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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The Washington Post: Labor productivity in the US has fallen and no one knows exactly why. Central banks bought a record 399 tons of gold in the quarter. The Confederation of German Industry has called for a one-year postponement of global corporate taxation. The IMF has again worsened the outlook for global economic growth for next year. The Pilsen Region company is nanoSPACE from Domažlice, and the self-employed person is woodcarver Karel Tittl. According to the central bank, the German economy is probably on the verge of recession. Analysis: The number of bankruptcies rose by a tenth in the third quarter year-on-year to 172. Nobel laureates have pointed to the fragility of banks and the need for regulation. The Australian central bank has raised interest rates to a nine-year high of 2.60 percent. KFC and McDonald's in the Czech Republic have increased their prices this year, with cheeseburgers going up by a fifth. The government has approved an increase in funding for film incentives to 1.4 billion crowns. Study: In October, the number of corporate bankruptcies fell, while business bankruptcies rose. The Konzum Ústí nad Orlicí cooperative slightly increased its profit to 24 million crowns last year. The Chinese economy has returned to growth, but concerns are being raised about further government steps. Confederation of Industry: Companies need a unified European solution to the energy crisis. Holub: The Czech National Bank should raise interest rates at least once more due to inflation. Beijing is delaying the publication of data on economic development during the Communist Party Congress. In September, 53 corporate bankruptcies were declared in the Czech Republic, the third lowest number this year. Confidence in the Czech economy fell below 90 points for the first time since last March. German economic experts expect a milder recession next year than the government. According to Schillerová, the actual deficit of Stanjur's budget is 470 billion CZK. The Chinese economy accelerated its growth rate to 3.9 percent in the third quarter. The Ministry of Finance will propose a 60 percent tax on extraordinary profits for banks, refineries and miners. Unemployment in the Czech Republic remained at 3.5 percent in October, and will probably grow in the coming months. Analysts: This year's foreign trade deficit could exceed 200 billion CZK. Analyst: The Czech National Bank supported the koruna exchange rate by 59 billion CZK in August, less than in July. Coface: Global economic growth should fall below two percent next year. According to analysts, the Czech economy is entering a recession. The Polish central bank left the base interest rate at 6.75 percent. World Bank President: Help with energy bills for everyone is too expensive. Economists: The budget deficit will be significantly over CZK 300 billion next year. Shell has not yet paid the windfall tax in Britain, it will legally avoid it.

Stock exchanges: Germany has called for a halt to the development of deep-sea mining due to environmental concerns. Analyst: Gas and oil prices have risen by tens of percent this year, precious metals have become cheaper. France wants to open one of the largest lithium mines in Europe by 2027.

Finance: The British government will cancel almost all planned tax cuts that have worried the markets. Credit Suisse shares are falling sharply, having already lost a record 60 percent this year. Credit Suisse bank has fallen into losses, will increase capital by four billion CHF. HN: The renamed company Fair Credit has filed for insolvency. Study: Global banking revenues to grow by more than six percent annually. Buffett's Berkshire bought a stake in Taiwanese chipmaker TSMC. Česká spořitelna and Komerční banka reported significant profit growth in three quarters. Komerční banka shareholders will decide on the dividend from November 6 to 21. Expobank CZ, which was bought by Banka Creditas, will be renamed Max banka. MF: MEPs have approved the final version of the regulation on the regulation of cryptocurrencies.