Business – Page 156 – THE OVAL CIRCLE

Time for record global oil demand may have already passed, Russia says

Posted on December 7, 2020December 7, 2020By Editor

Days of peak oil consumption might be over for the global economy and the trend may impact Russia’s budget revenues, the country’s Deputy Finance Minister Vladimir Kolychev has warned. … Read More >Time for record global oil demand may have already passed, Russia says

British index provider to drop eight Chinese corporations after US blacklisting

Posted on December 6, 2020December 6, 2020By Editor

FTSE Russell, an arm of the London Stock Exchange, announced plans to delete shares of eight Chinese firms from certain products shortly after Washington added them to a blacklist of companies with alleged Chinese military ties. … Read More >British index provider to drop eight Chinese corporations after US blacklisting

Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows

Posted on December 6, 2020December 6, 2020By Editor

Russian lawmakers initiated denouncing a tax agreement with the Netherlands. The deal was designed to avoid double taxation, but so far negotiations have come to a deadlock. … Read More >Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows

Coronavirus will drive global debt to $200 TRILLION by end of 2020, S&P projects

Posted on December 6, 2020December 6, 2020By Editor

The world’s appetite for borrowing is growing with global debt expected to reach the next milestone of $200 trillion as early as this year, according to ratings agency S&P Global. … Read More >Coronavirus will drive global debt to $200 TRILLION by end of 2020, S&P projects

Smaller Russian oil corporations oust energy giants from top of WWF environmental rating

Posted on December 6, 2020December 6, 2020By Editor

Russia’s oil and gas companies have demonstrated distinctly higher transparency of ecological information, with minor firms taking lead positions in the annual ranking by the World Wildlife Fund Russia and energy consultant Creon. … Read More >Smaller Russian oil corporations oust energy giants from top of WWF environmental rating

Saudi oil exports to US slump to 35-year low

Posted on December 6, 2020December 6, 2020By Editor

Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd. … Read More >Saudi oil exports to US slump to 35-year low

China turns on nuclear-powered ‘artificial sun’, TEN TIMES hotter than the real thing

Posted on December 5, 2020December 5, 2020By Editor

Beijing has successfully powered up its “artificial sun” nuclear fusion reactor for the first time, China’s People’s Daily reported on Friday. It’s designed to be a clean energy source, similar to the real Sun. … Read More >China turns on nuclear-powered ‘artificial sun’, TEN TIMES hotter than the real thing

Germany hopes to reach deal with Biden on Russian Nord Stream 2 pipeline project

Posted on December 5, 2020December 5, 2020By Editor

German Foreign Minister Heiko Maas expects the longstanding issue of the Russian gas pipeline project, Nord Stream 2, to be settled after Joe Biden takes office as US president. … Read More >Germany hopes to reach deal with Biden on Russian Nord Stream 2 pipeline project

US Dollar slide expected to continue into next year on risky bets & stimulus speculation

Posted on December 5, 2020December 5, 2020By Editor

The US currency’s downward trend is likely to last at least another six months as investors continue to shift to risky assets and higher returns, a Reuters poll of currency strategists found. … Read More >US Dollar slide expected to continue into next year on risky bets & stimulus speculation

Germany may have found loophole to dodge US sanctions against Russia’s Nord Stream 2 gas pipeline – report

Posted on December 4, 2020December 4, 2020By Editor

Germany may create a special fund to bypass restrictions imposed by the US government on the Russian-led gas pipeline project Nord Stream 2, Bild tabloid has reported, quoting unnamed sources. … Read More >Germany may have found loophole to dodge US sanctions against Russia’s Nord Stream 2 gas pipeline – report