The man who predicted the collapse of the US real estate market and produced the Oscar-winning film Bet on Uncertainty posted a coded message on Twitter, which he deleted shortly after. According to Bloomberg, it was a warning of another deep fall in the markets. “The frenzy is back. After 1929, 1968, 2000, and 2008, … Read more
► Grain exports could resume this week Ukraine said on Monday it expects to resume grain exports “starting this week” for the first time since the beginning of the war launched by Russia. This announcement comes after the signing of an agreement with Moscow and despite the bombardment on Saturday by the Russian army of … Read more
Current holders of energy giant EDF’s shares have made a 53 percent gain on the French government’s plan to nationalize the company. Among them is the popular Czech investor Michal Semotan from J&T. French government is offering 12 euros per share for the purchase of the remaining 16 percent stake in the energy company EDF, … Read more
German Economy Minister Robert Habeck is asking the Canadian government to return the Nord Stream 1 turbine to Russia. Canada is withholding it under sanctions. If she were to hand her over to Russia, she would violate the sanctions. Berlin nevertheless invites it to do so, because it fears the collapse of its economy due … Read more
The West is to blame for the energy crisis and rapid inflation, writes the Wall Street Journal. Decades of pushing the green agenda have weakened democracies and are strengthening the influence of autocracies. The two core problems facing the West today cannot be blamed on external forces. Neither the pandemic nor Putin and his February … Read more
All Tata Steel plants in India, Britain and the Netherlands have secured alternative supplies of raw materials to end their dependence on Russia, the company said, according to Reuters. Tata Steel will stop trading with Russia due to the Russian invasion of Ukraine. Referring to the statement of the largest Indian steel producer in terms … Read more
The post-pandemic recovery has brought about a dramatic rise in prices around the world. The IMF now predicts that consumer prices will jump 8.7 percent this year in emerging and developing economies and 5.7 percent in advanced economies, the highest since 1984. The leaders of the International Monetary Fund (IMF) and the World Bank (WB) … Read more
Around 400,000 refugees from the war will come to the Czech Republic. The demand for rents will thus jump significantly. In addition, many Czechs are postponing the purchase of their own real estate due to higher prices. Result? Rising prices will rise by up to 30 percent in the next two years, writes the consulting … Read more
The ruble is strengthening sharply, by almost ten percent in the last two days. The Kremlin’s regulations and the European Union’s reluctance to cut itself off from Russian energy are helping. The Russian currency is stronger than before the war. The Russian ruble has strengthened significantly during today’s trading in Moscow. It thus reached the … Read more
Minister of Finance Zbyněk Stanjura should focus not only on the margins of gas stations, but also on refineries. The refining margins of the largest fuel retailers in the Czech Republic are rising sharply, as they are still processing discounted Russian oil. According to him, he is not the Minister of Finance Zbyněk Stanjura satisfied … Read more