Economic news

Chinese automaker Geely reported a net profit of 4.9 billion yuan in 2021. Compared to the previous year, the indicator decreased by 12.4%. The company explained that the decrease in profits is due to the payment of large compensations to its employees. For this purpose, funds for 1.2 billion yuan were allocated. A year earlier, […]

The National Bureau of Statistics of Great Britain reported on the acceleration of inflation in the country. As a result of February, it rose by 0.7 percentage points compared to the January level of the indicator and amounted to 6.2% year on year. Such a high growth rate in consumer prices has not been observed […]

Zhang Yugui, representing Shanghai University, said that the hegemony of the dollar is coming to an end. This is indicated by the events taking place in the world. In particular, it became known that Saudi Arabia intends to continue to receive yuan from China for oil supplied to the country. Relevant negotiations are already underway. […]

The annual report released by China Telecom, a Chinese state-owned telecommunications company, pointed to an increase in its financial performance. Thus, a net profit of 25.95 billion yuan rose by 24.5% in twelve months. The reporting period ended with revenue of 439.6 billion yuan, up 11.7% year-on-year. The company also notes a significant increase in […]

The statement of the head of the Federal Reserve System, Jerome Powell, that the American financial regulator could raise the key rate more sharply than usual caused the yield of European government bonds to rise to new record levels. The highest since October 2018 level of 1.68% reached the yield of ten-year securities of the […]

In the car market in Japan, there is a significant decline in demand for used cars. Importers refuse orders for the purchase of Japanese cars. Their main buyers have traditionally been Russians. However, due to the growth of the exchange rate, it became unprofitable to purchase Japanese used cars. In addition, the prices for such […]

The head of the Fed, Jerome Powell, said that the Central Bank is ready to act more decisively and raise the key rate by 50 bp at once. Much will depend on the development of the inflationary situation. Its growth must be stopped. And this is now the main task that the Fed needs to […]

Analysts at Fitch agency have revised their forecast for the growth rate of the global economy this year. It was downgraded by 0.7 percentage points to 3.5%. The agency’s press release notes that the decision to lower the forecast was made due to rising inflation and in connection with the aggravation of the geopolitical situation […]

Implementing its plans to reduce its dependence on energy resources from Russia, Germany has concluded an agreement with Qatar on the supply of liquefied natural gas for the long term. The volume of imported gas from the Russian Federation in the total indicator of imports to Germany during the year exceeds 50%. According to the […]

The Ukrainian Statistical Office has published macroeconomic results of the past and early this year. In the fourth quarter, Ukraine’s GDP growth amounted to 5.9%, increasing the pace compared to an increase of 2.7% three months earlier. The country’s economy completed the entire past year with a growth of 3.2%. The negative balance of the […]