Economy – Page 82 – THE OVAL CIRCLE

European Union needs perpetual debt to survive – George Soros

Posted on December 2, 2020December 2, 2020By Editor

Objections by Poland and Hungary over an EU plan to deal with the economic crisis has put the bloc in a “very difficult situation” and raises doubts over its future, according to billionaire investor George Soros. … Read More >European Union needs perpetual debt to survive – George Soros

Shows

CrossTalk, Quarantine Edition: COVIDomics

Posted on December 2, 2020December 2, 2020By Editor

At this point no one knows when COVID will abate. However, it is undeniable that this health crisis has negatively impacted the economy. What does it mean to return to normal? Is that even possible? And will the divide between the rich and the poor continue to grow? … Read More >CrossTalk, Quarantine Edition: COVIDomics

Business

China’s economic activity continues to gain momentum amid strong recovery from Covid crisis

Posted on December 1, 2020December 1, 2020By Editor

China’s official manufacturing Purchasing Managers’ Index (PMI) has expanded for the ninth straight month to 52.1 in November. A reading above 50 on the index indicates expansion. … Read More >China’s economic activity continues to gain momentum amid strong recovery from Covid crisis

USA

US government miscounting & underpaying unemployment recipients, watchdog warns as Covid-19 benefits expire

Posted on December 1, 2020By Editor

The US Department of Labor is underpaying unemployment recipients and both over- and undercounting benefit recipients as they prepare to phase out Covid-19 aid programs, the General Accountability Office has claimed. … Read More >US government miscounting & underpaying unemployment recipients, watchdog warns as Covid-19 benefits expire

Business

Air passenger traffic won’t return to pre-pandemic levels until 2024 at earliest, IATA warns

Posted on November 30, 2020November 30, 2020By Editor

The Covid crisis has challenged the global airline industry to fight for survival in 2020, the International Air Transport Association (IATA) said this week. It added that the industry’s huge losses will continue into 2021. … Read More >Air passenger traffic won’t return to pre-pandemic levels until 2024 at earliest, IATA warns

Shows

The coming of a vaccine

Posted on November 30, 2020November 30, 2020By Editor

Jesse Ventura and Brigida Santos discuss groundbreaking vaccine technology. Later, financial expert and Boom Bust host Ben Swann joins the Governor to talk about the effect Covid-19 is having on the American economy. … Read More >The coming of a vaccine

Russia

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

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