ESM disburses final loan tranche of €15 billion to Greece |
The European Stability Mechanism (ESM) disbursed €15 billion to Greece under the third macro-financial assistance program. This was the fifth and final tranche, noted in the ESM report. Most of the funds, €9.5 billion, will be allocated for building up the country’s liquidity buffer, and the remaining amount will be used for debt service. After the disbursement, the Greece’s liquidity buffer will reach €24 billion. These funds should be enough for 22 months to cover the country’s needs after the end of the third financial assistance program. Officially, it ends on August 20, 2018. Previously, European Commissioner for Economic and Financial Affairs Pierre Moscovici warned that Greece should not rely on the fourth program of macroeconomic assistance.
From 2012 to 2018, Athens received €204 billion from the European Financial Stability Facility (EFSF). These are the funds allocated under the second and third programs, that is, excluding €100 billion which the country received from May 2010 to December 2011. Then the money was transferred by the IMF, the European Commission and the ECB, as the EFSF had not been established yet.
Read more: https://www.mt5.com/forex_humor/image/37162
|
Метки: #forex_caricature |
Five narrowest streets in the world |
Many streets in different cities of the world are so narrow that you can't just walk down them, you need to squeeze through. You will find the most impressive narrow streets in our photo gallery.
In a world that is so vast and large, you can sometimes find very narrow passages between houses. These narrow streets are difficult to access, but they really adorn the territory. They are more common in European cities, and less often in Asian cities. We present to your attention the narrowest streets in the world.
Sprojerhofstrasse Street (Germany)
It is located in Reutlingen, Germany, on the land of Baden-W"urttemberg. The street is listed in the Guinness World Records as the narrowest in the world. Its width at the narrowest point is only 31 cm. It appeared in 1820 (but was originally erected in 1726) after a large-scale reconstruction of Reutlingen after the fire.
Klancic Street (Croatia)
It is located in the city of Vrbnik, Croatia. The city is situated at an altitude of 50 m above sea level, on a steep cliff. The width of this street, world-famous due to its small size, in the narrowest part does not exceed 43 cm.
L'Androuno Street (France)
France is one of the leaders in the list of the world's narrowest streets. In the commune of Gassin, located near the city of Saint-Tropez, there is the L'Androuno street. It looks like a narrow gap between the houses. Only the most slender people can walk down it: the width of the passage does not exceed 29 cm.
Parliament Street (England)
The street is located in the English city of Exeter. It appeared in the 14th century, in 1300. Its width did not exceed 64 cm, and its length is 50 cm. Initially, the street was called Small Lane, but later it was renamed. Only one slender and not too broad-shouldered pedestrian can go through it.
Streets of Fes el-Bali (Morocco)
The city of Fes el-Bali, Morocco, preserved the spirit of the Middle Ages. This is the largest territory in the world, free from transport, filled with ancient monuments and very narrow streets. In Fes el-Bali, there are 9,400 steep, narrow passages. They stretch all over the city creating a unique pedestrian space and luring the traveler into their labyrinths.
|
Метки: #photo_news |
Five narrowest streets in the world |
Many streets in different cities of the world are so narrow that you can't just walk down them, you need to squeeze through. You will find the most impressive narrow streets in our photo gallery.
In a world that is so vast and large, you can sometimes find very narrow passages between houses. These narrow streets are difficult to access, but they really adorn the territory. They are more common in European cities, and less often in Asian cities. We present to your attention the narrowest streets in the world.
Sprojerhofstrasse Street (Germany)
It is located in Reutlingen, Germany, on the land of Baden-W"urttemberg. The street is listed in the Guinness World Records as the narrowest in the world. Its width at the narrowest point is only 31 cm. It appeared in 1820 (but was originally erected in 1726) after a large-scale reconstruction of Reutlingen after the fire.
Klancic Street (Croatia)
It is located in the city of Vrbnik, Croatia. The city is situated at an altitude of 50 m above sea level, on a steep cliff. The width of this street, world-famous due to its small size, in the narrowest part does not exceed 43 cm.
L'Androuno Street (France)
France is one of the leaders in the list of the world's narrowest streets. In the commune of Gassin, located near the city of Saint-Tropez, there is the L'Androuno street. It looks like a narrow gap between the houses. Only the most slender people can walk down it: the width of the passage does not exceed 29 cm.
Parliament Street (England)
The street is located in the English city of Exeter. It appeared in the 14th century, in 1300. Its width did not exceed 64 cm, and its length is 50 cm. Initially, the street was called Small Lane, but later it was renamed. Only one slender and not too broad-shouldered pedestrian can go through it.
Streets of Fes el-Bali (Morocco)
The city of Fes el-Bali, Morocco, preserved the spirit of the Middle Ages. This is the largest territory in the world, free from transport, filled with ancient monuments and very narrow streets. In Fes el-Bali, there are 9,400 steep, narrow passages. They stretch all over the city creating a unique pedestrian space and luring the traveler into their labyrinths.
|
Метки: #photo_news |
Five narrowest streets in the world |
Many streets in different cities of the world are so narrow that you can't just walk down them, you need to squeeze through. You will find the most impressive narrow streets in our photo gallery.
