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...

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...

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...

Long-term global oil demand remains strong, but problems in the industry will continue after the OPEC + deal to reduce production, said Mike Sommers, director general of the American Petroleum Institute (API). “Forecasts show that long-term demand for oil and natural gas around the world remains strong. In the coming weeks and months, significant problems will remain for our sector and almost...

The price of copper in 2020 will drop by almost 12% to $ 2.4 per pound, according to the Chile Copper Industry Commission (Cochilco). The country is the world’s largest producer of this metal. "The average price of copper in 2020 will be $ 2.4 per pound, which is 11.8% lower than 2019. During the current year, the price will move downward under pressure from growing stocks and excess metal......

The European Central Bank (ECB) is making every effort to support Italy and other Eurozone countries, whose economies have been hit hardest by the consequences of the SARS-CoV-2 coronavirus pandemic. The bank is currently actively buying government bonds for these countries. According to the Reuters news agency, in March 2020, the ECB invested €33.75 billion in the purchase of debt obligations of...

An apocalyptic picture is emerging in the winemaking industry due to a combination of several factors: new duties, crisis of overproduction, biological and climatic threats. In 2018, there were ominous signs in the form of global natural disasters. In the year 2019, the list of fatal threats included political risks. Either pondering the next manifesto of populism, or actually deciding to protect...

Coronavirus control measures, which universally resulted in lower raw material prices, have positively affected the cost of natural uranium. Mining companies are closing mines due to quarantine; as a result of last week, uranium prices jumped 13% immediately to $ 27 per pound. While most metals are getting cheaper amid falling demand, the cost of natural uranium has begun to rise. Spot prices for...

One of the largest cruise operators, the British-American Carnival, is going to attract additional financing in the amount of $6 billion to survive the crisis associated with the coronavirus pandemic and the suspension of cruises. Not only Carnival has difficulties. According to The Economist, the market has problems that are far more long-term and serious than even those in the air...