OPEC downgraded forecast for the growth of world oil demand in 2018 by 20 thousand barrels per day, up to 1.62 million barrels per day (bpd). This is stated in the OPEC report. The organization's forecast for world oil demand in 2019 was also reduced by 20 thousand bpd, up to 1.41 million bpd. World demand for oil in 2019 is projected at 100.23 million bpd, which is 30,000 bpd below the previous...

Chinese vases of the XII century are very different from consumer and industrial goods, imports of which the US wants to limit within the trade war with China. However, antiques and more modern works of Chinese art were included in the list of goods worth $ 200 billion in total, on which Washington can introduce 25% duties. This caused outrage among art dealers and collectors. The administration...

If the current weakness of emerging markets develops into a global crisis, Europe can become its epicenter, believe the experts of Bank of America Merrill Lynch. Recently, European stock indices showed low results, while emerging market currencies fell against the backdrop of tightening dollar liquidity. The region with its open economy and high level of debt is more vulnerable to weakening of...

The fund, with its trillions of capital, which has real estate in the US, Britain, France, Germany and Switzerland, is now trying to enter the real estate market in Singapore. When the largest sovereign fund of the planet, the Norwegian Welfare Fund, with assets of over a trillion dollars, was going to buy real estate in 2010, its managers aimed at about a dozen of the world's wealthiest cities....

In Africa 320 million people still do not have access to drinkable water that meets the basic hygiene standards. The filtering of used water is an issue as well since 80% of it is simply rejected into the wild and pollutes the environment. Veolia Water Technologies (VWT), a subsidiary company of the French multinational and present in 77 countries, specializes in the services and the filtering of the water. Its new Director for Development in Africa, Sébastien Gary describes for us the many challenges that await VWT in this part of the world.

In the II quarter of this year, supply of virtual reality sets fell by 33.7% in annual terms, according to a study by IDC analysts. Analysts believe that the main reason for this decline was decrease in buyers' interest in the simplest screenless headsets, which require a smartphone to work. About 1 million of such devices were sold in the II quarter of the last year, but only 409 thousand - in...

Over the past 24 hours, the crypto-currency market has lost more than $ 35 billion, falling sharply to $ 200 billion. Bitcoin resumed the decline, which began yesterday afternoon, and was below $ 6500 in just an hour. Altcoins are also falling rapidly. The sharp drop of the crypto-currency market began on Wednesday and continued on the night of Thursday, September 6. Then, Bitcoin, having fallen...

Large central banks will need several years to normalize their monetary policies. Inevitably, it will lead to increased volatility in the financial markets, the Organisation for Economic Co-operation and Development (OECD) warned. OECD notes that low rates have already resulted in overestimation of the value of bonds and now the likely adjustments may negatively affect the stock market. Another...

Dairy farmers of Europe are in a difficult situation now. In the near future, Europeans will feel its financial consequences. Summer heat and drought have resulted in interruptions in supply of feed, slaughtering cows, and reduced milk yields. Apparently, there is a crisis awaiting the dairy sector of Europe, which is estimated at 12 billion euros. The clearest problems for livestock breeders can...