Markets & Industries
Brexit announcement hits hedge funds - 04/24/2017
Hedge funds suffered losses after British Prime Minister Theresa May shocked the markets last Tuesday by announcing early elections to be held on June 8. At that, funds headed by people were outwitted by those headed by artificial intelligence, writes Reuters. This proved that computer-minded funds, which showed themselves well after the British vote on Brexit last June, failed the first serious...
Europe looking through Italy’s banking crisis - 04/21/2017
Italy is about to start a bailout programme to save the banking sector. Otherwise, the Italian banks will cease to exist in principle. All this can provoke a full-scale crisis in the country, and consequently collapse the entire banking system of Europe. However, the whole information background is clogged with reports about Brexit, as a result of which the crisis in the EU can start...
New competitors to Silicon Valley - 04/18/2017
The European startup market remains the third in the world after the US and China in terms of the volume of investments attracted by start-ups. In 2016, the region’s companies received around $ 12 billion, according to the annual report of French investment bank Clipperton and WhoGotFunded, quoted by TechCrunch. Total investment remained at the same level as in 2015. In total, European start-ups...
Asia conquers the world's travel market - 04/17/2017
In 2016, the sector of tourism and travel contributed 10.2% to the world’s GDP. Besides, the industry created one out of ten new jobs, according to the recent "Travel & Tourism Competitiveness Report" by the World Economic Forum in Davos. The European countries remained the most attractive for tourists, yet developing economies showed a significant growth in popularity as well. The latest...
The UK calls for global regulation of the fintech market - 04/12/2017
The British Financial Conduct Authority (FCA) suggested applying the international regulatory framework to financial and technological start-ups in order to prevent a Wild West approach to manage the sector. In particular, the FCA is concerned that the regulatory standards may suffer in the struggle between different jurisdictions for the financial and technological business. This is especially...
OPEC beats the oil production freeze target in March - 04/12/2017
The organization of the largest oil exporters, OPEC, in March reduced oil production more than provided for by the global pact, as follows from the group’s monthly report. Eleven states - members of the club in March fulfilled the terms of the agreement to reduce oil production by 104 percent, concluded Reuters on the basis of the oil cartel’s reports. This figure coincided with estimates from...
Experts: Strong Dollar diminishes Euro - 04/11/2017
America’s new President made the country unpredictable as never before. Therefore, for the rest of the world it would be important to become more independent of the US - both politically and economically. However, now the International Monetary Fund (IMF) has published statistics that do not indicate any desire for independence. The IMF’s data show that there is no hope for repelling the...
Fitness industry is booming in Europe - 04/10/2017
According to EuropeActive, number of Europeans attending fitness clubs increased by 4.4% last year to 56.5 million people. The first place by number of registered in the fitness clubs is occupied by Germany with 10.1 million people. As for coverage of the population, the leader here is Sweden since the country’s fitness centers are visited by every fifth Swede. According to EuropeActive...
For the first time in two years Japan is optimistic about inflation - 04/07/2017
Inflationary expectations of Japanese households have grown for the first time in the past two years, as the Bank of Japan evidenced in a survey. The organization says that consumers are paying attention to a series of increases in prices for food and household goods, writes Reuters. Share of households that expect prices to rise in a year was 67% in March 2017 compared to a four-year low of...
Is it possible to stop using coal as an energy source? - 04/05/2017
Coal is justly considered the cheapest yet the dirtiest fuel in the world. Its extraction creates a huge number of jobs, gives a multiplicative economic effect, and also provides many countries with heat and electricity. And the coal era seems to have come to an end. Power station Hazelwood in the Australian state of Victoria commenced to generate electricity 52 years ago. A bright symbol of the...
