Economy – Page 70 – THE OVAL CIRCLE

Russian stock market shrugs off new US sanctions risks

Posted on April 18, 2021April 18, 2021By Editor

Key indices on the Moscow Exchange rebounded on Friday, just a day after the US unveiled new anti-Russian sanctions targeting the nation’s sovereign debt among other punitive measures. … Read More >Russian stock market shrugs off new US sanctions risks

Business

US facing enormous shortage of semiconductors & no government money could fix it, economist tells Boom Bust

Posted on April 17, 2021April 17, 2021By Editor

US President Joe Biden has signed an executive order aimed at addressing a global semiconductor chip shortage. His infrastructure plan also includes $50 billion for the American semiconductor industry. … Read More >US facing enormous shortage of semiconductors & no government money could fix it, economist tells Boom Bust

Latin America

Brazil’s top court confirms probe into Bolsonaro’s Covid-19 response as richest state warns of ‘imminent’ healthcare collapse

Posted on April 16, 2021April 16, 2021By Editor

Brazil’s Supreme Court upheld an earlier decision by one of its judges that its Senate should investigate the handling of Covid-19 pandemic by the federal government of Jair Bolsonaro amid a surge in cases across the country. … Read More >Brazil’s top court confirms probe into Bolsonaro’s Covid-19 response as richest state warns of ‘imminent’ healthcare collapse

Russia

Ukraine will be ‘irreparably weakened’ if Russia & Germany allowed to complete Nord Stream 2 gas pipeline, warns Kiev’s deputy PM

Posted on April 11, 2021April 11, 2021By Editor

Completing Nord Stream 2 will cost Kiev billions of dollars by ending Russia’s reliance on Ukraine for transporting gas, and therefore must be stopped, according to Aleksey Reznikov, the country’s deputy prime minister. … Read More >Ukraine will be ‘irreparably weakened’ if Russia & Germany allowed to complete Nord Stream 2 gas pipeline, warns Kiev’s deputy PM

Russia

European Union welcome in new Russian-backed ‘Great Eurasian Partnership’, Moscow says… if Brussels sees value in turning to East

Posted on April 8, 2021April 8, 2021By Editor

A new coalition of nations promoted by Russian President Vladimir Putin could run from Europe’s Atlantic coast to the Sea of Japan, after Moscow declared it would be open for any country across Eurasia that wants to participate. … Read More >European Union welcome in new Russian-backed ‘Great Eurasian Partnership’, Moscow says… if Brussels sees value in turning to East

Business

Russia may allocate extra metal profits to budget to stabilize prices – reports

Posted on April 8, 2021April 8, 2021By Editor

The Russian Ministry of Industry and Trade has proposed allocating extra money from domestic metals companies’ sales in order to stabilize prices for metal products used in construction, RBC business daily reported. … Read More >Russia may allocate extra metal profits to budget to stabilize prices – reports

Business

US is losing the energy tech war against China

Posted on April 7, 2021April 7, 2021By Editor

A new report from Bank of America has revealed that China vastly outspent the US in renewable energy technology while becoming a monopolist in much-needed rare-earth materials that are often required to build clean energy systems. … Read More >US is losing the energy tech war against China

Russia

US foreign policy undermining reliability of dollar, Russia warns, as Moscow contemplates new rival to Western payment systems

Posted on April 7, 2021April 7, 2021By Editor

A top Russian diplomat has warned that the US dollar is becoming an increasingly risky currency on which to base global financial transactions, because Washington is linking its currency more and more to its foreign policy aims. … Read More >US foreign policy undermining reliability of dollar, Russia warns, as Moscow contemplates new rival to Western payment systems

Business

EU response to Covid-19 pandemic has cost six million jobs, young workers worst affected

Posted on April 5, 2021April 5, 2021By Editor

The EU’s response to the Covid-19 pandemic has wiped out around six million jobs in the bloc, half of which were filled by young workers, the European Commission has said. … Read More >EU response to Covid-19 pandemic has cost six million jobs, young workers worst affected

‘No time to wait’: French economy minister lashes out at Germany for delaying approval of EU coronavirus relief plan

Posted on April 4, 2021April 4, 2021By Editor

France’s Minister for Economy, Finance and Recovery, Bruno Le Maire, has scolded Germany for delaying an EU Covid-19 aid package, after that country’s top court paused its ratification last week. … Read More >‘No time to wait’: French economy minister lashes out at Germany for delaying approval of EU coronavirus relief plan

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