In a world that is so vast and large, you can sometimes find very narrow passages between houses. These narrow streets are difficult to access, but they really adorn the territory. They are more common in European cities, and less often in Asian cities. We present to your attention the narrowest streets in the world.
Sprojerhofstrasse Street (Germany)
It is located in Reutlingen, Germany, on the land of Baden-W"urttemberg. The street is listed in the Guinness World Records as the narrowest in the world. Its width at the narrowest point is only 31 cm. It appeared in 1820 (but was originally erected in 1726) after a large-scale reconstruction of Reutlingen after the fire.
Klancic Street (Croatia)
It is located in the city of Vrbnik, Croatia. The city is situated at an altitude of 50 m above sea level, on a steep cliff. The width of this street, world-famous due to its small size, in the narrowest part does not exceed 43 cm.
L'Androuno Street (France)
France is one of the leaders in the list of the world's narrowest streets. In the commune of Gassin, located near the city of Saint-Tropez, there is the L'Androuno street. It looks like a narrow gap between the houses. Only the most slender people can walk down it: the width of the passage does not exceed 29 cm.
Parliament Street (England)
The street is located in the English city of Exeter. It appeared in the 14th century, in 1300. Its width did not exceed 64 cm, and its length is 50 cm. Initially, the street was called Small Lane, but later it was renamed. Only one slender and not too broad-shouldered pedestrian can go through it.
Streets of Fes el-Bali (Morocco)
The city of Fes el-Bali, Morocco, preserved the spirit of the Middle Ages. This is the largest territory in the world, free from transport, filled with ancient monuments and very narrow streets. In Fes el-Bali, there are 9,400 steep, narrow passages. They stretch all over the city creating a unique pedestrian space and luring the traveler into their labyrinths.
|
Метки: #photo_news |
Five narrowest streets in the world |
Many streets in different cities of the world are so narrow that you can't just walk down them, you need to squeeze through. You will find the most impressive narrow streets in our photo gallery.
In a world that is so vast and large, you can sometimes find very narrow passages between houses. These narrow streets are difficult to access, but they really adorn the territory. They are more common in European cities, and less often in Asian cities. We present to your attention the narrowest streets in the world.
Sprojerhofstrasse Street (Germany)
It is located in Reutlingen, Germany, on the land of Baden-W"urttemberg. The street is listed in the Guinness World Records as the narrowest in the world. Its width at the narrowest point is only 31 cm. It appeared in 1820 (but was originally erected in 1726) after a large-scale reconstruction of Reutlingen after the fire.
Klancic Street (Croatia)
It is located in the city of Vrbnik, Croatia. The city is situated at an altitude of 50 m above sea level, on a steep cliff. The width of this street, world-famous due to its small size, in the narrowest part does not exceed 43 cm.
L'Androuno Street (France)
France is one of the leaders in the list of the world's narrowest streets. In the commune of Gassin, located near the city of Saint-Tropez, there is the L'Androuno street. It looks like a narrow gap between the houses. Only the most slender people can walk down it: the width of the passage does not exceed 29 cm.
Parliament Street (England)
The street is located in the English city of Exeter. It appeared in the 14th century, in 1300. Its width did not exceed 64 cm, and its length is 50 cm. Initially, the street was called Small Lane, but later it was renamed. Only one slender and not too broad-shouldered pedestrian can go through it.
Streets of Fes el-Bali (Morocco)
The city of Fes el-Bali, Morocco, preserved the spirit of the Middle Ages. This is the largest territory in the world, free from transport, filled with ancient monuments and very narrow streets. In Fes el-Bali, there are 9,400 steep, narrow passages. They stretch all over the city creating a unique pedestrian space and luring the traveler into their labyrinths.
|
Метки: #photo_news |
UK consumer confidence declines to five-month low |
The GfK consumer confidence for Britain showed a one-point decline to -10 points in July from June to mark the lowest level since February 2018.
Economists expected the reading to be broadly unchanged from June’s figure of -9. They expressed concerns about the situation. The GFK consumer confidence survey was conducted among 2000 individuals aged 16+ on behalf of the European Commission.
The lowest reading of consumer confidence index was recorded in July 2008, when it came in at -39. Meanwhile, the index hit an all-time high of 10 points in June 1987. The indicator’s average reading is about -9 points during the period from 1981 to 2018.
Read more: https://www.mt5.com/forex_humor/image/37085
|
Метки: #forex_caricature |
UK consumer confidence declines to five-month low |
The GfK consumer confidence for Britain showed a one-point decline to -10 points in July from June to mark the lowest level since February 2018.
