Consulting company Boston Consulting Group (BCG) presented its latest report on the state of the global luxury goods and luxury goods market. Experts note that the COVID-19 coronavirus pandemic has led to a real crisis in the market, which was previously fueled by the development of the global economy and strong demand from Chinese consumers. In the new conditions, experts expect a greater value...

According to the forecasts of Adobe, the volume of Internet sales in the United States will reach the volume of the whole of 2019 by October of this year. These findings are contained in the Digital Economy Index, which is compiled by Adobe based on an analysis of about 1 trillion visits to online retail sites, transactions of 80% of the largest online retailers in the United States and a survey...

McKinsey Global Institute has released the Risk, Resilience and Rebalancing in Global Value Chains Report, adding new risks posed by the COVID-19 pandemic to the traditional business threat map. According to experts, a hundred-day global financial loss lockdown turned out to be twice as terrible as a hypothetical world war and three times worse than the 2009 crisis. Protecting the threatened...

The emergence of an effective vaccine against the novel coronavirus could change the situation in the stock markets, analysts at Goldman Sachs warn. In their opinion, investors need to prepare for the sale of bonds and the flow of capital from the tech sectors to cyclical ones. Investors should consider the risk that the emergence of an effective anti-coronavirus vaccine could create volatility...

PwC, an audit and consulting firm, has estimated that 87 out of the top 100 companies in the world have seen an increase in market capitalization from March to June 2020. As a result, the combined market capitalization of the world's top 100 companies in June 2020 was only 1% behind December 2019, despite continued high volatility in equity markets. A PwC study of the world's 100 largest...

Foreign tourist flow to Spain for six months decreased by 71.7%, to 10.8 million people, follows from the data of the National Institute of Statistics (INE) of the country. From January to June, 10.8 million foreign travelers visited Spain; the figure is down by 71.7% from the same period a year earlier. Most tourists came from the UK (2 million, minus 75.5%), France (1.4 million, minus 69.8%)...

In the second quarter, global demand for gold fell by 11% to 1,016 tons. The consumption of metal in the jewelry and electronics industries dropped sharply. At the same time, professional investors are increasing their purchases, while private investors and central banks have reduced their investment in the precious asset. On July 30, the World Gold Council (WGC) published a quarterly survey on...

In the second quarter of 2020, Chinese telecoms company Huawei sold 55.8 million mobile devices, surpassing South Korean company Samsung, which sold 53.7 million devices, according to research firm Canalys. On an annualized basis, Huawei's sales fell 5%, while Samsung's sales fell 30% due to disruptions in key markets such as Brazil, the United States and Europe, due to the coronavirus pandemic,...

The Federal Reserve System (Fed) of the USA, following the results of the July meeting, left the key rate at the level of 0-0.25% per annum. At the same time, the regulator again promised to use “the entire set of support measures” and continue the practice of bond redemption. The Fed also extended the term of emergency lending programs until the end of the year. The regulator separately...