315 results for the topic "Markets"

ARTICLES IN THE TOPIC “Markets”

OPEC+ haggling over production restrictions at ongoing meeting
OPEC+ haggling over production restrictions at ongoing meeting
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OPEC+ haggling over production restrictions at ongoing meeting

The eyes of the international business world are currently fixed on Vienna. At the OPEC headquarters in downtown Vienna, the oil cartel’s member states and its allies are currently haggling over production volumes, and thus the further development of oil prices, via video conference.

Turkey: Erdogan combats crisis with new economic programme after change of staff
Turkey: Erdogan combats crisis with new economic programme after change of staff

Turkey: Erdogan combats crisis with new economic programme after change of staff

After unexpected replacements of the head of the central bank and the finance minister, Turkish President Recep Tayyip Erdogan recently declared war on the inflation and currency depreciation in his country with a new economic programme. In doing so, Erdogan is radically turning away from his previous economic policy line by relying on foreign investment and monetary stability.

COVID-19 Update: Moderna reports preliminary results from phase 3 vaccine trial
COVID-19 Update: Moderna reports preliminary results from phase 3 vaccine trial
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COVID-19 Update: Moderna reports preliminary results from phase 3 vaccine trial

U.S. biotech company Moderna reported positive results from the first interim analysis of its Covid mRNA vaccine candidate. The IA found that of the 95 identified Covid cases in the study population 90 occurred in the placebo group, thus yielding a vaccine efficacy of 94,4%.

Covid Vaccine: Pfizer, BioNTech and the beginning of the end?
Covid Vaccine: Pfizer, BioNTech and the beginning of the end?
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Covid Vaccine: Pfizer, BioNTech and the beginning of the end?

In a press release on November 9, Pfizer gave a first taste of the results of the Phase 3 study of the Covid vaccine, which was jointly developed with German biotech company BioNTech. With an estimated efficacy of 90% and the start of the vaccination campaign possibly as early as January 2021, there is light at the end of the tunnel. But some hurdles still remain.

Global economic slump less severe than expected, but still the worst recession in decades, according to IMF
Global economic slump less severe than expected, but still the worst recession in decades, according to IMF
(C) IMF Photograph / Stephen Jaffe

Global economic slump less severe than expected, but still the worst recession in decades, according to IMF

According to current forecasts by the International Monetary Fund (IMF), the global economy should be able to handle the consequences of the corona pandemic somewhat better than has been feared. In its eagerly awaited global economic outlook for this year, the IMF now expects global economic output to decline by only 4.4 per cent. The IMF has thus adjusted its last forecast from June by 0.5 percentage points.

The new economic paradigm: cheap money and a very active State
The new economic paradigm: cheap money and a very active State
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The new economic paradigm: cheap money and a very active State

The economic paradigm – the leitmotif, as it were – has only changed twice in the past 200 years: in the 1930s from liberalism to Keynesianism, and in the 1970s to monetarism. Since the Great Financial Crisis in 2008, we have noticed a new economic upheaval, which has now crystallised into a new paradigm as a consequence of the measures taken to fight the corona pandemic: without a name yet, this paradigm is characterised by cheap money and a very active role of the State.