The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine Foreign Policy, published on Wednesday, September 9.
“Although the world has learned to live with the virus, complete recovery is unlikely without a final medical solution to this problem”, – stated in the article.
At the same time, Georgieva and Gopinath highlighted that the current crisis is far from completion.
“Recovery remains extremely volatile and uneven in the regions. <...> To ensure long-term recovery, it is important not to stop providing prematurely support,” they added.
The Foundation also predicted that many businesses around the world would need financial assistance to save jobs.
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 […]
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 […]
Shares of General Motors, down by 3.7% since the beginning of the year, rose by 3.9% in trading after the company announced the results of the 3rd quarter, which ended on September 30. General Motors reported earnings per share increase of 65% to $ 2.83, which was higher than analysts expected $ 1.38. The amount […]
The decision of the Constitutional Court violates Ukraine’s obligations to Western creditors. This was reported by the Ministry of Finance with reference to the statement of the head of the department Serhiy Marchenko. He addressed to the assessments of the World Bank management regarding the decision of the Constitutional Court on the officials’ e-declarations. “They […]
AMC Entertainment Holdings, which owns the world’s largest network of cinemas, presented its financial report for the third quarter of 2020. His company ended with a net loss of $ 906.5 million – 16.5 times worse than last year. In the third quarter, the company’s cinemas began to reopen after a five-month of lockdown due […]
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 […]
The net loss of the second largest American oil and gas company Chevron, which accounts for the parent company, in the first nine months of 2020 amounted to 4.878 billion dollars against a profit of 9.534 billion dollars a year earlier, the company said. The diluted loss per share was $ 2.63 against earnings of […]
Following the third phase of trials of its COVID-19 coronavirus vaccine, Moderna said the drug was generally well tolerated and no serious health problems were identified. According to the company, the effectiveness of its vaccine reaches 94.1%, and 100% for preventing severe coronavirus cases. Previously, the manufacturer estimated the effectiveness of its drug at 94.5%. […]
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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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The Ukrainian Sokil-300 drone is an analogue of the Turkish Bayraktar and it may join the army next year. The head of Ukroboronprom Igor Fomenko announced it in an interview with RBC-Ukraine. “This is an analogue of the same Turkish Bayraktar. With funding it may already be adopted in a year,” he said. Fomenko says […]
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Sales of state-owned distilleries will begin in mid-September. This was reported by Acting Director of the state concern Ukrspirt Serhiy Bleskun on the social network. For professionals in the alcohol industry, privatization does not mean loss of jobs, but rather – new career opportunities, he highlighted. “We have already submitted proposals for 25 of Ukrspirt’s […]
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The Cabinet of Ministers of Ukraine allowed the state Ukrgasbank to sell to the enterprise of agricultural companies Kernel Group rights to the loan of the private joint-stock company Creative for $95,753,000, transmit “Ukrainian News”. The order has been agreed by the National Bank. Collateral for loans was performed the complex for the production of […]
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In autumn 2008, when the companies did not seem to take care about participation in associations, an absolutely new union, unique both regarding a format and essence, appeared at the real estate market of Kyiv. It is the union that, for a decade, has been successfully helping to solve the most topical issues in the […]
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Since the end of 2016 year it has been observed in Ukraine a negative surge of activity among sole proprietorships. It is talking about a mass liquidation of FOP associated with the innovations of the taxation system in Ukraine. Thus, according to the legislation since January 1st of this year, every natural persons-entrepreneurs are undertaken […]
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«Syutkin & Partners» Law Firm prepared a new series of programs “CAPITAL”. The “CAPITAL” discusses topical issues of big business in today’s economic climate: tax audits, economic crimes, corporate conflicts, etc. You will hear the views of industry experts and recommendations of specialized lawyers. Qualitative law business support will save and increase your capital. The […]
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American video game company, Roblox Corporation, is working with the investment banks on the preparation for listing on the US stock exchange, which may happen early next year. According to the Reuters, such step should help Roblox to take advantage becoming popular during the pandemic. The company expects to be able to double its recent […]
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The government committee has approved the sale of 71% of shares of PJSC Cherkassyoblenergo by one package.According to Delo.ua web-site, Igor Bilous, the head of the State Property Fund (FGI) reported about it. He says: “The decision on the merge of share blocks has been made, concerning Cherkassyoblenergo. We will sell the integrated packet of […]
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Representatives of the Russian corporation Hotel Development reported the signing of an agreement for the sale of the hotel Radisson Blu Hotel Kiev Podol, previously owned by foreign shareholders. Estimated value of the transaction is approximately $ 10 million. With regard to information about the new owner of the four-star hotel in the prestigious district […]
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In 2013, which experts call the reference, the volume of the pharmaceutical market of Ukraine was about 3.3 billion US dollars. The Pharmaceutical market at that time was one of the fastest growing and took the second place among the CIS countries. According to the consulting company BakerTilly, on average, the market growth rate was […]
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One of the largest Ukrainian agricultural groups “Kernel”, will pay $ 2.4 million, according to the results of court proceedings, in which it was involved in the case of contamination of the Ukrainian sunflower oil delivered in the EU in April 2008. According to the company report, disclosed on its website on Friday, the court’s […]
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According to Interfax-Ukraine, the State Enterprise Production Association Yuzhny Machine-Building Plant named after A.M. Makarov (Yuzhmash) has provided the first step of Antares carrier rocket (CR) medium-class shipping by the interests of Orbital ATK Inc. (NYSE: OA) Company. The international space station renewed the cargo flight after CR modernization with Mild-Atlantic Regional Spaceport due to […]
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Amazon continues to change our shopping habits at grocery stores. Following the already well-known Amazon Go stores, the company focused on providing technological solutions for larger supermarkets with a wide range. In February, Amazon launched its first full-size Amazon Go supermarket in Seattle and announced selling the technology to other companies. Amazon is now announcing […]
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Shares of Starbucks recovered from losses of February and March due to the pandemic and rose by 19.7% over the past 6 months. But shares fell again after the publication of the quarterly report, which ended September 30. Starbucks revenue and profit for the 4th quarter of fiscal 2020 showed a strong jump in growth […]
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