U.S. court ordered Telegram to inform the US Securities and Exchange Commission on any assets transferred to buyers of Gram tokens. The company will also need to provide data on contacts with customers related to cancellation of the initial placement of cryptocurrency. The Federal Court of Southern District of New York State ordered Telegram’s owner Pavel Durov to transfer inform the US...

China's exports in April showed unexpected growth, up 3.5% after falling in the first quarter. At the same time, imports sank even more than in March - by 14.2%, according to foreign trade statistics. Experts believe that export support was provided by orders for medical products, but in the future, China will face the consequences of weakening external demand. In April, China's exports grew by...

Economists at U.S. investment banks Goldman Sachs and Morgan Stanley believe that the global economy has begun to show signs of gradual recovery. In the analytical reports for investors, they said that this was due to the gradual weakening of quarantine measures in some regions of the world that were introduced earlier to combat the COVID-19 coronavirus pandemic. “Economic activity is starting to...

The coronavirus pandemic has dramatically changed the global demand structure for gold. In the jewelry industry, amid falling sales of jewelry, primarily in India and China, gold is now almost unnecessary. At the same time, professional investors are actively increasing their purchases amid expectations of rising inflation and a global recession. According to the World Gold Council (WGC), in the...

Brazilian oil and gas company Petroleo Brasileiro (Petrobras) set a record for oil exports in April, pushing the bar to 1 million barrels per day, or up to 30.4 million barrels per month, the company said. "We exported 1 million barrels of oil per day in April. This is a new record. The previous record was set in December 2019 and amounted to 771 thousand barrels per day," the company’s statement...

The coronavirus pandemic and venture capital shortages are pushing leading young technology companies to attract new investments at a discount to their estimates. Silicon Valley is waiting for mass layoffs, experts warn. Leading young technology companies from Silicon Valley are lowering their own ratings in order to attract new investments amid the coronavirus pandemic and related economic...

The global energy demand amid the pandemic will decline by 6% in 2020. It will be the strongest decline in consumption over the past 70 years, follows from a new forecast by the International Energy Agency (IEA). Demand for oil may fall by 9%, for coal - by 8%, for gas - by 5%. Simultaneously, carbon dioxide emissions will significantly decrease this year in the world. The COVID-19 pandemic has...

International investors are actively increasing their investments in oil. According to Emerging Portfolio Fund Research (EPFR), the respective funds have received $ 4 billion over the past week, and over $ 11 billion - over the past five weeks. However, these volumes are not enough to compensate for the falling oil demand due to quarantine measures taken around the world. EPFR data indicate a...

Boeing Co. CEO David Calhoun expects a slow recovery in the global airline industry. On Monday, Head of the American aircraft manufacturing concern outlined the sad prospects for world aviation, speaking at the annual meeting of shareholders. It does not imply a return of air travel volumes to the level of 2019 within two to three years, reports The Wall Street Journal. “The crisis (due to the...