The recent slide of the largest crypto, Bitcoin, has not only affected retail and institutional investors but one tiny nation as well – El Salvador – which had embraced the digital asset as a way to boost its impoverished economy. The country has bought at least 1,391 bitcoins using public …
Read More »Russia gives gloomy estimates for global pandemic losses
“According to various estimates, the losses of the world economy from the pandemic total from $4 trillion to $10 trillion, with the bulk of those losses accounting particularly for budgets of regions and municipalities,” Kudrin stated, adding that the healthcare systems of countries were unprepared for the outbreak. “Health, social …
Read More »Brussels’ new climate plan will cause job losses and mass protests, and might even bring down the EU itself
When you’re in a hole, you generally stop digging. But that’s not the case for the European Union; it just keeps on digging deeper and deeper. Last night, the EU unveiled its blueprint for drastically cutting carbon emissions over the next decade. The plan, which was unveiled by Ursula von …
Read More »Global banks bracing for losses amid US hedge fund collapse
The sudden liquidation of the New York-based billionaire Bill Hwang’s Archegos Capital Management ignited a fire sale of more than $20 billion in assets that has left some of the world’s biggest investment banks bearing billions of dollars of losses. According to billionaire investor Mike Novogratz, the collapse of Hwang’s …
Read More »Mega-investors punished with $70 BILLION LOSSES as GameStop and other shorted firms see stock surge – data analysts
Short-sellers lost $70.87 billion on US companies this year so far, according to analysis from Ortex reported by Reuters on Thursday. To put the loss in perspective, $70.87 billion is half a billion dollars more than the GDP of Slovenia, according to CIA statistics. In the world of stocks, short-sellers …
Read More »“Aeroflot” has reported the billions of dollars of losses
Net loss of JSC “Aeroflot” under RAS amounted at the end of II quarter of this year 26,156 billion rubles against net profit 2,730 billion received a year earlier, follows from the statements of the carrier. Revenue fell in April—June by 85% yoy to 20,837 billion. Overall for the first …
Read More »Putin had hoped for the minimum economic losses from the coronavirus
The President of Russia Vladimir Putin hopes that the authorities the economy will overcome the consequences of the pandemic coronavirus with minimal losses. On Sunday, June 28, RIA Novosti reported. Putin recalled the situation in the 1990-ies, when people for months have not been paid for — no loans to …
Read More »The price of victory. What are the real military losses of the Soviet Union?
Sad question expressed in human lives the cost of victory in world war II for a long time and inevitably accompanies every military anniversary. The present is no exception. The USSR bore the main burden of the struggle against Nazi Germany and its allies, incurred up to two thirds of …
Read More »Criminals suffering losses due to the coronavirus.
“Thieves in law are elderly, at risk. Many have isolated themselves” Criminals suffering losses due to the coronavirus. Drug dealers and prostitutes come in a simple Pandemic coronavirus COVID-19 and the quarantine restrictions imposed by the authorities, given the non-obvious effect: in jeopardy a wide range of criminal businesses. Drug …
Read More »No estimates of losses of economy from the government we can’t hear.
The scale of economic problems is not clear. It is clear that the provision of SWF enough not much and not for long. The scale of the problems facing the Russian economy and the magnitude of the resulting budget problems is clearly underestimated. In the oil market we are talking …
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