Economists expected the reading to be broadly unchanged from June’s figure of -9. They expressed concerns about the situation. The GFK consumer confidence survey was conducted among 2000 individuals aged 16+ on behalf of the European Commission.
The lowest reading of consumer confidence index was recorded in July 2008, when it came in at -39. Meanwhile, the index hit an all-time high of 10 points in June 1987. The indicator’s average reading is about -9 points during the period from 1981 to 2018.
Read more: https://www.mt5.com/forex_humor/image/37085
|
Метки: #forex_caricature |
UK consumer confidence declines to five-month low |
The GfK consumer confidence for Britain showed a one-point decline to -10 points in July from June to mark the lowest level since February 2018.
Economists expected the reading to be broadly unchanged from June’s figure of -9. They expressed concerns about the situation. The GFK consumer confidence survey was conducted among 2000 individuals aged 16+ on behalf of the European Commission.
The lowest reading of consumer confidence index was recorded in July 2008, when it came in at -39. Meanwhile, the index hit an all-time high of 10 points in June 1987. The indicator’s average reading is about -9 points during the period from 1981 to 2018.
Read more: https://www.mt5.com/forex_humor/image/37085
|
Метки: #forex_caricature |
UK consumer confidence declines to five-month low |
The GfK consumer confidence for Britain showed a one-point decline to -10 points in July from June to mark the lowest level since February 2018.
Economists expected the reading to be broadly unchanged from June’s figure of -9. They expressed concerns about the situation. The GFK consumer confidence survey was conducted among 2000 individuals aged 16+ on behalf of the European Commission.
The lowest reading of consumer confidence index was recorded in July 2008, when it came in at -39. Meanwhile, the index hit an all-time high of 10 points in June 1987. The indicator’s average reading is about -9 points during the period from 1981 to 2018.
Read more: https://www.mt5.com/forex_humor/image/37085
|
Метки: #forex_caricature |
From Colombia to South Korea: newcomers to the UNESCO World Heritage List |
Recently, 19 new objects have been added to the UNESCO World Heritage List, which includes the most significant sights of the planet (both man-made and natural). We will describe some of them in our article.
If you want to get into the thick of the Amazon jungle, where no human being has ever set foot, then you should visit the Chiribiquete National Park located in Colombia. Due to the difficult terrain, most of the reserve is poorly known, but it is known that flora and fauna are really diverse there. In the heart of the park, there is a mountain range of the same name, the height difference of which ranges from 200 to 1,000 m above sea level. In the rock caves, you can find drawings that were painted by their inhabitants 20 thousand years ago.
The city of Medina Azahara, also known as medieval Versailles, was founded in 935. More than half a century it was the Cordoba Caliphate rulers residence. It amazed by its monumentality and artistic splendor. Works of art, jewelry, and marble from all over Spain were brought here. However, over time, the caliphate went forever, dividing into several emirates, and once the brilliant city was destroyed and looted. However, even its ruins still make an indelible impression.
In the south-west of China, in the province of Guizhou, there is the Fangzingshan Mount. It is covered with emerald forests, and its peak points up towards the sky and hides in dense white clouds. It is known that the distance from the bottom to the top of the rock is equal to about 2,570 m. You need to climb more than 8,000 steps. Animals and plants, which originate from the Tertiary period (approximately 65 million years ago), live here. Some of them are on the brink of extinction. To reach the highest point of Fangzingshan, you need to follow mountain paths and experience a change of all seasons within one day.
Sansa consists of seven active Buddhist mountain monasteries (Tongdosa Temple, Buseoksa Temple, Bongjeongsa Temple, Beopjusa Temple, Magoksa Temple, Seonamsa and Daeheungsa Temple), which are located throughout the southern provinces of the Republic of Korea. They were built in the 6th-9th centuries. Monks come here to get rid of worldly passions, and tourists - to imbue with the atmosphere of these sacred places.
Did you know that in the heart of France there are as many as 80 dormant volcanoes? The mountain chain of Chaine des Puys stretches for 40 km from north to south. According to some sources, it was formed 10-20 thousand years ago as a result of volcanic activity. At any time of the year, from the highest point of these places, the Puy de D^ome peak, you can admire the picturesque views of nature which attract up to 500,000 tourists annually. At the top of this mountain, there are the ruins of an ancient Roman temple dedicated to Mercury, and along its slopes, one of the sections of the route of the Tour de France legendary cycling race passes.
Al-Hasa Oasis is located in the east of the Arabian Peninsula, 60 km from the coast of the Persian Gulf. Thanks to the availability of fresh water, it was inhabited since ancient times. It is believed that this is the largest palm oasis in the world surrounded by sands. More than 2.5 million date palms grow here. About 100 thousand tons of fruits are harvested every year. According to UNESCO experts, the oasis is a unique example of human interaction with the environment.
|
Метки: #photo_news |
From Colombia to South Korea: newcomers to the UNESCO World Heritage List |
Recently, 19 new objects have been added to the UNESCO World Heritage List, which includes the most significant sights of the planet (both man-made and natural). We will describe some of them in our article.
