Thomas Reynaud, CEO of Iliad, which owns the French mobile operator Free, complained that the country's authorities did not allow his company to use Huawei equipment to create a 5G communication network. At the same time, there is no formal ban on cooperation with Huawei in this area in France, and other operators are working with the Chinese supplier. “We have not received permission to host...

Head of government of Mexico City, Claudia Sheinbaum, presented a plan to reactivate the region's economy in the amount of $ 5.3 billion, under which the city will create 300,000 direct jobs lost as a result of the COVID-19 pandemic. "We estimate private investment of 75 billion pesos ($ 3.45 billion). Over the last five months of this year and the first months of next year to create 300,000...

National Statistics Office of India released data for the first quarter of the 2020-2021 fiscal year, which ended at the end of June. India's GDP during this period fell by 23.9% compared to the first quarter of last year. This is the largest decline since 1996, when India began publishing quarterly data. The decline turned out to be stronger than analysts expected: they forecasted that GDP...

In the second quarter of 2020, the Canadian economy contracted by a record 11.5% from the previous quarter and entered a recession due to the coronavirus, the country's statistics office said. In annual terms, Canada's GDP in April-June fell by 38.7%, and this is also a record. Analysts predicted a 12% contraction in the economy qoq, Trading Economics reminds. In the first quarter, GDP fell by...

The economies of developed countries in quarterly terms in April-June dipped by 9.8%. This is almost four times more than at the peak of the financial crisis of 2008-2009, according to the OECD data. Nevertheless, experts are already improving their own forecasts for the growth of the world economy: for example, according to Moody’s, the decline will not exceed 5% in the G20 countries at the end...

Bolivia's Foreign Minister and Charge d'Affaires of the United States signed a memorandum of understanding as part of the Growth in the Americas initiative, the Latin American country's foreign ministry said. The document was signed after 9 months of the reign of the interim President of Bolivia, Jeanine Áñez. The former head of the country, Evo Morales, has criticized US policy towards Latin...

India intends to gradually abandon the use of equipment of Huawei Technologies and other Chinese companies in its telecommunications networks in connection with the recent aggravation of relations between the two countries, writes the Financial Times, citing informed sources. As a result, Huawei, which previously faced tough US restrictions, could lose access to one of its most important markets....

US presidential candidate from Democrats Joe Biden said that if elected, he would raise taxes for those who earn more than $ 400 thousand a year, but for those who earn less, there will be no new taxes. “I will raise taxes for those who receive more than $ 400 thousand. Why? Because the time has come for them to start paying their share of the economic responsibilities that we have. I am not...

The administration of US President Donald Trump is considering the possibility of introducing additional sanctions against Venezuela to end the remaining oil trade operations with that country, Bloomberg reported, citing a source. According to the agency, the sanctions may affect deals with companies in Europe and Asia. US officials have been discussing the move for several months, but initially...