Business – Page 148 – THE OVAL CIRCLE

Crude oil flow from Saudi Arabia to US falls to ZERO

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

For the first time in 35 years, no oil flowed from Saudi Arabia to the United States last week, according to EIA data, in a show that the US — at least for now — isn’t as reliant on oil from the Middle East like it used to be. … Read More >Crude oil flow from Saudi Arabia to US falls to ZERO

Business

Sudden change of heart: NYSE backpedals on delisting Chinese telecom giants

Posted on January 6, 2021January 6, 2021By Editor

In a sudden reversal, the New York Stock Exchange (NYSE) said it will no longer delist China’s three largest state-owned telecommunications corporations allegedly linked to the Chinese military. … Read More >Sudden change of heart: NYSE backpedals on delisting Chinese telecom giants

Business

Norwegian electric-vehicle sales overtake petrol & diesel models for first time, but Tesla beaten to top spot

Posted on January 6, 2021January 6, 2021By Editor

Norway has become the world’s number-one nation for electric vehicles, which comprised more than 50 percent of all new car sales in the country, the Norwegian Road Federation (OFV) reported on Tuesday. … Read More >Norwegian electric-vehicle sales overtake petrol & diesel models for first time, but Tesla beaten to top spot

Business

Germany to face wave of bankruptcies & soaring unemployment with Berlin poised to extend Covid-19 lockdown – experts

Posted on January 5, 2021January 5, 2021By Editor

The likely extension of Germany’s national lockdown will reportedly have a major negative impact on the country’s economy, turning 2021 into a year of economic frustration. … Read More >Germany to face wave of bankruptcies & soaring unemployment with Berlin poised to extend Covid-19 lockdown – experts

Business

Oil rises to multi-month highs as OPEC+ likely to follow current production policy

Posted on January 5, 2021January 5, 2021By Editor

Oil prices reached the highest levels in nearly a year on expectations that OPEC and allied producers led by Russia may keep the production quota in February unchanged amid weak oil demand caused by the global pandemic crisis. … Read More >Oil rises to multi-month highs as OPEC+ likely to follow current production policy

Business

Russian stock market at all-time high as ruble shows stable growth

Posted on January 5, 2021By Editor

The Moscow stock exchange (MOEX) index reached a new all-time high on Monday, as Russia’s national currency, the ruble, opened the first trading day of 2021 with an upward move, triggered by rising oil prices. … Read More >Russian stock market at all-time high as ruble shows stable growth

Business

Norwegian company turns its back on Nord Stream 2 under threat of US sanctions

Posted on January 4, 2021January 4, 2021By Editor

Spooked by the US’ latest punitive measures, a Norwegian Nord Stream 2 contractor has refused to support the Gazprom-led gas pipeline project after eight years of close cooperation with Russian energy giant. … Read More >Norwegian company turns its back on Nord Stream 2 under threat of US sanctions

Business

How gold, silver and platinum are used in the battle against Covid-19

Posted on January 4, 2021January 4, 2021By Editor

As Covid-19 spread across the globe last spring, investors rushed to precious metals as a financial safe haven. Gold rose to over $2,000 by early August, up more than 30 percent from the start of the year. … Read More >How gold, silver and platinum are used in the battle against Covid-19

Business

De-dollarization in overdrive: Russia & China boost settlements in national currencies to 25%

Posted on January 4, 2021January 4, 2021By Editor

Moscow and Beijing have ramped up the share of settlements in national currencies to 25 percent this year against a modest two percent recorded seven years ago, according to the Russian Ambassador to China Andrey Denisov. … Read More >De-dollarization in overdrive: Russia & China boost settlements in national currencies to 25%

Business

British experts call for wealth tax as elite 1% owns quarter of UK wealth

Posted on January 4, 2021January 4, 2021By Editor

Nearly a quarter of household wealth in the UK belongs to the richest one percent of the country’s population, according to the latest research by Resolution Foundation, which has sounded the alarm over growing inequality. … Read More >British experts call for wealth tax as elite 1% owns quarter of UK wealth

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