If you want to get into the thick of the Amazon jungle, where no human being has ever set foot, then you should visit the Chiribiquete National Park located in Colombia. Due to the difficult terrain, most of the reserve is poorly known, but it is known that flora and fauna are really diverse there. In the heart of the park, there is a mountain range of the same name, the height difference of which ranges from 200 to 1,000 m above sea level. In the rock caves, you can find drawings that were painted by their inhabitants 20 thousand years ago.
The city of Medina Azahara, also known as medieval Versailles, was founded in 935. More than half a century it was the Cordoba Caliphate rulers residence. It amazed by its monumentality and artistic splendor. Works of art, jewelry, and marble from all over Spain were brought here. However, over time, the caliphate went forever, dividing into several emirates, and once the brilliant city was destroyed and looted. However, even its ruins still make an indelible impression.
In the south-west of China, in the province of Guizhou, there is the Fangzingshan Mount. It is covered with emerald forests, and its peak points up towards the sky and hides in dense white clouds. It is known that the distance from the bottom to the top of the rock is equal to about 2,570 m. You need to climb more than 8,000 steps. Animals and plants, which originate from the Tertiary period (approximately 65 million years ago), live here. Some of them are on the brink of extinction. To reach the highest point of Fangzingshan, you need to follow mountain paths and experience a change of all seasons within one day.
Sansa consists of seven active Buddhist mountain monasteries (Tongdosa Temple, Buseoksa Temple, Bongjeongsa Temple, Beopjusa Temple, Magoksa Temple, Seonamsa and Daeheungsa Temple), which are located throughout the southern provinces of the Republic of Korea. They were built in the 6th-9th centuries. Monks come here to get rid of worldly passions, and tourists - to imbue with the atmosphere of these sacred places.
Did you know that in the heart of France there are as many as 80 dormant volcanoes? The mountain chain of Chaine des Puys stretches for 40 km from north to south. According to some sources, it was formed 10-20 thousand years ago as a result of volcanic activity. At any time of the year, from the highest point of these places, the Puy de D^ome peak, you can admire the picturesque views of nature which attract up to 500,000 tourists annually. At the top of this mountain, there are the ruins of an ancient Roman temple dedicated to Mercury, and along its slopes, one of the sections of the route of the Tour de France legendary cycling race passes.
Al-Hasa Oasis is located in the east of the Arabian Peninsula, 60 km from the coast of the Persian Gulf. Thanks to the availability of fresh water, it was inhabited since ancient times. It is believed that this is the largest palm oasis in the world surrounded by sands. More than 2.5 million date palms grow here. About 100 thousand tons of fruits are harvested every year. According to UNESCO experts, the oasis is a unique example of human interaction with the environment.
|
Метки: #photo_news |
From Colombia to South Korea: newcomers to the UNESCO World Heritage List |
Recently, 19 new objects have been added to the UNESCO World Heritage List, which includes the most significant sights of the planet (both man-made and natural). We will describe some of them in our article.
If you want to get into the thick of the Amazon jungle, where no human being has ever set foot, then you should visit the Chiribiquete National Park located in Colombia. Due to the difficult terrain, most of the reserve is poorly known, but it is known that flora and fauna are really diverse there. In the heart of the park, there is a mountain range of the same name, the height difference of which ranges from 200 to 1,000 m above sea level. In the rock caves, you can find drawings that were painted by their inhabitants 20 thousand years ago.
The city of Medina Azahara, also known as medieval Versailles, was founded in 935. More than half a century it was the Cordoba Caliphate rulers residence. It amazed by its monumentality and artistic splendor. Works of art, jewelry, and marble from all over Spain were brought here. However, over time, the caliphate went forever, dividing into several emirates, and once the brilliant city was destroyed and looted. However, even its ruins still make an indelible impression.
In the south-west of China, in the province of Guizhou, there is the Fangzingshan Mount. It is covered with emerald forests, and its peak points up towards the sky and hides in dense white clouds. It is known that the distance from the bottom to the top of the rock is equal to about 2,570 m. You need to climb more than 8,000 steps. Animals and plants, which originate from the Tertiary period (approximately 65 million years ago), live here. Some of them are on the brink of extinction. To reach the highest point of Fangzingshan, you need to follow mountain paths and experience a change of all seasons within one day.
Sansa consists of seven active Buddhist mountain monasteries (Tongdosa Temple, Buseoksa Temple, Bongjeongsa Temple, Beopjusa Temple, Magoksa Temple, Seonamsa and Daeheungsa Temple), which are located throughout the southern provinces of the Republic of Korea. They were built in the 6th-9th centuries. Monks come here to get rid of worldly passions, and tourists - to imbue with the atmosphere of these sacred places.
