The Competition and Markets Authority (CMA) of Great Britain has published its proposals for “introducing a new regulatory regime that promotes competition to tackle Google’s and Facebook’s market dominance.” Among other things, the watchdog proposed creation of a new department for digital markets, which will primarily regulate the online advertising market. In addition, CMA wants to draw up a...

International investors have significantly reduced their interest in risky assets. Over the past week, the net outflow of funds from equity funds of developed countries amounted to $ 4.6 billion, from emerging markets funds - $ 2.6 billion. Investors are reducing investments in commodity funds focused on investments in oil, amid growing risks of a slowdown in the global economy due to a sharp...

The Board of Governors of the Bank of Mexico announced the fourth drop in the interbank interest rate to 5% this year amid the unfolding crisis caused by the COVID-19 pandemic. "Given the risks to inflation, economic activity and financial markets, serious challenges are expected for monetary policy and the economy as a whole... In the presence of all its members, the Governing Council...

American gas liquefying projects are massively postponing commissioning of new capacities amid falling world prices, which is why their growth in 2021–2022 may become minimal. According to Platts, it is possible that in the coming years not a single investment decision will be made on new LNG projects in North America. The operator of the American LNG project Freeport LNG postponed adoption of an...

The global economic downturn will be more significant than expected in April, and will amount to 4.9% in 2020, while growth in 2021 will be weaker, follows from the updated forecast of the International Monetary Fund (IMF). The most significant adjustments of the estimates were made for the euro area and the USA, where the economies this year will decline by 8-12%. This year, global GDP will...

The Central Bank of Brazil has suspended implementation of digital payments in WhatsApp messenger, Bloomberg reports, citing a statement by the Central Bank. It is noted that the bank ordered Visa and Mastercard to stop conducting any operations and money transfers through WhatsApp. According to the bank’s statement, the halt will allow the watchdog to assess any possible threat to the...

An expert at Deutsche Bank warned that investors would abandon the dollar if the second wave of the COVID-19 coronavirus pandemic begins. According to him, the US exit strategy from restrictions looks worse than that of other countries. Investor demand for the US dollar as a reserve currency could drop significantly if the second wave of coronavirus starts, Deutsche Bank macro strategy chief on...

COVID-19 coronavirus spreading from China caused serious damage to the business and economies of many countries of the world. However, at the same time, it contributed to revenue growth for companies engaged in the areas of Internet commerce, online entertainment and other digital services. The Chinese IT corporations decided to seize the moment: now, they intend to conquer the whole world as...

The coronavirus pandemic did not have a significant impact on the world's largest mining companies. According to PwC estimates, the total revenue and EBITDA of the 40 the sector’s largest players by the end of the year will decrease by only 6%. Even lower oil prices are playing into the hands of companies, as energy costs account for a quarter of direct costs. At the same time, a reduction in...