Economy – Page 93 – THE OVAL CIRCLE

S&P leaves Russia’s credit rating intact despite coronavirus crisis

Posted on July 19, 2020July 19, 2020By Editor

While most oil-exporting nations saw international agencies knocking down their sovereign credit ratings amid the crisis spurred by the Covid-19 outbreak, S&P Global Ratings confirmed Russia’s rating at BBB- with a stable outlook. … Read More >S&P leaves Russia’s credit rating intact despite coronavirus crisis

Unemployed Americans are spending more than when they had jobs, thanks to Covid-19 benefits – JPMorgan

Posted on July 17, 2020July 17, 2020By Editor

Additional financial aid given to those who lost their jobs amid the coronavirus outbreak has boosted spending, with Americans buying more than when they were working, recent research has found. … Read More >Unemployed Americans are spending more than when they had jobs, thanks to Covid-19 benefits – JPMorgan

Op-ed

Are Trident nukes the best way to spend £205bn with a massive financial crisis ahead of us?

Posted on July 14, 2020July 14, 2020By Editor

The UK needs to rethink its priorities in light of the economic destruction wrought by the Covid-19 pandemic. It can no longer afford to play in the big league by remaining a nuclear power. … Read More >Are Trident nukes the best way to spend £205bn with a massive financial crisis ahead of us?

Tens of thousands of Israelis protest over Netanyahu’s handling of Covid-19 crisis (VIDEOS)

Posted on July 12, 2020July 12, 2020By Editor

Massive crowds have packed into one of the largest squares in Tel-Aviv on Saturday to protest over how Prime Minister Benjamin Netanyahu has handled the coronavirus pandemic and its harsh economic fallout. … Read More >Tens of thousands of Israelis protest over Netanyahu’s handling of Covid-19 crisis (VIDEOS)

China’s $3 TRILLION foreign exchange reserves continue to grow

Posted on July 7, 2020July 7, 2020By Editor

Beijing has continued increasing its foreign exchange reserves – already the world’s largest – adding $10.64 billion in June to its $3.112 trillion, central bank data showed on Tuesday. … Read More >China’s $3 TRILLION foreign exchange reserves continue to grow

Russia leads emerging market stock rally to hit four-month high

Posted on July 7, 2020By Editor

The MSCI index of developing-world stocks rose 1.8 percent on Monday to its highest level since February 26. The growth comes as strong economic data from emerging markets gave investors hope of an economic recovery. … Read More >Russia leads emerging market stock rally to hit four-month high

Coronavirus cost global economy 400 MILLION full-time jobs – UN labor agency

Posted on July 6, 2020July 6, 2020By Editor

Global working hours are expected to have plummeted by 14 percent in the second quarter of 2020 as a result of the Covid-19 pandemic, according to the International Labour Organization (ILO). … Read More >Coronavirus cost global economy 400 MILLION full-time jobs – UN labor agency

UK

More than ONE MILLION young people will be jobless in UK by next year unless government intervenes, new report warns

Posted on July 5, 2020July 5, 2020By Editor

Young people in Britain are facing the worst jobs crisis since records began. Over one million will be plunged into unemployment by the end of 2020 if the UK government doesn’t intervene, new research has warned. … Read More >More than ONE MILLION young people will be jobless in UK by next year unless government intervenes, new report warns

Why is China snatching up UK real estate? RT’s Boom Bust explores investor buying boom

Posted on July 4, 2020July 4, 2020By Editor

As high unemployment following the coronavirus pandemic saps house-buying demand, commercial-property investors are looking to take advantage of falling prices. … Read More >Why is China snatching up UK real estate? RT’s Boom Bust explores investor buying boom

China will dethrone US as world’s leading economy this year – RT’s Keiser Report

Posted on July 4, 2020July 4, 2020By Editor

The Covid-19 pandemic has caused a ‘savings glut’ in the United States, which goes “completely against” policies designed to stimulate American economic growth, say Max Keiser and Stacy Herbert. … Read More >China will dethrone US as world’s leading economy this year – RT’s Keiser Report