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 […]
Today, December 2, 2015, in the capital «Hilton» hotel passes the fourth international “The Tiger Conference”, which is devoted to energy issues, the new economy, leadership, and the rule of law. The conference was attended by over 300 of heads of domestic and foreign companies as well as government leaders and public figures. Representatives of […]
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The GTS of Ukraine operator has concluded an agreement on the diagnostics of the country’s main gas pipelines with the Swiss company ROSEN Europe B.V. “The agreement provides for the inspection of more than 4.5 thousand km of main gas pipelines with a diameter of 1,400 mm with a deadline of the end of 2024. […]
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Investment attractiveness of the tourism industry in Ukraine has great potential. About this in an exclusive interview for LDaily, the full version of which will be released later, said the general manager of the hotel InterContinental Kiev Jean Baptiste Pigeon. “I can say with confidence that the investment opportunities in the hotel and tourism industry […]
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The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future, Alexei Vitchenko, this is the first transaction of the Ukrainian investment company in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]
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Automaker Lincoln Motor Company has introduced a new car Lincoln Nautilus. The basic version of the car has a 2-liter turbo engine with a capacity of 250 horsepower. The more powerful version is equipped with a 2.7-liter twin-turbocharged V6 engine with 335 hp. Both models have standard 8-speed automatic transmission. The interior of the car […]
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Four world’s biggest enterprises who producing tobacco products – British American Tobacco, Imperial Tobacco, Philip Morris International and Japan Tobacco International appealed this week to the court against the government, where they are opposed to the introduction of a new law in Britain banning branded a pack of cigarettes. According to the law, which will […]
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The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares. The court agreed […]
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The U.S. Department of Labor’s weekly report on Thursday showed that the number of initial applications for unemployment benefits in the country rose to 1.106 million in the week ended August 15, which is worse than the forecast of economists at 925 thousand and worse than the previous week, when the figure of 971 thousand […]
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Shares of Zoom Video Communications, the developer of the cloud platform for video conferencing – soared by 25.5% after the close of the main trading session on August 31, to $ 408. Investors’ attention was drawn to the reports of companies for the second quarter of the current financial year (ended July 31). In three […]
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According to the National Bureau of Statistics of China, the country’s GDP grew by 4.9% year on year in the third quarter. China’s economy is recovering the fastest in the world from the COVID-19 pandemic – GDP decline by closing factories and quarantine in the first quarter of the year already fully compensated, and the […]
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American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla. Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 […]
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The Council of the European Union approved funding in the amount of 87.4 billion euro for the Member States in the form of the loans under the SURE – temporary EU instruments to reduce the risk of unemployment during the pandemic coronavirus COVID-19. This support should help for the Member States to finance sharp increase […]
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YouTube video hosting will launch a new platform for creating short videos. This was reported in the official blog of the company. It is reported that the new service Shorts is designed for fans to record short videos on a smartphone, apply music and effects to them and share with your contributors. Beta testing Shorts […]
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On March 4, the social network Facebook lifted the ban on showing political advertising, which was imposed after the November US presidential election. We introduced this temporary ban after the November 2020 elections to avoid confusion or abuse after the Election Day. Unlike other platforms, we require authorization and transparency not only for political and […]
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The State Property Fund of Ukraine has put the Vinnytsia diamond processing plant Crystal up for privatization auction for almost 90 million hryvnias. This is stated in the message of the Foundation. It is noted that the plant not only cuts and grinds precious stones, but also makes jewelry. They produce more than five thousand […]
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The State Property Fund of Ukraine representative informed that 99,99% of Ukrainian Bank for Reconstruction and Development (UBRD) had been sold to Bohai Commodity Exchange within the auction second round. The State Institution posted this information on the official web-site. The transaction value consists 82,8 million UAH. The asset’s cost of Ukrainian bank was underestimate […]
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