The Chinese authorities are preparing for a kind of “arms race” with the United States in the field of microelectronics, writes Bloomberg. Beijing is preparing protectionist measures to circumvent restrictions imposed by the administration of us President Donald trump. According to sources of the publication, the Chinese government is preparing to launch a large-scale program […]
Europe’s recovery from the effects of the crisis triggered by the coronavirus pandemic and the collapse in oil prices has stalled. According to Bloomberg, the culprits could be Spain and Italy and a reduction in their GDP. According to the IHS Markit index, which is an indicator of economic health, output rose only in manufacturing […]
German Finance Minister Olaf Scholz called on European countries to implement the European banking Union (EBA) initiative faster, writes Reuters. “It is important not to dwell on one issue,” said Scholz, referring to the single European Deposit insurance system (EDIS). — If we want to create a banking Union, all countries must move towards a […]
The largest brothel in Europe, Pascha, which is located in Cologne, went bankrupt due to the coronavirus. This is reported by the local newspaper Express. “This is unthinkable, but on Tuesday I filed for bankruptcy in the local court,” admitted the Manager of the brothel, Armin Lobscheid. He explained that the brothel spent all its […]
In the US, the stock market experienced the strongest fall since the beginning of June. At the same time, one of the engines of its growth, Apple, whose value this summer exceeded two trillion dollars, collapsed by 8 percent, which means a loss of almost 180 billion dollars, according to trading data. The collapse was […]
The US national debt may exceed the size of the economy next year, for the first time since world war II. This is reported by the Wall Street Journal with reference to the report of the congressional Budget office. According to the Agency’s estimates, the national debt will be equal to 100 percent of the […]
Amazon, owned by the world’s richest man, Jeff Bezos, has developed a system of total control and spies on employees, according to a study by the human rights organization “Open markets Institute” (Open Markets Institute). During the coronavirus pandemic, the retailer introduced a system that uses artificial intelligence to track employee movements. Video surveillance is […]
A weak dollar is the only support for oil and can increase its prices, according to analysts polled by CNBC. Like most commodities that are traded internationally, oil is denominated in dollars. The cheaper the dollar, the higher the product prices set in it. The us currency is likely to remain weak until 2021 due […]
Anatoly Chubais, the head of RUSNANO Corporation, criticized the draft law on regulating carbon emissions, which has been under development for several years. In his opinion, the current project is completely “toothless” and it needs to be tightened. Chubais believes that the document, which is now available, can be thrown in the trash, reports RBC. […]
Ex-wife of the founder of Amazon, the world’s richest man Jeff Bezos (Jeff Bezos) Mackenzie Scott became the wealthiest woman on the planet. This follows from the rating Bloomberg Billionaires Index. Mackenzie Scott’s fortune reached $ 68 billion, which gave her the 12th place in the ranking of the world’s rich. She overtook the granddaughter […]