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Economics News

A collection of 554 issues

Russia plans to create a substitute for Android

RBC has learned that the company NTC IT Rosa is developing a mobile operating system. So far, only one operating system for mobile devices is represented on the Russian market - Aurora. However, experts doubt the success of the STC IT Rosa project. Many believe that Russia does not have

The ruble against the dollar is losing 3% in an hour

* Today the EU and UK imposed new sanctions on Russia and imposed embargo on Russian gold, which could be a new reason for the weakening of the ruble. But by the volatility of trading we can assume that there are currency interventions on the market.

Draghi quits - it could be disastrous for Europe

Italian bond yields are up 2.5% after Draghi's decision and the Italian companies index is down 3.5%. And it's not over yet: the ECB will raise rates today. Europe's central bank is in a very difficult position. On the one hand there

High-tech companies will find it easier to attract investment on the Moscow Exchange - Prime

The Central Bank proposed to soften the conditions of high-tech companies' access to the "growth sector" platform on the Moscow Exchange, said the head of the regulator Elvira Nabiullina. We remind that today President Putin said that it is necessary to focus on high-tech companies: the economy

Oil prices in Iraq will exceed $100 a barrel by the end of 2022 - Iraqi Oil Minister Jabbar

Iraq's Kerbela refinery will start operating by the end of 2022, he added. Iraq will export 3.45 million barrels of oil per day in July (excluding the Kurdish region), the official said.

Refusal of energy carriers from Russia in winter will cost Europeans $200 billion, - Bloomberg

* According to experts, in the end it will be ordinary European consumers who will pay for this: either immediately (due to higher energy prices) or over time (through increased taxes).

Mishustin promised to "improve the quality of life" of Russians in the new year

The draft federal budget for the next year should reflect the initiatives aimed at improving the quality of life of citizens, he said. According to him, a constructive dialogue with the State Duma deputies at the stage of "zero" readings of the document will help.

Emergency declared in Britain: abnormal heat wave hits Europe - Reuters

Earlier it became known about the heat exhaustion of Spain and Portugal. "This is likely to lead to widespread impacts on people and infrastructure," the U.K. Met Office said. The danger level imposed implies the occurrence of diseases and deaths among healthy people, not just in high-risk

Denis Manturov, candidate for the post of Deputy Prime Minister, stated the need to abandon the market industrial policy

"It is necessary to make a turn from the market industrial policy to the policy of technological sovereignty," he said. Imported machinery and equipment should be gradually displaced, Manturov urged.

Chip shortages no longer a problem? Inflation "kills" demand for semiconductors

The COVID-19 pandemic led to serious supply chain problems. But now, amid record inflation in many countries, demand for semiconductors, of which many smartphone and computer makers cried out about shortages, has fallen. This allows suppliers to build up stocks. In late June, memory chip maker Micron Technology said it