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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: Consumer confidence in Britain has fallen to a six-month low. 83 percent of companies have felt the negative consequences of the epidemic, Ipsos found. WTO: World trade has significantly revived, but it is likely to slow down. Bisnode: 20,000 people started their businesses with a trade license this year. A record number of companies specializing in acquisitions have entered the stock exchange. CRIF: The number of corporate and business bankruptcies fell in October. The Japanese economy has emerged from recession, growing the most since 1980. Coface: The Czech Republic has 78 representatives in the ranking of the 500 largest companies in the region. Business activity in the eurozone has fallen sharply due to the closures. According to analysts, inflation will remain below three percent for the rest of the year. According to Berlin, Europe must maintain data independence. Confidence in the economy has fallen again, most notably among service entrepreneurs. Analysts: Czech industry performed best in September since February. Analysts: Lower unemployment is due to seasonality and government support. Survey: Companies are coping with the second wave of the pandemic better than the first. Foreign trade surplus rose year-on-year to CZK 34.4 billion. IMF: Global economy is recovering, but may lose momentum. Sales in services fell by 12 percent in the third quarter. BDO: Three-quarters of companies have no protection against online threats. European Innovation Day will focus on technology talents.

Stock exchanges: The price of gold fell to a four-month low of around USD 1,830.

Finance: Commerzbank suffered losses due to Covid and restructuring. Euler Hermes: The pandemic has negatively affected 54 percent of European companies. CNB record: There is no immediate reason to change the rate setting. FSB committee: JP Morgan is no longer the most important bank in the system. Hypoindex: The average mortgage rate fell for the seventh time in a row in October. Goldman Sachs will employ more women in senior positions. Analysis: You can pay up to 95,000 more for an annual loan of 50,000 CZK. Survey: 16 percent of Czechs do not know a single investment product. Survey: Czechs are behaving increasingly responsibly in relation to loans. Goldman Sachs will establish a headquarters for stock trading in Paris. NERV wants to initiate the creation of a national development bank in the future. ÚOHS: Česká spořitelna can buy Sparkasse. ECB: Bank profits will remain weak for now, restructuring is needed. Banking Association: The share of non-performing loans is at a record low. The four largest banks' profit fell by 21.5 billion to 24.5 billion CZK. The quarterly profit of the insurance company Allianz surprisingly increased. The PPF Group fell into a loss of 10.32 billion CZK in the first half of the year. Berkshire bought its own shares for a record 9 billion USD. Banks began to individually solve repayment problems with clients. Association: Non-bank companies provided 18 percent less money this year. IIF: Global debt due to the virus will rise to a record 277 trillion USD. Australia has reduced the base interest rate to a minimum due to the coronavirus. The Czech National Bank has worsened the outlook for public finances this year and next year. Golden Gate CZ's revenues increased by 110 percent to three billion CZK.