Since the mid-2000s, the US state aerospace agency NASA began to attract private investors in space exploration. In 2006, it launched the Commercial Resupply Services program to use the services of private companies to deliver goods, and, in the future, astronauts to the ISS. The result of this program was a contract with SpaceX, concluded in 2015. The success of Elon Musk, owner of a private...

Following the results of the planned June meeting, the US Federal Reserve System (FRS) left the key rate at 0-0.25% per annum. At the same time, the regulator promised to use the “entire set of support measures” and continue to repurchase bonds at least in current volumes - pointing to medium-term risks for the economy. In the updated macro forecast, the Fed expects a decrease in US GDP by 6.5%...

The coronavirus pandemic and quarantine measures introduced to contain it were a sharp and widespread shock for the global economy, plunging it into a deep recession, according to the Global Economic Prospects (GEP) in World Bank (WB)’s June review. According to the WB forecast, global GDP will decline by 5.2% in 2020, and this is the highest rate since the Second World War. At the same time, a...

The price of a barrel of Brent in the short term will drop to $ 35, Goldman Sachs forecasts. On Monday, its value for the first time since early March exceeded $ 43. The price of oil is likely to decline in the coming weeks due to uncertainty about future demand and the difficult situation of storage congestion. This was reported by Goldman Sachs, reports Reuters. The fall in refining profits...

Bolivian airlines are asking the authorities for $ 100 million in aid due to a serious drop in traffic amid the pandemic, El Deber reported, citing Amaszonas Executive Vice President Luis Verdú. This major carrier, whose routes connect Bolivia with other Latin American countries, has sent the government a proposal for a package of measures to support the industry. Funds of $ 100 million are...

People around the world have begun actively renting holiday homes, according to Airbnb and other services. Now, tourists prefer spontaneous trips around their countries to long overseas trips and tend to open spaces such as beach resorts or mountain villages. Residents of cities are fleeing from the coronavirus threat to nearby places where they rent vacation property, and do it in unexpectedly...

OPEC + countries extended the agreement on limiting oil production on previous terms for one more month. According to the agreements, from July they will comply with the production limit of 9.6 million barrels per day, which is slightly less than in May-June, since Mexico has not yet agreed to extend the deal. On the eve of the meeting, the parties to the agreement tried to make sure that they...

On June 2, the exchange rate of the most popular cryptocurrency Bitcoin confidently overcame the level of $ 10 thousand and reached its maximum level since February 2020. The growing unrest in the United States, as well as the continuing disagreement in relations between the United States and China are forcing investors to transfer part of the funds to defensive assets, including virtual ones....

Tim Clark, President of Emirates Airlines, expects that flights will return to normal by the summer of 2021 if the COVID-19 vaccine will be available the first quarter of 2021. "Until the story of this virus lasts too long, we will continue to live and see that everything will return to normal in June 2021. If we get the vaccine by the 1st quarter of 2021, we have a chance to fight, and my bet is...