The world’s airlines will have a drop of up to 48% in passenger transport in 2021 compared to 2019 (pre-pandemic level), estimated the International Civil Aviation Organization (ICAO). Overall, the impact of Covid-19 on scheduled global passenger traffic for 2021 (preliminary estimates) will still be significant, compared to
Industrial production in the United States grew 0.8% in May, month-on-month and seasonally adjusted, the Federal Reserve reported. Within it, manufacturing production advanced 0.9 percent, reflecting, in part, a large gain in motor vehicle assemblies. At the same time, the factory’s output, excluding motor vehicles and parts, was
The United States and the European Union (EU) reached an agreement to suspend for five years the tariffs imposed on each other in retaliation for the subsidies granted to aircraft manufacturers Airbus and Boeing. The two have accused each other of providing direct or indirect subsidies to their
The peso starts the session with a depreciation of 0.10% or 2.1 cents, trading around 19.98 pesos per dollar, with the exchange rate touching a minimum of 19.8848 and a maximum of 19.9900 pesos. In the exchange market, a generalized strengthening of the US dollar is observed, where
World trade has recovered faster than the other components of world production, but it still faces challenges, according to the World Bank. After a 6% contraction in value in 2020, world merchandise trade would grow 19% in 2021, according to estimates from the United Nations Conference on Trade
Global demand for batteries for electric vehicles will grow 234% from 2020 to 2025, the White House estimated. Globally, the lithium market can be divided into: Lithium minerals for direct use. Basic lithium chemicals, including lithium carbonate and lithium hydroxide (as well as lithium chloride, from which lithium