Economics

The Wall is Near, and the Brakes Are Failing

The two largest developing economies are no longer developing as rapidly. A slowdown in China and India could have far-reaching effects on the world, creating echoes that will be felt even where they are least expected. Interestingly, this crisis is not yet truly global. Recent protective...

Beijing, You Have a Problem

The issues surrounding China’s economy have been a topic of increasingly intense debate for the last four years. Now, we have some figures to add to this discussion. For example, in July 2024, for the first time in 19 years, lending to the industrial sector has...

Gazprom Exits the Stage

The Ukrainian offensive in Russia’s Kursk region is gradually expanding to the east and north. From the early stages of this advance, Ukrainian forces took control of the small Russian border town of Sudzha, home to a Russian gas hub responsible for exports to Western Europe...

Lethal Sanctions Still on the Horizon

The EU is preparing its 15th package of sanctions against Russia in response to its war against Ukraine. The United States is also working on additional sanctions against Russia, while Canada has imposed sanctions on Belarus’ military-industrial complex for arming Russian aggressors. Ukraine is increasingly questioning the...

Petrol Prices Stay Put for Now

Oil prices are falling on the global market due to declining demand from China and concerns about a potential decrease in consumption in the US. Even the escalating tension in the Middle East has not supported prices, which have dropped over the past 30 days from...

AI Brings and Takes Away Money

Anyone who remembers the dot-com boom 25 years ago will not be surprised by the rapid rise in the popularity of AI among users, developers, and investors. But the biggest earners are the manufacturers of chips and equipment on which AI systems run. Just look at...

Lukoil Attempts to Circumvent Sanctions

Hungarian and Slovakian refineries are currently unable to receive oil through the Ukrainian section of the international Druzhba pipeline from the Russian oil company Lukoil, which is subject to Ukrainian sanctions. This situation has sparked a strong reaction in Bratislava and Budapest. Kyiv is closely...

China’s Slowdown

The slowdown of China’s economy is causing significant ripples globally. Although the IMF has somewhat improved its forecasts for the world’s second-largest economy, its expectations seem overly optimistic. This is happening amidst lively interactions around the “axis of evil Moscow-Pyongyang-Tehran” and stern warnings from Brussels...

Ukraine’s Grain Corridor Doesn’t Need the Kremlin

Turkey is pushing for the renewal of the Black Sea Grain Agreement, which has been the framework for Ukraine’s maritime agricultural exports for the past year, operating without the participation or guarantees of the Russian Federation. Why now, and why include Russia? It’s likely because...

Reconstruction Under Air Defence Umbrella

The “Ukraine Recovery Conference 2024” took place in Berlin on 11 and 12 June. This event significantly differed from the previous two conferences held in Lugano, Switzerland, in 2022, and London, United Kingdom, in 2023. Two main issues dominated the discussions this year: the...

Oil Rockers Tend to Go Down

A week after the latest OPEC+ meeting, an unexpected trend has emerged: oil prices are falling. Such meetings are typically aimed at raising prices through coordinated market actions by OPEC countries and their allies within the oil-exporting cartel. This is an intriguing signal, not only because...

War in Ukraine Drives Up Prices in Europe

Inflation in the eurozone in May 2024 is not just about prices; it also ties into the upcoming European Parliament elections and the actions of the European Central Bank (ECB), whose interest rates impact the cost of credit and much more. What is currently driving...

Trade War Escalates into a Warmer Phase

Dumping of electric vehicles and solar panels, technological assistance to Russia’s aggression in Ukraine, muscle-flexing in the Taiwan Strait, and attempts to solve internal problems by expanding exports—these are the grievances against China expressed by both the US and the EU. It appears we are witnessing the start...

China Attempts to Overcome Economic Slowdown with Dumping

China’s economy is striving to escape from crises, particularly in the real estate sector and overproduction. There are seemingly hopeful signs for the Chinese leadership, but these are likely short-lived. The methods China is employing to exit the crisis are far from market-based, and...

