Economy – Page 78 – THE OVAL CIRCLE

As official data warns of rising poverty levels, Russia’s Black Friday spending DOUBLES compared to 2019

Posted on November 29, 2020November 29, 2020By Editor

Despite government numbers indicating rising levels of poverty and an increasing amount of people struggling to make ends meet, Russians spent twice as much on this year’s Black Friday as they did in 2019. … Read More >As official data warns of rising poverty levels, Russia’s Black Friday spending DOUBLES compared to 2019

Russia

Covid-19-driven recession may see Russian economy contract by 4.5% & a million plunged into poverty, says finance guru Kudrin

Posted on November 29, 2020November 29, 2020By Editor

The economic consequences of Covid-19 are becoming clearer, and they aren’t good. The number of Russians in poverty is projected to grow by about a million by the end of 2020, with the overall economy due to fall as much as 4.5%. … Read More >Covid-19-driven recession may see Russian economy contract by 4.5% & a million plunged into poverty, says finance guru Kudrin

Middle East

Iran Extracts 400,000 Barrels Per Day From Joint Azadegan Oilfield, Report Says

Posted on November 27, 2020November 27, 2020By Editor

Minister of Petroleum Bijan Zangeneh said that Iran extracts 400,000 barrels of oil per day (bpd) from the Azadegan joint oilfield, media reported on Thursday. … Read More >Iran Extracts 400,000 Barrels Per Day From Joint Azadegan Oilfield, Report Says

Business

China’s digital economy exceeds $5 TRILLION in 2019

Posted on November 26, 2020November 26, 2020By Editor

A new report by the Chinese Academy of Cyberspace Studies showed the nation’s digital economy reached 35.8 trillion yuan ($5.45 trillion) last year, accounting for 36.2 percent of the country’s total GDP. … Read More >China’s digital economy exceeds $5 TRILLION in 2019

Business

Fed’s Covid cure far more harmful to US economy than the disease – Peter Schiff

Posted on November 26, 2020November 26, 2020By Editor

The coronavirus pandemic isn’t making the US economy sick, but all of the Federal Reserve’s stimulus and money printing does, says economist Peter Schiff. And a Covid-19 vaccine isn’t going to make it well, he adds. … Read More >Fed’s Covid cure far more harmful to US economy than the disease – Peter Schiff

Asia & Pacific

Bangkok protesters demand king cedes control of royal fortune as Thailand revives law banning criticism of monarchy (VIDEOS)

Posted on November 25, 2020November 25, 2020By Editor

Thousands of pro-democracy demonstrators staged another round of protests on the streets of Bangkok on Wednesday after the revival of Thailand’s “lèse-majesté” law, which bans criticism of the royal family. … Read More >Bangkok protesters demand king cedes control of royal fortune as Thailand revives law banning criticism of monarchy (VIDEOS)

Middle East

Iran’s supreme leader says trying to lift sanctions through talks ‘was fruitless’

Posted on November 25, 2020November 25, 2020By Editor

Supreme Leader of Iran Ayatollah Ali Khamenei has dismissed the “path of negotiations” with Western states to lift sanctions. However, the government in Tehran says foreign companies are already preparing to return to the country. … Read More >Iran’s supreme leader says trying to lift sanctions through talks ‘was fruitless’

Mayors of Budapest & Warsaw revolt against Hungarian & Polish govts, ask EU to send money directly to them

Posted on November 25, 2020November 25, 2020By Editor

The governments of Hungary and Poland have been blasted for derailing the EU budget and Covid-19 recovery fund by the mayors of Budapest and Warsaw, who wrote to Brussels urging it to work directly with regional authorities. … Read More >Mayors of Budapest & Warsaw revolt against Hungarian & Polish govts, ask EU to send money directly to them

Business

China declares victory over absolute poverty nationwide, lifting 99 MILLION people from penury since 2012

Posted on November 24, 2020November 24, 2020By Editor

The last nine impoverished counties in China’s southwestern province of Guizhou were removed from the country’s poverty list on Monday. The nation has thus ended absolute poverty one month before its self-imposed deadline. … Read More >China declares victory over absolute poverty nationwide, lifting 99 MILLION people from penury since 2012

Business

Eurozone economy plunges back into severe decline after new coronavirus lockdowns

Posted on November 24, 2020November 24, 2020By Editor

The euro area is on a path for another economic contraction, as key indicators for the eurozone economy plunged to a six-month low in November, amid renewed government efforts to contain the spread of Covid-19. … Read More >Eurozone economy plunges back into severe decline after new coronavirus lockdowns

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