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Global Economic Landscape Shifts As Central Banks Eye Interest Rate Cuts Amid Market Resilience 09/02/2024

Defense spending in EU countries grows to €300 billion 09/02/2024

Marathon Oil shareholders approve merger with ConocoPhillips 09/02/2024

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Economics

Ocean Worth $1 Trillion or How to Use the Arctic

Guggenheim Partners estimated total global investments in the Arctic. They totaled $ 432.4 billion. According to the company’s experts, sustainable development of the region will require $ 1 trillion, that is, other $ 567.6 billion are currently lacking. For new investments in the North Pole not to...

Global Stimulus Hopes Pull up China Share to End Higher

In a relatively muted response to hints of more policy stimulus in Europe and Japan that prompted a robust rally in battered oil prices and equities elsewhere, China's fragile shares ended higher on Friday. The benchmark Shanghai Composite Index managed a rise of just 1.25 percent,...

Deutsche Bank: Cash Will Disappear in 10 Years

According to General Director of Deutsche Bank John Cryan, development of digital technology will soon lead to disappearance of cash from circulation. During a panel discussion 'The Transformation of Finance' organized by the Davos forum, head of the Germany's largest private bank said that most...

Top Oil Exporting Nations Take up Green Energy due ot Slump in Oil Prices

Some of the world’s biggest oil exporters are trying to curb domestic consumption of fossil fuels and invest in wind and solar power, due to the oil price slump below $30 barrel, according to government officials meeting in Abu Dhabi. Saudi Arabia, Russia, Iran, Kuwait, the United Arab...

World Economic Forum: Four Major Themes

On Wednesday, the world elite gathers for the annual conference of the World Economic Forum in Davos. There are 2 600 participants, who pay $ 25 thousand for the privilege of taking part in the conference - from Christine Lagarde, head of the IMF, and David Cameron, the British Prime Minister, to...

Emerging Economies Going Downhill Fast, say Economists in Davos

As once-booming economies appear trapped in a slow-bleeding cycle of weak growth and investment, more than a trillion dollars of investment flows has fled emerging markets over the past 18 months but the exodus may not even be halfway done and leaders gathering for this year's World Economic Forum...

Following China’s Slow Growth Data, IMF Cuts Global Growth Forecast

Following new figures from Beijing that showed that the Chinese economy grew at its slowest rate in a quarter of a century in 2015, the International Monetary Fund cut its global growth forecasts for the third time in less than a year on Tuesday. A sharp slowdown in China trade and weak...

Market Rise on Hopes of More Government Stimulus as China's growth hits quarter-century low

Igniting hopes that Beijing would cushion the slowdown with more stimulus policies following revelation of China's economy which grew at its weakest pace in a quarter of a century last year, there were rallies on the country's rollercoaster share markets. Capping a tumultuous year that...

Will Robots Occupy Our Work Seats?

By 2020, advances in technology will reduce the number of world’s jobs by the 5 million - such data are quoted in the report of the World Economic Forum (WEF) "The Future of Jobs", which analyzes the economies of the developed countries, the countries - participants of the Association of Southeast...

Head of the European Commission Announced Failure of the EU's Efforts on the Refugees Distribution

Only 272 refugees out of planned 160 thousand were transported from Turkey and Greece to other countries, said head of the European Commission. He also stressed the need to reform the Dublin agreement. European Commission President Jean-Claude Juncker said on Friday, January 15, that the EU's...