Economy

China's foreign exchange reserves decline for the second month in a row

China's foreign exchange reserves decline for the second month in a row

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China's foreign exchange reserves decline for the second month in a row
Data released by the Central Bank of China show that the country's foreign exchange reserves have been contracting for two consecutive months

Economy

$12 billion in two hours: Elon Musk became even richer

$12 billion in two hours: Elon Musk became even richer

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$12 billion in two hours: Elon Musk became even richer
The fortune of the American businessman Elon Musk, who lost about $49 billion over the past week, grew by more than $12 billion in just a couple of hours

Economy

The US national debt in relation to GDP may double in 30 years

The US national debt in relation to GDP may double in 30 years

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The US national debt in relation to GDP may double in 30 years
The Congressional Budget Office estimates that this year the country's national debt will be at its highest level since World War II, and in thirty years it is expected to double

Economy

For the first time in a year, all Apple stores open in the US

For the first time in a year, all Apple stores open in the US

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For the first time in a year, all Apple stores open in the US
For the first time in almost a year, all Apple Inc retail stores have opened in the United States, although some of them continue to have certain restrictions, such as pre-registration

Economy

Experts warned of a new threat to the global economy

Experts warned of a new threat to the global economy

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Experts warned of a new threat to the global economy
A record rise in global debt could pose a serious threat to the global economy. Last year, it reached $281 trillion. This year, the size of the global debt may increase to 300 trillion dollars

Economy

The US economy has fallen to a record in 2020

The US economy has fallen to a record in 2020

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The US economy has fallen to a record in 2020
At the end of 2020, the US economy contracted by 3.5%, which is the worst indicator since the Second World War

Economy

The total profit of banks in the US fell by 36.5% in 2020

The total profit of banks in the US fell by 36.5% in 2020

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The total profit of banks in the US fell by 36.5% in 2020
The total net profit of American banks decreased last year by $84.9 billion, or 36.5%, to $147.9 billion. The number of problem banks in the country increased to 56 by the end of 2020