Economics
IMF Head believes coronavirus can affect global economy
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), believes that the outbreak of the coronavirus could have a negative impact on the global economy in the first quarter of this year. She has not yet given a further forecast. “Let's just say that in the current quarter...
Ikea, Starbucks And Others Temporarily Close Stores In China Fur To Coronavirus Outbreak
The rapid spread of the coronavirus in China has forced the Swedish homewares giant IKEA to temporarily close down all of its stores in the country to prevent further spread of the virus, the company announced on Thursday. A day ago on Wednesday, the biggest furniture retailer of the...
EU Defies US Pressure Also Allows Huawei In 5G Networks In Europe
The much anticipated guidelines for its member countries on including the so called high-risk vendors like Huawei in the process of construction of 5G mobile connectivity networks have been issued by the European Union. Under the new set of guidelines, the EU has developed a “toolbox” of...
Fitch downgrades Argentina's rating to "restricted default"
Rating agency Fitch Ratings announced a decision to lower the credit risk assessment of Argentina's long-term debt in local currency from "CC" to "RD". The Fitch report notes that Argentina's short-term issuer default rating in national currency was lowered from "C" to "RD", and its long-term...
Japan trade deficit totals $ 15 billion in 2019
The trade war and a slowdown in China's economy hit exports. According to the results of 2019, Tokyo reduced the balance of foreign trade operations of Japan with a deficit of almost 1 trillion 644 billion yen, that is, about $ 15 billion, the country's finance ministry said. The trade deficit has...
Netflix profit grows, but forecast is gloomy
Netflix stocks fluctuated on Tuesday after the company's report for the IV quarter. The company’s performance was better than expected, but forecast for the first quarter is disappointing. Interestingly, the fourth quarter was the first Netflix financial report since the launch of Disney + and...
Deadly virus outbreak in China scares investors away
The outbreak of the new human-to-human coronavirus has dampened investor enthusiasm for the Chinese stock market, which previously had the fastest growth in recent years. Among the main victims are shares of consumer market companies, tour operators and airlines. The FTSE China A50 stock index,...
Global Growth Forecast Cut By IMF Ahead Of Davos
The global economy will witness a sluggish recovery in 2-020 even though it is on a recovery path, said the International Monetary Fund (IMF). Its global economic growth forecast for 2020 has been lowered by the IMF by 0.1 per cent to 3.3 per cent compared to its predictions made in...
Germany to allocate half a billion EUR for innovation in small business
Young and small companies will receive special support from the state in Germany. Subsidies volume can reach up to €2.3 million. The German Ministry of Economics has developed a program to support small and medium businesses in matters of innovation. This was announced by the media group Funke with...
UK Wants To Start Trade Talks With Us Even Before Brexit Talks
The United Kingdom is likely to start negotiations on trade with the United States even before it initiated Brexit talks with the European Union, claimed a report published in Telegraph. The report cited source information that claimed UK Prime Minister Boris Johnson is likely to seek...
