Sanjeev Gupta told Whitehall that he needed £ 170 million from British taxpayers to keep from declaring bankrupt....
Business and Finance
Metinvest repaid USD 150 mln ahead of schedule in pre-export financing
In 2020, the company managed to improve the efficiency of consumption of raw materials and energy resources, increase the productivity of equipment,...
Lockdown of the Suez Canal will last until at least April 1: it could drive up steel prices
A giant container ship, nearly the size of New York's Empire State Building, stuck in a sandstorm in the Suez Canal in Egypt, causing a...
You can now buy Tesla with Bitcoin - Elon Musk
After the announcement of Elon Musk, the cryptocurrency rate began to grow and again exceeded 55 thousand dollars....
Abu Dhabi invests around £ 5 billion in the UK economy
The British Prime Minister has instructed the government to remove any obstacles to potential investment in the United Kingdom. The oil-rich Persian...
Saudi Aramco's net profit almost halved in 2020
Saudi Aramco's profits in 2020 were $ 49 billion, nearly half of $ 88.2 billion in 2019 and almost three times less than $ 111.1 billion in 2018....
IMF Raises Global Growth Forecast To 5.5% Amid High Uncertainty
In particular, tighter financial conditions could exacerbate the downturn in countries with high public and private debt, as indicated by the recent...
Goldman Sachs bankers claim inhuman and abusive working conditions
"Lack of sleep, treatment by senior bankers, mental and physical stress ... I went through a foster family, and this is possibly worse,"...
All silver produced in Uzbekistan will be sold only through the exchange
In order to prevent shortages and excitement on the market of some goods, their purchase and sale will be organized exclusively through exchange...
UN raised its forecast for global economic growth for 2021 to 4.7%
At the same time, according to experts, by the end of 2021, the world economy will be missing more than $ 10 trillion, which it could receive if the...
US Department of Commerce sues Chinese tech companies
The Biden-Harris administration thus wants to ensure that American technology does not support the malicious activities of China or others....
The Central Bank of Poland plans to purchase over 100 tons of gold
According to Adam Glapiński, the central bank of Poland wants to buy at least 100 tons of gold in the coming years to demonstrate the country's...
BMW expects significant profit growth in 2021
The BMW carmaker specializes in the production of BMW, Mini and Rolls-Royce cars, motorcycles and engines. The company is headquartered in Munich....
Liberty Steel offered customers a discount on galvanizing in exchange for a prepayment
The company has to look for "live" money for payments for raw materials after its main creditor Greensill Capital filed for bankruptcy....
Israel resumes flights with all countries
The resumption of flights takes place about a week before the fourth in two years of Israeli elections....
Eurogroup will continue massive state support of the economy in connection with the pandemic
The countries of the eurozone will continue to massively support the economy affected by the coronavirus pandemic. Debt problems will be resolved...
The first phase of the new EU import control system - ICS2 comes into force today
The new system will help ensure a level playing field for all importers and facilitate legal trade across the external borders of the European...
China's industrial production in January-February 2021 grew by 35.1%
The fastest growing were the revenues of companies engaged in the extraction of minerals, the production and supply of electricity, heat, gas and...
Volkswagen starts new round of job cuts in Germany - Handelsblatt
This time, both the previously tested mechanisms of accelerated retirement and voluntary dismissal, and innovative mechanisms for reducing the number...
Vadym Novynsky became the sixth Ukrainian billionaire on the Forbes list thanks to the rise in steel prices
Forbes has updated the rating of dollar billionaires of Ukraine, which includes the co-owner of Rinat Akhmetov in the Dutch mining and metallurgical...
Economists expect German GDP to grow 3.7 percent in 2021
Germany's GDP will grow by 3.7 percent, partly offsetting the nearly 5 percent drop in 2020, analysts at the IWH predict....
In February 2021, inflation in Ukraine accelerated above the forecast level - NBU
Core inflation in February 2021 in annual comparison accelerated to 5.6% from 5% in January....
UK prime minister hit by Liberty Steel's financial woes
Boris Johnson may not be willing to invest British taxpayers' money in Sanjeev Gupta's empire, given its global reach and pile of debt,...
World economy will grow by 5.6% this year - OECD forecast
The pandemic is exacerbating the gap between different economic actors and industries, increasing social inequality, and having a particularly strong...
Tesla has lost more than a quarter of a trillion dollars of capitalization
Legged for more than a month, the market value of the American automaker has decreased by 34%...
Norway suspends sale of Rolls-Royce assets to Russian company for security reasons
Britain's Rolls-Royce announced the planned sale on February 4 as part of a cost-cutting plan to help the aircraft and ship engine manufacturer...
France to help steelmakers hit by Greensill bankruptcy - finance minister
In Europe, fears of the loss of several thousand jobs are growing due to the financial problems of the British Liberty Steel, which is closely...
Eurozone investor morale at its highest rise in 12 months
The ongoing vaccination and rising inflationary pressures give confidence and optimism to European investment funds....
US Senate Adopts $ 1.9 Trillion Stimulus Package
This plan is based on the program proposed by US President Joe Biden to overcome the economic consequences of the spread of the new coronavirus....