Did you know that in the heart of France there are as many as 80 dormant volcanoes? The mountain chain of Chaine des Puys stretches for 40 km from north to south. According to some sources, it was formed 10-20 thousand years ago as a result of volcanic activity. At any time of the year, from the highest point of these places, the Puy de D^ome peak, you can admire the picturesque views of nature which attract up to 500,000 tourists annually. At the top of this mountain, there are the ruins of an ancient Roman temple dedicated to Mercury, and along its slopes, one of the sections of the route of the Tour de France legendary cycling race passes.
Al-Hasa Oasis is located in the east of the Arabian Peninsula, 60 km from the coast of the Persian Gulf. Thanks to the availability of fresh water, it was inhabited since ancient times. It is believed that this is the largest palm oasis in the world surrounded by sands. More than 2.5 million date palms grow here. About 100 thousand tons of fruits are harvested every year. According to UNESCO experts, the oasis is a unique example of human interaction with the environment.
|
Метки: #photo_news |
From Colombia to South Korea: newcomers to the UNESCO World Heritage List |
Recently, 19 new objects have been added to the UNESCO World Heritage List, which includes the most significant sights of the planet (both man-made and natural). We will describe some of them in our article.
If you want to get into the thick of the Amazon jungle, where no human being has ever set foot, then you should visit the Chiribiquete National Park located in Colombia. Due to the difficult terrain, most of the reserve is poorly known, but it is known that flora and fauna are really diverse there. In the heart of the park, there is a mountain range of the same name, the height difference of which ranges from 200 to 1,000 m above sea level. In the rock caves, you can find drawings that were painted by their inhabitants 20 thousand years ago.
The city of Medina Azahara, also known as medieval Versailles, was founded in 935. More than half a century it was the Cordoba Caliphate rulers residence. It amazed by its monumentality and artistic splendor. Works of art, jewelry, and marble from all over Spain were brought here. However, over time, the caliphate went forever, dividing into several emirates, and once the brilliant city was destroyed and looted. However, even its ruins still make an indelible impression.
In the south-west of China, in the province of Guizhou, there is the Fangzingshan Mount. It is covered with emerald forests, and its peak points up towards the sky and hides in dense white clouds. It is known that the distance from the bottom to the top of the rock is equal to about 2,570 m. You need to climb more than 8,000 steps. Animals and plants, which originate from the Tertiary period (approximately 65 million years ago), live here. Some of them are on the brink of extinction. To reach the highest point of Fangzingshan, you need to follow mountain paths and experience a change of all seasons within one day.
Sansa consists of seven active Buddhist mountain monasteries (Tongdosa Temple, Buseoksa Temple, Bongjeongsa Temple, Beopjusa Temple, Magoksa Temple, Seonamsa and Daeheungsa Temple), which are located throughout the southern provinces of the Republic of Korea. They were built in the 6th-9th centuries. Monks come here to get rid of worldly passions, and tourists - to imbue with the atmosphere of these sacred places.
Did you know that in the heart of France there are as many as 80 dormant volcanoes? The mountain chain of Chaine des Puys stretches for 40 km from north to south. According to some sources, it was formed 10-20 thousand years ago as a result of volcanic activity. At any time of the year, from the highest point of these places, the Puy de D^ome peak, you can admire the picturesque views of nature which attract up to 500,000 tourists annually. At the top of this mountain, there are the ruins of an ancient Roman temple dedicated to Mercury, and along its slopes, one of the sections of the route of the Tour de France legendary cycling race passes.
Al-Hasa Oasis is located in the east of the Arabian Peninsula, 60 km from the coast of the Persian Gulf. Thanks to the availability of fresh water, it was inhabited since ancient times. It is believed that this is the largest palm oasis in the world surrounded by sands. More than 2.5 million date palms grow here. About 100 thousand tons of fruits are harvested every year. According to UNESCO experts, the oasis is a unique example of human interaction with the environment.
|
Метки: #photo_news |
Top-5 most fuel-efficient cars of 2018 |
Many leading automakers are seeking to reduce cost of their products and attract more buyers. Some succeed. They produce vehicles with reduced fuel consumption and lower maintenance costs. More details are in our auto gallery
According to experts, there are the most efficient models among the popular car brands. They require less fuel and generally cost less to their owners. We offer you to get acquainted with the list of such cars.
Toyota Yaris iA
This is a compact passenger car with a hatchback type of body. The Japanese Toyota group has been producing these cars since 1999. The car is equipped as standard with four airbags, and their maximum number reaches seven. Yaris with a 1.5-liter engine gets 7.8 liters per 100 kilometers around the city and 6 liters on the highway.
Hyundai Elаntra Eco
According to the European classification, this car belongs to the middle class. The model has a 1.4-liter and 128 hp engine. The fuel consumption around the city amounts to 7.4 liters per 100 km, and when driving on the highway, it is 5.9 liters.
Honda FitThe Japanese Honda Fit passenger car is referred by experts to the "B" segment according to the European classification. This vehicle is widely distributed in Japan, China, North and South America. The car has a 1.5-liter engine. Around the city and on the highway, this hatchback requires about 5 liters of fuel per 100 km.
