The global tourism industry could lose 120 million jobs due to the COVID-19 coronavirus pandemic. This was stated in a video message by UN General Secretary Antonio Guterres.
According to him, tourism has become one of the sectors most affected by the pandemic, and no country has been unaffected by the sharp decline in international travel.
“About 120 million jobs worldwide are at risk, many of them in the informal sector and small businesses. The sharp drop in export revenues related to tourism could reduce global GDP by 2.8%. At the same time, the most difficult situation is among the most vulnerable groups and countries, “he said.
Guterres believes that it is very important to restructure the tourism sector so that it becomes safe and able to regain its position as a source of jobs and stable incomes.
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 […]
By the end of this year, the German airline Lufthansa intends to reduce its foreign staff by 20 thousand people, as well as sell its LSG division, which deals with on-board catering, which employs 7.5 thousand people. Lufthansa subsidiaries Eurowings, Swiss, Austrian and Brussels Airlines are reducing the frequency of flights, fleets and staff amid […]
Johnson & Johnson plans to complete the third phase of trials of its single-dose vaccine against COVID-19 in mid-January 2021. Paul Stoffels, vice chairman of the executive committee, senior scientific expert at Johnson & Johnson said they plan to deliver to market 1 billion doses. “We are in the middle of the third phase of […]
The American company Pfizer and the German BioNTech have applied to the European Medicines Agency for registration of their coronavirus vaccine. The announcement was published on the BioNTech website. “On Monday, November 30, Pfizer and BioNTech filed a formal application with the European Medicines Agency for a conditional authorization to use their COVID-19 candidate vaccine […]
The National Bank did not go out this week with interventions on the interbank market, according to the press service of the regulator on Friday, November 27. The Central Bank has been refusing to buy or sell currency for three weeks in a row. At the same time, since the beginning of the year, the […]
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 […]
With the appearance of an effective vaccine against coronavirus and the subsequent recovery of the world economy, the US dollar may fall by 20%. This was reported by the Financial Times. It is noted that banks, which already had negative forecasts for the dollar next year, deteriorated expectations against the background of the emergence of […]
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 […]
At a meeting on Thursday, April 8, the Antimonopoly Committee of Ukraine fined the Hungarian company Üttema Kereskedelmi Korlátolt Felelősségű Társaság UAH 65 million for acquiring two Ukrainian companies – Kyivshlyakhbud LLC and Rostdorstroy LLC without obtaining concentration permits. This was reported by the press service of the AMC. According to the Committee, in October […]Next
The ambassadors of the G7 countries stressed the importance of swift action to resolve the situation in the Constitutional Court of Ukraine. In particular, they assessed Ukraine’s actions in this direction. They said this during a meeting with Verkhovna Rada Chairman Dmytro Razumkov. The G7 ambassadors said that swift action was needed to resolve the […]Next
Shares of Alphabet, which rose 18.2% over the past 6 months, rose 9% after closing trading on Thursday when the global advertising giant announced significant improvements in the reporting quarter. Google’s parent financial report far exceeded analysts’ expectations and showed a resumption of advertising revenue growth after reporting a drop in revenue for the first […]Next
The European Bank for Reconstruction and Development (EBRD) expects the means amount reduction which has invested in the Ukrainian economy. According to “European truth” newspaper, Sergey Guriev,the chief economist of the EBRD, told about it in his interview. He explained:”Really, our volume of investment this year will have been less than previous as we don’t […]Next
European airline Airbus will lay off 15,000 employees worldwide due to the restoration of the quarantine restrictions on the flights. This was stated by the Airbus Chief Operating Officer Michael Schollhorn. Prospects for the aviation industry deteriorated again due to the growing number of the coronavirus infections, he said. According to Schollhorn, the situation in […]Next
The price of oil in September will remain low, perhaps even a slight decrease from current levels below $ 40 per barrel. In October, the downward trend is likely to be interrupted and a gradual growth will begin, which will accelerate in November and December, according to TASS experts. “There will be no serious drop […]Next
Nvidia company as a part of its online conference on the graphics processor technology announced its plans to create the fastest supercomputer in the UK, called “Cambridge-1″. Shares of Nvidia rose to 4.44% until the closing of the trading on Monday. Such organizations as: the biggest medical company in the UK GlaxoSmithKline, the British-Swedish pharmaceutical […]Next
The management of the European Airbus Airline should find solutions to avoid the forced reduction of thousands of jobs. This was stated by Junior Minister of Economy of France Agnes Pannier-Rancher. “There should be no forced dismissals. This means that everyone should be able to choose and receive help, this is our line,” she said. […]Next
Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]Next
Representatives of Ukrainian business improved their assessments of the economic condition of their enterprises and prospects in February. This follows from a monthly survey of Ukrainian enterprises, the results of which on Monday, March 1, according to the National Bank of Ukraine (NBU). It is noted that this happened in response to the weakening of […]Next
In Ukraine, land belongs to citizens only within the limits allowed not by the law but the authorities, and the problem of ownership is inherited from the totalitarian times. By the way, the moratorium on selling land operates in Venezuela, Congo, Tajikistan, North Korea, and Cuba, in addition to our country… Law and Practice Neither the Verkhovna Rada nor the Constitutional […]Next
According to the State Statistics Service, as of January 1, 2017, there are 15 206 join-stock companies registered in Ukraine, 3 122 of which are the public companies. Although the Ukrainian independence celebrates its 25- year anniversary already, only recently the national business has started to review the governance system and the system of effective […]Next
As part of a new distribution by the International Monetary Fund (IMF) of special drawing rights (SDR), Ukraine on Monday, August 23, received its share of SDR 1.9 billion, or $ 2.7 billion, said First Deputy Governor Kateryna Rozhkova Facebook page. “Today 1.9 billion SDRs came to Ukraine’s account at the IMF! A wonderful gift […]Next
According to the results of the outgoing year, Apple and Samsung have not settled the patent dispute in court. As predicted by experts, the penalty in the amount of $ 548 million, which was awarded to pay Samsung for patent infringement, did not accept the competitors, and Apple has demanded additional sanctions in the amount […]Next
Already in the first days of 2017 tariffs on gasoline and diesel fuel have risen slightly. Such data are provided by leading Ukrainian company Consulting Group A-95, which conducts professional study of the market of petroleum products. Prices for gasoline and diesel fuel rose within 1.6%, and liquefied petroleum gas, on the other hand, fell […]Next
Despite the coronavirus pandemic, the total value of the most expensive brands in Ukraine increased by 1.5%. The Korrespondent magazine compiled the brand rating. Thus, the top five most expensive brands in Ukraine included Kyivstar ($ 225.48 million), Rozetka ($ 210.42 million), Darnitsa ($ 187.23 million), Morshynska ($ 173.25 million) and Nova Poshta ($ 170.01 […]Next