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Google CEO, Sundar Pichai, told about the plans of the corporation to invest in housing construction in the San Francisco Bay Area over the next decade Bay area. According to him, $750 million will be allocated for the construction of about ...
Large Chinese companies with high levels of debt and foreign investment have recently been selling off their assets in connection with China’s struggle with risky loans and overseas transactions. According to the South China Morning Post, ...
Annual price inflation in Canada amounted to 2.4% in May, accelerating against the April value of 2%, official statistics showed. According to economists, the figure was expected at 2.1%. The main contribution to the acceleration of inflation ...
Over the past week, the total number of applications for mortgage lending in the United States decreased by 3.4%, but compared with the same period a year earlier, the figure jumped by 31.6%, the Mortgage Bankers Association reported. At the ...
In May, the inflation rate in the UK again matched the target value of the Bank of England. As reported by the British Office for National Statistics, inflation in the country marked a level of 2%, having dropped from the April value of 2.1% ...
On Tuesday, Goldman Sachs analysts' forecast for the growth of zinc production in China pushed prices for this metal to decline. The bank's experts expressed the opinion that the metallurgical companies of China would postpone the planned repair ...
In May, the first increase in car sales was observed in Europe after 8 months of continuous decline. According to the European Automobile Manufacturers' Association, 1.443 million vehicles were sold in European countries, the figure compared ...
According to the forecast of the American airline Boeing, the world fleet of civilian aircraft in the next 20 years will have to be updated to 44.04 thousand aircraft in the amount of 6.8 trillion dollars, and it will require 9.1 trillion dollars ...
Experts from the Institute for Economic Research (IFO) published a new report, according to which the German economy in 2020 will grow by 1.7%, and not by 1.8%, as previously estimated. At the same time, the growth forecast for the current ...
The American car manufacturer General Motors intends to begin production of electric cars under the legendary brand Hummer, Bloomberg reports. Thus, the once famous and very popular brand will reappear in the global automotive markets. It is ...
On Tuesday, the American company Facebook reported its plans to release its own cryptocurrency Libra in 2020. The company, which owns the world's largest social network, intends to ensure that the new cryptocurrency, tied to the dollar and ...
A report by ZEW noted a sharp decline in economic confidence in Germany in June. The index of investor confidence in the German economy fell to minus 21.1 points from the May value to minus 2.1 points. The June value was the lowest since November ...
The final Eurostat data on annual inflation in the euro area in May coincided with a preliminary estimate of 1.2% and confirmed the forecasts of economists. Last month, inflation slowed relative to its April value of 1.7%. Relative to the previous ...
Deutsche Bank's planned reorganization of trade operations also includes the creation of a bank of “bad” assets, the Financial Times reports, citing sources. In the course of the reorganization, trading in stocks and derivatives ...
Ren Zhengfei, founder and chief executive officer of the Chinese telecommunications company Huawei Technologies, estimated its losses from US sanctions at $30 billion in revenue over the next 2 years. He expects revenue in this and next years ...
Deutsche Lufthansa, the largest aviation concern in Europe, announced a decrease in the forecast for the current year, due to fierce competition from European low-cost carriers, as well as overcapacity in the European market. The company now ...
For the first time since May 2018, the bitcoin rate exceeded 9 thousand dollars. On Sunday, according to CoinDesk, bitcoin went up to 9,385 dollars. The price of the world's leading cryptocurrency over the past 30 days has increased by 22%. ...
In the first quarter, in the euro area, wage growth accelerated to 2.5% in annual terms from 2.3% in the previous quarter. This was reported by Eurostat. The weakening of external demand has a negative impact on the euro area economy, while ...
China's Alibaba Group, working in the field of Internet commerce, in order to become more flexible in raising capital, decided to divide ordinary shares by 8. The operator of the world's largest trading electronic platform submitted a corresponding ...
India decided to increase duties regarding 28 items from the United States from June 16. It will cost American companies about 200 - 300 million dollars, experts calculated. India, the volume of duty-free shipments of which to the United States ...
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