Economy

The West announced the deepest crisis in the WTO because of the United States

The West announced the deepest crisis in the WTO because of the United States

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The West announced the deepest crisis in the WTO because of the United States
The United States has been blocking the appointment of new judges to the Court of Appeal of the World Trade Organization for years, which led to the deepest crisis in the organization over its 25-year history, the Swiss television channel SRF notes.

Economy

US Corporate Debt Grows to 47% of GDP

US Corporate Debt Grows to 47% of GDP

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US Corporate Debt Grows to 47% of GDP
US corporate debt over the past ten years has increased to 47 percent of GDP. Currently, its total amount is 10 trillion dollars.

Economy

The trade agreement with the United States: China made a statement

The trade agreement with the United States: China made a statement

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The trade agreement with the United States: China made a statement
China seeks to sign the first part of a trade agreement with the United States of America. This was stated by the representative of the Chinese Ministry of Commerce Gao Feng.

Economy

More than half of the world's banks risk not surviving the crisis — McKinsey

More than half of the world's banks risk not surviving the crisis — McKinsey

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More than half of the world's banks risk not surviving the crisis — McKinsey
The global banking industry has entered the last phase of the next economic cycle, credit and revenue growth is slowing, and more than 60% of the world's banks are losing value in anticipation of a possible global crisis. This is stated in the report of the international consulting company McKinsey, writes Bloomberg.

Economy

Settlements in national currencies put the US Treasury on its knees

Settlements in national currencies put the US Treasury on its knees

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Settlements in national currencies put the US Treasury on its knees
The widespread rejection of US dollars in foreign trade operations in favor of the national currencies of countries participating in trade transactions is gaining momentum everywhere around the world. So, it became known that Moscow agreed with Ankara to pay each other in rubles and lira.

Economy

Gold is on the rise — the world trend for de-dollarization is growing

Gold is on the rise — the world trend for de-dollarization is growing

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Gold is on the rise — the world trend for de-dollarization is growing
Gold has always been valued as a rare precious metal. But recently, the treasury of various states, from superpowers to third-world countries, has been increasingly interested in it. All of them are trying to secure the future of the financial accumulations of their people by transferring assets from the currencies of different countries, in bulk

Economy

10-year anti-record: global trade forecast worsens

10-year anti-record: global trade forecast worsens

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10-year anti-record: global trade forecast worsens
The World Trade Organization (WTO) has more than doubled its forecast for world trade growth in 2019 amid the escalation of tension in trade relations between the United States and China, the largest economies in the world.