Economy – Page 86 – THE OVAL CIRCLE

Over half of Europe’s smaller firms may be bankrupt within a year – McKinsey poll

Posted on October 26, 2020October 26, 2020By Editor

More than 50 percent of small and medium-sized businesses (SMEs) operating in Europe’s top-five economic powerhouses fear they will have to close in 12 months as they’re struggling to stay afloat amid the coronavirus crisis. … Read More >Over half of Europe’s smaller firms may be bankrupt within a year – McKinsey poll

Business

Chinese & Indian households getting richer during Covid pandemic while wealth in US declines – Credit Suisse

Posted on October 25, 2020October 25, 2020By Editor

A new report by Credit Suisse has found that the coronavirus pandemic has led to a decline in individual wealth worldwide. However, household wealth in China and India has bucked the trend. … Read More >Chinese & Indian households getting richer during Covid pandemic while wealth in US declines – Credit Suisse

Middle East

Hariri returns as Lebanon’s prime minister, pledges to stop country’s economic collapse

Posted on October 23, 2020October 23, 2020By Editor

Former Lebanese PM Saad Hariri has been tasked with forming a new government, a year after his cabinet was toppled amid mass protests, and months after his successor’s government resigned after a deadly explosion in Beirut port. … Read More >Hariri returns as Lebanon’s prime minister, pledges to stop country’s economic collapse

Cracking down on poor people’? UK govt reportedly wants to deter Universal Credit fraud by snooping on claimants’ bank accounts

Posted on October 23, 2020October 23, 2020By Editor

The UK government reportedly plans to monitor bank account data in order to ensure that people receiving unemployment benefits aren’t cheating the system, sparking furor as the country suffers from record unemployment. … Read More >Cracking down on poor people’? UK govt reportedly wants to deter Universal Credit fraud by snooping on claimants’ bank accounts

Business

Democratic elections sweep may be good for stock market in the short-run, but ‘the dollar is going to get KILLED’ – Peter Schiff

Posted on October 22, 2020October 22, 2020By Editor

As markets begin to handicap the US presidential race, they seem to be viewing a Biden win as a positive for the stock market, which doesn’t really make sense, according to economist Peter Schiff. … Read More >Democratic elections sweep may be good for stock market in the short-run, but ‘the dollar is going to get KILLED’ – Peter Schiff

Business

Many lost US oil jobs may never return

Posted on October 18, 2020October 18, 2020By Editor

More than 100,000 jobs were lost in the US oil exploration and production industry between March and August this year, mostly as a result of the coronavirus pandemic. Another 35,000 jobs were shed in the downstream segment. … Read More >Many lost US oil jobs may never return

Russia

Every cloud? Trade minister Manturov says major collapse in value of ruble this year has been ‘awesome’ for Russian business

Posted on October 18, 2020October 18, 2020By Editor

With the value of his currency down over 20 percent since January, you’d have thought Russia’s trade minister would be worried. On the contrary, Denis Manturov has called it “awesome,” lauding its benefits for many businesses. … Read More >Every cloud? Trade minister Manturov says major collapse in value of ruble this year has been ‘awesome’ for Russian business

Shows

Twin-demic season: Covid & flu collide

Posted on October 17, 2020October 17, 2020By Editor

As dozens of states report upticks in Covid cases while we hurtle toward flu season, it’s become clear the “twin-demic” that experts have warned us about is becoming a reality. Dr Joe Alton stresses the importance of getting your flu shot, and breaks down how best to decipher “Covid-like” symptoms, including red flags to look for before seeking treatment … Read More >Twin-demic season: Covid & flu collide

Business

China’s exports & imports hit record highs as economy recovers from Covid-19

Posted on October 14, 2020October 14, 2020By Editor

China’s economic recovery continued to gain momentum last month, with exports posting the strongest performance in more than a year and imports soaring at the fastest pace since the start of the coronavirus pandemic. … Read More >China’s exports & imports hit record highs as economy recovers from Covid-19

Business

How Huawei survives on European market despite Trump’s pressure – RT’s Boom Bust investigates

Posted on October 14, 2020October 14, 2020By Editor

Washington has ramped up pressure against Huawei to shut down the Chinese telecom giant’s 5G reach worldwide. However, the attempt to block Huawei from accessing semiconductors is failing in parts of Europe. … Read More >How Huawei survives on European market despite Trump’s pressure – RT’s Boom Bust investigates