Markets & Industries
Is it possible to impose duties on creativity? US wants to restrict Chinese art import - 09/12/2018
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...
Opinion: Emerging markets may infect Europe - 09/11/2018
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...
Norwegian sovereign fund switched from oil to real estate - 09/10/2018
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....
Drinkable water in Africa: the challenge taken up by Veolia Water Technologies - 09/07/2018
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.
Demand for VR headsets plunges by a third - 09/07/2018
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...
Crypto-currency market lost $ 35 billion in a day - 09/06/2018
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...
OECD defines new financial risks - 09/05/2018
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...
Hot summer threatens the dairy market in Europe - 09/03/2018
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...
Do banks need sharing economy? - 08/31/2018
Instead of developing their own services, banks should start using each other's strengths, believes Saxo Bank analysts. This will help them to repeat success of companies that have become pioneers in the sharing economy, and modernize their business Every day, we read news about a new financial and technological start-up that tries to use innovations to improve quality of services, or that a...
European sales of electric cars jump by 42% in 2018 - 08/29/2018
Sales of electric vehicles and hybrid models in Europe jumped by 42%in the first half of the year compared to the same period last year, breaking the 1 million record. At the same time, their share in the European market of cars was just 2%. This is reported by OilPrice.com with reference to the data collected by EV-Volumes. Sales of electric cars and hybrid cars in Europe amounted to 195...