Economy – Page 76 – THE OVAL CIRCLE

Russia

New statistics reveal that number of Russians living below poverty line jumped by 400k during Covid pandemic to 19.6 million

Posted on February 1, 2021February 1, 2021By Editor

After a year marred by Covid-19, increased living costs, and a sharp rise in unemployment, newly published data reveals that 13.3 percent of Russians lived below the subsistence minimum during the first three quarters of 2020. … Read More >New statistics reveal that number of Russians living below poverty line jumped by 400k during Covid pandemic to 19.6 million

Russia to slash oil exports to curb rising domestic fuel prices – report

Posted on January 30, 2021January 30, 2021By Editor

The world’s second-biggest oil exporter, Russia, is planning to cut overseas shipments of its seaborne crude from the country’s western ports next month, to curb a record surge in domestic fuel prices. … Read More >Russia to slash oil exports to curb rising domestic fuel prices – report

Can US & EU break up Big Tech? RT’s Boom Bust looks at attempts to curb Silicon Valley’s power

Posted on January 28, 2021January 28, 2021By Editor

As concerns rise about the clout of the likes of Google and Facebook, more and more states are increasing pressure on tech giants. RT’s Boom Bust breaks down how governments are trying to bring the sector under control. … Read More >Can US & EU break up Big Tech? RT’s Boom Bust looks at attempts to curb Silicon Valley’s power

China’s century: Yuan to dethrone US dollar as major global currency, trend forecaster tells Max Keiser

Posted on January 24, 2021January 24, 2021By Editor

China has become the only major economy left standing after the coronavirus pandemic rattled global trade and is set to strip the US of its leading positions soon, Gerald Celente, publisher of The Trends Journal, believes. … Read More >China’s century: Yuan to dethrone US dollar as major global currency, trend forecaster tells Max Keiser

EU

Eurozone business activity slows as stricter lockdowns take heavy toll on service sector

Posted on January 23, 2021By Editor

Business activity in the eurozone fell to a two-month low in January, preliminary data revealed on Friday shows, as tougher coronavirus-related lockdowns come into effect to stop the spread of new Covid-19 strains. … Read More >Eurozone business activity slows as stricter lockdowns take heavy toll on service sector

Russia slashes its foreign debt by $21.3 billion in 2020

Posted on January 23, 2021January 23, 2021By Editor

Russia’s foreign debt dropped $21.3 billion and totaled $470.1 billion as of January 1, according to the latest data revealed by the central bank. … Read More >Russia slashes its foreign debt by $21.3 billion in 2020

Bolivian Socialist Gov’t Restoring Economy as Opposition Continues Political Fight, Journo Says

Posted on January 17, 2021January 31, 2021By Editor

Following the win of Evo Morales’ former minister of economy, Luis Arce, in Bolivia’s October elections, the country’s economy has grown, says Bolivian journalist and political analyst Aberto Echazu, adding that the Bolivian opposition has not laid down arms. … Read More >Bolivian Socialist Gov’t Restoring Economy as Opposition Continues Political Fight, Journo Says

Venezuela Reportedly Mulls Letting Private Firms Operate State Oilfields Amid Stifling US Sanctions

Posted on January 17, 2021January 17, 2021By Editor

Venezuela, which boasts the largest proven oil reserves on the planet, has been mired in an economic crisis as it struggles with challenges driven by the collapse in crude production driven by the coronavirus pandemic, as well as crippling US sanctions. … Read More >Venezuela Reportedly Mulls Letting Private Firms Operate State Oilfields Amid Stifling US Sanctions

Thailand to introduce tourism tax for every visitor, advised to legalize gambling to help stop the spread of Covid-19

Posted on January 16, 2021January 16, 2021By Editor

Tourist traffic to Thailand has plummeted during the Covid-19 pandemic. Now the kingdom is introducing a visitor tax to help pay Covid-19 costs and is being urged to legalize gambling to stop its spread in underground. … Read More >Thailand to introduce tourism tax for every visitor, advised to legalize gambling to help stop the spread of Covid-19

Japan extends emergency Covid-19 support to 60% of economy as country battles surging cases

Posted on January 15, 2021January 15, 2021By Editor

Japanese Prime Minister Yoshihide Suga has informed his Covid-19 task force that the government will add seven more districts to the current state of emergency, expanding support to them as they tackle a rise in cases. … Read More >Japan extends emergency Covid-19 support to 60% of economy as country battles surging cases