International investors are actively increasing their investments in oil. According to Emerging Portfolio Fund Research (EPFR), the respective funds have received $ 4 billion over the past week, and over $ 11 billion - over the past five weeks. However, these volumes are not enough to compensate for the falling oil demand due to quarantine measures taken around the world. EPFR data indicate a...

Boeing Co. CEO David Calhoun expects a slow recovery in the global airline industry. On Monday, Head of the American aircraft manufacturing concern outlined the sad prospects for world aviation, speaking at the annual meeting of shareholders. It does not imply a return of air travel volumes to the level of 2019 within two to three years, reports The Wall Street Journal. “The crisis (due to the...

Last week, international investors withdrew the maximum amount of funds over five years ($ 7.3 billion) from the markets of developing countries. The risks of a recession in the global economy, as well as falling oil prices, are forcing investors to massively reduce investments in risky assets. At the same time, investments in protective assets — money market funds and precious metals — are...

The Sicilian authorities will pay tourists half the cost of air tickets, as well as part of the hotel bill within a new strategy to restore tourism on the island after the end of the coronavirus pandemic, Daily Mail reports. According to the publication, the new strategy for the development of tourism on the island implies that the regional authorities are ready to pay 50% of the cost of air...

This year, the global economy will face the strongest recession in the post-war period. The figure will amount to 3.9%, follows from the updated macro forecast of the Fitch rating agency. The most visible drop will be noted in the euro area economies (minus 7%), the US economy will shrink by 5.6%, and in China, the growth will not reach 1%. Global GDP will decline by 3.9% this year, and will grow...

The price of WTI American oil fell by tens of percent. First, it hit the lowest price in history amid investors' concerns about overcrowded oil storages amid record low global demand. Later, WTI quotes have fallen below zero - to minus $ 40 per barrel. This is the first time since 1983, when oil futures began to be traded on the stock exchange. When the delivery time for futures is nearing,...

Mining companies in different countries are facing protests from local residents who are accusing their employees of spreading the coronavirus, The Wall Street Journal. In March, residents of La Jagua de Ibirico in Colombia were blocking Glencore’s coal mine for two days. As a result, the company stopped the enterprise’s operation, although quarantine introduced in the country does not apply to...

In April, global oil demand fell by almost a third, while production, no longer limited by agreements, continued to increase. However, in May, when the new OPEC + agreement enters into force, 12 million barrels of oil per day may vanish from the market, follows from the April forecast of the International Energy Agency (IEA). Supply and demand will begin to balance in June, and the market will...

French advertising holding Publicis Groupe, the third largest in the world, warned that advertising costs will fall lower than at the peak of the 2009 crisis, when they fell by 10%. CEO Arthur Sadoun told The Wall Street Journal that the new crisis will be "unprecedented in scale, complexity and duration." According to him, only in March the pace of cutting spending on advertising "was more...