Business – Page 226 – THE OVAL CIRCLE

China could expand its solar industry by 50% in 2020

Posted on February 22, 2020February 22, 2020By Editor

Despite the coronavirus epidemic ripping through various sectors of the Chinese economy, including the solar industry, Beijing may still significantly boost the number of solar installations this year. … Read More >China could expand its solar industry by 50% in 2020

Business

Boeing buys parts for its spacecraft from private Russian firm

Posted on February 22, 2020February 22, 2020By Editor

A private company based in the Russian city of Voronezh produces units for Boeing’s Starliner that will allow the spacecraft to get power when docked to the International Space Spaction (ISS). … Read More >Boeing buys parts for its spacecraft from private Russian firm

Business

Sanctions? Russia attracts $21 BILLION in foreign investments

Posted on February 21, 2020June 15, 2020By Editor

Foreign investors poured billions of dollars into the Russian economy last year, according to research from global accounting firm KPMG. Investors appreciated the country’s economic stability, it said. … Read More >Sanctions? Russia attracts $21 BILLION in foreign investments

Business

Between a rock and a hard place: UK trying to balance between China & US over Huawei’s 5G rollout

Posted on February 21, 2020February 21, 2020By Editor

America’s top cyber-security official has asked Britain to reconsider its decision on Huawei’s 5G access. Washington’s behavior is “absolutely paternalistic,” says Hilary Fordwich of the British-American Business Association. … Read More >Between a rock and a hard place: UK trying to balance between China & US over Huawei’s 5G rollout

Business

Venezuela declares an energy emergency

Posted on February 21, 2020By Editor

Nicolas Maduro has declared an energy emergency in Venezuela in order to protect the nations oil and ensure energy security. … Read More >Venezuela declares an energy emergency

Business

Russia’s keeps stockpiling gold as bullion prices continue to surge

Posted on February 20, 2020June 15, 2020By Editor

Russia has continued filling its coffers with gold, having added almost 7 tons of the precious metal to its reserves in January. … Read More >Russia’s keeps stockpiling gold as bullion prices continue to surge

Business

Coronavirus pandemic could wipe $1.1 TRILLION off global economy — Oxford Economics

Posted on February 20, 2020February 20, 2020By Editor

China’s GDP growth is expected to fall from six percent last year to 5.4 percent in 2020 due to the spread of the COVID-19 virus, said the latest report by Oxford Economics. … Read More >Coronavirus pandemic could wipe $1.1 TRILLION off global economy — Oxford Economics

Business

Venezuela slams US sanctions on Russia’s Rosneft as an attempt at grabbing control of global oil market

Posted on February 19, 2020February 19, 2020By Editor

Russian oil giant Rosneft’s investments and commercial activities in Venezuela are legal, says state energy firm PDVSA, pledging to provide the necessary support for the producer’s “operational and commercial continuity.” … Read More >Venezuela slams US sanctions on Russia’s Rosneft as an attempt at grabbing control of global oil market

Business

Overseas investors increase holdings of Chinese bonds despite coronavirus uncertainty

Posted on February 19, 2020February 19, 2020By Editor

Demonstrating confidence in China, international investors continued to invest in the country’s economy. Net purchases of Chinese bonds were worth 43 billion yuan ($6.1 billion) after the Spring Festival, market data showed. … Read More >Overseas investors increase holdings of Chinese bonds despite coronavirus uncertainty

Business

US attempts to hurt China & Huawei ‘so badly’ will only hurt itself, Huawei USA chief tells Boom Bust

Posted on February 19, 2020February 19, 2020By Editor

US officials said recently they have evidence that the Chinese telecoms giant Huawei has backdoor access to mobile-phone networks around the world. … Read More >US attempts to hurt China & Huawei ‘so badly’ will only hurt itself, Huawei USA chief tells Boom Bust

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