The International Air Transport Association (IATA), which represents about 290 air carriers in the world, announced a lower forecast for airline profits amid falling demand and increased costs. Back in December 2018, the association predicted that the global air transport industry would make a profit of $ 35.5 billion by the end of 2019; now, however, IATA estimates this figure at $ 28 billion....

The most popular cryptocurrency, Bitcoin, rose by almost 100% in May only. However, it wasn’t the only profitable cryptocurrency asset - other cryptocurrencies and tokens brought yield of several hundred percent since the beginning of the year. Bitcoin (BTH) in April and May 2019 attracted attention of investors once again. In just two months, its  course has grown from $ 4,000 to almost $...

The banking system of the eurozone lagging behind the USA, Japan, Switzerland and the UK after 2008 may be the reason for a further slowdown in global economic growth - this follows from the latest review of the ECB’s financial instability. The ECB also lowered its forecast for growth in the euro area in 2019 to 1.1% of GDP. Future problems, however, are unlikely to cause a systemic banking...

A few years ago, the ECB and the central banks of Denmark, Sweden and Switzerland decided to take a decisive step in combating the debt and economic crisis. They set up to lower the key rates below zero. It was assumed that this would be a short-term emergency measure. However, the rates remain negative, and their side effects are becoming more and more obvious. Negative interest rates don’t let...

Use of machine learning technologies to compile credit ratings can shorten time for issuing loans and increase financial inclusion in developing countries, a report by the International Monetary Fund states. However, preserving human-level control over financial decisions will still be an important safety requirement. Otherwise, decisions of banking programs, inexplicable from the point of view...

The massive outflow of capital from China against the escalation of the trade war with the United States provoked a sharp increase in Bitcoin rate. Is there any chance that the positive dynamics of the cryptocurrency will last longer? In May, private investors and blockchain geeks watched sudden appreciation of the already somewhat forgotten digital asset, Bitcoin, which was a hot investment idea...

Sharp aggravation of relations between Iran and the United States could lead to a new conflict in the Middle East. The United States is reinforcing the military in the region and asking its citizens in the Arab countries to be vigilant. At the same time, the Iranian leadership is calling for the population to resist. Against this background, uncertainty in the oil market is growing. On May 15,...

Facebook, Google and Amazon won an economic victory over the traditional publishing business under current conditions of unequal competition, and this situation requires intervention at the level of EU and national government policies, says Hubert Burda Media executive board member Philipp Welte. “American technology corporations have mastered our markets and are using our content, while...

The cost of bitcoin has updated the ten-month maximum, closely approaching the level of $ 8 thousand. For three weeks, the cryptocurrency added more than 50% in price. Such dynamics can be explained by high interest on the part of institutional investors, who have moved from words to business. Currently, they are registering crypto ETFs, as well as developing infrastructure for working with such...