Toyota Camry
This fuel-efficient car from Toyota is produced in the factories of Japan, the USA, Australia, Russia, and China. Experts note the increased demand for these cars in Russia. Fuel consumption of the sedan is 8.3 liters around the city and on the highway.
Mitsubishi Mirage
This car from Mitsubishi Motors is considered to be subcompact. It has a long and complicated story of marketing that does not prevent it from successful sales in different countries. According to experts, the model with a 1.2-liter and 78 hp engine spends 4.2 liters of fuel per 100 km.
|
Метки: #photo_news |
Без заголовка |
Xi’s four trump cards in trade war with US
Donald Trump claims trade wars are “good”, while his Chinese counterpart Xi Jinping criticizes the United States for actions which, he believes, will lead to nothing good. China’s president promised to prove that Trump is as cocky as the king of spades.
Undoubtedly, export-reliant China is suffering from new tariffs. But so are Japan, South Korea and Singapore, its main trading partners. Besides, markets are dealt a bad hand by Trump’s actions and statements.
There are many ways for China to hit back. Xi could devalue the yuan, complicate the life for US companies producing in China, encourage a widespread boycott of US goods, etc.
But Xi is quietly reminding Washington he also has some plans up his sleeve. Here are the four most ambitious ones:
Scuttling corporate deals
San Diego-based Qualcomm’s multiyear effort to buy Dutch chipmaker NXP Semiconductors for $44 billion failed. China blew that deal by not signing it. Analysts read Beijing's actions as retribution for Trump’s new tariffs.
In addition, Beijing could stop the flow of mainland startups worth more than $1 billion listing on US exchanges. Since March, when Trump started talking about tariffs, the flow of Americans' favorite large Chinese IPOs began to decline. Wall Street will bear losses, and Hong Kong make profits. Beijing can show Trump who is the boss here.
Banning Facebook in China
The empire of Zuckerberg also suffered from the situation. At the time when Facebook shares lost 20% in a single day, Beijing turned down the company’s request to set up a subsidiary worth $30 million. In other circumstances and at other times, this could be the beginning of an important business friendship between the world's largest consumer market and the largest social network.
Calling in Washington's loans
China, the largest holder of US bonds, has already hinted at reducing or even refraining entirely from buying US public debt. The time has come to raise the ante. So, Trump's party reduced taxes depriving the Treasury of $1.5 trillion. The first fears about the insolvency of the United States appeared, so Washington needs Asia to compensate for the losses.
If China ignored several auctions or sold out large number of its US government bonds, markets would be in shock. And what if other investors, Japan, Taiwan, India, and Singapore, follow suit? It will be a victory, but at a high cost. And yet, China may want to play such a game. Trump's trade war is imbued with economic nihilism, making Americans suffer as much as anyone.
Taiwan card
Recently, US airlines were faced with a choice: to leave the prosperous Chinese market or to describe Taiwan as part of China on their websites.
American, Delta and Unite unquestioningly added “China” after “Taiwan” in the search bar. American Express, Citibank and Goldman Sachs played their cards right by removing from their websites any mention of Taiwan not being part of China. Gap, a large clothing retailer, apologized for selling T-shirts, inconsistent with the country’s sovereignty claims. Another major trading company, Costco, put itself in trouble because of a map on its website.
Now that Beijing holds all the cards, what might Xi try next?
Read more: https://www.mt5.com/forex_humor/image/37114
|
Метки: #forex_caricature |
Без заголовка |
Xi’s four trump cards in trade war with US
Donald Trump claims trade wars are “good”, while his Chinese counterpart Xi Jinping criticizes the United States for actions which, he believes, will lead to nothing good. China’s president promised to prove that Trump is as cocky as the king of spades.
Undoubtedly, export-reliant China is suffering from new tariffs. But so are Japan, South Korea and Singapore, its main trading partners. Besides, markets are dealt a bad hand by Trump’s actions and statements.
There are many ways for China to hit back. Xi could devalue the yuan, complicate the life for US companies producing in China, encourage a widespread boycott of US goods, etc.
But Xi is quietly reminding Washington he also has some plans up his sleeve. Here are the four most ambitious ones:
Scuttling corporate deals
San Diego-based Qualcomm’s multiyear effort to buy Dutch chipmaker NXP Semiconductors for $44 billion failed. China blew that deal by not signing it. Analysts read Beijing's actions as retribution for Trump’s new tariffs.
In addition, Beijing could stop the flow of mainland startups worth more than $1 billion listing on US exchanges. Since March, when Trump started talking about tariffs, the flow of Americans' favorite large Chinese IPOs began to decline. Wall Street will bear losses, and Hong Kong make profits. Beijing can show Trump who is the boss here.
