Business – Page 203 – THE OVAL CIRCLE

Huawei overtakes Samsung as top global smartphone maker – report

Posted on June 16, 2020June 16, 2020By Editor

Despite US efforts to pressure Huawei, the Chinese tech giant has reportedly clinched the title of the world’s largest smartphone manufacturer in April, surpassing long-time leader Samsung. … Read More >Huawei overtakes Samsung as top global smartphone maker – report

Dow plunges 600 points amid fears over potential second wave of Covid-19

Posted on June 16, 2020June 16, 2020By Editor

The US stock market took a dive on Monday, following the pattern of Asian and European stocks, as concerns mount over new coronavirus outbreaks in the United States and China. … Read More >Dow plunges 600 points amid fears over potential second wave of Covid-19

London’s second-busiest airport may not return to pre-coronavirus passenger levels until 2024

Posted on June 16, 2020June 16, 2020By Editor

London’s Gatwick Airport expects it may take four years for flight demand to recover, as the Covid-19 pandemic has severely crippled passenger flows and airlines are pulling their fleets out of the city’s second-largest air hub. … Read More >London’s second-busiest airport may not return to pre-coronavirus passenger levels until 2024

The end of US shale as we know it is probably inevitable, energy market analyst tells Boom Bust

Posted on June 14, 2020June 14, 2020By Editor

The return of the US shale boom is very unlikely as most companies operating in the industry are set to face bankruptcies due to rising capital costs, Rick Rule, CEO of Sprott US Holdings, told RT’s Boom Bust. … Read More >The end of US shale as we know it is probably inevitable, energy market analyst tells Boom Bust

China allows American Express to tap into its lucrative market despite rising tensions with US

Posted on June 14, 2020June 14, 2020By Editor

American Express has become the first foreign company to be allowed to process yuan transactions in China as it received final approval to start operating a bank card clearing network in the country. … Read More >China allows American Express to tap into its lucrative market despite rising tensions with US

Amazon under investigation in 2 US states for unfair treatment of 3rd-party sellers – reports

Posted on June 14, 2020June 14, 2020By Editor

One of the most valuable US tech companies, Amazon, is facing scrutiny in both California and Washington as state investigators are reportedly looking into its business practices, according to media reports. … Read More >Amazon under investigation in 2 US states for unfair treatment of 3rd-party sellers – reports

Daewoo to build two LNG tankers for Russian energy giant Novatek

Posted on June 13, 2020June 13, 2020By Editor

South Korea’s shipyard Daewoo Shipbuilding & Marine Engineering (DSME) has received an order from Russian gas producer Novatek for the construction of two LNG tankers to operate in Kamchatka and Murmansk. … Read More >Daewoo to build two LNG tankers for Russian energy giant Novatek

Russia’s diamond producer sees recovery this year for pandemic-hit sales

Posted on June 13, 2020June 13, 2020By Editor

The global leader in diamond mining, Russia’s ALROSA, expects sales of its gems to reach 25 million carats in 2020, according to the company’s Deputy General Director, Alexey Filippovsky. … Read More >Russia’s diamond producer sees recovery this year for pandemic-hit sales

US national debt hits $26 TRILLION, soaring by $1 trillion just in one month

Posted on June 12, 2020June 12, 2020By Editor

The latest data from the Treasury Department shows that the US gross national debt has exceeded $26 trillion for the first time, as the nation grapples with economic relief from the Covid-19 pandemic. … Read More >US national debt hits $26 TRILLION, soaring by $1 trillion just in one month

US weekly jobless claims climbing higher, with millions still unemployed

Posted on June 12, 2020June 12, 2020By Editor

An additional 1.54 million Americans have filed for unemployment benefits in the week ending June 6, according to a report published by the US Labor Department on Thursday. … Read More >US weekly jobless claims climbing higher, with millions still unemployed