The Strategist
Markets & Industries

Head of Boeing expects slow recovery in the global airline industry - 04/28/2020

Boeing Co. CEO David Calhoun expects a slow recovery in the global airline industry. On Monday, Head of the American aircraft manufacturing concern outlined the sad prospects for world aviation, speaking at the annual meeting of shareholders. It does not imply a return of air travel volumes to the level of 2019 within two to three years, reports The Wall Street Journal. “The crisis (due to the...

Investors are leaving emerging markets as oil prices are falling - 04/28/2020

Last week, international investors withdrew the maximum amount of funds over five years ($ 7.3 billion) from the markets of developing countries. The risks of a recession in the global economy, as well as falling oil prices, are forcing investors to massively reduce investments in risky assets. At the same time, investments in protective assets — money market funds and precious metals — are...

Sicily to pay tourists 50% of air tickets cost after COVID-19 pandemic ends - 04/27/2020

The Sicilian authorities will pay tourists half the cost of air tickets, as well as part of the hotel bill within a new strategy to restore tourism on the island after the end of the coronavirus pandemic, Daily Mail reports. According to the publication, the new strategy for the development of tourism on the island implies that the regional authorities are ready to pay 50% of the cost of air...

Fitch analysts update coronavirus recession forecast - 04/23/2020

This year, the global economy will face the strongest recession in the post-war period. The figure will amount to 3.9%, follows from the updated macro forecast of the Fitch rating agency. The most visible drop will be noted in the euro area economies (minus 7%), the US economy will shrink by 5.6%, and in China, the growth will not reach 1%. Global GDP will decline by 3.9% this year, and will grow...

US WTI falls below zero for the first time in history - 04/21/2020

The price of WTI American oil fell by tens of percent. First, it hit the lowest price in history amid investors' concerns about overcrowded oil storages amid record low global demand. Later, WTI quotes have fallen below zero - to minus $ 40 per barrel. This is the first time since 1983, when oil futures began to be traded on the stock exchange. When the delivery time for futures is nearing,...

Miners are facing accusations of spreading COVID-19 - 04/16/2020

Mining companies in different countries are facing protests from local residents who are accusing their employees of spreading the coronavirus, The Wall Street Journal. In March, residents of La Jagua de Ibirico in Colombia were blocking Glencore’s coal mine for two days. As a result, the company stopped the enterprise’s operation, although quarantine introduced in the country does not apply to...

IEA expects oil market balancing in the second half of 2020 - 04/16/2020

In April, global oil demand fell by almost a third, while production, no longer limited by agreements, continued to increase. However, in May, when the new OPEC + agreement enters into force, 12 million barrels of oil per day may vanish from the market, follows from the April forecast of the International Energy Agency (IEA). Supply and demand will begin to balance in June, and the market will...

Advertising holding forecasts unprecedented drop in advertising costs worldwide - 04/15/2020

French advertising holding Publicis Groupe, the third largest in the world, warned that advertising costs will fall lower than at the peak of the 2009 crisis, when they fell by 10%. CEO Arthur Sadoun told The Wall Street Journal that the new crisis will be "unprecedented in scale, complexity and duration." According to him, only in March the pace of cutting spending on advertising "was more...

India, Kenya report problems with tea harvesting - 04/15/2020

Suspension of work in India and Kenya in connection with the pandemic resulted in a break in tea harvesting. Global demand for it is already growing; for example, it increased by 55% in March in the UK. Tea producers and traders warn of a possible shortage of the most valuable varieties, according to the Financial Times (FT). The quarantine announced in late March in India due to coronavirus...

Wood Mackenzie expects sharp drop in electric vehicles sales - 04/13/2020

Electric vehicle sales in the world could fall by 43% to 1.3 million units by the end of 2020, according to a new study by Wood Mackenzie. In 2019, electric vehicle sales approached 2.2 million units. One of the factors that will lead to a drop in sales this year is the coronavirus pandemic. The market is also affected by the potential delay in updating fleets due to falling oil prices and the...
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