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The Commission appointed by the Government of Germany proposed to stop using coal in the electric power industry until 2038. Such a solution will help prevent climate change. The commission has been discussing this issue for several months, ...
One of the largest manufacturers of construction and mining equipment, American Caterpillar Inc., increased profit 8.2 times compared to 2017. Earnings rose to $6.147 billion. Earnings per share were $10.26 compared with $1.26 last year. Revenue ...
Germany will begin to purchase liquefied natural gas (LNG) from the United States after the manner of Poland and the Baltic countries. German energy company, Uniper SE, a partner of Gazprom, announced the signing of a contract with the European ...
The Chinese authorities have allowed an international rating agency to access their domestic market. S & P Global Ratings creates a subsidiary of S & P Credit Rating (China) Co. in China, the People’s Bank of China said. The National ...
The contract manufacturer of gadgets, Pegatron, which accounts for about 30% of Apple's orders, expands production outside of China. The company will open offices in Indonesia, Vietnam and India. Pegatron president reports that the pace of ...
The state-owned oil company, Saudi Aramco, will buy about 20% of the shares of the oil refining company from South Korea, Hyundai Oilbank. The deal value will amount to $1.6 billion, Reuters reports. Saudi Aramco will buy up to 19.9% of the ...
A survey conducted by analysts at the ECB showed a decline in growth forecasts for the euro area in 2019. Previously, the growth of the EU economy was expected at 1.8% in 2019. The current expert rating was 1.5%. Analysts predict inflation ...
Airbus representatives announced the transfer of production from the UK, if the Brexit deal is not reached, Bloomberg reports. In this case, jobs and transparency for businesses in Britain will be at risk. Airbus produces wings for airplanes ...
UK banks have issued fewer mortgage loans in December compared with November, Reuters reports. The total amount of loans dropped to 1.235 billion pounds. This is the lowest value since 2016. Banks issued 6% more loans than a year ago, but less ...
A survey of 103 British retailers showed that retail sales in January remained at the same level. In December, the figure fell by 13%, and analysts had expected it to grow in early 2019. In 2018, sales fell to the level of November 2011 and ...
In January, the business climate index in Germany fell to 99.1 points against the value of December at 101 points, the Ifo research institute reported. The indicator reached its lowest level since February 2016. Experts had predicted a decline ...
Norway has set a new record in sales of cars on new energy sources. In 2018, the share of green cars sold in the country was 31.2% against 20.9% in 2017. If we include hybrid models in this number, the percentage will increase to 49.1% against ...
Net profit of Sinopec, the Chinese oil and gas company with a high share of state capital, grew by 22.04% in 2018. The company received $9.18 billion last year, Sinopec representatives say. Earnings per share rose to $0.08 versus $0.06 in 2017. ...
The Chinese smartphone market declined by 11% in the last quarter of 2018, analysts at Strategy Analytics report. Device shipments to China have declined for the fifth time in a row. In the fourth quarter of 2018, about 108 million smartphones ...
Sales of American liquefied natural gas (LNG) to Europe increased fivefold, due to which the Eurozone countries became the main buyers of LNG from the United States. Europe bought more natural gas from the United States than South Korea and ...
The cost of shipping has been falling over the past six months, indicating that the global economy has slowed down, Reuters reports. The Baltic Dry Index shipping cost indicator has fallen by 47% since the summer of 2018. Baltic Dry takes into ...
The European Central Bank (ECB) will continue to reinvest funds from the redemption of securities. Shares were bought back as part of a quantitative easing program (QE), which ended in late 2018. ECB advisers expect interest rates to remain ...
The United States will become a net exporter of oil by 2020 due to increased production, according to a report by the Information Department at the US Department of Energy. As oil product production grows, the United States will reduce domestic ...
The volume of China’s trade with the countries of the “One Belt, One Road” initiative grew by 16.3% last year. Trade with these countries accounted for 27.4% of the country's foreign trade relations. In 2018, China imported goods worth $563 ...
Britain’s withdrawal from the EU without a deal threatens the growth of Scotch whiskey exports, Reuters reports, citing the Scotch Whiskey Association. Brexit without an agreement will be the reason for the complication of trade between the ...
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