Joseph Branch

Joseph Branch

Two explosions near the Nord Stream gas pipelines were detected

Earlier, Polish and Danish leaders and experts expressed fears that leaks at the pipelines could be the result of sabotage Sweden's national seismic network said it recorded two explosions near unusual leaks at two Russian gas pipelines running along the bottom of the Baltic Sea to Germany. The network said

The business climate in Russia is recovering. The Bank of Russia Index is growing

Businesses in the country are beginning to adapt to changes in the economic conditions in the Russian Federation. Short-term production expectations are quite optimistic, and production activity is growing. Production volumes are actively recovering. The BCI (Business Climate Index) rose to 2.8 points, up 1.4 p. At the

British supermarkets are failing. Inflation and supply chain failures put retailers at risk of bankruptcy

The bond insurance coverage of British supermarkets Asda Group and Iceland Foods has risen to 76%, from 52%, over five years. Yields on the bonds of these issuers have risen sharply along with the risk of their bankruptcy. Investors' main fears are due to the country's tax cuts, which they

EU foreign ministries to discuss abolition of the unanimous decision-making principle today - RBC

The principle allows EU countries to veto the application of sanctions. For example, Hungary used its veto when the EU was working on restrictions on Russian oil in spring. IF News: Eliminating the veto would allow the EU to pass sanctions by majority vote, which would speed up decision-making. At

Russian gold imports to Switzerland rose to the highest level in two years, reaching $324 million in August - Bloomberg

Russian gold became taboo after the imposition of sanctions. However, bars taken out of the country before August 4 are not covered by the import ban. For easier sale, gold is exported to Switzerland to be melted down. Once melted, the gold becomes "Swiss".

The Central Bank will lower the rate by 0.5% today - consensus forecast

The Central Bank key rate will be announced at 13:30 Moscow time. How will this affect the markets? The stock market may rally slightly today on the news of the rate cut as investors will shift funds from bonds to stocks. Only if the Central Bank lowers the rate

Kanye West is ending his partnership with GAP.

The celebrity notified the company today. According to him, GAP failed to meet its commitments to open stores on time and failed to release the Yeezy Gap clothing collection. "Keeping me will cost you billions. Letting me go will cost you billions," West wrote online, but later deleted the post.

France is working to increase gas supplies to Germany

This was announced by the French gas operator GRTgaz. The Spanish company Teraga has also announced plans to increase deliveries to France. The ongoing energy crisis is having a huge effect on the German economy. Since it is the largest economy in the EU, other countries of the bloc are

Why has the price of gas in the EU dropped by almost 40 percent in a couple of weeks?

The European Union's underground gas storage facilities (UGS) are now almost 83 percent full. According to Andreas Schroeder, head of energy analysis at ICIS, the most optimistic scenario for Europe is a drop in consumption to 15 percent. In this case, at the end of the winter the storage facilities

A Russian court accepted a class action lawsuit against Sony. The company is demanding 280 million rubles

28 plaintiffs accuse the company of restricting their access to purchase video games in PlayStation Store. The suit was filed in late May. Players are demanding restoration of access to the store and compensation for moral damages of 10 million rubles each. The case began to be considered only today