About 12.07 million new jobs were created in China in the first 11 months of 2021, beating the annual target, figures released by China's state statistics bureau showed on Wednesday. "From January to November 2021, 12.07 million new jobs were created in China's cities and towns, exceeding the annual plan. Separately, the registered urban unemployment rate in November was 5 percent, up 0.1...

Apple and Google's duopoly could limit competition and ecosystem choices for mobile service users, the UK Competition and Markets Authority (CMA) said in an interim report. Earlier this year, the CMA began investigating how Apple and Google interact with their operating systems (iOS and Android), app stores (App Store and Play Store) and web browsers (Safari and Chrome), which together form their...

Bloomberg has published a forecast of major economic risks in 2022. Experts believe that the main threat to markets is the likely escalations around Ukraine and Taiwan, as well as the spread of the new COVID-19 strain. In particular, it is reported that if the omicron strain proves more dangerous than other strains of COVID-19, the global economy could slow to 4.2%. But if it turns out to be less...

According to the Financial Times, the cost of air freight on major routes has reached an all-time high. Last week, costs on routes from Shanghai to North America hit $14 per kg for the first time, according to the Baltic Exchange Airfreight Index and TAC Freight, which track airfreight prices. Airfreight for that route was $8 per kilogram in August. As a result, the price has nearly doubled in...

Experts have noted record inflows into exchange-traded funds around the world, with more than $1 trillion invested in them in 2021. Most of that money went into US index funds managed by Vanguard, BlackRock and State Street. In 2021, inflows into exchange-traded funds (ETFs) around the world reached a record high. This is reported by The Wall Street Journal, citing data from analyst firm...

According to research firm Finbold, 179 businesses have departed the two main US stock markets, the New York Stock Exchange (NYSE) and the NASDAQ, in the last year. The overall number of issuers on these exchanges is at 6,000, down about 3% from the previous year. The NYSE companies were the most commonly delisted, with a 15.3 percent fall in the number of businesses listed there, from 2,873 to...

According to Goldman Sachs, US GDP will expand by 3.8 percent in 2022, lower than the 4.2 percent originally predicted. The omicron strain, according to the bank's economist Joseph Briggs, may impede the economic recovery, reports Reuters. According to this economist, GDP growth in the fourth quarter of 2022 will be 2.9 percent compared to the current quarter, down from a previous estimate of 3.3...

In a study published in the journal Research in International Business and Finance, economists at the Higher School of Economics found that old LEGO kits show a better return on investment over time than stocks of large companies, gold, bonds and alternative sources of investment. The researchers looked at pricing patterns from 1987 to 2015 and found that the average return on investment for LEGO...

US banking giant Bank of America (BofA) predicts the average price of Brent crude will be $85 a barrel next year, the bank's global head of commodities and derivatives research, Francisco Blanch, said. "We believe the average price of Brent crude will be $85 next year. This is our official forecast," Blanch said during the bank's webinar reviewing the energy market for 2022. He noted that the...