AuthorNicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

Toyota is one of the many car makers that paused production

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Toyota halts production of the factory in the Czech Republic for two weeks due to a shortage of computer chips. It is the umpteenth time that the Japanese automaker has to stop production somewhere because of this and other problems. Toyota makes the passenger car Aygo for the European market in the Industrial City of Kolín, west of the capital Prague. For example, Toyota had already suffered...

ACEA: car sales down by 19.3 percent y/y

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Sales of new passenger cars in the European Union fell significantly in February due to ongoing lock-down measures to curb coronavirus in many European countries. According to industry association ACEA, sales fell by 19.3 percent compared to a year earlier, to a total of 771,486 cars. According to ACEA, this is the lowest sales for the month of February since 2013. Sales decreased in all EU...

BuzzFeed plans an IPO

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BuzzFeed media is negotiating for an IPO, reports news agency Bloomberg on the basis of insiders. The company’s U.S. same site would be willing to merge it with a shell company, where a group of investors that is, a method that is becoming more and more popular in the Wall Street area. After a possible IPO BuzzFeed would be able to finance acquisitions more easily with its shares, according...

Fitness club industry hit hard by 2020 lockdowns

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Fitness club owner Basic-Fit suffered a loss of more than 125 million euros due to forced closures during the lockdowns last year. Many fitness clubs had to close temporarily in the spring and in the second half of the year the Dutch company’s branches in many countries could not open again for a long time. By the end of the year, 851 of the 905 fitness clubs were closed, says CEO René Moos...

CEO Ralph Hamers received a bonus of 4.2 million Swiss francs for first four month of his job at UBS

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In his first four months at the Swiss bank, the Dutch CEO Ralph Hamers of UBS received a reward of 4.2 million Swiss francs, or nearly 3.8 million euros. That’s a lot more than he earned every year as ING’s CEO. Hamers became a board member at UBS in september and has been at the helm of Switzerland’s largest bank since 1 november. He received 1.2 million francs in ordinary...

Producer prices in Euro area show some signs of inflation, higher oil prices is the main driver

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Producer prices in the euro area rose significantly in January, driven mainly by rising oil prices. This was reported by the European statistical office Eurostat. The higher prices charged by European producers for their goods are also driving inflation. Producer prices rose by 1.4% in January compared with a 0.9% increase in December. Energy was the main driver with a plus of 3.5 percent. If the...

Rough weather and low demand led US oil production to the biggest slump since 1949

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Crude oil production in the United States fell in 2020 for the first time in four years due to the impact of the coronavirus crisis on oil demand. It was reported by the US Energy Agency Energy Information Administration (EIA). The average oil production in the US last year was 11.3 million barrels (from 159 liters) per day, a decrease of almost 8 percent compared to 2019 and its lowest level...

Sergey Kartashov: Finding IT startup is like hunting gold

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Sergey Kartashov, the chief executive officer of Generation Partners, talks about how to find a profitable IT startup in an overloaded startup market. The work of an asset management firm includes various activities to be performed including market analysis, diversification of investment portfolio, and studying new trends. The CEO of Cypriot company shares details of their work. Finding Nuggets...

Jerome Powell reassured stocks: more and more money will be printed

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The Amsterdam Stock Exchange continued to rise on Thursday on one of the last busy days of the annual numbers season. The mood in the global stock markets has improved considerably thanks to the reassuring words of US Central Bank President Jerome Powell. Powell eased concerns about rising inflation and reassured investors that interest rates will remain low for a long time to come. The AEX index...

Jair Bolsonaro fired Petrobras CEO amid oil and gas price surge

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Jair Bolsonaro

Brazilian president Jair Bolsonaro has caused great unrest in the financial markets in Brazil, by firing the CEO of state-owned oil company Petrobras. The news scared investors. They fear greater government interference in Brazilian business and restrictions on market freedom in the South American country. Bolsonaro has appointed a former general as new director of Petrobras, out of...

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