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Fairview
Friday, October 30, 2020
Covid-19 has not stopped China’s super-rich from making more money. Thanks to booming share prices and new stock listings, they now own a combined fortune of $4 trillion – a sum...
Russia’s Minister of Energy Alexander Novak has invited fellow BRICS member countries to participate in Russia’s energy development projects in the Arctic. Novak said hydrocarbon reserves in the...
China’s industry ministry said on Monday that US companies are welcome to actively participate in its market despite trade tensions between Beijing and Washington. It has promised a fair and just...
The coronavirus outbreak and warmer-than-average winter season in Europe may push Russian natural gas exports down by 16 percent this year, Russia’s National Rating Agency (NRA) has warned. ...
As the world undergoes its incredible transition to lower carbon energy alternatives, Big Banks are turning their backs on the oil industry. JP Morgan pledged to help clients...
The world’s second-largest economy accelerated its recovery in the third quarter, growing 4.9 percent from a year ago, according to new data from China’s National Bureau of Statistics (NBS). ...
China, which has been on an oil-buying binge since the start of the pandemic, is now retreating as storage space fills up and demand for fuels in the regions it exports...
The US economy may lose a whopping $16 trillion due to the devastating impact of the Covid-19 outbreak, both in output and people’s lives, new research has found. ...
A new survey by Deloitte has found that Russian banks are among the world leaders in terms of digitalization of their services, exceeding the global average in five out of the...
The Indian economy may climb from fifth to third spot in the list of the world’s largest economies over the next three decades, according to a recent study published in the...
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...
Russian gem miner ALROSA has taken the top position in global diamond production during the coronavirus pandemic, President Vladimir Putin said during a meeting with the company’s CEO, Sergey Ivanov. ...
With most of the world facing a deep recession due to the coronavirus pandemic, China will be the only major economy to climb back from the depths of the historic crisis...
The coronavirus shopping frenzy has spilled over into government level as countries begin hoarding food amid fears that the pandemic’s effect on global supply chains could cause price hikes. ...
Tensions are on the rise across north-European seas, as Brexit talks hit a rocky patch, imperiling the fate of trade between the UK and the EU. Boom Bust looks at the...
The European Union Aviation Safety Agency (EASA) has declared Boeing’s 737 MAX aircraft safe to fly, announcing on Friday that the grounded aircraft could return to the region’s skies before the...
Equity markets will not like a disputed outcome of the US presidential election, and could react with a “dramatic fall,” said Mark Mobius, a veteran investor and founding partner of Mobius...
The Philippines is lifting a moratorium on oil and gas exploration in the South China Sea that could lead to the Philippines and China potentially creating a joint venture to explore...
Pakistani Federal Minister for Information Shibli Faraz says his country would welcome investment by American companies. He also expressed desire for US companies to bring in advanced technology. ...
The first phase of the game-changing, and sanctions skirting Goreh-Jask oil pipeline project will come on stream by the end of the current Iranian calendar year. With sanctions...
The US Federal Reserve “can’t save a stock market” from a “total nightmare” failure driven by millennials, according to Cole Smead, president and portfolio manager at Smead Capital Management. ...
Are you a business owner who wants to delve into marketing? Or your business has a free fall, and you want to incorporate a new technique? As much as you are profit-oriented, you must think of custom signs and...
This year’s output figures will be reminiscent of the 1930’s Great Depression, according to the International Monetary Fund (IMF). It said that the world is at risk of significantly lowered investment,...
Max Keiser and Stacy Herbert look at the race to issue the first successful ‘central bank digital currency,’ with China currently at the front of the pack with a free money...
The International Monetary Fund has revised its prediction of global growth for 2020, warning of a “long, uneven and uncertain” recovery. Prospects have worsened significantly in some emerging...
The US State Department has submitted a proposal for the Trump administration to add China’s Ant Group to a trade blacklist, Reuters reported, citing two people familiar with the matter. ...
The Indian economy, which has been severely hit by the coronavirus pandemic, will start recovering from the “horrible crisis” if the government ramps up efforts on both the fiscal and the...
The market capitalization of all companies trading on China’s stock exchanges has reached a record $10 trillion, as investors bet on the world’s second biggest economy amid coronavirus uncertainty. ...
The high level of development of financial technologies in Russia, and the growing share of non-cash payments make the issue of launching the digital ruble more relevant, according to the Central...
Saudi Arabia and Russia are both suffering from low oil prices and economic crises, and with demand not recovering fast enough we may soon see another oil price war. ...
Germany has become the largest consumer of Russian gas in Europe after it increased exports of the blue fuel more than twofold in one month, fresh data from Russian customs shows. ...
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...
As Russia seeks to expand exports to Persian Gulf states, more of the country's producers have been granted access to one of the major markets of the region, Saudi Arabia, according...
The hosts of the Keiser Report look at the difference between Europe and America during the pandemic. In the Netherlands, workers are bargaining for the right to be reimbursed €2 per...
Stock markets tanked as US President Donald Trump abandoned stimulus talks until after the election. Trump is now in the process of out-Democrating the Democrats on the stimulus issue, economist Peter...
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 uncertainty triggered by the coronavirus crisis that has led to delays of big-budget films offers grim prospects for the US box office, an analyst from research company MoffettNathanson believes. ...
Investment banking giant Goldman Sachs has recommended short positions against the US dollar, arguing that the risks arising from Covid vaccine trials and the US presidential election are skewed to the...
Russian gas producer Novatek has announced plans to ship 80 percent of the liquefied natural gas (LNG) from its Arctic LNG 2 plant to Asian markets via the Northern Sea Route. ...
Stocks in Europe and Asia as well as US futures traded higher on Monday as investors bet on positive economic data from China and expect US lawmakers to pass a new...
Pressure on Chinese firms has failed to stop them from listing on the US stock market, with the number of IPOs during Trump’s four years in office almost reaching those during...
Despite US attempts to cut off the world's largest telecom equipment supplier from major markets, Huawei says it can still assist its European customers in developing key 5G infrastructures. ...
As the US government pumped trillions of dollars into the economy in an attempt to mitigate the impact of Covid-19, the government aid is turning more and more firms into "zombies,"...
Demand for new cars rose in Russia last month, with sales surging as much as 3.4 percent compared to the same period last year, while growing coronavirus uncertainties still affect the...
Libya’s National Oil Corporation (NOC) has announced it is ending force majeure on the Sharara oilfield, the nation’s largest deposit, marking another milestone for the recovery of the country’s oil production. ...
The Church of England Pensions Board divested this week all its shares in ExxonMobil since the US supermajor has failed to set targets to cut Scope 3 emissions. ...
Extreme global poverty is expected to rise in 2020 for the first time in over 20 years due to the disruption caused by the “extraordinary” coronavirus crisis, the World Bank has...
The People’s Bank of China (PBOC) said that 3.13 million transactions have been processed using the nation’s sovereign digital currency as part of a series of ongoing pilot programs in major...
Iran’s ambassador to the United Nations, Majid Takht-Ravanchi, has condemned US sanctions against Iranian banks as an act of economic terrorism, designed to create suffering and social unrest with the aim...
The British Parliament’s defense committee claimed it had found ‘clear evidence’ that telecoms giant Huawei had colluded with the Chinese state. It said the UK may need to remove all Huawei...