Banning Facebook in China
The empire of Zuckerberg also suffered from the situation. At the time when Facebook shares lost 20% in a single day, Beijing turned down the company’s request to set up a subsidiary worth $30 million. In other circumstances and at other times, this could be the beginning of an important business friendship between the world's largest consumer market and the largest social network.
Calling in Washington's loans
China, the largest holder of US bonds, has already hinted at reducing or even refraining entirely from buying US public debt. The time has come to raise the ante. So, Trump's party reduced taxes depriving the Treasury of $1.5 trillion. The first fears about the insolvency of the United States appeared, so Washington needs Asia to compensate for the losses.
If China ignored several auctions or sold out large number of its US government bonds, markets would be in shock. And what if other investors, Japan, Taiwan, India, and Singapore, follow suit? It will be a victory, but at a high cost. And yet, China may want to play such a game. Trump's trade war is imbued with economic nihilism, making Americans suffer as much as anyone.
Taiwan card
Recently, US airlines were faced with a choice: to leave the prosperous Chinese market or to describe Taiwan as part of China on their websites.
American, Delta and Unite unquestioningly added “China” after “Taiwan” in the search bar. American Express, Citibank and Goldman Sachs played their cards right by removing from their websites any mention of Taiwan not being part of China. Gap, a large clothing retailer, apologized for selling T-shirts, inconsistent with the country’s sovereignty claims. Another major trading company, Costco, put itself in trouble because of a map on its website.
Now that Beijing holds all the cards, what might Xi try next?
Read more: https://www.mt5.com/forex_humor/image/37114
|
Метки: #forex_caricature |
Без заголовка |
Xi’s four trump cards in trade war with US
Donald Trump claims trade wars are “good”, while his Chinese counterpart Xi Jinping criticizes the United States for actions which, he believes, will lead to nothing good. China’s president promised to prove that Trump is as cocky as the king of spades.
Undoubtedly, export-reliant China is suffering from new tariffs. But so are Japan, South Korea and Singapore, its main trading partners. Besides, markets are dealt a bad hand by Trump’s actions and statements.
There are many ways for China to hit back. Xi could devalue the yuan, complicate the life for US companies producing in China, encourage a widespread boycott of US goods, etc.
But Xi is quietly reminding Washington he also has some plans up his sleeve. Here are the four most ambitious ones:
Scuttling corporate deals
San Diego-based Qualcomm’s multiyear effort to buy Dutch chipmaker NXP Semiconductors for $44 billion failed. China blew that deal by not signing it. Analysts read Beijing's actions as retribution for Trump’s new tariffs.
In addition, Beijing could stop the flow of mainland startups worth more than $1 billion listing on US exchanges. Since March, when Trump started talking about tariffs, the flow of Americans' favorite large Chinese IPOs began to decline. Wall Street will bear losses, and Hong Kong make profits. Beijing can show Trump who is the boss here.
Banning Facebook in China
The empire of Zuckerberg also suffered from the situation. At the time when Facebook shares lost 20% in a single day, Beijing turned down the company’s request to set up a subsidiary worth $30 million. In other circumstances and at other times, this could be the beginning of an important business friendship between the world's largest consumer market and the largest social network.
Calling in Washington's loans
China, the largest holder of US bonds, has already hinted at reducing or even refraining entirely from buying US public debt. The time has come to raise the ante. So, Trump's party reduced taxes depriving the Treasury of $1.5 trillion. The first fears about the insolvency of the United States appeared, so Washington needs Asia to compensate for the losses.
If China ignored several auctions or sold out large number of its US government bonds, markets would be in shock. And what if other investors, Japan, Taiwan, India, and Singapore, follow suit? It will be a victory, but at a high cost. And yet, China may want to play such a game. Trump's trade war is imbued with economic nihilism, making Americans suffer as much as anyone.
Taiwan card
Recently, US airlines were faced with a choice: to leave the prosperous Chinese market or to describe Taiwan as part of China on their websites.
American, Delta and Unite unquestioningly added “China” after “Taiwan” in the search bar. American Express, Citibank and Goldman Sachs played their cards right by removing from their websites any mention of Taiwan not being part of China. Gap, a large clothing retailer, apologized for selling T-shirts, inconsistent with the country’s sovereignty claims. Another major trading company, Costco, put itself in trouble because of a map on its website.
Now that Beijing holds all the cards, what might Xi try next?
Read more: https://www.mt5.com/forex_humor/image/37114
|
Метки: #forex_caricature |
Five reasons why bitcoin prices won't rise in 2018 |
There are many predictions about the price of Bitcoin for 2018, from optimistic to very pessimistic. In our article, we will consider the negative opinion of experts.
There are enough predictions about the price of the most popular cryptocurrency for the current year. Some analysts strongly believe in the positive development of the scenario, others are more negative and do not see prospects for Bitcoin. We propose to get acquainted with the opinion of specialists who deny the possibility of further growth of the cryptocurrency No. 1.
