China's automotive manufacturing sector has recovered significantly in the first eight months of 2020, Xinhua reports. Profit in China's automotive sector grew 1.5% year on year to 308.48 billion yuan (about $45.3 billion) from January to August this year against a 5.9% decline from January to July, according to the China Automobile Manufacturers Association, citing data from the National Bureau...

On Monday, the Greek Ministry of Finance submitted to Parliament a draft state budget for 2021, which provides for a 7.5% GDP growth and reduction of the primary state budget deficit (excluding external debt payments) to 1% of GDP. The Ministry of Finance of Greece submitted to the Permanent Commission on Economic Affairs of the Parliament a draft state budget for 2021, which provides for "a GDP...

The Swiss bank UBS has published a new version of the UBS Global Real Estate Bubble Index. The bank’s analysts have studied the prices of residential real estate in 25 major cities around the world. The highest risk of a “bubble” in the market, as in 2019, was in Munich: the bank's assessment was 2.35. Last year it was 2.01. The second place was taken by the German Frankfurt am Main, which closed...

In the third quarter, the volume of mergers and acquisitions (M&A) in the world exceeded $ 1 trillion, thus turning out to be a record since 1998, when the publication of such information began. This is the data of the research company Refinitiv, quoted by Reuters. The increase in comparison with the second quarter, when the number of transactions significantly decreased with the spread of the...

Analysts of the American investment bank Goldman Sachs saw "good opportunities and potential" in the currencies of some emerging countries, reports CNBC.  As the bank's analysts noted, "it may be too early to bet on the currencies of developing countries with a high level of risk and high potential yield, but it is not too early to properly consider the possibilities of such assets when the...

World exports in the second quarter of this year experienced an unprecedented decline: in monetary terms, the total volume of trade in annual terms dropped by 21% at once, in physical terms (excluding the decline in energy prices and a number of other factors) - by 14.3%. Experts note that in the summer, world trade was actively recovering, but now leading indicators of the state of business...

The organization that manages the real estate of the British monarchy reported a decrease in the value of its assets by more than $ 700 million due to the spring quarantine. Despite this, it managed to earn a profit for the treasury. The Crown Estate, which manages real estate in West London and the UK countryside on behalf of the Queen, said its asset value fell by $ 716 million following a...

Microsoft founder Bill Gates believes the coronavirus epidemic will end "at its best" in 2022. According to him, if the use of the vaccine is approved at the beginning of 2021, then the situation "will begin to return to normal" by the summer in the United States, and by the beginning of 2022 "activities will return to normal." He believes that for this, the United States should help other...

Prices for precious metals fell 1-4.5% on September 17, returning to the levels of a week ago. The bearish play was promoted by the results of the meeting of the Federal Reserve System (Fed): it did not expand the monetary stimulus, which was expected by the market participants. Gold lost the least in price, although if the correction continues, the quotes may drop by another 2%. After the rise,...