Business – Page 187 – THE OVAL CIRCLE

US oil production to fall more than expected this year

Posted on August 15, 2020August 15, 2020By Editor

US crude oil production will drop by an average of 990,000 barrels per day, according to the Energy Information Administration, for an average of 11.26 million bpd. … Read More >US oil production to fall more than expected this year

Business

US weekly jobless claims fall below 1 million for first time since mid-March

Posted on August 15, 2020August 15, 2020By Editor

The US Labor Department said on Thursday that another 963,000 Americans filed for first-time unemployment benefits last week on a seasonally adjusted basis. It’s the first time in five months that the number is below a million. … Read More >US weekly jobless claims fall below 1 million for first time since mid-March

Business

Chinese rail speeding towards exciting future by doubling network length within 15 years & introducing 600kph maglev trains

Posted on August 15, 2020August 15, 2020By Editor

China has unveiled ambitious plans to boost its railway industry over the next 15 years. Part of the vision are maglev lines that can ferry commuters at 600kph, with a prototype train recently approved for trials. … Read More >Chinese rail speeding towards exciting future by doubling network length within 15 years & introducing 600kph maglev trains

Business

Make no mistake, fundamentals for gold are ‘most bullish in history’ – Peter Schiff

Posted on August 15, 2020August 15, 2020By Editor

The price of gold dropped below the $2,000 level this week, in its worst single-day rout in seven years. That’s typical for a bull market, where the biggest daily moves tend to be down, says veteran stockbroker Peter Schiff. … Read More >Make no mistake, fundamentals for gold are ‘most bullish in history’ – Peter Schiff

Business

Huawei named China’s MOST VALUABLE brand

Posted on August 12, 2020August 12, 2020By Editor

A list released by Brand Alliance revealed that tech giant Huawei has become China’s most valuable brand, worth some 815.1 billion yuan ($117 billion). The total value of the top 20 Chinese brands reached 6.12 trillion yuan. … Read More >Huawei named China’s MOST VALUABLE brand

Business

Gold on its way to $4,000 but coronavirus vaccine & US election could change that course – analysts

Posted on August 12, 2020August 12, 2020By Editor

The price of gold has surged to levels not seen since September 2011 due to investors running to safe haven assets amid global uncertainty. It has passed the $2,000 mark for the first time and could grow further, analysts say. … Read More >Gold on its way to $4,000 but coronavirus vaccine & US election could change that course – analysts

Business

Coronavirus pandemic could be twice as bad for global economy as WORLD WAR – McKinsey

Posted on August 11, 2020August 11, 2020By Editor

Production disruptions caused by the Covid-19 outbreak could cost the global economy twice as much as a hypothetical global military conflict, recent research by the McKinsey Global Institute shows. … Read More >Coronavirus pandemic could be twice as bad for global economy as WORLD WAR – McKinsey

Business

Apple sales in China could crash if Trump bans WeChat

Posted on August 11, 2020August 11, 2020By Editor

A US ban of popular Chinese messaging app WeChat may have devastating consequences for Apple, plunging the iPhone maker’s sales in one of its most lucrative markets and worldwide shipments. … Read More >Apple sales in China could crash if Trump bans WeChat

Business

TikTok to SUE Trump over ‘unconstitutional’ ban as Twitter joins battle for its US assets & users – reports

Posted on August 10, 2020August 10, 2020By Editor

Twitter has reportedly joined the race for TikTok’s juicy assets, while its Chinese owner seeks to sue the Trump administration, claiming that the move to force it out of the US market is based purely on anti-China scaremongering. … Read More >TikTok to SUE Trump over ‘unconstitutional’ ban as Twitter joins battle for its US assets & users – reports

Business

Nearly 1.5 million tourists flock to Crimea after Russia eases coronavirus restrictions

Posted on August 10, 2020By Editor

Russia’s Crimea welcomed about 1.5 million tourists last month and expects to receive even more visitors in August amid the rush for post-lockdown seaside vacations. … Read More >Nearly 1.5 million tourists flock to Crimea after Russia eases coronavirus restrictions

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