Economy – Page 78 – THE OVAL CIRCLE

Sales of Russian grain surge despite strict export limits due to pandemic crisis

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

The world’s number one grain exporter, Russia, has boosted year-on-year sales of its wheat abroad by as much as 20 percent, according to the latest report by the country’s agricultural watchdog. … Read More >Sales of Russian grain surge despite strict export limits due to pandemic crisis

Business

Russia’s Far East attracts over $17 BILLION in foreign investment

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

Foreign direct investment in the Russian Far East has grown significantly since 2013, according to Deputy Prime Minister Yuri Trutnev. Special economic zoning and concessions have stoked investor interest in the region. … Read More >Russia’s Far East attracts over $17 BILLION in foreign investment

Business

Brexit deal fails to provide UK financial sector with full access to EU markets – Boris Johnson

Posted on December 28, 2020December 28, 2020By Editor

A highly anticipated trade deal between the European Union and Britain “does not go as far as we would like” when it comes to access to EU markets for financial services, according to UK Prime Minister Boris Johnson. … Read More >Brexit deal fails to provide UK financial sector with full access to EU markets – Boris Johnson

Business

China’s demonstrating its economy is remarkable in today’s world – Professor Wolff

Posted on December 26, 2020December 26, 2020By Editor

RT’s Boom Bust explores the impact of the Covid-19 pandemic on multiple sectors. It also looks at China’s recent announcement that it has eliminated poverty nationwide, and how it managed to do it. … Read More >China’s demonstrating its economy is remarkable in today’s world – Professor Wolff

Business

Russia to invest more than $200 billion in fighting poverty

Posted on December 25, 2020December 25, 2020By Editor

The Russian government is to spend a total of 15.3 trillion rubles (nearly $207 billion) over five years to reduce poverty and boost citizens’ real incomes, the country’s Accounts Chamber has said in its latest report. … Read More >Russia to invest more than $200 billion in fighting poverty

Russia

The real Gerasimov Doctrine: Russian Army chief says Moscow won’t be drawn into arms race as Kremlin looks to cut defense costs

Posted on December 25, 2020December 25, 2020By Editor

The head of Russia’s General Staff has told foreign military attaches that Moscow has no intention of joining an arms race, and is much more interested in stabilizing the world and developing its defensive capabilities in peace. … Read More >The real Gerasimov Doctrine: Russian Army chief says Moscow won’t be drawn into arms race as Kremlin looks to cut defense costs

Business

Game over US, the world does not want your dollar anymore – Peter Schiff

Posted on December 25, 2020December 25, 2020By Editor

The dollar index broke below 90 last week for the first time since the spring of 2018. The growing weakness means a major decline is coming for the greenback in 2021, says veteran stockbroker Peter Schiff. … Read More >Game over US, the world does not want your dollar anymore – Peter Schiff

Business

China’s GDP to grow 7.9% next year to pre-pandemic level, says World Bank

Posted on December 25, 2020December 25, 2020By Editor

The growth of China’s gross domestic product (GDP) will accelerate to 7.9 percent next year from the two percent in 2020, according to a report by the World Bank published on Wednesday. … Read More >China’s GDP to grow 7.9% next year to pre-pandemic level, says World Bank

USA

That’s OUR money! Dozen US states go to Supreme Court fighting over who gets to tax residents stuck working from home

Posted on December 25, 2020December 25, 2020By Editor

New Jersey should tax its residents working from home, rather than New York where their offices sit empty, the state argued in a brief to the US Supreme Court, part of a broader battle over taxation sparked by Covid-19 lockdowns. … Read More >That’s OUR money! Dozen US states go to Supreme Court fighting over who gets to tax residents stuck working from home

Business

No matter how much money Americans get under stimulus bill, it’s not enough to deal with their financial problems – Prof. Wolff

Posted on December 25, 2020December 25, 2020By Editor

US lawmakers have finally agreed on a coronavirus relief package to help struggling businesses and workers, but President Donald Trump has criticized it, calling on the bill to give Americans larger stimulus checks. … Read More >No matter how much money Americans get under stimulus bill, it’s not enough to deal with their financial problems – Prof. Wolff