Business – Page 137 – THE OVAL CIRCLE

Bitcoin’s HUGE daily drop sends cryptocurrency market crashing

Posted on February 24, 2021February 24, 2021By Editor

The world’s highest-valued digital currency, bitcoin, has seen its biggest drop ever, plummeting below $46,000 per coin from the weekend record of over $58,000 in a span of just 19 hours. … Read More >Bitcoin’s HUGE daily drop sends cryptocurrency market crashing

Business

Russia-Germany trade turnover falls to lowest level in 16 years

Posted on February 24, 2021February 24, 2021By Editor

The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European Economic Relations. … Read More >Russia-Germany trade turnover falls to lowest level in 16 years

Business

Russian e-commerce market posts explosive growth during Covid pandemic

Posted on February 24, 2021February 24, 2021By Editor

Online shopping was booming in Russia last year, with trade volumes increasing by nearly 60 percent compared to 2019, according to a business group representing major online retailers operating in the country. … Read More >Russian e-commerce market posts explosive growth during Covid pandemic

Business

Russia to team up with UAE to develop supersonic passenger jet – trade minister

Posted on February 23, 2021February 23, 2021By Editor

Russia’s United Aviation Corporation and Mubadala, the investment fund of the United Arab Emirates, will create a joint venture for developing and manufacturing a supersonic business-passenger jet. … Read More >Russia to team up with UAE to develop supersonic passenger jet – trade minister

Business

Can Oil And Electric Vehicles Coexist In Modern Markets?

Posted on February 23, 2021February 23, 2021By Editor

Both EV stocks and oil stocks are rising in an increasingly irrational market, but while the electric vehicle industry is quickly developing, the oil industry is maturing quickly. … Read More >Can Oil And Electric Vehicles Coexist In Modern Markets?

Business

UK government to hike corporation tax to offset expense of Covid-19 aid – report

Posted on February 23, 2021By Editor

The British finance minister, Rishi Sunak, is reportedly planning to raise the tax on business to defray the costs of expanding the nation’s Covid-19 support package. … Read More >UK government to hike corporation tax to offset expense of Covid-19 aid – report

Business

World debt soars to record $281 TRILLION in 2020, set to rise again this year – report

Posted on February 23, 2021February 23, 2021By Editor

The Covid-19 pandemic has added $24 trillion to the global debt mountain over the last year, the Institute of International Finance (IIF) said. Government spending has accounted for about half of the increase. … Read More >World debt soars to record $281 TRILLION in 2020, set to rise again this year – report

Business

Covid-19 aftermath: Coronavirus pandemic to force more than 100 million people to switch jobs within 10 years

Posted on February 21, 2021February 21, 2021By Editor

Over 100 million workers across the world’s top economies will have to change occupations by 2030, disruption due to Covid-19 pandemic having accelerated current shifts in labor markets, consultant firm McKinsey & Company reports. … Read More >Covid-19 aftermath: Coronavirus pandemic to force more than 100 million people to switch jobs within 10 years

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Iran plans petrochemical BOOM despite US sanctions

Posted on February 21, 2021February 21, 2021By Editor

Iran’s petchems sector now accounts for over 30 percent of all its non-oil exports and Tehran is planning to boost this further through the build-out of a number of dedicated hubs. … Read More >Iran plans petrochemical BOOM despite US sanctions

Business

Russia’s Rostech cooperates with UAE strategic developer to produce new light helicopters

Posted on February 21, 2021February 21, 2021By Editor

The Russian government commission that examines foreign investments has approved a deal reached between VR-Technologies (VRT), a subsidiary of Russian Helicopters, and the Abu Dhabi-based Tawazun Strategic Development Fund. … Read More >Russia’s Rostech cooperates with UAE strategic developer to produce new light helicopters