Novak said about the “imminent” gas shortage in Europe due to sanctions, and Apple may break its streak of quarterly revenue growth for the first time in 3.5 years – these and other important news for Monday morning, December 26, in our daily review.

With gas consumption in the Asia-Pacific region increasing, Europe will “inevitably face” a gas shortage, Russian Deputy Prime Minister Alexander Novak said in an interview with TASS. According to him, the EU’s decision to introduce a price ceiling on gas “shows that Western colleagues are not guided by economic common sense, but are only flirting with their voters.” “If we talk about long-term prospects, they provoke a deep long-term crisis and destabilization in Europe with such decisions,” Novak said.

Analysts expect Apple’s fourth-quarter revenue to fall below the same period last year. That would break a three-and-a-half-year (14-quarter) streak of record revenue growth. Apple’s business is threatened by a massive coronavirus outbreak in China, with supply chain experts warning of a growing risk of months-long disruptions in iPhone production in the country, the Financial Times said.

American billionaire Ilon Musk warned against accumulating margin debt because of the risk of a “mass panic” in the stock market, Bloomberg reports. “I would advise people not to have margin debt in a volatile stock market, and, in terms of cash, keep your powder dry. Pretty extreme things can happen in a falling market,” Musk said on the All-In podcast on Friday.

Voice over LTE (VoLTE) and Wi-Fi calling (VoWiFi) features on iPhone 14 phones imported into Russia either don’t work or don’t work correctly, Kommersant writes, citing users of the 4PDA profile forum. The press service of Vimpelcom (Beeline brand) named the cause of the problems as the inability to apply the operator’s settings due to restrictions on Apple’s side.

Media company Bloomberg is not interested in acquiring either Dow Jones (parent company of The Wall Street Journal, part of Rupert Murdoch’s News Corp) or The Washington Post (owned by Jeff Bezos), Bloomberg spokesman Ty Trippett said on Twitter (NYSE:TWTR). His tweet was reposted by the company’s owner Michael Bloomberg, Reuters reports.
*** Translated with www.DeepL.com/Translator (free version) ***