Cannabis stocks in Canada reached nearly 400 tons. This is enough to cover demand for the next 2.5 years. The reason for the excess was that manufacturers overestimated the demand for cannabis, which the country legalized last year. As a result, the prices fell sharply. Warehouses in Canada were littered with unsold cannabis after the country legalized storage and use of marijuana for...

Abundance of oil on the market, caused by a sharp increase in supplies of Saudi Arabia in October, will be supported by accelerated growth in production outside the cartel in 2020, the International Energy Agency (IEA) updated forecast states. At the same time, the IEA warned about a predicted decrease in OPEC oil demand in 2020, indicating that participants in the transaction to limit production...

Global demand for oil will increase by 6.8% by 2025, compared to 103.5 million barrels per day in 2018, the International Energy Agency (IEA) notes. At the same time, the demand for oil in developing countries will be growing annually by 900 thousand barrels per day. By 2040, global demand will increase by 9.8% to 106.4 million barrels per day, the IEA notes. Demand for oil in the U.S. will...

Venezuela is forced to sell oil at reduced prices, since US sanctions against the government of President Nicolas Maduro are having an increasingly negative impact on its most important source of income, the Financial Times writes with reference to analysts. According to them, since the imposition of sanctions, the country has been experiencing problems with the purchase of necessary materials...

The Chinese counterpart to American Black Friday, Bachelor’s Day, has collected record customer orders once again. Alibaba alone posted sales of $ 38.4 billion that day, up 24% from last year. This year, the scope of Chinese sales spread to neighboring countries: Russia, Vietnam, Malaysia, the Philippines and Thailand. Preliminary data show that sales at Alibaba on Bachelor’s Day, the Chinese...

Venture capital deals in the Asia-Pacific region shrank by one fifth in Q3 amid a slowdown in China's economy and massive protests in Hong Kong, according to the South China Morning Post. Total transaction value fell to $ 14.92 billion from $ 18.61 billion in the previous quarter, according to data released by KPMG. The consulting company attributed this to the slowdown caused by the trade war...

More than half of the world's banks will not survive the next crisis - this is the conclusion reached by experts at McKinsey, an international consulting company. The economic downturn makes lack of profits, lack of capital and declining demand for bankruptcy loans inevitable. Ten years after the global crisis, the global banking industry faced another cyclical downturn. This is indicated...

At the October meeting, the US Federal Reserve System lowered the key rate by 0.25 p.p., to 1.5-1.75% per annum. This decline was the third this year after three years of rate hike. However, in its statement, the regulator seemed somewhat softened, giving a signal that a new rate cut in December was still in question. Experts point out that this can only happen if growth rates deteriorate in the...

The cryptocurrency loan market, which appeared only last year, is rapidly heading for collapse, former Wall Street traders warn. This is facilitated by the lack of lending standards and mismatch of huge supply and low demand. Cryptocurrency loans have expanded too quicklyб and are moving towards an explosion, told several former Wall Street traders who are now engaged in digital assets. According...