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World News

A collection of 452 issues

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.

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

Greg Dako: 35-40% chance of recession in the U.S. - Fox Business

Greg Dako, chief economist at EY-Parthenon, warned in a new research note that there is a 35% and 40% chance that the U.S. economy will decline over the next year. The U.S. economy could face a recession next year as persistently high inflation and increasingly aggressive Federal Reserve

G7 may turn its back on fossil fuels - Reuters

Today, German Economy Minister Robert Habeck announced the intention of the G7 countries to lead the fight against climate change and accelerate the abandonment of fossil energy resources, starting with coal. According to him, the situation in Ukraine and supply problems can become a motivation for the accelerated transition to

FTX CEO ready to invest $1 billion in anti-Trump election

FTX CEO Sam Bankman-Fried said he is willing to invest up to $1 billion in the U.S. election if Donald Trump runs for president. The rationale is that Sam is more inclined to the Democrats than to the Republicans. Recall that the election will be held in 2024.

About electroenergy

The United States now spends 60 percent less energy for every dollar of GDP than it did in 1950. Europe is half as much. China, which in 1990 consumed four times as much energy per dollar of GDP as the world as a whole, by 2012 had reduced costs to

Václav Smil wrote

A new round of industrial revolutions has always coincided with the discovery of new types of energy. And the most important inventions in energy are not those devices or phenomena that produce energy, but those that transform one type of energy into another - with less loss than before. The

The global interbank market is preparing for the first ECB rate hike in 10 years.

Euribor's annual lending rate rose to 0.35% (see chart below). The last time first-round banks lent to each other at this rate was in late 2014, before the ECB launched its massive QE program. So it appears that in July we will indeed see the ECB raise

It's ironic, there's no other way to put it.

At the end of February, the West, imposing sanctions on Russia, froze the accounts of the Central Bank so that it could not intervene in the foreign exchange market in order to prevent an uncontrolled collapse of the ruble. And in the first few days, the ruble really collapsed. Now