Gold is approaching $1800 an ounce after a two-month break. The metal rose by almost 3.5% in five days. The rise in prices is linked to a decline in US rates and concerns about the outlook for the global economy amid an increase in the number of coronavirus-infected people around the world. Gold prices on the global spot market renewed a two-month high on April 21. According to Reuters, the cost...

In 2021, the global airline industry will suffer a loss of $47.7 billion, the International Air Transport Association (IATA) said in a report. It is higher than the $38 billion loss forecast in IATA's November report. However, the organisation expected a stronger recovery of the industry starting from the second quarter of 2021. Meanwhile, compared to losses for 2020, which IATA estimates at...

Information from The Wall Street Journal (WSJ) about US authorities' plans to limit nicotine content in all cigarettes sold on the US market to levels that will not cause addiction, as well as news that authorities may ban the sale of menthol cigarettes, has triggered a sharp fall in tobacco companies' shares. Altria's shares fell 6% and a further 2% in electronic trading in New York on Monday,...

The UK’s Department for Digital, Culture, Media & Sport has officially announced the start of a review of a planned merger between US corporation Nvidia and UK microprocessor maker Arm Holdings. The ministry said in a statement that it was reviewing the deal "in the interests of national security". In September 2020, Nvidia agreed to buy Arm from Japan's Softbank for $40 billion. The...

Economists at Citigroup and the International Energy Agency (IEA) note that the surplus of oil in storages, created during the pandemic and the decline in fuel demand, is now all but exhausted. This is reported by Bloomberg. "Commercial stocks in OECD countries have already returned to the average level of the past five years," said Citi commodity market analyst, “The excess stocks that remain...

China's funds surpassed $4bn last week, hitting a six-month high. Investors are attracted by the country's rapid economic recovery. However, due to the worsening epidemiological situation in the world, other developing countries cannot boast of notable inflows. The latest Emerging Portfolio Fund Research (EPFR) data shows that international investors have started to increase their investments in...

Copper may become the "new oil" in the future, experts at investment bank Goldman Sachs have concluded, CNBC reports. Analysts expect the value of the metal to rise as it implements "green" energy and against the backdrop of declining supplies. Goldman Sachs predicts that over the next year the average copper price may rise to $11,000 per tonne. At the auction on Thursday, April 15, a ton of...

The International Energy Agency improved its oil demand forecast, pointing to declining storage capacity, gathering pace of vaccination and a "firmer footing" in the global economy. OPEC also raised its forecast earlier. The International Energy Agency (IEA) raised its forecast for global oil demand in 2021 by 230,000 bpd from March. It now expects demand to reach 96.7m bpd: an increase of 5.7m...

Desktop and notebook PC manufacturers shipped 69.9 million PCs in the first quarter of 2021, up 32.2% year-on-year, according to preliminary data from analyst agency Gartner. The company notes that the low early 2020 figures made the growth a record high in all time that the market has been monitored. The top three computer manufacturing companies are Lenovo (17.5 million, 25.1% of the global...