Bitcoin mining is unfavorable
Some experts consider the lack of profit during mining as one of the reasons that prevent the further growth of Bitcoin prices. Earlier, the mining of cryptocurrency No. 1 was regarded as a profitable business, but at the moment many miners who failed to upgrade their equipment and sell bitcoin at the peak of its price are forced to get rid of tokens. Analysts say, many of them also have to sell equipment as well.
Decrease in trading volumes
According to experts, at present, a significant drop in bitcoin trading volumes is recorded on the crypto market. The current volumes are much lower than the levels observed in the winter and spring of 2017, which makes the No. 1 cryptocurrency trading unfavorable.
Market participants lose interest
Most market players lost interest in digital currencies. Many of them consider investments in virtual assets unprofitable in the short and long term.
Speculations by institutional investors
The unstable situation in the virtual currency market led to speculative actions on the part of institutional investors. As a result, the work with short, and long positions with respect to the cryptocurrency No. 1 became unprofitable for the market participants.
No Bitcoin ETF
At the moment, the issue of launching funds that work with stocks for bitcoin and other digital currencies remains open. Approval from leading regulators has not yet been received. As a result, investors found themselves in a "suspended" position, not knowing if it was worth investing in the cryptocurrency. This led to stagnation in the digital assets market, analysts emphasize.
|
Метки: #photo_news |
Five reasons why bitcoin prices won't rise in 2018 |
There are many predictions about the price of Bitcoin for 2018, from optimistic to very pessimistic. In our article, we will consider the negative opinion of experts.
There are enough predictions about the price of the most popular cryptocurrency for the current year. Some analysts strongly believe in the positive development of the scenario, others are more negative and do not see prospects for Bitcoin. We propose to get acquainted with the opinion of specialists who deny the possibility of further growth of the cryptocurrency No. 1.
Bitcoin mining is unfavorable
Some experts consider the lack of profit during mining as one of the reasons that prevent the further growth of Bitcoin prices. Earlier, the mining of cryptocurrency No. 1 was regarded as a profitable business, but at the moment many miners who failed to upgrade their equipment and sell bitcoin at the peak of its price are forced to get rid of tokens. Analysts say, many of them also have to sell equipment as well.
Decrease in trading volumes
According to experts, at present, a significant drop in bitcoin trading volumes is recorded on the crypto market. The current volumes are much lower than the levels observed in the winter and spring of 2017, which makes the No. 1 cryptocurrency trading unfavorable.
Market participants lose interest
Most market players lost interest in digital currencies. Many of them consider investments in virtual assets unprofitable in the short and long term.
Speculations by institutional investors
The unstable situation in the virtual currency market led to speculative actions on the part of institutional investors. As a result, the work with short, and long positions with respect to the cryptocurrency No. 1 became unprofitable for the market participants.
No Bitcoin ETF
At the moment, the issue of launching funds that work with stocks for bitcoin and other digital currencies remains open. Approval from leading regulators has not yet been received. As a result, investors found themselves in a "suspended" position, not knowing if it was worth investing in the cryptocurrency. This led to stagnation in the digital assets market, analysts emphasize.
|
Метки: #photo_news |
Five reasons why bitcoin prices won't rise in 2018 |
There are many predictions about the price of Bitcoin for 2018, from optimistic to very pessimistic. In our article, we will consider the negative opinion of experts.
There are enough predictions about the price of the most popular cryptocurrency for the current year. Some analysts strongly believe in the positive development of the scenario, others are more negative and do not see prospects for Bitcoin. We propose to get acquainted with the opinion of specialists who deny the possibility of further growth of the cryptocurrency No. 1.
Bitcoin mining is unfavorable
Some experts consider the lack of profit during mining as one of the reasons that prevent the further growth of Bitcoin prices. Earlier, the mining of cryptocurrency No. 1 was regarded as a profitable business, but at the moment many miners who failed to upgrade their equipment and sell bitcoin at the peak of its price are forced to get rid of tokens. Analysts say, many of them also have to sell equipment as well.
Decrease in trading volumes
According to experts, at present, a significant drop in bitcoin trading volumes is recorded on the crypto market. The current volumes are much lower than the levels observed in the winter and spring of 2017, which makes the No. 1 cryptocurrency trading unfavorable.
Market participants lose interest
Most market players lost interest in digital currencies. Many of them consider investments in virtual assets unprofitable in the short and long term.
Speculations by institutional investors
The unstable situation in the virtual currency market led to speculative actions on the part of institutional investors. As a result, the work with short, and long positions with respect to the cryptocurrency No. 1 became unprofitable for the market participants.
No Bitcoin ETF
At the moment, the issue of launching funds that work with stocks for bitcoin and other digital currencies remains open. Approval from leading regulators has not yet been received. As a result, investors found themselves in a "suspended" position, not knowing if it was worth investing in the cryptocurrency. This led to stagnation in the digital assets market, analysts emphasize.
|
Метки: #photo_news |
