The French government will provide € 21 million (about $ 25 million) to support projects for the reuse of used electronics, Bloomberg reports. French Minister for Digital Technologies Cédric O said that the government discussed several options for implementing a program to reduce the negative environmental impact of manufacturers of electronic devices.  The idea of introducing an...

The demand for oil in the world will stop growing only at the end of the 2030s, after which it will remain stable until at least 2045, according to the OPEC annual analytical report. This is a kind of the oil cartel’s response to the numerous estimates that have emerged recently, according to which the historical peak in oil demand was passed in 2019. OPEC also expects the oil market to fully...

The US economy is recovering from the coronavirus pandemic faster than expected, but the virus is still causing extreme uncertainty about the outlook, said Jerome Powell, head of the US Federal Reserve on Tuesday. "The recovery is moving faster than expected. The latest forecasts from the Federal Open Market Committee participants at our September meeting showed that the recovery continues at a...

China's automotive manufacturing sector has recovered significantly in the first eight months of 2020, Xinhua reports. Profit in China's automotive sector grew 1.5% year on year to 308.48 billion yuan (about $45.3 billion) from January to August this year against a 5.9% decline from January to July, according to the China Automobile Manufacturers Association, citing data from the National Bureau...

On Monday, the Greek Ministry of Finance submitted to Parliament a draft state budget for 2021, which provides for a 7.5% GDP growth and reduction of the primary state budget deficit (excluding external debt payments) to 1% of GDP. The Ministry of Finance of Greece submitted to the Permanent Commission on Economic Affairs of the Parliament a draft state budget for 2021, which provides for "a GDP...

The Swiss bank UBS has published a new version of the UBS Global Real Estate Bubble Index. The bank’s analysts have studied the prices of residential real estate in 25 major cities around the world. The highest risk of a “bubble” in the market, as in 2019, was in Munich: the bank's assessment was 2.35. Last year it was 2.01. The second place was taken by the German Frankfurt am Main, which closed...

In the third quarter, the volume of mergers and acquisitions (M&A) in the world exceeded $ 1 trillion, thus turning out to be a record since 1998, when the publication of such information began. This is the data of the research company Refinitiv, quoted by Reuters. The increase in comparison with the second quarter, when the number of transactions significantly decreased with the spread of the...

Analysts of the American investment bank Goldman Sachs saw "good opportunities and potential" in the currencies of some emerging countries, reports CNBC.  As the bank's analysts noted, "it may be too early to bet on the currencies of developing countries with a high level of risk and high potential yield, but it is not too early to properly consider the possibilities of such assets when the...

World exports in the second quarter of this year experienced an unprecedented decline: in monetary terms, the total volume of trade in annual terms dropped by 21% at once, in physical terms (excluding the decline in energy prices and a number of other factors) - by 14.3%. Experts note that in the summer, world trade was actively recovering, but now leading indicators of the state of business...