The fight against the pandemic will result in a sharp increase in the global debt burden. In absolute terms, the total debt of governments, corporations, households and financial institutions will grow by almost a third by 2025 - up to $ 325 trillion, Washington Institute of International Finance (IIF) expects. Three quarters of this growth will be provided by the United States and China: in both...

Global demand for oil in the second quarter of this year will not sink as much as expected as countries are lifting lockdowns faster than previously thought, follows from the May forecast of the International Energy Agency (IEA). According to his experts, the reaction of oil producers to falling prices was more pronounced than it could be, which resulted in a reduction in supplies, including by...

Trade advisers recommend that senior Chinese officials terminate the “first phase” of the US deal because of an ongoing anti-Chinese campaign demanding that China be held accountable for the Covid-19 pandemic. Beijing regards the agreement, concluded on January 15, as a concession made in order to achieve a ceasefire in the 22-month tariff war. However, the US administration and several other...

U.S. court ordered Telegram to inform the US Securities and Exchange Commission on any assets transferred to buyers of Gram tokens. The company will also need to provide data on contacts with customers related to cancellation of the initial placement of cryptocurrency. The Federal Court of Southern District of New York State ordered Telegram’s owner Pavel Durov to transfer inform the US...

China's exports in April showed unexpected growth, up 3.5% after falling in the first quarter. At the same time, imports sank even more than in March - by 14.2%, according to foreign trade statistics. Experts believe that export support was provided by orders for medical products, but in the future, China will face the consequences of weakening external demand. In April, China's exports grew by...

Economists at U.S. investment banks Goldman Sachs and Morgan Stanley believe that the global economy has begun to show signs of gradual recovery. In the analytical reports for investors, they said that this was due to the gradual weakening of quarantine measures in some regions of the world that were introduced earlier to combat the COVID-19 coronavirus pandemic. “Economic activity is starting to...

The coronavirus pandemic has dramatically changed the global demand structure for gold. In the jewelry industry, amid falling sales of jewelry, primarily in India and China, gold is now almost unnecessary. At the same time, professional investors are actively increasing their purchases amid expectations of rising inflation and a global recession. According to the World Gold Council (WGC), in the...

Brazilian oil and gas company Petroleo Brasileiro (Petrobras) set a record for oil exports in April, pushing the bar to 1 million barrels per day, or up to 30.4 million barrels per month, the company said. "We exported 1 million barrels of oil per day in April. This is a new record. The previous record was set in December 2019 and amounted to 771 thousand barrels per day," the company’s statement...

The coronavirus pandemic and venture capital shortages are pushing leading young technology companies to attract new investments at a discount to their estimates. Silicon Valley is waiting for mass layoffs, experts warn. Leading young technology companies from Silicon Valley are lowering their own ratings in order to attract new investments amid the coronavirus pandemic and related economic...