Joseph Branch

Joseph Branch

The Ministry of Economic Development proposed to create a special tax regime for businesses that do not qualify for benefits for IT

The initiative should support mature high-tech companies with revenues of 1 billion to 15 billion rubles, which in the current macroeconomic situation are in a difficult situation, says the bill of the Ministry, referred to by "Vedomosti". Such companies are proposed to be exempted from income and property

Wildberries turned on postpaid for 75% of users - IZ

"The parameters of the conditions for refusing goods or returns will continue to change - this will allow to motivate users to consciously order and encourage buyers with a low rate of returning items," - stressed the press service of Wildberries. The company noted that online payment upon

EU to reduce oil exports from Russia by the end of the year by 92% - Macron

The EU and Turkey will make efforts to unblock 20 million tons of Ukrainian grain for export, Macron said. Macron positively assesses Putin's talks with Erdogan in the context of unblocking Ukrainian grain exports.

Shanghai takes measures to support economy - Reuters

Shanghai authorities will lift many conditions for businesses to resume operations from Wednesday: easing a citywide quarantine and introducing policies to support the affected economy, a city official said. The city will reduce taxes on passenger car purchases to encourage car consumption. A subsidy of 10,000 yuan will also

Chino-Swiss trade talks deadlocked - Reuters

Switzerland's efforts to update its free trade agreement with China have stalled as Bern has become more critical of Beijing's human rights record. Switzerland and China signed a free trade agreement in 2013, a mutually beneficial treaty aimed at helping to increase trade between the countries.

U.S. retailers stocked up, but it's not a good sign

Major U.S. retailers, experiencing supply chain difficulties in recent months, are reporting a rise in inventories in warehouses. However, this is only a signal of falling demand from the public for a number of products. Costco Wholesale said its inventories rose 26% in the last quarter. Also, Gap Inc

Greg Dako: 35-40% chance of recession in the U.S. - Fox Business

Greg Dako, chief economist at EY-Parthenon, warned in a new research note that there is a 35% and 40% chance that the U.S. economy will decline over the next year. The U.S. economy could face a recession next year as persistently high inflation and increasingly aggressive Federal Reserve

G7 may turn its back on fossil fuels - Reuters

Today, German Economy Minister Robert Habeck announced the intention of the G7 countries to lead the fight against climate change and accelerate the abandonment of fossil energy resources, starting with coal. According to him, the situation in Ukraine and supply problems can become a motivation for the accelerated transition to

Tether launches MXNT Stablecoin tied to Mexican peso

MXNT will join three other fiat currency-linked tokens that Tether has in the market: USDT with a US dollar peg, EURT with a euro peg and CNHT with a yuan peg. According to Triple A, 40% of Mexican companies are looking to adopt blockchain and cryptocurrencies in some form, making

FTX CEO ready to invest $1 billion in anti-Trump election

FTX CEO Sam Bankman-Fried said he is willing to invest up to $1 billion in the U.S. election if Donald Trump runs for president. The rationale is that Sam is more inclined to the Democrats than to the Republicans. Recall that the election will be held in 2024.