Business – Page 235 – THE OVAL CIRCLE

China to spend over $100 BILLION on railways next year

Posted on December 30, 2019December 30, 2019By Editor

As part of its strategic goal of building a nationwide high-speed rail network, Beijing plans to invest about 800 billion yuan (US$114.36 billion) on the expansion of the country’s railways in 2020. … Read More >China to spend over $100 BILLION on railways next year

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Hong Kong economy will inevitably shrink further as protests show no sign of abating

Posted on December 29, 2019December 29, 2019By Editor

Hong Kong’s economy is on the path to face another contraction in the fourth quarter, the financial secretary has warned as raging protests continue to take a toll on the city. … Read More >Hong Kong economy will inevitably shrink further as protests show no sign of abating

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Trump’s tariffs hurt more than helped, leading to job losses & higher prices – Fed study

Posted on December 29, 2019December 29, 2019By Editor

US tariffs meant to boost the US economy by eliminating “unfair” trade practices, primarily by China, actually took a toll on manufacturing sector jobs and hiked prices, a study by the US Federal Reserve Board has concluded. … Read More >Trump’s tariffs hurt more than helped, leading to job losses & higher prices – Fed study

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New Year’s surprise from nature: Russia’s diamond titan unearths massive 190-carat gem

Posted on December 28, 2019December 28, 2019By Editor

A huge 190.77-carat diamond was discovered in Russia’s Siberian republic of Yakutia several days before New Year’s, the world’s leading diamond producer, ALROSA, announced. … Read More >New Year’s surprise from nature: Russia’s diamond titan unearths massive 190-carat gem

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Obey immediately or face sanctions: Washington sets 30-day deadline for European contractors to abandon Nord Stream 2 project

Posted on December 28, 2019December 28, 2019By Editor

The US State Department has issued an ultimatum to European companies taking part in the construction of the Nord Stream 2 natural gas pipeline from Russia to Germany, demanding they cease all work by January 20. … Read More >Obey immediately or face sanctions: Washington sets 30-day deadline for European contractors to abandon Nord Stream 2 project

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‘Climate tariffs’ on fracked ‘molecules of freedom’: German think tank wants to punish US for sanctions against Nord Stream 2

Posted on December 28, 2019December 28, 2019By Editor

US sanctions against the Russian Nord Stream 2 pipeline have caused widespread anger in Germany, and even critics of the project are now seeking to slap the American ‘molecules of freedom’ with an eco-tax in reprisal. … Read More >‘Climate tariffs’ on fracked ‘molecules of freedom’: German think tank wants to punish US for sanctions against Nord Stream 2

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Assad plans to sue the US over ‘stealing’ Syria’s oil

Posted on December 27, 2019December 27, 2019By Editor

Syria’s government is considering suing the United States in an international court over what a senior advisor to Syrian President Bashar al-Assad referred to as the ‘stealing’ of Syria’s oil. … Read More >Assad plans to sue the US over ‘stealing’ Syria’s oil

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Russia & Ukraine to drop reciprocal claims and lift asset seizures as part of new gas transit agreement

Posted on December 27, 2019December 27, 2019By Editor

Transit of Russian gas by Ukraine will be carried out on mutually beneficial and acceptable conditions for both parties, according to Russian Energy Minister Alexander Novak. … Read More >Russia & Ukraine to drop reciprocal claims and lift asset seizures as part of new gas transit agreement

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Extra-territorial US sanctions on Nord Stream 2 bringing Russia & Europe closer together – economy minister

Posted on December 26, 2019December 26, 2019By Editor

Cooperation between Russia and Europe is growing, and pressure from the US just gives more impetus for further development of those ties, says Russian Economic Development Minister Maksim Oreshkin. … Read More >Extra-territorial US sanctions on Nord Stream 2 bringing Russia & Europe closer together – economy minister

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Syria taps Russian firms to develop offshore oil deposits in Mediterranean

Posted on December 26, 2019December 26, 2019By Editor

Syria’s Minister of Petroleum and Mineral Resources Ali Ghanem told Sputnik news agency that two agreements have been signed with Russian companies to develop two deposits in the country’s territorial waters. … Read More >Syria taps Russian firms to develop offshore oil deposits in Mediterranean