Experts predict the collapse of the economy if states do not continue the policy of fiscal support for business. Information was reported by the American publication of Bloomberg.
The main problem today – is a continuation of the spread of the virus that outbreaks around the world.
Even when the vaccine is developed, its use will take some time, according to the professor at the Australian National University. His research shows that the virus could cost to the world economy about $ 35 trillion by 2025.
The publication notes that the coming winter may provoke another wave of the virus, as we are still waiting for the vaccine. State support for employees and the bank moratorium on loan repayment are coming to the end. A tension between the US and China could escalate ahead of presidential elections in November and undermine confidence in the business.
“We have seen the peak of economic decline in May. Today such momentum is fading a bit. ” – said Joachim Fels, advisor of a global economy at Pacific Investment Management Co.
Experts say that to keep the rate of growth on all fronts will be difficult.
The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]
World debt will reach $ 200 trillion, which is 265% of world product, but the debt crisis is not yet expected. This was reported by Reuters, citing the forecast of analysts of the international rating agency S&P Global. It is claimed that this year the debt-to-world debt ratio has risen by 14% as a result […]
Latvian airline AirBaltic will resume flights to Ukraine on December 1 and will start a new flight Vilnius-Kiev to Boryspil airport. The schedule includes departures twice a week on Tuesdays and Saturdays on Airbus A220-300. Flights from Vilnius will depart at 09:00, from Kiev – at 11:15. “Vilnius Airport can be used for transit to […]
Last week, from November 16 to 22, more than 4 million people in the world became infected with the new type of coronavirus, which is a record number since the beginning of the pandemic. This was announced on Tuesday, November 24, the press service of the World Health Organization. According to the WHO, in these […]
Abnormal growth in the value of bitcoin and sharp demand for it is due to the desire of investors to protect their savings from inflation, according to analysts at investment bank Deutsche Bank. Printing machines in the US and the EU will very quickly fill the economy with cheap money, with growing problems in the […]
If coronavirus vaccines become widely available and help restore international trade and economic growth, the dollar is likely to fall by 20% in 2021. Bloomberg reports that this forecast was made by Citigroup Bank. If the forecast comes true, it will be a record drop since 1985, when the DXY index fell by 18.5% over […]
During the first weekend of weekend quarantine, catering establishments lost 27% of turnover. This is as of Monday, November 16, according to the platform Opendatabot, citing data from Poster, a restaurant automation company. It is noted that during the week the turnover of cafes and restaurants fell by 10% compared to the previous week. In […]
Reuters reported, In Switzerland, the procedure of accelerated testing of Moderna vaccine has started. This will allow to approve the drug if it passes all clinical trials. “Swissmedic can get an initial idea of the benefits and risks of vaccine candidates before the study is completed. This speeds up the review process and at the […]
Apple has patented the new method with the help of the smartphone will be able to repair damage to the display. Such technology can be implemented in the iPhones of the future generations with the flexible displays. The display will be covered with the layer of the elastomer which has highly elastic properties and viscosity. […]Next
The Cofco Agri Ukraine Company, which belongs to the Chinese Cofco Corporation is one of the largest global manufacturers and suppliers of agricultural products and foodstuffs, will officially launch the terminal in Mykolaiv sea port on May 19. This is reported by the “Interfax-Ukraine” with reference to the company’s message. This terminal is one of […]Next
Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]Next
Etalon Corporation will restore the job of Chernihiv mechanical engineering complex in 2017. This writes the Interfax Ukraine referring to the statement by President of the Company Volodymyr Butko. According to the original source, the resumption of production is scheduled for January next year. Also it is planned to manufacture machinery for about 25 units […]Next
Recently, it was reported that the largest Romanian company Antibiotice is going to expand the scope of activities, and to develop a pharmaceutical market in Ukraine. According to the informed sources, the first office of the Romanian pharmaceutical company Antibiotice will be opened in the Vinnitsa region. This was agreed between the Antibiotice CEO and […]Next
Despite the unstable political and economic situation in the country, in 2015 it was recorded a large influx of investments in Ukrainian projects from the west. New companies are increasingly attracting foreign investors. The UVCA association recently reported on the results. The UVCA is an association of local and international investors. According to the UVCA […]Next
Shares of Johnson & Johnson rose by 0.68% on Thursday, ahead of the growth of the S&P 500 index by 0.32% after as the company announced that it plans to begin the final phase of a clinical trial of its COVID-19 vaccine in September. Shares of J&J recovered after losses in February and March and […]Next
The supervisory board of Vinnitsafarmation in the press release reported:” Vinnitsafarmation which owns ‘Bazhayemo zdorovya’ network of pharmacies , intends to reacquire 18 million of common shares PJSC ‘Vinnitsafarmatsyia’ intends to redeem 18 million of common nominal shares”. PJSC ‘Vinnitsafarmatsyi’a plans to make the relevant decision at extraordinary general shareholder meeting which will take place […]Next
Chief State Sanitary Doctor, Viktor Liashko, said that the drug “Remdesivir”, which was planned to treat patients from the coronavirus, have already been purchased, and the party is taken to Ukraine. He said the news in the interview with Radio Svoboda on Sunday, October 18. “And now it is being transported to the territory of […]Next
The Cabinet of Ministers has made changes to the Affordable Loans program of 5-7-9%. This was reported by the press service of the Ministry of Finance. In particular, the maximum level of annual income of enterprises was raised to the equivalent of 10 million euros, and the current requirement for the mandatory business profitability has […]Next
Ukrainian startup Petcube, which successfully sells gadgets for pets, has attracted an investment in amount of $ 2.6 million from such investors as Almaz Capital and AVentures Capital, which previously invested in the start-up $ 1.1 million. Also, in the round participated legendary business incubator Y Combinator; Ukrainians got into the program of the Y […]Next
The British financial regulator has banned one of the world’s largest cryptocurrency exchanges Binance from trading cryptocurrencies in the country. The UK has struck a blow by forcing the exchange on its website and social media pages to indicate a lack of the right to work in the country. “Binance shall not engage in any […]Next
According to Business Insider, SpaceX founder and Tesla CEO Elon Musk is selling four homes in Los Angeles for $62.5 million. It is already known that these houses will be sold to the LLC developer owned by businessman Ardi Tavangarian. “Arya Chalon LLC will combine the real estate portfolio into a new single project to […]Next
Microsoft Corp. is in talks to buy Nuance Communications Inc., a developer of a speech and text recognition solution, for about $ 16 billion, several U.S. media outlets reported, citing informed sources. According to them, negotiations are at an advanced stage, and the announcement of the agreement may be made in the coming days. Microsoft […]Next
Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]Next
Allseeds Group of companies, contests in court decisions of the Odessa Regional State Administration and the Vizirskyi village council (Odessa region) about the allocation of lands for berths of “Energy Products Co., Ltd.” (Odessa) in the”South” Port, – it is reported by “Interfax-Ukraine”. “We were asking the Odessa regional administration and local authorities to allow […]Next