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World News

A collection of 564 issues

Core U.S. retail sales higher than forecast in July: U.S. economy still standing strong

The index was 0.4%, while analysts predicted a 0.1% decline. The core retail sales index does not include automobiles. Today's numbers show that U.S. consumers are feeling confident. Demand in the economy remains strong despite record inflation. This is a negative for the stock market

The court fined Twitch 2 million rubles for publishing a video about Bucha

"Twitch should be blocked before the start of the new school year to protect schoolchildren from forbidden content," said Ekaterina Mizulina, director of the Safe Internet League and member of the Public Chamber of the Russian Federation.

Gazprom admits that winter gas prices in Europe could exceed $4,000 per thousand cubic meters

The company summed up the results of gas production and supplies since the beginning of the year - Production decreased by 13%, to 274.8 bn cu.m. Domestic deliveries were down -2% YoY to 3.6 bln cubic meters, with non-CIS countries sadder: -36.2% YoY to 78.5

By the end of the year from the market voluntarily and forcibly may leave 15-20 Russian banks - Forbes

The reduction of players will occur at the expense of small and weak banks. For comparison, since the beginning of 2022, five banks left the market, in 2021 six players left voluntarily and 26 were forced to leave.

Evraz is selling its North American division and looking for a buyer, the company said

Evraz owns two steelworks in the USA and four in Canada. The company is the leader in the production of rails in North America, as well as a leading producer of sheet steel. Evraz North America also owns 18 processing plants in Canada and the United States. In its last

France lost first place among EU electricity exporters

The country is struggling with prolonged shutdowns of its fleet of nuclear power plants. Now only half of the nuclear power plants are operational. And now Sweden has taken the export throne. The new leader supplies most of the energy to Finland and Denmark.

Saving on employees: Microsoft is cutting business expenses

According to WSJ, the IT-giant will reduce the cost of employees, taking into account the difficult economic situation. Thus, payment for business trips, training and organization of meetings will be paid from employees' own pockets. Earlier Microsoft has frozen hiring in some departments of the company. It is also

Profit of container ports may break the record by 73%

According to Bloomberg, the world's largest container lines will increase their combined revenue to $256 billion in 2022. That's a 73% increase over last year. And it was a record year. Two years of economic turmoil have transformed an industry that affects about 80% of the

Pelosi's visit to Taiwan could leave the world without iPhone 14

Nancy Pelosi's visit to Taiwan could lead to the postponement of the presentation of the new iPhone 14, reports GSM ASrena. According to the publication, the only supplier of chips for Apple is the Taiwanese company TSMC, which specializes in the production of high-tech consumer products. After Pelosi&

Inflation in the EU manufacturing sector went beyond forecasts, price growth accelerated to 35.8%

The producer price index for June rose 1.1%, compared to the forecast of 1.0%. Last month's increase was about 0.5%. On an annualized basis, producer inflation was at 35.8% with a forecast of 35.7%; however, compared to last year the situation has improved