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Industrial production in China grew in the first two months of 2019 at the lowest rate in 17 years

Industrial production in China for the period from January to February 2018 increased by 5.3% compared to the same period a year earlier, the Office for National Statistics of the country reported. Its report points to a slowdown in growth ...
15.03.2019

National Bank of Georgia has lowered refinancing rate for the second time since the beginning of the year

The National Bank of Georgia announced the decision taken at the March meeting to lower the refinancing rate to 6.5% from 6.75% per annum. This year, the National Bank of Georgia has reduced the rate already 2 times. The regulator said that ...
14.03.2019

The British Ministry of Finance has lowered the forecast for GDP growth in the UK for 2019

British Secretary to the Treasury, Philip Hammond, during a spring appeal to parliament, reported a drop in the forecast for GDP growth in the UK in 2019 to 1.2% from a 1.6% rise expected earlier. The Ministry of Finance left the forecast for ...
14.03.2019

Rothschild family intends to take bank Edmond de Rothschild Group private

Bloomberg reported on the plans of the family of French banker Benjamin de Rothschild to repurchase all shares of the Edmond de Rothschild Group, as well as its intention to delist the Swiss bank founded by Benjamin’s father Edmond de Rothschild ...
14.03.2019

The number of the US durable goods orders rose 0.4% in January

In January, the number of orders for durable goods in the United States rose by 0.4% compared to December, when there was an increase of 1.3%, the country's Department of Commerce reported. This came as a surprise to economists, since they ...
14.03.2019

Adidas increased revenue in 2018 to a record level

German sports goods manufacturer Adidas reported that in 2018, revenue and profit margins reached record levels due to substantial sales growth in North America and China, as well as due to increased sales through online stores. Revenues amounted ...
14.03.2019

Annual profit of the world's largest clothing retailer increased by 2%

Spanish company Inditex, which owns large chains of clothing stores, reported on the results of the fiscal year ended January 31. According to its accounts, net profit amounted to 3 billion 440 million euros, having increased over the year ...
14.03.2019

Nissan intends to withdraw the Infiniti brand from Western Europe

The reporting of the Japanese automaker Nissan at the end of last year showed weak sales of Infiniti cars in the European market, which caused the company’s decision to withdraw this brand from the Western European market in early 2020. The ...
14.03.2019

India’s inflation accelerated to 2.57% in February

Consumer prices in India fell in February compared with January by 0.07%, official data showed. At the same time, annual inflation accelerated to 2.57% from the January level of 1.97%, but its value remains well below the target level of the ...
14.03.2019

Brexit without a deal will result in a loss of 2.35% of GDP for Belgium

Belgium may lose more than 42 thousand jobs and 2.35% of GDP due to the UK's withdrawal from the EU without an agreement. This was announced to journalists in Brussels by the representative of the Federation of Belgian Enterprises, Peter Timmermans. ...
14.03.2019

Worldwide spending on artificial intelligence will grow by 38% annually

Analysts of the international research company International Data Corporation predict that in 2019 the cost of artificial intelligence systems in the world will grow by 44%, reaching almost 35 billion 800 million dollars. In the future, each ...
14.03.2019

German carmaker Volkswagen reported on the results of 2018

The report of German automaker Volkswagen for 2018 showed a net profit increase of 6.1% to 4 billion 620 million euros and an increase in revenue by 1.7% to 78 billion euros. According to the annual report, the Volkswagen Group, which owns ...
13.03.2019

UK industrial production rose 0.6% in January

The UK recorded industrial production growth of 0.6% in January against a decline of 0.5% in December, data from the Office for National Statistics showed. Economists had predicted an increase in the monthly index by 0.2%. In annual terms, ...
13.03.2019

The US proposed budget for 2020 provides for a deficit of more than 1 trillion dollars

The US proposed budget for the 2020 fiscal year, sent to Congress by President Donald Trump, provides for expenses amounting to 4 trillion 700 billion dollars. This amount also includes the cost of a wall that should be built on the Mexican ...
13.03.2019

The UK economy recovered in January after a weak December

The GDP of the UK for the period from November to January increased by 1.1% compared to the same period a year earlier, official data showed. Thus, despite the continuing uncertainty as the UK’s EU exit approaches, the country has returned ...
13.03.2019

Uniper reduced its net loss by more than 30% in 2018

Energy company Uniper reported a 31.1% reduction in net loss in 2018 to 452 million euros. Revenue amounted to 78 billion 180 million euros, an increase of 8.2% over the last year. At the same time, the company recorded a decrease in the adjusted ...
13.03.2019

The Netherlands in 2018 recorded the first in its history natural gas trade deficit

The natural gas trade deficit in the Netherlands in 2018 amounted to 2 billion 100 million euros. As reported by the statistical office CBS, the negative balance in this trade area was recorded for the first time in the history of the largest ...
13.03.2019

Inflation in the US slowed down in February to the lowest level since September 2016

In February, consumer prices in the United States increased by 0.2% compared to January, when the monthly figure did not change, the country's Department of Labor reported. In annual terms, prices rose by 1.5%. Compared with their increase ...
13.03.2019

Saudi Arabia continues to reduce oil production and exports

Saudi Arabia is actively reducing production and export of oil, because for balancing the country's budget it needs oil prices to reach $80 per barrel. To realize this goal, Saudi Aramco, the state-owned company, intends to reduce the supply ...
13.03.2019

Volkswagen plans to release 22 million electric vehicles over the next 10 years

After the release of the report for 2018, German automaker Volkswagen announced plans to bring the number of models of electric vehicles it produces to 70 units by the end of 2028, releasing 22 million electric cars over the next 10 years. ...
13.03.2019
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