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Analysts named Russia and China the largest buyers of gold for the year

Purchases of gold by central banks has become a record for 55 years, the leaders are Russia and China Only for the third quarter of the world's central banks have bought nearly 400 tons of gold, such interest in gold was not for decades. The last time increased

A decade of sluggish growth predicted for the world economy

Tressis Gestion expert Lacalle predicted a decade of sluggish economic growth for the world A decade of sluggish growth awaits the world economy, and developed countries will be lucky if they can achieve even a one percent annual rise in their economies, Tressis Gestion chief economist Daniel Lacalle predicted on

Energy prices

The gas price in Europe momentarily fell below $850 per thousand cubic meters for the first time since February 22 However, the quotes immediately rebounded above $870. Now the prices for energy carriers on the European market are considerably lower because of the warm winter. It is expected that above-normal

Hackers hacked BitKeep cryptocurrency wallets and stole $8 million in assets

Allegedly, the malware download allowed attackers to withdraw about 4.3 thousand BNB, 5.4 million USDT, 196 thousand DAI and 1.2 thousand Ethereum. The project team promises to compensate users for losses, if it turns out that the loss of funds was the fault of the platform. The

Will there be a real recession after all?

According to the Center for Economic and Business Research, there will be a global recession in 2023. And while U.S. officials convince investors otherwise, expensive credit and still-high inflation will continue to squeeze major economies. The world economy surpassed $100 trillion for the first time in 2022, but there

In January, gas prices in Germany will rise by 112% on average

The forecast for an increase in the price of electricity is - +44% compared to the fall of 2021, the experts predict. For a family with annual consumption of 4,000 kWh, the electricity bill in 2023 will be €1,764. Handelsblatt notes that without the support of the authorities,

Fuel imports to Ukraine in December compared to November increased by 30%,

"Fuel (gasoline and diesel) imports to Ukraine increased significantly in December. About 30% more than it was in previous months," Zheleznyak wrote in his Telegram channel. Earlier, Ivan Plachkov, chairman of the All-Ukrainian Energy Assembly and former fuel and energy minister, called the situation in the country'

Germany has completed the nationalization of the gas holding company Uniper SE

The German authorities have completed the nationalization of the German energy concern Uniper SE, the government will receive 99% of shares, the European Commission has approved the move, according to a joint statement of the German Ministry of Economy and Ministry of Finance. "The entry of the federal government

Currencies of Armenia and Georgia became world leaders in growth

According to the agency, the Armenian dram has gained 22 percent against the dollar since the beginning of the year, becoming the leader among world currencies. The Georgian lari gained 16 percent and the Tajik Somoni gained 10 percent. Bloomberg notes that remittances coming from Russia to Georgia have increased

China's new covid nightmare could be a global catastrophe

China's zero-covid policy was unsustainable and was abruptly reversed, but the lack of a coherent retreat strategy threatens a new nightmare for its people, its economy, and the leadership of the Communist Party. A new crisis could shake the whole world. As the Wuhan outbreak three years ago