The presidents of the USA and Russia, Donald Trump and Vladimir Putin, gathered a few days ahead of the producer’s alliance to review the OPEC+ deals and the forecasts of incoming cutbacks in the crude production. Last Monday, the Kremlin stated about the conference between both presidents that the multilateral agreement backed by the American Read More…
Chinese Yuan continues to weaken as tensions between the US and China continue to rise over the Coronavirus crisis. The Chinese Yuan falls to its greatest low on Thursday since the Coronavirus pandemic began in September 2019. The fall in the value of CNY is potentially going to continue due to the US-China uncertain relations. Read More…
Global nations continue to maintain a health emergency due to the coronavirus pandemic. However, the economic impact on some of the world’s biggest commodity markets will continue to linger for a long time. In fact, the economic shock due to pandemic would result in the decline of major commodity prices throughout 2020. Crude Oil and Read More…
The COVID-19 pandemic that is traversing the entire globe has heightened internet growth, and we now find ourselves propelled in the future sooner than expected. This is well evidenced with most businesses in March 2020 finding themselves catapulted to 2025 within one month. The occurrence of this unforeseen phenomenon has spelled doom for most businesses. Read More…
The history of the stock market is filled with lots of drama. This includes the market crash in 1929, the fall in share price by 20% in one day on Black Monday in 1987 as well as 1999’s dotcom craze. Therefore, after these occurrences, then nothing should be much of a surprise, right? Well, that Read More…
Capitalism is not going anywhere, but the coronavirus crisis has certainly jolted the foundation of the global economy. Perhaps, the deep recession was inevitable. What is startling, however, is that the GDP would contract by 3.1% in 2020. Comparatively, it makes the current year weaker than the financial crisis of 2007-08. That said, it seems Read More…
