The trade balance of China in May 2020 was a record high - $ 62.9 billion, the PRC customs said. The growth is explained by a limited decline in exports - by 3.3% - with a sharp contraction of imports - by 16.7%. China's exports in May fell again - by 3.3%, to $ 206.8 billion, compared with the same period last year, while imports showed a bigger decline - by 16.7%, to $ 143.9 billion, resulting...

Following a meeting on Thursday, the European Central Bank (ECB) announced an additional increase in its asset repurchase program by another € 600 billion to € 1.35 trillion. The regulator explained his decision by an unprecedented decline in the currency bloc’s economy and an additional decrease in inflation forecasts. The recession and support measures will lead to a sharp increase in funding...

In connection with protests and unrest in the United States, Lego refused to promote its kits with toy police officers, firefighters, criminals, sniffer dogs and handcuffs - more than 30 sets in total, The Toybook reports. The figurines will remain on sale, including through the company's website, but they will no longer be advertised on social networks. “We asked our partners to refrain from...

Starting from June 8, the Chinese aviation authorities will allow all foreign airlines, which were forced to refuse to fly to this country because of the COVID-19 coronavirus pandemic, choose one destination airport and perform one regular flight per week, China Civil Aviation reported. The list of these airports is approved by the Chinese authorities. Companies wishing to resume flights must...

Argentina, which is in default, has extended the negotiations on debt once again - until the evening of June 12, the Ministry of Economy said. "Argentina said it had offered debt holders an extension of the period (of debt negotiations)... from 5 p.m. June 2 New York time to 5 p.m. June 12," the statement reads. The authorities of Argentina maintained active negotiations with investors....

Residents and authorities in the United States seem to be tired of riots caused by the murdered African American George Floyd. On Sunday night in Minneapolis, where the riots started, the police first acted harshly, stopping rioters from breaking curfews. Calls for an end to the atrocities are now heard from both sides of the political spectrum and from representatives of the general public...

This year, the global economy will decline by 4.6% and will return to the pre-virus level no earlier than mid-2022, follows from an updated forecast by the Fitch rating agency. The most pronounced decline will be observed the euro area - in Italy, Spain and France it will exceed 9%. Global GDP will decline this year by 4.6% (not by 3.9% as expected at the end of April). Next year, it will grow by...

Three years ago, three major global pharmaceutical companies did not support the EU proposal to develop high-speed vaccines for pathogens, in particular, such as coronaviruses, The Guardian reported on Monday. According to the newspaper, the plan included intensification of work on vaccines and their approval in the framework of the Innovative Medicines Initiative partnership. The Board of...

The Chinese authorities decided to finally fix the "Hong Kong problem": a draft resolution "On National Security" was introduced for the consideration of the session of the All-China Assembly of People's Representatives. The document provides for unprecedented restrictions on freedom in the “free city” and risks putting an end to the principle of “one country - two systems”. Moreover, Beijing...