Business – Page 192 – THE OVAL CIRCLE

Russia beating United States in battle for China’s huge energy market

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

Some 396,000 tons of Russian liquefied natural gas (LNG) were exported to China in June, according to a Bloomberg report citing data from China’s General Administration of Customs. … Read More >Russia beating United States in battle for China’s huge energy market

Top British bank HSBC denies ‘setting up trap’ for China’s Huawei in US investigations

Posted on July 27, 2020July 27, 2020By Editor

London-headquartered multinational bank HSBC took to social media to say it was not, as Chinese media claimed, “fabricating evidence” against Huawei, which led to the arrest of the company’s chief financial officer in Canada. … Read More >Top British bank HSBC denies ‘setting up trap’ for China’s Huawei in US investigations

Domo arigato, Mr. Roboto! Russia may introduce new income tax… on ROBOTS

Posted on July 27, 2020July 27, 2020By Editor

In an era when machines may leave millions of people without jobs, Russia is reportedly exploring the possibility of collecting taxes from robots, making the payments equal to income taxes paid by human employees. … Read More >Domo arigato, Mr. Roboto! Russia may introduce new income tax… on ROBOTS

Europe’s economy on path to outshine US after coronavirus crisis is over – report

Posted on July 27, 2020July 27, 2020By Editor

Europe is set to do better than the US not only in handling the Covid-19 outbreak, with a strikingly lower number of infections, but also when it comes to dealing with the economic fallout of the pandemic, bankers say. … Read More >Europe’s economy on path to outshine US after coronavirus crisis is over – report

‘Very serious threats’: US reportedly ramps up pressure on Nord Stream 2 contractors

Posted on July 27, 2020July 27, 2020By Editor

The US government has made further attempts to force European firms to ditch the Russian-led Nord Stream 2 gas pipeline project, Welt am Sonntag reported, citing people familiar with talks on the issue. … Read More >‘Very serious threats’: US reportedly ramps up pressure on Nord Stream 2 contractors

US resumes funding for rare earth miners amid deteriorating relations with China – report

Posted on July 27, 2020July 27, 2020By Editor

The Pentagon has reportedly decided to resume sponsoring two rare earth mineral processing projects, to cut US dependence on the top global supplier of the vital materials, China, as tensions soar between the two nations. … Read More >US resumes funding for rare earth miners amid deteriorating relations with China – report

India’s Reliance beats US giant Exxon to become world’s second-most valuable energy firm

Posted on July 27, 2020July 27, 2020By Editor

Reliance Industries, controlled by billionaire businessman Mukesh Ambani, has outpaced other energy majors to become the second-largest energy company in terms of market capitalization, after Saudi Arabia’s oil behemoth Aramco. … Read More >India’s Reliance beats US giant Exxon to become world’s second-most valuable energy firm

Russia’s Nord Stream 2 pipeline will significantly cut gas prices in Europe, energy consultancy says

Posted on July 27, 2020July 27, 2020By Editor

European consumers will benefit from lower gas prices if the underwater pipeline from Russia to Germany, the Nord Stream 2, is completed, energy consultancy Wood Mackenzie said as the US is up in arms trying to stop the project. … Read More >Russia’s Nord Stream 2 pipeline will significantly cut gas prices in Europe, energy consultancy says

Venezuela to challenge UK’s ruling that denies access to its gold stored in Bank of England vaults

Posted on July 26, 2020July 26, 2020By Editor

Caracas has won the right to file a court appeal on the decision of the English High Court, which blocked the Maduro government from getting back $1 billion in gold held by the Bank of England. … Read More >Venezuela to challenge UK’s ruling that denies access to its gold stored in Bank of England vaults

Chevron prompts eye-rolls after reportedly framing layoffs as good news for anyone who isn’t a white male

Posted on July 26, 2020July 26, 2020By Editor

Firing employees is usually nothing to brag about, but Chevron has reportedly branded its belt-tightening layoffs as a way to increase the number of senior-level positions held by women and ethnic minorities. … Read More >Chevron prompts eye-rolls after reportedly framing layoffs as good news for anyone who isn’t a white male