According to a study by Credit Suisse, emerging-market zoomers and millennials are more likely to choose environmentally friendly and sustainable products than young shoppers from developed countries. A new study by Credit Suisse has found that millennials and zoomers from emerging economies are buying sustainable products more often than young people in developed countries. According to the...

Oil at $90 a barrel could encourage OPEC+ to step up production, Goldman Sachs analysts say. The price of oil at $90 a barrel may lead to an acceleration of production by OPEC+ countries, said Goldman Sachs analysts. This is reported by Bloomberg. In their view, such a decision of the alliance will lead to a short-term jump in oil prices. However, Goldman Sachs notes that despite the rise in...

Sharp fluctuations in the value of cryptocurrencies threaten to destabilise developing economies, an IMF official has warned. Earlier, the organization called on El Salvador to refuse to stop recognizing Bitcoin as a means of payment, calling it a major obstacle to the allocation of a $1.3 billion loan to the country. The sharp fluctuations in the price of cryptocurrencies can destabilize the...

The number of detections of counterfeit euro banknotes last year was the lowest in the history of the currency, the European Central Bank (ECB) said. "In 2021, 347,000 counterfeit euro banknotes were withdrawn from circulation, a historically low level relative to the number of banknotes in circulation... For every 1 million genuine banknotes in circulation, 12 counterfeits were detected," it...

Installed capacity of renewable energy (RE) power plants will increase by 295 GW in 2022, marking a record second consecutive year of growth, according to the World Economic Outlook 2022 by international consultancy PwC. Experts noted that in 2022 a third of the world's electricity could come from renewable sources, while coal consumption will continue to decline. "Capacity projections suggest...

New home sales in the US rose 11.9% in December from the revised November figure to 811,000, data from the US Commerce Department's Census Bureau showed. Analysts polled by DailyFX expected the figure to rise to 760,000 from the previous month's initial level of 744,000. The November figure was revised up to 725,000. Compared to December 2020, when sales stood at 943,000, the month under review...

Global steel production in 2021 was 1.912 billion tonnes, up 3.6% from 2020, according to the World Steel Association (WSA). CIS countries, according to preliminary data, increased steel output by 5.6% to 105.6 million tonnes. The EU countries produced 152.5 million tonnes of steel (up 15.4%), including Germany with 40.1 million (up 12.3%). The remaining European countries increased steel output...

Global air cargo traffic for 2021 is up 6.9 per cent on 2019, according to an International Air Transport Association (IATA) press release. By 2020, the figure was up 18.7 per cent. According to the association, North America (19.8%), the Middle East (10.5%) and Africa (10.2%) saw the strongest growth in air cargo last year compared to pre-2019. Europe grew by 3.7% and Asia Pacific (APAC) by...

US cheesemakers who have won the right to use the protected geographical indication of Swiss gruyere cheese will not be able to supply such products to the EU. In early January, a court in the US ruled that the name ‘Gruyere’ was perceived by US consumers as a particular kind of cheese, so it could not be registered as a trademark for products from specific regions in Switzerland and France....