Hungary to Allow Banks to Offer Crypto-Related Services

Hungary plans to allow banks, investment funds and asset managers to provide private and corporate clients with services in the digital asset market, Bloomberglaw reports. Currently, the Hungarian government has begun to coordinate the relevant draft law. It will allow financial institutions not only to conduct transactions...

Europe Due to Powerful Storms Boosting Wind Energy

Energy prices in Europe have fallen due to a new Atlantic storm that has brought unseasonably warm weather and increased wind power generation. On the one hand, hurricane-force winds, particularly those caused by Storm Isha, have made travelling across Northern Europe much more difficult...

The Era of Expensive Oil is Over

Global oil prices have been on a decline for the third consecutive month. Despite OPEC+’s decision to cut production at the end of November, it proved insufficient to push prices upward. Even the most optimistic analysts doubt that oil will reach record levels and hit...

Food Prices Tamed

In the realm of “from the obvious to the incredible,” after three years of exorbitant food inflation, the trend might be shifting. However, certain products prices are still on the rise. The crux, though, lies in the fact that Ukrainian food, following a hot autumn,...

Bitcoin Surges, Signalling Interesting Developments

The cryptocurrency market, accustomed to being Cinderella since its formation 14 years ago, occasionally comes into focus, especially when intriguing events unfold in the global financial markets. Currently, we are witnessing a shift from excessively expensive money to moderately expensive ones. Bitcoin, which has reached $43,000,...

Sunset of the Asian Marvel

It appears that gloomy forecasts about the Chinese economy facing tough times are coming true. While just a few months ago there were hopes that China could overcome economic challenges without bloodshed, the scale of problems in a country that demonstrated an example of rapid, even...

Shopping Festival is Already Here

In Europe, Christmas markets and sales have kicked off and will continue until the first half of January 2024. As Christmas approaches, sellers eagerly rub their hands, hoping that in 2023, shoppers will be more willing to spend compared to the previous year when spending was...

When the SWIFT Failed

Per the sanctions imposed by the EU and its partners against Russia in 2022, many Russian banks were disconnected from the SWIFT system, including VTB, Otkrytie, Sovcombank, Promsvyazbank, Novikombank, Alfa-Bank, VEB, Rosselkhozbank, Novikombank, MKB, Rossiya, IS-Bank, BSTDB, Genbank, and Gazprombank. At the initial stage...

Eating in Vogue: 10 Food Market Trends in 2024

More functional foods, the rise of cocoa products and buckwheat popularity, along with persistent artificial meat producers—these are the food trends for the next year. They will complement the battles against droughts, food shortages in low-income countries, a return to “green” restrictions, and Russia’s attack...

Deoligarchization by War

Corruption in Ukraine is becoming a common theme in criticism of reforms in a country that is fighting the most difficult continental war in Europe since World War II. Corruption in Ukraine has always been identified with the oligarchs. Russia’s war against Ukraine, paradoxically,...

Getting Stronger: The Impact of the Rising Dollar

The American dollar is climbing higher, strengthening against the euro and other European currencies. What does this mean? What will it influence? Is a cheaper euro or British pound a good thing? Over the past three months, by mid-September, the Dollar Index (DXY) has surged by...

A Countermove: What If the Grain Deal Goes Without Russia?

On the night of July 18-19, Russian Armed Forces launched missile and drone attacks on civilian objects in the ports located in Odesa and its surroundings on the Black Sea coast of Ukraine. They attempted to destroy terminals for grain and vegetable oil exports....

WhiteBIT Cryptocurrency Exchange will operate in Poland

One of the largest cryptocurrency exchanges in Europe with Ukrainian roots, WhiteBIT, has announced its entry into the Polish market. WhiteBIT made this announcement in their blog. The company claims that their interest in the Polish market stems from its developed ecosystem of digital assets and...

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