Business – Page 138 – THE OVAL CIRCLE

Russia to present new concept of national digital currency – Central Bank

Posted on February 20, 2021February 20, 2021By Editor

After discussing the launch of the digital ruble with local banks, the country’s financial watchdog says it will present a more detailed concept for the national digital currency by summer. … Read More >Russia to present new concept of national digital currency – Central Bank

Business

Russia’s gold & foreign currency reserves surge by over $5 billion

Posted on February 20, 2021February 20, 2021By Editor

Russia’s foreign exchange holdings increased to a total of $591.5 billion on February 12, the latest data released by the country’s central bank shows. … Read More >Russia’s gold & foreign currency reserves surge by over $5 billion

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China may exercise ‘nuclear option’ against US defense industry with rare-earths export ban – reports

Posted on February 19, 2021February 19, 2021By Editor

The world’s largest rare-earth miner, China, is reportedly trying to calculate the damage to US defense contractors if it moves to curb supplies of the minerals vital for the country’s weapons industry. … Read More >China may exercise ‘nuclear option’ against US defense industry with rare-earths export ban – reports

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Jeff Bezos overtakes Elon Musk to reclaim world’s richest person title

Posted on February 19, 2021February 19, 2021By Editor

Amazon CEO Jeff Bezos has reclaimed the top spot on the world’s richest list, winning the title back from Tesla CEO and SpaceX founder Elon Musk just weeks after losing it. … Read More >Jeff Bezos overtakes Elon Musk to reclaim world’s richest person title

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How India’s hunger for oil could transform the Middle East

Posted on February 19, 2021February 19, 2021By Editor

India’s rapidly growing oil demand and good relations with Washington make it a key element in US’s new strategy to counter China’s rapidly increasing influence in the Middle East. … Read More >How India’s hunger for oil could transform the Middle East

Business

Boom Bust explores what is wrong with Parler after social media platform returns online

Posted on February 19, 2021February 19, 2021By Editor

The social network favored by American right-wing users, Parler, came back online on Monday with a redesigned website, one month after it was cut off by Amazon and other tech giants over the US Capitol riot. … Read More >Boom Bust explores what is wrong with Parler after social media platform returns online

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Oil pushing higher as winter storm cripples US energy sector

Posted on February 19, 2021February 19, 2021By Editor

Crude prices extended their 13-month highs on Wednesday as freezing weather in the US had a severe impact on the country’s oil industry, wiping out a record one-third of the national output and causing refinery shutdowns. … Read More >Oil pushing higher as winter storm cripples US energy sector

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Hong Kong stock market turnover more than quadruples that of London’s exchange – media

Posted on February 19, 2021February 19, 2021By Editor

Stock trading volumes on the Hong Kong Stock Exchange have seen enormous growth this year. They are now four times greater than the daily turnover on the London Stock Exchange. … Read More >Hong Kong stock market turnover more than quadruples that of London’s exchange – media

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Swedish lawmaker calls for being tough on Germany over Berlin’s commitment to Nord Stream 2 pipeline project

Posted on February 14, 2021February 14, 2021By Editor

A member of Sweden’s parliament, Bjorn Soder, is urging its government to take steps to persuade Germany to withdraw from the Russian-led Nord Stream 2 offshore gas pipeline, as a response to Russia’s latest “actions.” … Read More >Swedish lawmaker calls for being tough on Germany over Berlin’s commitment to Nord Stream 2 pipeline project

Business

Russian economy may recover to pre-pandemic levels by year end, says Central Bank

Posted on February 14, 2021February 14, 2021By Editor

The economic situation in Russia has “turned out to be better than expected,” according to the country’s central bank. The regulator has decided on Friday to keep its key rate at 4.25 percent per annum. … Read More >Russian economy may recover to pre-pandemic levels by year end, says Central Bank

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