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Economics News

A collection of 554 issues

Communications tariffs will not rise higher than inflation, - RBC

"Tariffs will not rise higher than CPI than inflation. This is fixed in our joint decision with the Federal Antimonopoly Service," said Shadaev, the head of the Ministry of Information. The operators index the tariffs in order to invest money into development of the networks, said Shadaev. Now,

Telegram launched a paid subscription - Forbes

Durov's team believes that the Telegram Premium subscription will usher in "an era of reliable monetization," including the development of new features and options, while maintaining free access to the app. In Russia, a paid subscription is only available to iOS users for 449 rubles per

Shares of Chinese Internet giant NetEase plummeted 10.5% after postponing the release of the mobile game Diablo

This is the most significant drop in the company's quotations for the last 9 months. The sale began after the company announced that it had postponed the launch of its mobile game Diablo Immortal in China, which was previously scheduled for June 23. NetEase developed the game in

Jerome Powell: We believe further interest rate hikes are appropriate

We are changing rates quickly because we have the determination to ensure price stability. Reducing inflation is very important. We are in the process of significantly reducing the balance sheet. Activity in the housing sector is softening and has changed in earnest since January. Tighter financial conditions should reduce demand.

Full electrification of the car market is still a long way off

"Consumers dictate the pace of electrification in the car market," Toyota Motor said in response to criticism that the company has been too slow in introducing electric cars. Toyota says it is constantly analyzing the market and the needs of its customers. During its annual shareholder meeting, the

Tax authorities are interested in extending the regime for the self-employed to citizens of the CIS countries, - Vedomosti

The tax regime may be extended to citizens from CIS countries who live and work in Russia. According to the estimates of the deputy head of the Federal Tax Service, in 3-4 years the number of self-employed may reach the level of 10 million people (about 5 million are now

Sber announced the first deal with CFA - TASS

"Our platform has already passed acceptance testing, and the first transaction will take place within a month," said a bank representative. Recall, Sber is included in the register of operators of information systems, in which the issue of digital financial assets. According to the forecasts of the head

Kazakhstan will not give up the Bologna system of education - Tokayev

"In principle, I understand the decision of the Russian government to withdraw from the Bologna system, but you have to understand that there will be consequences," he said in an interview with the TV channel Russia-24. Recall, earlier Russia withdrew from the Bologna system of education. Now new

A strong ruble is a problem, a challenge for the Russian economy - Reshetnikov

Also, the head of the Ministry of Economic Development said that the agency expects further rate cuts from the Central Bank. Inflation in Russia by the end of the year will be significantly lower than the macro forecast, the GDP decline could be slightly lower than the forecast, Reshetnikov added.

Oil production in the U.S. Bakken field will rise in July to its highest level since November 2020 - EIA

* Also, record production volumes are expected at the Eagle Ford field from April 2020. The United States continues to ramp up oil production to cope with rising gasoline prices and demand from importing countries.