Business – Page 191 – THE OVAL CIRCLE

China’s Huawei is now the world’s largest smartphone maker

Posted on July 31, 2020July 31, 2020By Editor

Huawei overtook Samsung and Apple in the second quarter of 2020 to become the biggest smartphone player in the world for the first time. … Read More >China’s Huawei is now the world’s largest smartphone maker

Business

WORST DROP EVER for US economy as GDP crashes 33% due to Covid pandemic lockdowns

Posted on July 31, 2020July 31, 2020By Editor

The Bureau of Economic Analysis said on Thursday that the coronavirus pandemic triggered the sharpest contraction of the US economy ever in the second quarter this year, causing a historic plunge in consumer and business activity. … Read More >WORST DROP EVER for US economy as GDP crashes 33% due to Covid pandemic lockdowns

Business

Chinese banks urged to switch from SWIFT to domestic financial network amid looming US sanctions over Hong Kong

Posted on July 30, 2020July 30, 2020By Editor

The Bank of China says the country should prepare for potential US sanctions by increasing use of its own financial messaging network for cross-border transactions on the mainland, Hong Kong and Macau. … Read More >Chinese banks urged to switch from SWIFT to domestic financial network amid looming US sanctions over Hong Kong

Business

Gold price could skyrocket to $3,500 in two years – analyst

Posted on July 29, 2020July 29, 2020By Editor

The price of gold hit a new all-time high this week on growing investor appetite for safe-haven assets. Experts project the epic run to continue, with gold to pass new milestone highs. … Read More >Gold price could skyrocket to $3,500 in two years – analyst

Business

Pakistan starts transit trade via new seaport connected to China’s Belt & Road

Posted on July 29, 2020July 29, 2020By Editor

Transit trade to Afghanistan through Pakistan’s strategic Gwadar seaport began on Sunday. The port is part of the ambitious $61 billion China Pakistan Economic Corridor (CPEC) project. … Read More >Pakistan starts transit trade via new seaport connected to China’s Belt & Road

Business

Fitch maintains China’s strong credit rating as economy stages ‘REMARKABLE’ coronavirus recovery

Posted on July 29, 2020July 29, 2020By Editor

Fitch Ratings has affirmed China’s long-term foreign-currency issuer default rating at ‘A+’ with a stable outlook, supported by the country’s robust external finances and track record of strong macroeconomic performance. … Read More >Fitch maintains China’s strong credit rating as economy stages ‘REMARKABLE’ coronavirus recovery

Business

China becomes largest importer of Russian meat

Posted on July 29, 2020July 29, 2020By Editor

Russia more than doubled its meat exports in the first six months of this year, RBC daily reports, citing data from the Russian Agricultural Bank. China has become the largest buyer of Russian meat, ahead of Ukraine, data showed. … Read More >China becomes largest importer of Russian meat

Business

Will Anglo-Australian Mining Firm be Made to Pay in UK Court for Devastating Dam Collapse in Brazil?

Posted on July 29, 2020By Editor

BHP is an Anglo-Australian company which mines iron ore, coal and copper in Latin America, the US and Australia. In November 2015 two dams co-owned by BHP and a Brazilian firm, collapsed and inundated large areas of Brazil with water and toxic mud. … Read More >Will Anglo-Australian Mining Firm be Made to Pay in UK Court for Devastating Dam Collapse in Brazil?

Business

GOLD SOARS to all-time high while DOLLAR DIVES amid escalating US-China row

Posted on July 28, 2020July 28, 2020By Editor

Gold surged to record highs on Monday as growing tensions between the US and China fired up investor appetite for safe-haven assets. It was also helped by aggressive monetary easing across the world due to the pandemic. … Read More >GOLD SOARS to all-time high while DOLLAR DIVES amid escalating US-China row

Business

UK economy won’t return to pre-Covid level until 2024

Posted on July 28, 2020July 28, 2020By Editor

Britain’s economic outlook for 2020 has been downgraded to an 11.5-percent contraction by leading economic forecaster EY ITEM Club. That’s worse than the eight-percent decline forecast by the EY in June. … Read More >UK economy won’t return to pre-Covid level until 2024

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