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World News

A collection of 566 issues

NSD suspended transactions in euros for banking activities - RBC

Transactions in euros by Russian banks with non-residents are now not serviced. This means that Russian companies will not be able to import goods paid for in euros from abroad. Transactions in other currencies take place as usual. NSD declared an emergency situation in depository and banking activities amid EU

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

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.

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.