Review of financial and economic press: German expert fear the reduction in sales of electric vehicles

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German experts fear the reduction of sales of electric vehicles

Sales of electric vehicles may be reduced due to the incorrect information on the cruising range of manufacturers of such machines. The actual mileage of these vehicles are often 20-40 percent less than the manufacturers claimed.

Chief Economist of Deutsche Bank, David Folkerts-Landau required to allocate € 150 billion to support the European banking system. In an interview with the newspaper "Welt am Sonntag", he said that financial institutions in Europe are in need of recapitalization. According to him, in 2008 the United States presented a plan of improvement of the banking sector worth hundreds of billions of dollars.

Prime Minister of Australia declared victory in parliamentary elections

More than a week after the parliamentary elections Prime Minister Malcolm declared himself the winner. Earlier, the opposition Labour Party admitted defeat, despite the fact that the final election results are not yet announced.

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G20 Ministers adopted a strategy of growth in world trade

G20 Trade Ministers adopted a strategy for world trade growth in order to achieve the goal of increasing world's GDP by an additional 2%.

Obama said the need to avoid damage to the economy from Brexit

US President Barack Obama said that is needed to reduce the damage to the global economy, reports Reuters. "It is important that none of the parties tightened position to such an extent that it caused damage to the global economy, which in some places is still pretty shaky," - he said.

The number of drilling rigs in the United States was the highest for the year

In the United States the number of drilling in the shale deposits continue to grow, which is the highest level since the summer of last year, reports Bloomberg referring to Baker Hughes Inc.

The head of US Treasury will visit EU capitals to discuss Brexit

US Treasury Secretary Jack Lew will visit Paris, London, Brussels and Berlin, to hold meetings on the economic impact of Brexit. This was reported on the official website of the US Treasury.