Business – Page 147 – THE OVAL CIRCLE

Twitter stock crashes after company permanently bans Trump’s account

Posted on January 12, 2021January 12, 2021By Editor

Twitter shares dropped over eleven percent on Monday after the social networking service permanently removed US President Donald Trump from its platform, following last week’s violent protests by his supporters on Capitol Hill. … Read More >Twitter stock crashes after company permanently bans Trump’s account

Russian Arctic sea route shipping tops 33 million tons in 2020

Posted on January 12, 2021January 12, 2021By Editor

The volume of cargo transported via Russia’s Northern Sea Route (NSR) is constantly growing and has increased by 4.7 percent year-on-year in 2020, said the State Atomic Energy Corporation Rosatom. … Read More >Russian Arctic sea route shipping tops 33 million tons in 2020

Freight traffic between China & Europe hit all-time high in 2020

Posted on January 12, 2021January 12, 2021By Editor

A record 12,400 freight-train trips between China and Europe were made in 2020, according to the China State Railway Group. That’s up 50 percent from the previous year, the railway operator said. … Read More >Freight traffic between China & Europe hit all-time high in 2020

Cryptocurrencies lose almost $200 BILLION in 24 hours as bitcoin plummets

Posted on January 12, 2021January 12, 2021By Editor

Bitcoin and other digital coins tumbled on Monday, wiping some $190 billion from the entire cryptocurrency market. The sell-off could signal some profit-taking by investors, experts say. … Read More >Cryptocurrencies lose almost $200 BILLION in 24 hours as bitcoin plummets

China plans to turn up heat in crackdown on monopolies after opening probe into online giant Alibaba

Posted on January 12, 2021January 12, 2021By Editor

As Chinese digital behemoths continue to expand, the government will concentrate its efforts on regulating monopolies this year, officials said at an annual legal meeting. … Read More >China plans to turn up heat in crackdown on monopolies after opening probe into online giant Alibaba

Why doesn’t Facebook just buy your data if it’s so valuable? RT’s Boom Bust digs into WhatsApp privacy controversy

Posted on January 10, 2021January 10, 2021By Editor

The recent changes to WhatsApp’s privacy policy, requiring users to share their data with owner Facebook or leave the platform altogether, have drawn the ire of many users, and even fellow tech entrepreneurs. … Read More >Why doesn’t Facebook just buy your data if it’s so valuable? RT’s Boom Bust digs into WhatsApp privacy controversy

Oil rallies to 11-month highs on surprise Saudi cuts & US crude supply drop

Posted on January 10, 2021January 10, 2021By Editor

Saudi Arabia’s pledges of voluntary output cuts and the earlier decline in US oil inventories have continued to boost energy markets, bringing crude prices to the highest levels since February 2020. … Read More >Oil rallies to 11-month highs on surprise Saudi cuts & US crude supply drop

Russian stock market hits all-time high as hopes for recovery boost global investment sentiment

Posted on January 10, 2021January 10, 2021By Editor

Russia’s main index on the Moscow Exchange has reached a new historic peak for the second time in a week following gains in equities trading in Europe and the US as investors anticipate more economic relief. … Read More >Russian stock market hits all-time high as hopes for recovery boost global investment sentiment

Germany may set up special fund to fend off Russia’s Nord Stream 2 from sweeping US sanctions

Posted on January 9, 2021January 9, 2021By Editor

The German state of Mecklenburg-Vorpommern may have a plan to facilitate the completion of Russia’s Nord Stream 2 pipeline amid US attempts to sink the $11 billion gas project in the Baltic Sea. … Read More >Germany may set up special fund to fend off Russia’s Nord Stream 2 from sweeping US sanctions

Global food prices surge to multi-year highs with more inflation yet to come – UN

Posted on January 9, 2021January 9, 2021By Editor

After seven months of consecutive growth, food prices finally reached a three-year peak for the whole pandemic year, according to the UN food security agency, the Food and Agriculture Organization (FAO). … Read More >Global food prices surge to multi-year highs with more inflation yet to come – UN