The group of four countries: Brazil, Russia, India and China, or the union of BRIC (the contraction was introduced in November 2001 by the chief economist of Goldman Sachs Jim O'Neill), has been one of the main mechanisms of economic growth in emerging markets for more than ten years. However, the current recession in Brazilian and Russian economies does not leave any chances to consider the...

Researchers at CDP company (represents 767 institutional investors managing assets worth $ 92 trillion in total) published a procurement review of 75 major multinational companies (including Dell, PepsiCo and Walmart) for $ 2 trillion in terms of minimizing climate risks, and the impact on the climate and water resources. One of the analysts’ conclusions that is the main activity of companies...

The world's largest oil companies are asking oil tankers suppliers to deliver oil more slowly because of difficulties with unloading large amounts of oil in the ports of transshipment, Bloomberg reported citing Europe's largest owner of supertankers. For example, tankers with transport volume of 2 million barrels of oil go at a speed of about 24 km/h - 27.8 km/h, explains Paddy Rodgers - owner of...

The Fed has clearly hurried with tightening of monetary policy at the end of last year - in January, the financial markets got covered under problems. Now the Americans have to deal with the "super strong" dollar. What is happening from the beginning of 2016 on the global financial markets can be compared to a tsunami. The waves are spreading from China, and bringing down stocks, currencies and...

Italy coaxed the EU to create a "bad bank". Total debt of Italian banks exceeds 200 billion euros. For the first time since 2010, Rome has made a real breakthrough in solving this problem. For several years, the stumbling block was the EU rules prohibiting direct state aid to banks. Now, resourceful Italians figured out how to work around them delicately without irritating the European...

China's plans to reduce steel production capacity can lead to dismissal of 400 th. steelmakers and trigger social instability. Steel production will be reduced to 150 million tons. As a result of reduced steel production, 400 th. people will be laid off, said head of the Metallurgical Industrial Planning and Research Institute, Li Xinchuang. Above employees of steel companies, workers of mining...

Expenditure on research and development (R&D) in the semiconductor industry in 2015 increased by only 0.5%. The industry shows the weakest increase in cost of new development since 2009, according to IC Insights. Analysts note that the fixed rate is also significantly below the compound annual growth rate (CAGR) in this area over the past 10 years. Last year, it was only 4%. However, since the...

Leading European airlines, such as Lufthansa, Air France-KLM, British Airways, Iberia, Easyjet and Ryanair, have declared an alliance to fight against the increasing airport charges. The airlines believe that constantly increasing European airports’ taxes are reducing competitiveness of European air carriers. The carriers intend to attain ends by negotiations with the EU authorities, governments...

Number of international tourist visits increased by 4.4% in 2015 and reached 1184 million according to the latest data of United Nations World Tourism Organization (UNWTO).Number of international tourist visits increased by 4.4% in 2015 and reached 1184 million according to the latest data of United Nations World Tourism Organization (UNWTO). In 2015, almost 50 million more tourists traveled in...