The daily increase in new cases of coronavirus infection in the Russian Federation amounted to more than 4,000 cases, 45 patients with COVID-19 died, follows from the data of the operational headquarters, released on Tuesday. “4,042 new cases of COVID-19 have been detected. The number of hospitalizations during the day amounted to 877 people and […]

The cost of ordinary shares of Sberbank at the beginning of trading on the Moscow Exchange fell by 0.79% to 152.4 rubles per paper. Preferred shares fell by 0.94% to 151.25 rubles per unit. By 10:23 Moscow time, the decline had slowed to 0.74% for both securities. The bank’s shares fell in price after the […]

China’s population shrank last year for the first time in more than 60 years, a historic shift that is likely to have long-term implications for both the domestic and global economies. The country’s population fell by 850,000 last year to 1.41 billion. The drop was the first since 1961. “This is really a historic turning […]

Oil prices corrected on Monday amid a worrisome agenda at the Davos economic forum, where most economists surveyed expect a global recession this year. Market participants were also rattled by a jump in Russian seaborne exports, which last week hit their highest since April 2022. Brent futures corrected after three days of growth. In the […]

The American company Apple will have to pay for its financial success because of its bet on the development of all production facilities in China in order to maximize profits. According to the Financial Times, the Cupertino-based corporation will now have to urgently diversify its factories to minimize the damage. “Apple chief Tim Cook and […]

OPEC shows “cautious optimism” about the prospects of the world economy, Bloomberg quotes the words of the Secretary General of the organization Haisam al-Gais. According to him, the organization sees the potential for decline in Europe and the U.S., while wanting to see what happens after the New Year in China (end of January). The […]

The MVIS Global Digital Assets Mining Index, which includes data on the top 20 miners such as Riot Blockchain, Galaxy Digital, Bitfarms and Iris Energy, has risen 64% since the beginning of January 2023. This month, the indicator posted its biggest increase since its inception in December 2021, Bloomberg reported. At the same time, Bitfarms […]

VTB broker has developed an index that shows statistics on the operations of the application users on the stock and debt markets. About it writes RBC with reference to the press release of the bank. “We are on the way to systematization, structuring of information that can be useful to our clients for making investment […]

Electric car company Tesla has cut prices on some of its top models, Business Insider reports. Specifically, prices for the Model Y and Model 3 have been reduced by 20% in the US and Europe. While the cars remain relatively expensive, this is a big premium price cut. Moreover, the company had previously only raised […]

Consumer prices in the UK in December rose by 10.5% in annualized terms, according to data from the National Statistics Office (ONS) of the country. Thus, inflation slowed down compared to 10.7% in November. The inflation dynamics matched the consensus forecasts of analysts surveyed by Bloomberg and Trading Economics. The slowdown in inflation was noted […]

The dollar is rising against the euro, stable against the pound sterling during trading on Wednesday, the Japanese yen is significantly cheaper amid the results of the Bank of Japan meeting. The Bank of Japan left the main parameters of the monetary policy (MPC) unchanged following the results of the two-day meeting that ended on […]

The media have learned about plans to lay off more than 10,000 Microsoft employees, and the Central Bank has recorded cases of writing off securities from Russian depositories abroad – these and other important news for Wednesday morning, January 18, in our daily review. Microsoft plans to cut about 5% of its employees, i.e. about […]

Microsoft will cut thousands of jobs across its divisions, and in particular, eliminate a number of positions in its human resources and engineering departments, Reuters writes. Microsoft plans to cut about 5% of its workforce, or about 11,000 positions, which could signal that problems in the technology sector are continuing and companies are being forced […]

According to a Tesla engineer, the 2016 video, now archived, that the company used to promote its autonomous driving technology (Autopilot) was staged. The purpose of the vid was to show features such as stopping at red lights and accelerating at green lights, which the system did not have, Reuters writes. CEO Ilon Musk cited […]

Currency analysts at MUFG believe sterling’s outlook for 2023 is more constructive, and cite several reasons for increased confidence. The bank expects some recovery in political confidence to support sentiment, while lower gas prices will help improve the fiscal position. The bank is also optimistic that improved relations with the EU have brought a deal […]

European Union leaders are very concerned about the American Inflation Reduction Act. This is a large-scale subsidy scheme run by the United States administration. It is pulling investment and, in particular, car production from the EU to the other side of the Atlantic. Speaking at the World Economic Forum in Davos, the President of the […]

Sberbank has announced that it is entering the Crimean market. The first ATMs have already been installed on the peninsula, a team has also been formed, Kommersant writes. “Gradually during 2023, the bank’s offices will be opened, the first of them in the largest cities will start working in the first half of the year. […]

The issue of the Russian government providing feedback on the draft law allowing to legalize cryptocurrency mining in the country has “stalled” so far, there are disagreements not only with the Bank of Russia, but also with law enforcement agencies, Deputy Finance Minister Alexei Moiseyev told reporters on the sidelines of the State Duma. About […]