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Economics News

A collection of 554 issues

EU approves $28 billion deal between Oracle and Cerner

U.S. business software maker Oracle received unconditional EU antitrust approval for its $28.3 billion acquisition of U.S. health IT company Cerner. The acquisition, the largest in Oracle's history, will give the company access to an array of developments and could increase the number of healthcare

Rental prices in Russia declined

The decline in rental costs is taking place against the backdrop of a growing volume of supply. According to calculations by "Cian.Analitika", 96.5 thousand lots were available in major cities of the country at the end of May, which is 15% higher year-on-year. The average share

Russia may agree to let OPEC+ compensate for its current drop in oil production due to sanctions - OPEC+ source

Compensation for Russian oil may be approved gradually; there is no guarantee that it will be approved in full today. Currently, Russia is producing about 1 million barrels per day less than its OPEC+ quota. For about a week now there have been rumors about Russia replacing its quota with

Biden spoke to Powell about inflation, it's too high - Treasury Secretary Yellen

California's ports are crucial to keeping supply chains open in the U.S. Yellen said she was "wrong" about the "path inflation will take" last year.

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