Joseph Branch

Joseph Branch

Premium headphones in Russia may run out by the end of the quarter - Kommersant

Sennheiser, Marshall, and Sony left Russia after the start of the SWOs. Other companies have not publicly announced the suspension of supplies, but they still stopped shipping products. Marketplaces hope for parallel imports. However, the imported products often turn out to be counterfeit. And import substitution products are not yet

By the end of the year from the market voluntarily and forcibly may leave 15-20 Russian banks - Forbes

The reduction of players will occur at the expense of small and weak banks. For comparison, since the beginning of 2022, five banks left the market, in 2021 six players left voluntarily and 26 were forced to leave.

Russian electric car will cost 3 million rubles, - RBC

The first car of the new Russian brand Evolute will be an electric i-Pro sedan. The production of the novelty will be set up at the "Motorinvest" plant in Lipetsk. The i-Pro sedan will be a Russian version of the Chinese Dongfeng Aeolus E70.

National Welfare Fund will be actively replenished with yuan, rupees and lira, according to the Central Bank report

These currencies will gradually replace the dollar and euro in the structure of the NWF. The liquidity in these currencies may strongly grow in the near future. Also filling the NWF with currencies of friendly countries will contribute to the growth of the exchange rate of these currencies against the

Evraz is selling its North American division and looking for a buyer, the company said

Evraz owns two steelworks in the USA and four in Canada. The company is the leader in the production of rails in North America, as well as a leading producer of sheet steel. Evraz North America also owns 18 processing plants in Canada and the United States. In its last

France lost first place among EU electricity exporters

The country is struggling with prolonged shutdowns of its fleet of nuclear power plants. Now only half of the nuclear power plants are operational. And now Sweden has taken the export throne. The new leader supplies most of the energy to Finland and Denmark.

Saving on employees: Microsoft is cutting business expenses

According to WSJ, the IT-giant will reduce the cost of employees, taking into account the difficult economic situation. Thus, payment for business trips, training and organization of meetings will be paid from employees' own pockets. Earlier Microsoft has frozen hiring in some departments of the company. It is also

Profit of container ports may break the record by 73%

According to Bloomberg, the world's largest container lines will increase their combined revenue to $256 billion in 2022. That's a 73% increase over last year. And it was a record year. Two years of economic turmoil have transformed an industry that affects about 80% of the

The Bank of Russia will tighten the rules of foreign currency loans for legal entities

The regulator stated that it intends to establish differentiated premiums to the risk coefficients, taking into account the issuer of the currency. The higher the mark-up, the more legal entity is forced to pledge its own funds to cover the risks. The value of the surcharge will depend on the

Norway wants to limit electricity exports - Bloomberg

The country is one of Europe's leading exporters of electricity. One fifth of its production goes to its neighbors. However, the growing energy crisis in the EU is forcing the Norwegian authorities to think about their future. Consumption of importing countries is growing. The Norwegian government is concerned