Politics
France launches direct natural gas supplies to Germany for the first time
Back in September, the two countries had already announced active cooperation on natural gas supplies. These measures will stabilize Europe's energy market.
Mandy Op.
Politics
The Nord Stream pipeline is now filled with water for a large part of its length, - Miller
Repair of Nord Stream may require replacing a large part of the pipe, he said. Miller also said that potentially new strings of the Turkish Stream will already use Russian turbines.
Politics
Hungary will not support the European Union's introduction of price restrictions on Russian gas, Foreign Minister
According to the minister, "the introduction of artificial limitation of gas prices is harmful, dangerous and jeopardizes energy supply of Hungary. In his opinion, such a measure will only cause a greater rise in prices and worsen the energy crisis. Now Hungary is not preparing for the coming winter,
Politics
Sberbank continues closing its branch network - Kommersant
Sberbank closed a record number of offices in September - more than 500. This gives the bank substantial savings, which could amount to tens of billions of rubles a year.
Politics
The Central Bank may already switch to a new mechanism of setting exchange rates against the ruble, - Frank RG
Procedures for the establishment of the Central Bank's official exchange rates for foreign currencies have already been registered and may come into force. The Central Bank will use over-the-counter market data and bank statements (Form 701). If these two methods can not provide the necessary information, then the
Politics
Monetary tightening in other countries could affect the U.S. economy through secondary effects, Fed minutes
Fed officials have determined that they need to adopt and maintain more restrictive policies in order to meet their goal of lowering elevated inflation. Also, many officials noted that when the Fed reaches its rate target, it will have to hold the high level for "some time."
Politics
Russia is ready to increase food exports in 2023, Anton Siluanov
Russia is able to meet the global food demand. However, this requires removing all financial, logistical and other restrictions, said the Minister of Finance of the Russian Federation. The sanctions not only create a deficit of goods needed in the market, but also create significant price fluctuations.
Politics
Britain will officially declare China a threat to the state
In the country's new strategic defense and security review, China will be called a threat, not a systemic competitor as before. Liz Truss is already beginning to show a more aggressive policy. The sentiment is bolstered by China's technological influence, which is seen as aggressive in
Politics
The UK economy will enter recession from Q4 2022, - Fitch
Fitch also predicts that UK GDP will shrink by 1% in 2023, although previously the size of the fall was projected at around 0.2%. The reason: sharp increases in UK interest rates. And also the unwise budget policy of the new prime minister, which led to a record fall
Politics
The EU is negotiating about 18 billion euros in financing for Ukraine, Bloomberg
The commission is still working on the details of the new plan, and some elements, including the size of the package, have not been finalized. Ukraine will need about $38 billion in foreign financial aid next year.
Politics
Apple is still a long way off. Google unveiled the new Pixel Watch
The new model of round smart watch from the technological giant contains similar design, operating system and functions to the Apple Watch. It is noted the high performance of the device and its ergonomics. Journalists have nicknamed the product "round Apple Watch", and it's true the
Politics
The consequences of the energy crisis. Britain could face a three-hour power outage
A gas shortage is triggering a power shortage in the country. This may force the U.K. government to conduct a planned three-hour power outage (a standard blackout) this winter. Imports of French gas and reduced consumption could help solve this problem. However, other countries are experiencing similar difficulties, which