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The US economy is on the mend

webadminAugust 27, 2020

Several indicators indicate that the US economy is on the mend and is gradually recovering from the effects of the coronavirus pandemic and the resulting crisis, writes Reuters. Among the indicators analyzed by the Agency are data on the state of retail and unemployment, the Oxford index of economic recovery, as well as statistics on the opening of new jobs. All of them show positive dynamics. Some statistics seem illogical at first glance. Thus, the expiration of the period during which unemployed Americans could count on additional benefits did not lead to a decrease in aggregate demand from the population. The volatility index, calculated by the Chicago Board of options (CBOE) and also known as the "fear index", is close to the February values. This indicates a positive mood o...

BusinessTechUncategorizedWorld

Europe’s largest economy faces “zombie companies”

webadminAugust 26, 2020

In Germany, there are more and more so-called zombie companies that can eventually undermine the economy for many years to come. Thousands of such businesses are unable to cover their debt service costs at the expense of profits, writes the Financial Times. Under a government decree introduced in March, German companies affected by the pandemic are not required to file for bankruptcy. The Minister of justice Christine Lambrecht wants to extend this decision until March of next year. However, many economists believe that it is better to let such firms close than to keep them on artificial life support. The government of Europe's largest economy is spending billions on job-saving programs, cheap loans to companies, and rehabilitation of large firms facing bankruptcy. It is estimate...

BusinessStoriesWorld

The European economy has changed its mind about recovering

webadminAugust 24, 2020

The recovery of the Euro zone economy after the deepest recession in history slowed in August, especially in the service sector. CNBC writes about this. Many quarantine measures imposed due to the coronavirus pandemic were lifted, so business activity last month grew at the fastest pace since mid-2018. However, in some European countries, there was a repeated spike in the incidence of the disease, which again led to restrictions being imposed. The IHS Markit index, which is an indicator of economic health, fell from 54.9 to 51.6 points in August. The recovery lost momentum due to weak demand, and people changed their minds about spending money, said Andrew Harker, Director of Economics at IHS Markit. The employment index fell to 47.7 from 47.9. Europe will need two years or more to f...

ScienceStoriesTechWorld

Lavrov called on Kiev to stop playing tricks on everyone

webadminAugust 17, 2020

Russian foreign Minister Sergei Lavrov called on Kiev to stop playing tricks on everyone and start implementing the Minsk agreements. The foreign Minister said this in an interview with the Trud newspaper, RIA Novosti reports. According to the Minister, this document, which was approved by the UN security Council and signed by Ukraine, contains a provision on constitutional reform, which involves the decentralization of power and securing the special status of certain districts of the Donetsk and Luhansk regions. The Minister noted that giving special status to these territories is the key to resolving the crisis in Ukraine and resolving security, socio-economic and humanitarian issues. Lavrov also added that Ukraine comes up with some excuses every time and does not fulfill its obliga