to 23.3 million carats

Russia holds world’s fifth-largest gold & foreign currency reserves

Posted on October 15, 2021October 15, 2021By Editor

Russia has reached a historic record in international reserves, ranking fifth in the world after China, Japan, Switzerland and India, the Accounts Chamber said after an audit of the country’s gold and foreign exchange holdings. … Read More >Russia holds world’s fifth-largest gold & foreign currency reserves

Russian ruble climbs to highest against US dollar since July 2020

Posted on October 15, 2021October 15, 2021By Editor

The ruble continued to strengthen against the US dollar on Friday, reaching levels last seen in July 2020. The Russian stock market MOEX also surged, hitting a record high on rising oil price prices. … Read More >Russian ruble climbs to highest against US dollar since July 2020

‘Nobody will freeze’: Russia will supply Europe with as much gas as it needs, says country’s energy committee

Posted on October 15, 2021October 15, 2021By Editor

Europe will get as much gas from Russia as it needs to curb energy shortages, while gas prices will inevitably stabilize, the country’s National Energy Committee head Aleksey Gospodarev told RT at the Russian Energy Week forum. … Read More >‘Nobody will freeze’: Russia will supply Europe with as much gas as it needs, says country’s energy committee

Russia will set new record for natural gas output in 2021 – Novak

Posted on October 14, 2021October 14, 2021By Editor

Russia is on course to set a new record for natural gas production in 2021, but plans to focus on domestic supplies during the upcoming winter, Deputy Prime Minister Alexander Novak said at the Russian Energy Week forum. … Read More >Russia will set new record for natural gas output in 2021 – Novak

Russia willing to boost gas transit through Ukraine if Kiev offers competitive conditions

Posted on October 14, 2021October 14, 2021By Editor

Russia is ready to increase the transit of natural gas via Ukraine if the European Union increases purchases and Kiev offers competitive transit conditions, Kremlin spokesman Dmitry Peskov told journalists on Wednesday. … Read More >Russia willing to boost gas transit through Ukraine if Kiev offers competitive conditions

Apple cutting iPhone Christmas production by 10 million units due to chip shortage – media

Posted on October 13, 2021October 13, 2021By Editor

US tech giant Apple is reportedly planning to slash its iPhone production goals in 2021 amid growing shortage of semiconductors around the world. The news has triggered an immediate 1.2% drop in the company’s share value. … Read More >Apple cutting iPhone Christmas production by 10 million units due to chip shortage – media