July 2021 – Page 48 – THE OVAL CIRCLE

Chinese yuan’s share of global currency reserves hits new high

Posted on July 3, 2021July 3, 2021By Editor

The share of Chinese currency held by global central banks reached a new high of 2.45% in the first quarter of 2021, the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey states. … Read More >Chinese yuan’s share of global currency reserves hits new high

US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Posted on July 3, 2021July 3, 2021By Editor

The share of the US dollar held by global central banks totaled 59.5% from January through March, up from 58.9% recorded in the previous quarter, according to data revealed by the International Monetary Fund (IMF). … Read More >US dollar grabs bigger share in global currency reserves, but broader trend indicates shift away from greenback

Inflation hurts American working class as Fed prints money like it’s going out of style – RT’s Keiser Report

Posted on July 3, 2021July 3, 2021By Editor

RT’s Keiser Report looks at the US’ quantitative easing measures, which were initially sold to Americans as a temporary emergency measure after the 2008 financial crisis, but have since become permanent. … Read More >Inflation hurts American working class as Fed prints money like it’s going out of style – RT’s Keiser Report

Russia’s economic growth speeds up to nearly 11% in May

Posted on July 3, 2021July 3, 2021By Editor

Russia’s gross domestic product (GDP) saw a year-on-year growth of 10.9% in May as the country gradually recovers from the Covid-19 pandemic, the economy ministry announced on Thursday. … Read More >Russia’s economic growth speeds up to nearly 11% in May

Google faces legal action in Russia over breaching personal data law

Posted on July 3, 2021July 3, 2021By Editor

Russian communications watchdog Roskomnadzor has opened an administrative case against Google, after the US tech giant failed to comply with a law obliging foreign companies to keep all data on Russian users on Russian territory. … Read More >Google faces legal action in Russia over breaching personal data law

Russia in final stage of negotiations with Egypt to build industrial park in Port Said

Posted on July 3, 2021July 3, 2021By Editor

Cairo and Moscow are planning to hold discussions on the construction of a Russian industrial zone in the Mediterranean city of Port Said, according to Egyptian Trade and Industry Minister Neveen Gamea. … Read More >Russia in final stage of negotiations with Egypt to build industrial park in Port Said

Russia’s agricultural growth will curb rising domestic food prices – Putin

Posted on July 3, 2021July 3, 2021By Editor

Russian President Vladimir Putin says this year’s harvest will help to lower food prices in the country. He explained that prices have risen due to a shortage of domestic produce and high dependence on imports. … Read More >Russia’s agricultural growth will curb rising domestic food prices – Putin

Russia

Hell on the Road of Bones: Wildfires in Russia’s Far East engulf highway known worldwide for danger & extremely cold temperatures

Posted on July 3, 2021By Editor

The notorious Road of Bones in Russia’s Far East has been cut off by hellish wildfires as forests lining the famous and dangerous route burn in the summer heat. Approximately 40 kilometers of the highway are inaccessible. … Read More >Hell on the Road of Bones: Wildfires in Russia’s Far East engulf highway known worldwide for danger & extremely cold temperatures

Russia

Global warming is hitting Russia faster than most countries & government must be prepared for serious consequences, says Putin

Posted on July 3, 2021July 3, 2021By Editor

Russia needs to be completely prepared for serious social and economic consequences caused by global warming, because around 70% of the country’s land is vulnerable permafrost, President Vladimir Putin said on Wednesday. … Read More >Global warming is hitting Russia faster than most countries & government must be prepared for serious consequences, says Putin

Russia

Putin & Biden had productive meeting but any improvement in Russo-American relations will take ‘number of months,’ says Kremlin

Posted on July 2, 2021July 2, 2021By Editor

Despite a successful meeting between Russian President Vladimir Putin and his American counterpart Joe Biden, relations between the two nations have not changed, and any progress will take many months, the Kremlin said on Tuesday. … Read More >Putin & Biden had productive meeting but any improvement in Russo-American relations will take ‘number of months,’ says Kremlin