The International Organisation of Vine and Wine (OIV) forecasts global wine production in 2021 at 247.1-253.5 million hectolitres. This would bring it close to the record low of 2017. The OIV notes that the drop in production is due to unfavourable climatic conditions. "2021 will be the third consecutive year when global wine production will be below average due to late spring frosts and...

Global air cargo volume grew by 9.1% in September 2021 over the same period in 2019, the International Air Transport Association (IATA) said in a press release. In August, the same growth rate was 7.5%, the release noted. September 2021 to September 2020 growth is estimated at 15.1%. "Air cargo traffic grew by 9.1% in September to pre-summer levels. Supply chain side congestion is an advantage...

Shanghai could overtake Hong Kong this year by the number of IPOs held, as well as by the amount raised in such offerings. This writes Bloomberg, whose analysts have studied the data on past and in the near future planned IPO on the two largest stock exchanges in the Asia-Pacific region. 65 IPOs were held in Hong Kong since the beginning of the year, with total sum raised reaching $ 34.6 billion....

The cryptocurrency SQUID, created for a project based on the series Squid Game, has fallen in value to near zero, having reached a record $2,860.00 earlier on Monday, according to trading data. According to CoinMarketCap, a portal that tracks cryptocurrency trading on major exchanges, Squid cryptocurrency was down 99.99% overnight, to $0.003163. The cryptocurrency reached a record $2,861.8 per...

China's business activity index (PMI) for the manufacturing sector stood at 49.2 points in October, the National Bureau of Statistics said. This is the second consecutive month of falling of the country's industrial production rate. China's PMI reading was 49.6 points in September. A reading below 50 points indicates a slowdown in business activity and this was the first decline in 18 months. The...

The GDP of 19 eurozone countries, according to the first estimate, grew by 3.7% year-on-year and 2.2% quarter-on-quarter in the third quarter of 2021, the European statistical agency Eurostat said. Analysts polled by DailyFx expected eurozone GDP to grow by 3.5% year-on-year and 2% quarter-on-quarter in the third quarter. GDP in the European Union in the third quarter, according to the first...

In the third quarter, the global gold market saw a noticeable reduction in supply, but gold prices are not rising, remaining close to $1,800 per ounce. Professional investors are among those reducing their investments in gold, while private investors, especially from India and China, as well as the jewellery industry, are increasing their purchases. Demand for gold from central banks also...

Technology start-ups aiming to fight climate change have raised $32bn from venture capitalists since the start of the year. This was reported by CNBC, citing a joint report by research firms Dealroom and London & Partners. This exceeds the amount of money raised by such startups in all of last year and is almost five times the amount raised in 2016 ($6.6bn), when investors started to pay more...

Equity trading app Robinhood reported significant revenue declines in the third quarter. Crypto-trading activity and cryptocurrency revenues fell the most, more than four times compared to the second quarter. Online broker Robinhood reported a big drop in revenue in the third quarter, as cryptocurrency trading on the company's app fell by more than four times, CNBC reports. The downward trend in...