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 […]

Apple has postponed the release of mixed reality glasses, Bloomberg reports. According to the publication’s editor Mark Gurman, Apple will release its first-ever mixed reality headset in two versions – top-of-the-line and simplified. It is expected that the premiere of the flagship headset will take place this year, and in 2024 or 2025, a cheaper […]

At the beginning of 2023, investors began to get rid of American shares and rushed into assets of other countries, including European ones. Bloomberg writes about the change of preferences in the market with reference to Goldman Sachs analysts. Only for the first two weeks of the year the outflow of funds from the U.S. […]

There can be no talk about negotiations with Ukrainian President Volodymyr Zelenskyy, Russian Foreign Minister Sergey Lavrov said at a news conference, RBC has reported. “There can be no talk of negotiations with Zelensky, well, at least because he is legally forbidden to negotiate with the Russian government,” he said. Lavrov said Russia is ready […]

In the US, retail sales and producer price data for December will be released today, which may or may not contribute to hopes of a Fed reversal. The Bank of Japan has refused to do a U-turn despite all bets that it will be forced to abandon its cap on bond yields. The Bank of […]

The U.S. Securities and Exchange Commission (SEC) inadvertently published 650 names and email addresses of cryptocurrency miners associated with blockchain firm Green as part of an investigation into the company, Cointepegraph writes. “The Privacy Act of 1974 prohibits the arbitrary release of information about individuals that the federal government maintains in its filing system,” the […]

Saudi Arabia is open to discussing oil and gas trade settlements in currencies other than the US dollar, the country’s Finance Minister Mohammed Al-Jadaan said. The Kingdom, in particular, is ready to consider trade transactions in euros and Saudi riyals, Kommersant reports. “There is no problem with discussing in which currency we conduct our trade […]

According to experts at investment and asset management firm LPL Financial, pessimism about corporate earnings in 2023 has gone too far, and there are all signs on the horizon that the pressure on corporate earnings is already easing, including a weaker dollar, Business Insider wrote. A slight decline in corporate earnings forecasts could actually be […]

Shares of cryptocurrency exchange Coinbase jumped more than 10% to $53 per share on Tuesday thanks to a prolonged rally in the cryptocurrency market, writes Business Insider. Last week, Coinbase announced it was cutting 20% of its workforce due to tough economic conditions. This positive performance of Coinbase stock has occurred when cryptocurrency prices are […]