World News

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

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.

* 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).

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

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

European countries are looking for alternatives to Russian energy amid the crisis in Ukraine, so Macron will host the ruler of the oil-rich UAE in Paris next week. The trip to Paris is due a few days after Biden's first trip to Saudi Arabia. Recall that the UAE

Today's macro data from Germany showed that the key EU economy is approaching recession. The slowdown in economic activity as well as the "oil war" between Russia and the Persian Gulf is affecting oil prices. Nevertheless, OPEC does not agree that oil demand will stop growing.

According to the agency, the U.S. government will once again extend the public health emergency due to Covid-19. The measures involve providing millions of Americans with access to health insurance and telemedicine services. The Biden administration previously said it would give states 60 days' notice before the emergency

* Instead of stagflation, it is better to bet that growth will decline to trend and inflation will quickly return to normal. The labor market may cool down a bit, but still remain strong.

Rising food prices are a key factor in the underlying inflation in Turkey, which in June approached the annual rate of 80%. Antimonopoly agencies have already imposed a number of fines on chain stores, and now egg producers are under attack for doubling their prices. Turkish egg producers say they