The global freelancing market will nearly double to $13.8 trillion by 2025, according to a PwC report. This forecast is based on both the company's own data and information collected by various organizations. Currently, the global market is worth $6.54 trillion, of which the majority ($3.76 trillion) accounts for freelancers, $1.13 trillion -  for seasonal workers and $ 705 billion – for...

Buffett's favourite indicator, which predicted the collapse of the dot-com bubble, has surpassed its peak in the early 2000s and set a new high. The indicator recently surpassed 200 per cent, the point at which investors are, in Buffett's words, already "playing with fire". The so-called Buffett indicator, which the founder of Berkshire Hathaway Warren Buffett called the best indicator to measure...

The post-pandemic beauty industry will experience the same boom that it did after the Spanish flu in the 1920s, says L'Oréal, a major cosmetics manufacturer. The French company bases its faith in the industry's recovery on its year-end sales, which showed better-than-expected growth. The world's largest cosmetics manufacturer L'Oréal expects the beauty market to boom after the pandemic, as it did...

China's transformation from an industrial to a post-industrial economy will cause unprecedented educational needs in the coming years. The rapid automation of the country threatens up to 220 million workers in China and from 22% to 40% of internal migrants. According to McKinsey&Co, which cites such estimates in a report on the problem, the country's education market, which used to grow by...

The UK Beer and Pub Association (BBPA) reported that last year pub beer sales fell 56% from 2019 to £7.8 billion, the lowest level since the 1920s, according to the UK media estimates. Such a sharp decline in sales was caused by the COVID-19 pandemic and the authorities' tough measures to combat it, including lengthy lockdowns and closures of catering outlets, stores, pubs, etc.  In the...

The New York Stock Exchange (NYSE) and the electronic exchange for high-tech companies NASDAQ yesterday filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) in the Court of Appeals for the District of Columbia Circuit. The exchanges are unhappy with the SEC's named plans in December to impose new trading disclosure rules. The regulators want the exchanges to publish the...

According to calculations by Coface, an international group specializing in insurance and trade risk management, the number of bankruptcies in 2020 has decreased in most regions of the world despite the global crisis. Globally, the number of bankruptcies fell by 12%, in the eurozone by 22%, in Asia-Pacific by 19% and in North America by 3%. Such dynamics is explained by the governmental...

Bitcoin quotations on online exchanges soared by more than $5 thousand immediately after it became known that Elon Musk's Tesla invested in the cryptocurrency. The weighted average rate of Bitcoin, according to Coindesk, reached $44.8 thousand, which was a new all-time high for the digital currency. The electric car maker invested $1.5 billion in Bitcoin last year and does not rule out that it...

International investors have reduced their investments in developed markets. Renewal of historical highs by US indices during the last months, as well as uncertainty with the next tranche of monetary stimulus, is forcing investors to choose more profitable directions, first of all developing countries. China, which is expected to improve its relations with the USA, remains a winner. The latest...