Economy – Page 77 – THE OVAL CIRCLE

China soon to rival NY & London as world’s financial center – Ray Dalio

Posted on January 14, 2021January 14, 2021By Editor

It is only a matter of time before China’s financial system becomes a contender for Wall Street and the City of London’s supremacy, according to the founder of investment firm Bridgewater Associates, Ray Dalio. … Read More >China soon to rival NY & London as world’s financial center – Ray Dalio

Business

Why doesn’t Facebook just buy your data if it’s so valuable? RT’s Boom Bust digs into WhatsApp privacy controversy

Posted on January 10, 2021January 10, 2021By Editor

The recent changes to WhatsApp’s privacy policy, requiring users to share their data with owner Facebook or leave the platform altogether, have drawn the ire of many users, and even fellow tech entrepreneurs. … Read More >Why doesn’t Facebook just buy your data if it’s so valuable? RT’s Boom Bust digs into WhatsApp privacy controversy

Russia

Is Russia really in decline? Western pundits still insist country on brink despite repeated predictions of apocalypse falling flat

Posted on January 10, 2021January 10, 2021By Editor

The chorus of doom mongering Western experts and media commentators has failed to send Russians scrambling to buy tinned goods or trading cash for precious metals, as their gloomy predictions again failed to come to pass in 2020. … Read More >Is Russia really in decline? Western pundits still insist country on brink despite repeated predictions of apocalypse falling flat

Asia & Pacific

North Korea’s Kim admits economic failure at party congress, blames ‘a series of the worst of worst unprecedented crises’

Posted on January 7, 2021January 7, 2021By Editor

Speaking at the ruling party’s first congress since 2016, Kim Jong-un says his economic development plan fell “greatly short” of its goals, as North Korea struggled with natural disasters, sanctions, and the Covid-19 pandemic. … Read More >North Korea’s Kim admits economic failure at party congress, blames ‘a series of the worst of worst unprecedented crises’

Business

Germany to face wave of bankruptcies & soaring unemployment with Berlin poised to extend Covid-19 lockdown – experts

Posted on January 5, 2021January 5, 2021By Editor

The likely extension of Germany’s national lockdown will reportedly have a major negative impact on the country’s economy, turning 2021 into a year of economic frustration. … Read More >Germany to face wave of bankruptcies & soaring unemployment with Berlin poised to extend Covid-19 lockdown – experts

Business

British experts call for wealth tax as elite 1% owns quarter of UK wealth

Posted on January 4, 2021January 4, 2021By Editor

Nearly a quarter of household wealth in the UK belongs to the richest one percent of the country’s population, according to the latest research by Resolution Foundation, which has sounded the alarm over growing inequality. … Read More >British experts call for wealth tax as elite 1% owns quarter of UK wealth

Russia

So long, 2020: Another year passes & despite Western predictions, warnings & wishful thinking, Russia fails to collapse… again

Posted on January 1, 2021January 1, 2021By Editor

Russia is often portrayed as a giant with feet of clay. If pushed hard enough, the assumption is that it will collapse. Yet, the experience of 2020 suggests that its foundations are stronger than many people imagine. … Read More >So long, 2020: Another year passes & despite Western predictions, warnings & wishful thinking, Russia fails to collapse… again

Shows

CrossTalk, QUARANTINE EDITION: 2020 year in review

Posted on December 30, 2020December 30, 2020By Editor

It will be very difficult to forget the year that is about to end. Indeed, during 2020 change was the norm, and normality illusive. Many have reflected on what has been lost. But maybe the focus should be on what may never return? … Read More >CrossTalk, QUARANTINE EDITION: 2020 year in review

USA

While giving Americans $600, Congress sets aside $600 MILLION to fight Russia & China

Posted on December 29, 2020December 29, 2020By Editor

The omnibus spending bill US President Donald Trump eventually agreed to sign gives Americans a pittance, but over $600 million to “counter the influence” of Russia and China and “promote democracy” in Europe and Asia. … Read More >While giving Americans $600, Congress sets aside $600 MILLION to fight Russia & China

Business

Australia’s economy may NEVER return to previous growth due to trade row with China – report

Posted on December 29, 2020December 29, 2020By Editor

Research firm Capital Economics said that Australia’s economy has been badly hit by escalating trade tensions with China, and it is possible that growth might “never return” to pre-virus levels even when the pandemic is over. … Read More >Australia’s economy may NEVER return to previous growth due to trade row with China – report

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