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...

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...

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...