Business – Page 205 – THE OVAL CIRCLE

US billionaires’ wealth soars by $565 BILLION during pandemic while millions lose jobs

Posted on June 5, 2020June 5, 2020By Editor

More than 42 million people in the US have filed for unemployment since the start of the Covid-19 crisis. Data shows that, over those same 11 weeks, the nation’s billionaire wealth has risen by more than half a trillion dollars. … Read More >US billionaires’ wealth soars by $565 BILLION during pandemic while millions lose jobs

Forcing Chinese firms off American stock markets will backfire on US, Beijing warns

Posted on June 5, 2020June 5, 2020By Editor

As tensions between the world’s two biggest economies seep into the financial markets, Beijing has warned that pressure from Washington on its companies would severely harm the US economy. … Read More >Forcing Chinese firms off American stock markets will backfire on US, Beijing warns

China’s digital yuan could replace bitcoin & end US dollar hegemony

Posted on June 3, 2020June 3, 2020By Editor

The Chinese sovereign digital currency, which may be offered to the public next year, is projected to replace paper money. Analysts say it may even shift the global balance of economic power. … Read More >China’s digital yuan could replace bitcoin & end US dollar hegemony

Russia reduces oil production in May close to OPEC+ target

Posted on June 3, 2020June 3, 2020By Editor

Oil and gas condensate production in Russia declined by 15 percent year-on-year in May to 39.7 million tons or 9.39 million barrels per day (bpd), according to Energy Ministry data. … Read More >Russia reduces oil production in May close to OPEC+ target

US Federal Reserve printing money for the few while hundreds of millions live on subsistence wages – RT’s Keiser Report

Posted on June 3, 2020June 3, 2020By Editor

As the Federal Reserve continues printing money, its chair, Jerome Powell, insists that the central bank’s policies will “absolutely not” lead to more income inequality. … Read More >US Federal Reserve printing money for the few while hundreds of millions live on subsistence wages – RT’s Keiser Report

China halts some American farm imports in growing rift with US over Hong Kong

Posted on June 3, 2020June 3, 2020By Editor

Chinese officials have reportedly ordered major agricultural companies to pause purchases of some US farm goods, including soybeans. The move comes amid heightened tensions with Washington over Hong Kong. … Read More >China halts some American farm imports in growing rift with US over Hong Kong

Saudi reserves plunge as kingdom struggles with Covid-19 pandemic & oil-market rout

Posted on June 3, 2020June 3, 2020By Editor

Saudi Arabia’s foreign reserves fell sharply in April, after it transferred 150 billion riyals ($40 billion) to the sovereign-wealth fund to provide investment opportunities amid the pandemic-triggered financial fallout. … Read More >Saudi reserves plunge as kingdom struggles with Covid-19 pandemic & oil-market rout

Major Russian lowcoster back in the skies after coronavirus grounding

Posted on June 1, 2020June 1, 2020By Editor

The Pobeda low-cost airline, a subsidiary of Russia’s largest carrier Aeroflot, will resume flights after a two-month interruption as Russia slowly eases restrictions intended to stop the spread of coronavirus. … Read More >Major Russian lowcoster back in the skies after coronavirus grounding

Coronavirus forces Americans to do something unheard of: Save money!

Posted on June 1, 2020June 1, 2020By Editor

The US personal savings rate, which shows how much of people’s income is left after they pay taxes and spend money, reached a historic 33 percent last month, as Covid-19 rattles the economy. … Read More >Coronavirus forces Americans to do something unheard of: Save money!

US may introduce new sanctions against Russia’s Nord Stream 2 as gas project approaches final stage

Posted on May 30, 2020May 30, 2020By Editor

American senators are reportedly seeking to impose additional sanctions on the Nord Stream 2 underwater pipeline, meant to deliver Russian gas to Germany, as previous attempts to stop the $10 billion project failed. … Read More >US may introduce new sanctions against Russia’s Nord Stream 2 as gas project approaches final stage